CURRENT TERMS OF SPECIAL SOURCE BOND Sample Clauses

CURRENT TERMS OF SPECIAL SOURCE BOND. The Borrower acknowledges and agrees that as of the date of the Agent's purchase of the Special Source Bond (i) the unpaid principal balance of the Special Source Bond Obligations bears interest at the "Prime Rate", which is defined in the Special Source Bond as the variable rate established and quoted by Banc One, Cleveland, N.A. as its "prime rate" (the "Special Source Bond Interest Rate"), (ii) accrued interest is payable by the Special Source Bond Issuer on the first day of each February and August of each calendar year until maturity, (iii) the Special Source Bond matures and becomes due and payable in full on February 1, 2006 (the "Special Source Bond Maturity Date"), and (iv) the unpaid principal balance of the Special Source Bond is due and payable in consecutive annual installments on the first day of each February in each year, commencing on February 1, 1998 and continuing on the first day of each February thereafter, up to and including, February 1, 2006 in the following amounts: YEAR OF PAYMENT AMOUNT OF PAYMENT 1998 $ 50,000 1999 $ 65,000 2000 $105,000 2001 $125,000 2002 $115,000 2003 $105,000 2004 $100,000 2005 $ 95,000 2006 $ 95,000
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Related to CURRENT TERMS OF SPECIAL SOURCE BOND

  • ATTACHMENT C STANDARD STATE PROVISIONS FOR CONTRACTS AND GRANTS

  • ATTACHMENT D Standard State Provisions - Architect/Engineer Professional Service Agreement (dated 04/12/2011)

  • ATTACHMENT B FORM OF RELEASE AGREEMENT

  • Attachment A, Scope of Services The scope of services is amended as follows:

  • Terms of Coverage The plan takes effect upon check-in on the booked arrival date to an iTrip unit. All coverage shall terminate upon normal check-out time of the iTrip unit or the departure of the Covered Guest, whichever occurs first.

  • ATTACHMENT A Equity Funds

  • GENERAL SERVICE DESCRIPTION Service Provider currently provides active medical, pharmacy(Rx) and dental administration for coverages provided through Empire and Anthem (medical), Medco(Rx), MetLife(dental) and SHPS (FSA) (Empire, Anthem, Medco, MetLife and SHPS collectively, the “Vendors”) for its U.S. Active, Salaried, Eligible Employees (“Covered Employees”). Service Provider shall keep the current contracts with the Vendors and the ITT CORPORATION SALARIED MEDICAL AND DENTAL PLAN (PLAN NUMBER 502 EIN 00-0000000) and the ITT Salaried Medical Plan and Salaried Dental Plan General Plan Terms (collectively, the “Plans”) and all coverage thereunder in full force through December 31, 2011 for Service Recipient’s Covered Employees. All claims of Service Recipient’s Covered Employees made under the Plans and incurred on or prior to December 31, 2011 the (“2011 Plan Year”) will be adjudicated in accordance with the current contract and Service Provider will continue to take such actions on behalf of Service Recipient’s Covered Employees as if such employees are employees of Service Provider. All medical, dental, pharmacy and FSA claims of Service Recipient’s Covered Employees made under the Plans (the “Claims”) will be paid by the Vendors on behalf of the Service Provider. Service Recipient will pay Service Provider for coverage based on 2011 budget premium rates previously set for the calendar year 2011 and described in the “Pricing” section below. Service Recipient will pay Service Provider monthly premium payments for this service, for any full or partial months, based on actual enrollment for the months covered post-spin using enrollments as of the first (1st) calendar day of the month, commencing on the day after the Distribution Date. Service Recipient will prepare and deliver to Service Provider a monthly self xxxx containing cost breakdown by business unit and plan tier as set forth on Attachment A, within five (5) Business Days after the beginning of each calendar month. The Service Recipient will be required to pay the Service Provider the monthly premium payments within ten (10) Business Days after the beginning of each calendar month. A detailed listing of Service Recipient’s employees covered, including the Plans and enrollment tier in which they are enrolled, will be made available to Service Provider upon its reasonable request. Service Provider will retain responsibility for executing funding of Claim payments and eligibility management with Vendors through December 31, 2013. Service Provider will conduct a Headcount True-Up (as defined below) of the monthly premiums and establish an Incurred But Not Reported (“IBNR”) claims reserve for Claims incurred prior to December 31, 2011 date, but paid after that date, and conduct a reconciliation of such reserve. See “Headcount True-Up” and “IBNR Reconciliation” sections under Additional Pricing for details.

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