
The following events will terminate the LiDL
![]() | Prepayment of the loan, in part or in full |
![]() | The loan is in default and foreclosure procedures have begun |
![]() | Sale of the business or of the assets acquired with the loan |
![]() | Any change in the ownership or control of the business which would render it ineligible for the subsidy |
![]() | Disbursement of the loan for anything other than the purchase or improvement of land, buildings, or equipment |
![]() | Violation of any of the conditions of the subsidy as described in this manual, or any subsequent rules and regulations enacted by WHEDA. |
Upon determination that such an event has occurred, WHEDA will redeem, in full without loss of accrued interest or penalty, even though such penalty may appear on the face of the CD.