Agreed Calculation Date. The Agreed Calculation Date shall be the agreed date of [INSERT].
Agreed Calculation Date. The Agreed Calculation Date shall be the agreed date of _________________, 202__. Repayment Dates: Borrower/Property owner shall pay all taxes inclusive of the annual special assessment lien payment due on the Property in {a single payment due on April 30th of each calendar year and not one-half on the last calendar date in February and the other half on June 30th} {or} {two annual installments, the first being on the last calendar date in February and the other half due on June 15th of each calendar year and not in one payment due on April 30th} as set forth on the amortization schedule attached hereto and as set forth in the Resolution. It is a material term of the financing that the Borrower/Property Owner make such tax/annual assessment lien payments on the above agreed date(s) of each year. Additional Requirements: Additional Property Owner Covenants: Additional Property Covenants, Owner Representations and Warranties: Insurance Requirements: The funds from the CoPACE Financing shall be subject to the following: {_______________________________________________} {(a) Consider separate disbursement agreement and/or completion guaranty} {(b) Financing statement provisions} {(c) Confirmatory Note} {(d) Warranties requirements} {(e) DSCR provisions} {(f) Equity/Loan-In-Balance Requirements. The amount of equity capital the Property Owner is obligated to contribute to the Project (the “Owner’s Equity”) and the amount of other funding sources (“Non-CoPACE Financing”) obtained for the Project are as follows: _________________________________________. In the event that the costs to complete the Project exceed the amount budgeted for such line item, then the Property Owner shall be required to fund such amounts to an escrow account for the benefit of the Capital Provider within ten (10) days following written notice from the Capital Provider notifying the Property Owner of the deficit (the “Loan In Balance”).}
