(vi) The strategy should give for these types of additional needs for provider criteria as can be demanded via the Secretary.
(b) A receiver who sets aside cash underneath subsection (a) of this portion could make use of the money only in an area that is not getting supplied Along with the minimal suitable degree of broadband services founded underneath area 950bb(e) of this title, Except the recipient satisfies the requirements of section 950bb(d) of the title.
In the event the Secretary and also the Federal Funding Bank approve such an extension, then the duration of the existing guarantee shall also be regarded as prolonged.
Notwithstanding another provision of the chapter, no prepayment premium shall be imposed or gathered with regard to that percentage of a bank loan that's pay as you go by a borrower in accordance with subparagraph (B).
(iii) the average price of quite possibly the most subscribed tier of broadband company in a very proposed provider spot;
(B) any place in just a provider region of a borrower for which a borrower has an outstanding personal loan produced below subchapters I by means of V as from the date of enactment of the paragraph.
(1) Subject to restrictions set up in appropriations Acts, the Secretary shall allow any borrower to defer the payment of principal and desire on any insured or immediate financial loan designed underneath this chapter beneath conditions described In this particular subsection, notwithstanding any limitation contained in subsection (a), besides that this sort of deferment shall not be permitted depending on the dedication of the Secretary of your money hardship on the borrower.
(ii) involves only All those locations by which the applicant is ready to meet up with the provider demands less than this area, as based on the Secretary.
(i) The standard quantity of subscribers for each mile of line from the services region with the applicant is not really over 4.
The Secretary shall not look at a portion of a company territory explained in subsection (a) to become unserved If your broadband services service provider has built or begun to build broadband services that meet up with the minimal appropriate amount of provider recognized less than portion 950bb(e) of the title, in that part of the support territory.
For the goal of relieving borrowers of pointless and burdensome specifications, the Secretary, guided from the techniques of private lenders with respect to identical credit rating dangers, shall difficulty polices, relevant to any electrical borrower less than this chapter whose Web well worth exceeds 110 % of the remarkable principal balance on all loans designed or guaranteed to the borrower because of the Secretary, to minimize People acceptance rights, demands, limits, and prohibitions that the Secretary normally may perhaps set up with respect to your functions of such a borrower.
"(A) think about whether or not the recipient is or could well be serving a place that is definitely unserved or has service ranges down below the bare minimum appropriate amount more info of broadband service proven less than subsection (e); and
The Secretary may possibly make or assurance loans less than this subchapter and subchapter I for cybersecurity and grid stability enhancements.
A bond or Observe certain below this area shall, by agreement involving the Secretary and also the borrower—