A Review Of 922 loans

A Review Of 922 loans

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(D) the believed variety and proportion of support points in the proposed support territory with no mounted broadband service, irrespective of whether terrestrial or wi-fi;

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(bb) the fascination rate on commercial loans for your period that don't afford to pay for the borrower this kind of ideal.

To be suitable for your grant underneath this area, Besides the requirements of subsection (d), the project that's the topic of the grant shall—

(iii) the standard cost of quite possibly the most subscribed tier of broadband service in a proposed company place;

(A) eligibility conditions to make certain any mortgage prepayment exercise needed to be performed underneath this subsection is going to be directed to Individuals cooperative borrowers in greatest have to have of the benefits connected to prepayment, as determined by the Secretary; and

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The fascination level on a financial loan refinanced under this part shall be established for being equivalent into the then existing cost of resources into the Department in the Treasury for obligations of comparable maturity to some term picked with the borrower pursuant to paragraph (3), apart from that these types of amount shall not be increased than 7 per cent annually, subject to subsection (d).

To generally be qualified to receive a grant less than This system, an eligible entity shall post to your Secretary an application at this sort of time, in this kind of manner, and that contains this sort of info as being the Secretary may well call for.

If a Condition will not create a program in accordance with the necessities with the previous sentence, the Secretary shall approve any telecommunications modernization system to the Condition that satisfies the necessities that is definitely made by a bulk of the borrowers of telephone loans created under this subchapter who can be found from the State.

Any substitute services expectations should proceed to look at the best technological know-how more info available to meet the requirements on the inhabitants during the unserved area.

struck out from introductory text "satisfies either of the next conditions" immediately after "borrower which"; restricted par. (one) to the phone borrowers, substituting provision for an average subscriber density of 3 or much less per mile at the end of The latest calendar calendar year ending at the very least 6 months prior to acceptance of the bank loan for prior provision for a mean consumer or subscriber density of two or much less for each mile; substituted in par. (two) provision, restricted to electric borrowers, respecting obtaining a mean consumer density of two or fewer per mile or an average adjusted plant income ratio of about nine.

The Secretary along with the applicant may perhaps jointly conform to amend the milestones and objectives agreed to below paragraph (3).

All hard cash harmony amounts (attained from cushion of credit rating payments, mortgage payments, and other resources) held through the Fund shall bear desire to your Fund at a amount equal into the weighted regular rate on remarkable certificates of helpful possession issued through the Fund.