Conditions for Repayment of Advances Sample Clauses

Conditions for Repayment of Advances. The Grant Agreement contains provisions and requirements for repayment of advances that apply to CCWD and therefore to Local Project Sponsors, in accordance with the relationship and responsibilities developed by and between CCWD and Local Project Sponsors by execution of this Local Project Sponsor Agreement. If the State demands repayment of all or any portion of the Advanced Funding pursuant to the conditions described in Paragraph 10 of the Grant Agreement, Local Project Sponsors, inclusive of CCWD, will be responsible for repayment of the specified Advanced Funding amounts to the State for the Advanced Funds, along with interest, that have been disbursed to the Local Project Sponsor. If conditions arise that result in termination of this Local Project Sponsor Agreement pursuant to Paragraph 18 of this agreement, or if an individual Local Project Sponsor terminates its participation in this agreement pursuant to the same paragraph, all Advanced Funding previously paid by CCWD to the Local Project Sponsor(s), irrespective of work completed, must be returned to CCWD in a single payment within three (3) months of the termination activity. Notwithstanding anything to the contrary in this Agreement, each Local Project Sponsor shall defend, indemnify and hold harmless CCWD, its members, elected and appointed officers, employees, and agents from any and all liability, actions, claims, costs, and expenses, including attorneys’ fees, related to that Local Project Sponsor’s failure to comply with any repayment request or requirement imposed by DWR. The Parties to this Agreement hereby acknowledge and agree that in the event that one or more Local Agency Sponsors receiving advanced funding fail to comply with any repayment request or requirement imposed by DWR pursuant to this Agreement or the Grant Agreement and DWR subsequently makes a demand for repayment of all or a portion of the advanced funds provided pursuant to the Grant Agreement, CCWD may, in its sole discretion, seek reimbursement or repayment from all Local Agency Sponsors receiving advanced funding, including CCWD, on an equal share basis of the repayment demand by DWR, regardless of whether the Local Agency Sponsor receiving advanced funding is in default. CCWD shall first make reasonable efforts to seek repayment from the defaulting Local Agency Sponsor or Sponsors consistent with its obligations pursuant to Paragraph 4 of this Agreement.
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Related to Conditions for Repayment of Advances

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Repayment of Funds Unless Treasury extends the time period, a recipient shall repay to the Secretary any amounts subject to recoupment in accordance with instructions provided by Treasury:

  • Repayment of Loans (a) The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Committed Loans outstanding on such date.

  • Conditions of Funding (a) The HSP will:

  • Repayment of Amounts Advanced for Network Upgrades Upon the Commercial Operation Date, the Interconnection Customer shall be entitled to a repayment, equal to the total amount paid to the Participating TO for the cost of Network Upgrades. Such amount shall include any tax gross-up or other tax-related payments associated with Network Upgrades not refunded to the Interconnection Customer pursuant to Article 5.17.8 or otherwise, and shall be paid to the Interconnection Customer by the Participating TO on a dollar-for-dollar basis either through (1) direct payments made on a levelized basis over the five-year period commencing on the Commercial Operation Date; or (2) any alternative payment schedule that is mutually agreeable to the Interconnection Customer and Participating TO, provided that such amount is paid within five (5) years from the Commercial Operation Date. Notwithstanding the foregoing, if this LGIA terminates within five (5) years from the Commercial Operation Date, the Participating TO’s obligation to pay refunds to the Interconnection Customer shall cease as of the date of termination. Any repayment shall include interest calculated in accordance with the methodology set forth in FERC’s regulations at 18 C.F.R. §35.19a(a)(2)(iii) from the date of any payment for Network Upgrades through the date on which the Interconnection Customer receives a repayment of such payment. Interest shall continue to accrue on the repayment obligation so long as this LGIA is in effect. The Interconnection Customer may assign such repayment rights to any person. If the Large Generating Facility fails to achieve commercial operation, but it or another Generating Facility is later constructed and makes use of the Network Upgrades, the Participating TO shall at that time reimburse Interconnection Customer for the amounts advanced for the Network Upgrades. Before any such reimbursement can occur, the Interconnection Customer, or the entity that ultimately constructs the Generating Facility, if different, is responsible for identifying the entity to which reimbursement must be made.

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Repayment of Loans; Evidence of Debt (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Maturity Date.

  • TYPES OF CONTRACT MODIFICATIONS In order to expedite processing of a contract modification, where proposed changes involve more than one category below, each change should be submitted to OGS as a separate request.

  • Amount of Funds; Application of Funds Lender may, at any time, collect and hold Funds in an amount up to, but not in excess of, the maximum amount a lender can require under RESPA. Lender will estimate the amount of Funds due in accordance with Applicable Law. The Funds will be held in an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender will apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender may not charge Borrower for: (i) holding and applying the Funds; (ii) annually analyzing the escrow account; or (iii) verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless Lender and Borrower agree in writing or Applicable Law requires interest to be paid on the Funds, Lender will not be required to pay Borrower any interest or earnings on the Funds. Lender will give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.

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