Common use of Development Subsidy Clause in Contracts

Development Subsidy. The Development Subsidy is the amount of the NSP3 Loan attributable to the Project expended for NSP3-eligible costs identified in the Approved Budget, minus the Selling Price of the Project Unit (as defined in Section 20). (2)

Development Subsidy. The Development Subsidy is the amount of the NSP3 Loan attributable to the Project Property plus any additional funds secured by BORROWER (“Leveraged Funds”) expended for NSP3-eligible costs identified in the Approved Budget, minus the Selling Price of the Project Unit (as defined in Section 20). (2)Property;