Early Housing Stability Success Payments Sample Clauses

Early Housing Stability Success Payments. (a) If this Contract is terminated prior to the end of the Project Term due to a Termination Event, the City shall request that, within ninety (90) Days of such termination, or if Housing Stability Success Payments include the three month wind down period after termination as described in paragraph (b) below, within ninety (90) days after the end of such wind-down period, the Independent Evaluator submit to the City, the SPV and the Lenders a Housing Stability Outcomes Report calculating the Housing Stability Success Payments that have accrued in accordance with Section 4.02 as of the date of the Termination Event, if any (the “Early Housing Stability Success Payments”); provided, however, that if the Termination Event is caused solely due to the actions or inactions of the City, the minimum requirement set forth in Section 4.02(a)(i) shall be waived. Within forty-five (45) days of receipt of such Housing Stability Outcomes Report, the City shall deposit into the SPV Operating Account funds sufficient to pay the Early Housing Stability Success Payments that have been earned for the period ending on that last date covered by such report and not previously paid by the City, if any. Within five (5) Business Days of the City’s deposit of any such funds into the SPV Operating Account, the SPV shall disburse such Early Housing Stability Success Payments to the Lenders pursuant to the terms and conditions of the Loan Documents. The dispute resolution process outlined in Section 4.02(g), if applicable, shall apply.
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