Alternative No. 1:
3.1 Recipient agrees to begin practicing full-time in the Community within 90 days after Recipient completes their physician assistant training program.
3.2 Recipient agrees to practice full-time in the Community, one month for each month the loan was received, with no credit being granted for anything less than twelve (12) months. The period shall begin on the date Recipient begins to practice full-time in the Community.
3.3 If Recipient practices full-time in the Community for at least twelve (12) months, but less than the total obligation, then the Commission shall give the Recipient $1,000.00/month credit for the sum total of the months spent in the Community.
3.4 Recipient's obligation to practice full-time in the community or to repay the Loan as provided in this Agreement is absolute. Exceptions for exigent circumstances, including, but not limited to, financial problems, bankruptcy, family or personal problems, illness or injury, may be granted at the discretion of the Commission.
Alternative No. 2:
4.1 If Recipient does not complete the entire Physician Assistant Training Program, the Recipient shall repay to the Commission the entire amount of the Loan, including the principal with interest thereon at the rate of prime plus one percent per annum from and after the date Recipient receives the Loan. The Commission shall also be entitled to recover liquidated damages in an amount not to exceed 100% of the principal; collection costs; litigation costs; and reasonable attorney fees. Repayment in full, in lump sum is due within thirty
Alternative No. 1:
3.1 Recipient agrees to begin practicing medicine full-time in the Community immediately after Recipient completes his/her family practice or family medicine residency.
3.2 Recipient agrees to practice medicine full-time in the Community, one month for each month the loan was received, with no credit being granted for anything less than twelve (12) months. The period shall begin on the date Recipient begins to practice medicine full-time in the Community.
3.3 If Recipient practices medicine full-time in the Community for at least twelve (12) months, but less than the total obligation, then the Commission shall give the Recipient $1,000.00/month credit for the sum total of the months spent in the Community.
3.4 Recipient's obligation to practice medicine full-time in the community or to repay the Loan as provided in this Agreement is absolute, exceptions for exigent circumstances, including, but not limited to, financial problems, bankruptcy, family or personal problems, illness or injury, may be granted at the discretion of the Commission.
Alternative No. 2:
4.1 If Recipient does not complete the entire Family Practice or Family Medicine Residency Program, the Recipient shall repay to the Commission the entire amount of the Loan, including the principal with interest thereon at the rate of prime plus one percent per annum from and after the date Recipient receives the Loan. The Commission shall also be entitled to recover liquidated damages in an amount equal to 100% of the principal; collection costs; litigation costs; and reasonable attorney fees. Repayment in full, in lump sum is due within thirty (30) days unless the Recipient begins practicing medicine in a community approved by the Commission.
4.2 If Recipient does not practice medicine full-time in the Community at all, or if Recipient practices medicine full-time in the Community for a period of less than twelve (12) months, then no credit shall be given and Recipient shall repay to the Commission the entire amount of the Loan, including the principal with interest thereon at the rate of prime plus one percent per annum from and after the date Recipient receives the Loan. The Commission shall also be entitled to recover liquidated damages, an amount equal to 100% of the principal; collection costs; litigation costs and reasonable attorney fees.
4.3 If Recipient breaches any term or provision of this Agreement, or is in default, the Commission shall be entitled to recover liquidated damages in an amount equal to 100% of the principal which the parties agree shall compensate the State of Oklahoma and the Community for the loss of Recipient's medical services to the Community.
4.4 Any partial payment received under this Agreement shall be applied first toward payment of liquidated damages, then toward payment of the interest, collection costs, litigation costs, attorney fees and principal, in that order.
4.5 Recipient shall repay the Loan in lump sum within thirty (30) days after the date Recipient should have begun practicing medicine in the community as required in this Agreement, or within thirty (30) days after Recipient ceases to practice medicine full-time in the Community, whichever date is applicable.
4.6 Recipient shall repay the Loan to the Commission at 000 X. Xxxxxxxx Avenue, Suite 520, Oklahoma City, Oklahoma 73102.
4.7 If the Commission commences litigation or collection activities to recover the Loan, the Recipient will be liable to the Commission for the reasonable collection costs, litigation costs and attorney fees in addition to the ...
Alternative No. 2:
4.1 If Recipient does not practice medicine full-time in the Community at all, or if Recipient practices medicine full-time in the Community for a period of less than one
(1) year, then no credit shall be given and Recipient shall repay to the Commission the entire amount of the Loan, including the principal amount of Fifty Thousand ($50,000.00) Dollars, with interest thereon at the rate of prime plus one percent per annum from and after the date Recipient receives the Loan, plus liquidated damages, collection costs, litigation costs and attorney fees as provided in this Agreement.
4.2 If Recipient breaches any term or provision of this Agreement, or is in default, Recipient shall pay to the Commission liquidated damages equal to one hundred (100%) percent of the principal which shall compensate the State of Oklahoma and the Community for the loss of Recipient's medical services to the Community.
4.3 Any payment received under this Agreement shall be applied first toward payment of the liquidated damages, then toward payment of the interest, collection costs, litigation costs, attorney fees and principal, in that order.
4.4 Recipient shall repay the Loan in lump sum within thirty
Alternative No. 1:
3.1 Recipient agrees to begin practicing medicine full-time in the Community within ninety (90) days after Recipient completes his/her medical internship or residency, whichever applies; or if the recipient is not currently an intern/resident, by a date agreed upon by all parties involved.
3.2 Recipient agrees to practice medicine full-time in the Community for a period of three (3) years. The three year period shall begin on the date Recipient begins to practice medicine full-time in the Community.
3.3 If Recipient practices medicine full-time in the Community for three (3) years as provided in this Agreement, then the Commission shall deem the Loan repaid in full and Recipient's obligations under this Agreement shall be deemed fully performed.
3.4 If Recipient practices medicine full-time in the Community for a period of less than three (3) years but more than one (1) year, then the Commission shall give Recipient credit for one (1) year's practice of medicine and, in that event, Recipient shall then repay the principal amount owed, with interest thereon at the rate of prime plus one percent per annum from and after the date Recipient receives the Loan, plus liquidated damages, collection costs, litigation costs and attorney fees as provided in Alternative No. 2 of this Agreement.
3.5 Recipient's obligation to practice medicine full-time in the Community or repay the Loan as provided in this Agreement is absolute and shall not be excused for any reason whatsoever including, but not limited to, financial problems, family or personal problems, death, illness or injury.
Alternative No. 1 (Preferred). HCD may determine that, beginning not earlier than the tenth (10th) anniversary of the date of the HAP Contract, and upon expiration or termination of the HAP Contract, Developer shall rent the Housing Units to Very Low Income Households (earning not more than 50% of Orange County Median Income) at an Affordable Rent but only as each such Housing Unit becomes vacant as a result of attrition and/or eviction due to actual documented tenant default.
Alternative No. HCD may determine that, beginning in the eleventh (11th) Year after the date of the HAP Contract and continuing through the end of the twelfth (12th) Year after the date of the HAP Contract, all Housing Units at the Project (both units of existing Extremely Low Income, i.e., previous Section 8 tenants, and newly vacant Housing Units) must be rented to and occupied by Extremely Low Income Households paying an Affordable Rent; under this Alternative No. 2, beginning in the eleventh (11th) Year, the existing Extremely Low Income tenants, i.e., previous Section 8 tenants, will continue to pay an Affordable Rent that is equal to thirty percent (30%) of their actual income and tenants of newly vacant Housing Units will pay an Affordable Rent which is equal to thirty percent (30%) of thirty percent (30%) of Orange County Median Income for a family of a size appropriate to the unit.
Alternative No. HCD may determine that, beginning in the thirteenth (13th) Year after the date of the HAP Contract and continuing through the end of the fifteenth (15th) Year after the date of the HAP Contract:
Alternative No. 2 – Issuance of License Agreement to the City of Hermiston for Modifications to Existing Water Treatment Facilities
