CT2018-1335 Contract - Laserfiche WebLink

Home Browse Search

i. "BASE LOAN AMOUNT"LOAN AMOUNT THAT DOES NOT INCLUDE THE ONE PERCENT(1%) LOAN ORIGINATION FEE.THIS IS THE AMOUNT DISBURSED'BY CWCB TO THE BORROWER. ii. `BORROWER"AN ELIGIBLE ENTITY,AS SPECIFIED,WHO WILL BE RESPONSIBLE FOR THE REPAYMENT OF THE LOAN. iii. "COLLATERAL"PROPERTY OR OTHER ASSETS THAT THE BORROWER OFFERS TO SECURE THE LOAN.ALSO REFERRED TO AS PLEDGED PROPERTY. iv. "EFFECTIVE DATE"THE DATE ON WHICH THIS CONTRACT IS APPROVED AND SIGNED BY THE COLORADO STATE CONTROLLER OR DESIGNEE,AS SHOWN ON THE SIGNATURE AND COVER PAGE OF THIS CONTRACT. ' v. "EVIDENCE OF INSURANCE"WRITTEN DOCUMENTATION OF INSURANCE WITH A COMPANY THAT HAS AN AM BEST RATING OF A-VIII OR BETTER WRITTEN ON AN INSURANCE SERVICES OFFICE OCCURRENCE FORM(ACORD25). vi. "DEED OF TRUST"A SECURITY INSTRUMENT CONVEYING TITLE IN TRUST TO CWCB COVERING A PARTICULAR PIECE OF PROPERTY. IT IS USED TO SECURE PAYMENT OF THE PROMISSORY NOTE. vii. "LOAN CONTRACT"THIS AGREEMENT,INCLUDING ALL ATTACHED APPENDICES,ALL DOCUMENTS INCORPORATED BY REFERENCE,ALL REFERENCED STATUTES,RULES AND CITED AUTHORITIES,AND ANY FUTURE MODIFICATION THERETO. viii. "LOAN ORIGINATION FEE"ONE (1%) OF THE BASE LOAN AMOUNT. ix. "LOAN RESOLUTION"BORROWER'S WRITTEN AUTHORITY TO ENTER INTO THIS CONTRACT. x. "LOAN SECURITY"THE ASSETS THE BORROWER OFFERS TO SECURE THE LOAN. xi. "PLEDGED REVENUES"THE PLEDGED REVENUES SHALL CONSIST SOLELY OF BORROWER'S REVENUES BACKED BY A RATE COVENANT AND ANNUAL FINANCIAL REPORTING AS DEFINED IN THE LOAN RESOLUTION AND SET FORTH IN THE SECURITY AGREEMENT. xii. "PROJECT"SEE PARAGRAPH 3.PURPOSE AND TERMS,FOR NAME AND DESCRIPTION OF THIS PROJECT. xiii. "PROMISSORY NOTE"THE DOCUMENT ISSUED TO SECURE REPAYMENT OF THE LOAN.THE PROMISSORY NOTE STATES THE TOTAL LOAN CONTRACT AMOUNT, INTEREST RATE,TERM OF REPAYMENT,AND ANNUAL PAYMENT AMOUNT. xiv. "SECURITY AGREEMENT"THE DOCUMENT THAT PROVIDES A SECURITY INTEREST IN A SPECIFIED ASSET PLEDGED TO REPAY THE LOAN. Page 4 of 16