Subject to paragraph (2), as soon as practicable after substantial completion of a project and after notifying the obligor, the Secretary may sell to another entity or reoffer into the capital markets a secured loan for the project if the Secretary determines that the sale or reoffering can be made on favorable terms.
Section 4.f.: Updated to clarify amortization of internal loans, particularly with regard to new Bridge Financing loan terms, and how debt service will be charged after substantial completion of the project to the school or unit responsible for repaying the loan.
later than 1 year after the date of substantial completion of the project.
Scheduled loan repayments of principal or interest on a secured loan under this section shall commence not later than 5 years after the date of substantial completion of the project.
If, at any time after the date of substantial completion of the project, the project is unable to generate sufficient revenues to pay the scheduled loan repayments of principal and interest on the secured loan, the Secretary may, subject to subparagraph (C), allow the obligor to add unpaid principal and interest to the outstanding balance of the secured loan.
He attacked the "substantial and unjustified prosecution delay" and said Mr. Bryant was following procedure by not entering a plea until "substantial completion of the pretrial hearings".
The planning proposal anticipates "substantial completion" in 2022, though that seems overly ambitious.
The museum said it is aiming for "substantial completion" of the new building by the end of 2023.
After a substantial retrenchment, Dry Ships appears poised for a substantial recovery.
An initial uptick in revenue is followed by a substantial dropoff in ad completion rates, as viewers quickly grow weary of the oversupply of irrelevant ad messages.
During the final semester, students often work directly with a faculty advisor towards completion of a substantial written thesis.
