Program Financing Agreement Clause Samples
A Program Financing Agreement is a contractual provision that outlines the terms and conditions under which funding is provided for a specific program or project. It typically details the amount of financing, disbursement schedules, reporting requirements, and the obligations of both the funding provider and the recipient. For example, it may specify milestones that must be met before funds are released or set out procedures for monitoring the use of funds. The core function of this clause is to ensure that both parties have a clear understanding of how the program will be financed, thereby reducing the risk of disputes and ensuring accountability in the use of funds.
Program Financing Agreement. This Note is one of the “Notes” referred to in, and entitled to the benefits of, the Program Financing Agreement dated as of September 2, 2009, made by and between FFB and the Secretary of Energy, acting through the Department of Energy (the “Secretary”) (such agreement, as it may be amended, supplemented, and restated from time to time in accordance with its terms, being the “Program Financing Agreement”).
Program Financing Agreement. This Note is one of the “Notes” referred to in, and entitled to the benefits of, the Program Financing Agreement dated as of January 19, 2017, made by and between FFB and the Maritime Administrator, Maritime Administration, U.S. Department of Transportation (the “Administrator”) (such agreement, as it may be amended, supplemented, and restated from time to time in accordance with its terms, being the “Program Financing Agreement”).
Program Financing Agreement. This Bond is one of the “Bonds” referred to in, and entitled to the benefits of, the Program Financing Agreement dated as of September 19, 2013, made by and among FFB, the Secretary of the Treasury (the “Secretary”), and the Community Development Financial Institutions Fund (the “CDFI Fund”) (such agreement, as it may be amended, supplemented, and restated from time to time in accordance with its terms, being the “Program Financing Agreement”).