Development Default. A Development Default shall occur, in which case the TIFIA Lender may (A) suspend the disbursement of TIFIA Loan proceeds under this Agreement and (B) pursue such other remedies as provided in this Section 20 (Events of Default and Remedies). If so requested by the TIFIA Lender in connection with a Development Default, the Borrower shall immediately repay any unexpended TIFIA Loan proceeds previously disbursed to the Borrower.
Appears in 3 contracts
Samples: Tifia Loan Agreement, Tifia Loan Agreement, Tifia Loan Agreement
Development Default. A Development Default shall occur, in which case the TIFIA Lender may (A) suspend the disbursement of TIFIA Loan proceeds under this Agreement and (B) pursue such other remedies as provided in this Section 20 (Events of Default and Remedies)20. If so requested by the TIFIA Lender in connection with a Development Default, the Borrower shall immediately repay any unexpended TIFIA Loan proceeds previously disbursed to the Borrower.;
Appears in 2 contracts
Samples: Tifia Loan Agreement, Tifia Loan Agreement
Development Default. A Development Default shall occur, in which case the TIFIA Lender may (A) suspend the disbursement of TIFIA Loan proceeds under this Agreement and (B) pursue such other remedies as provided in this Section 20 19 (Events of Default and Remedies). If so requested by the TIFIA Lender in connection with a Development Default, the Borrower shall immediately repay any unexpended TIFIA Loan proceeds previously disbursed to the Borrower.
Appears in 1 contract
Samples: Tifia Loan Agreement
Development Default. A Development Default shall occur, in which case the TIFIA Lender may (A) suspend the disbursement of TIFIA Loan proceeds under this Agreement and (B) pursue such other remedies as provided in this Section 20 (Events of Default and Remedies)19. If so requested by the TIFIA Lender XXXXX Xxxxxx in connection with a Development Default, the Borrower shall immediately repay any unexpended TIFIA Loan proceeds previously disbursed to the Borrower.;
Appears in 1 contract
Samples: Tifia Loan Agreement
Development Default. A Development Default shall occur, in which case the TIFIA Lender may (A) suspend terminate this Agreement and/or any commitment or agreement by the disbursement of TIFIA Lender to make a TIFIA Loan proceeds under this Agreement in respect of the Project and (B) pursue such other remedies as provided in this Section 20 (Events of Default and Remedies)20. If so requested by the TIFIA Lender in connection with a Development Default, the Borrower shall immediately repay any unexpended TIFIA Loan proceeds previously disbursed to the Borrower.;
Appears in 1 contract
Samples: Tifia Loan Agreement