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' FROM�BUSINESS DEUELOPMENT TD� 2174242770 MAR 4, 1993 10�29AM �067 P.04 <br /> Paragraph 5; The portian of the financing ta � third party <br /> beneficiary derived from Program Praceeds shali nat exceed <br /> Z200,000 and shall represent no more than 50X of the total <br /> Project investmen�. 6rantee Matchinq Funds shall be loaned to ar <br /> lnvested in third party beneficiaries on a 1:1 basis (n dollar <br /> for dollar basis an an equivalent term) with the grant Award. <br /> Grantee funds sha11 be loaned to or Snvested in �hird party ' <br /> �eneficiaries on � 1:1 basis (a dollar for dollar basis on an <br /> equivalent term) with Pragram Derived Income. <br /> . Paragraph 7; �or each third party beneficiary Pro3ect financed <br /> with Program Praceeds, 0� tc 90� awner equity (cash or other <br /> ch Pro eCt. <br /> assets) is also required for ea 3 <br /> Paragraph a0; An interest ra�e varying between 0� and 15�. IL may <br /> be devinted from with a vote by the ma�ority of the Board of <br /> Oirectors. <br /> Paragraph 13; Repayment maturities for Program Pro�ects are as <br /> follows: 0 to 7 years for warking cap;tal , and up to 10 years or <br /> the life of the assets, whichever is more, �fvr machlnery and <br /> gquipm8nt Or real property. <br /> , <br /> Paragraph 21, The geagraphic area served by the Grantee shall be <br /> the entire State of Illinois; <br />