EARLY TERMINATION BY AGENCY. The Agency may terminate this Funding Agreement at any time by giving the County written notice of its intention to do so. In the event that the Agency chooses to exercise this option, the Agency must repay to the County the full Award Amount plus an additional 5% interest. Upon repayment of the Award Amount and interest, this Funding Agreement will immediately terminate. Upon termination, the County will release any security documents that the County recorded against the Property pursuant to this Funding Agreement.
Appears in 3 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
EARLY TERMINATION BY AGENCY. The Agency may terminate this Funding Agreement at any time by giving the County written notice of its intention to do so. In the event that the Agency chooses to exercise this option, the Agency must repay to the County the full Award Amount plus an additional 5% interest. Upon repayment of the Award Amount and interest, this Funding Agreement will shall immediately terminate. Upon termination, the County will shall release any security documents that the County recorded against the Property pursuant to this Funding Agreement.
Appears in 1 contract
Samples: Funding Agreement
