Relending Fund; Relending Account.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (1) The Qualified Issuer has received and approved a Bond Loan commitment request submitted by the Eligible CDFI; (2) No material event has occurred and is continuing or is threatened at the Eligible CDFI level or Qualified Issuer level that adversely affects the Eligible CDFI, the Bond or the Bond Loan; (3) No Eligible CDFI event of default has occurred and is continuing with respect to the Bond Loan; (4) No Qualified Issuer event of default has occurred and is continuing with respect to the Bond; (5) There exists no unreplenished draw on the Risk-Share Pool Fund by the Eligible CDFI; (6) The maturity of Secondary Loans made from the Relending Fund shall not extend beyond the maturity date of the corresponding Bond; and (7) Any other conditions set forth in this interim rule, the applicable Notice of Guarantee Availability, the Secondary Loan Requirements or the Bond Loan documents. (d) (e) (1) The date on which the balance in such Relending Subaccount becomes less than or equal to the applicable Relending Subaccount Maximum, or (2) Six months following the Notification Date. (f)

official document · source cfr-2024 · id 12:§ 1808.308