Definitions.

CFR · 2024-01-01 · US · Title 10

When used in this part the following words have the following meanings. (1) The total of all administrative expenses that DOE incurs during: (i) The evaluation of an Application for a Guarantee; (ii) The negotiation and offer of a Term Sheet; (iii) The negotiation of a Loan Guarantee Agreement and related documents, including the issuance of a Guarantee; and (iv) The servicing and monitoring of a Loan Guarantee Agreement, including during the construction, startup, commissioning, shakedown, and operational phases of an Eligible Project. (2) The Administrative Cost of a Loan Guarantee does not include Transaction Costs. (1) Any Person formed for the purpose of, or engaged in the business of, lending money, including State Energy Financing Institutions, financial institutions, and trusts or other entities designated as trustees or agents acting on behalf of institutional investors, bondholders, or other lenders that, as determined by DOE in each case, is: (i) Not debarred or suspended from participation in a Federal Government contract or participation in a non-procurement activity (under a set of uniform regulations implemented for numerous agencies, such as DOE, at 2 CFR part 180); (ii) Not delinquent on any Federal debt or loan; (iii) Legally authorized and empowered to enter into loan guarantee transactions authorized by Title XVII and this part; (iv) Able to demonstrate experience in originating and servicing loans for commercial projects similar in size and scope to the E

official document · source cfr-2024 · id 10:§ 609.2