RE: Just an innocent question (really!)I don't know the answer to your question but the way I read it is that it is a loan which ultimately needs to be paid back. They need to show eligible expenditures up to a maximum of 20 million in order to receive reimbursement up to a maximum of 10 million.
"Under the terms of the loan, the Company will receive reimbursement of 50% of its eligible expenditures to a maximum of $10 million."
Not a bad deal though. Try to get an interest free loan from your bank to renovate your house!
You probably need access to the agreement to read the small print to answer your question accurately.
Any different interpretations?