Common use of FINANCING RATE Clause in Contracts

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in Section 10.01 is 0.07 percent per annum. However, if this Agreement is not executed by the Project Sponsor and returned to the Department before October 1, 2020, the Financing Rate may be adjusted.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Construction Loan Agreement

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FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in Section 10.01 is 0.07 0.43 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. The interest rate is 0.215 percent per annum and the Grant Allocation Assessment rate is 0.215 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Borrower and returned to the Department before October July 1, 20202018, the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: Clean Water State Revolving Fund Construction Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in in Section 10.01 is 0.07 0 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. The interest rate is 0 percent per annum and the Grant Allocation Assessment rate is 0 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Government and returned to the Department before October April 1, 2020, 2021 the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: State Revolving Fund Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in in Section 10.01 is 0.07 0 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. The interest rate is 0 percent per annum and the Grant Allocation Assessment rate is 0 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Government and returned to the Department before October January 1, 2020, 2021 the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: Clean Water State Revolving Fund Construction Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in in Section 10.01 is 0.07 0.15 percent per annum. However, if this Agreement is not executed by the Project Sponsor and returned to the Department before October July 1, 20202022, the Financing Rate may be adjusted.

Appears in 1 contract

Samples: Drinking Water State Revolving Fund Construction Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in Section 10.01 is 0.07 1.04 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. The interest rate is 0.52 percent per annum and the Grant Allocation Assessment rate is 0.52 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Government and returned to the Department before October January 1, 2020, 2018 the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: State Revolving Fund Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in Section 10.01 is 0.07 0.56 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Borrower and returned to the Department before October July 1, 20202017, the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: Clean Water State Revolving Fund Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in in Section 10.01 is 0.07 .67 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. The interest rate is .337 percent per annum and the Grant Allocation Assessment rate is .337 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Government and returned to the Department before October January 1, 20202016, the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: Clean Water State Revolving Fund Construction Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in Section 10.01 is 0.07 0.72 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. The interest rate is 0.36 percent per annum and the Grant Allocation Assessment rate is 0.36 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Government and returned to the Department before October April 1, 20202021, the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: State Revolving Fund Loan Agreement

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FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in Section 10.01 is 0.07 0.00 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. The interest rate is 0.00 percent per annum and the Grant Allocation Assessment rate is 0.00 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Government and returned to the Department before October January 1, 2020, 2017 the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: Clean Water State Revolving Fund Construction Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in in Section 10.01 is 0.07 0 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. However, if this Agreement is not executed by the Project Sponsor Local Government and returned to the Department before October April 1, 2020, 2018 the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: Clean Water State Revolving Fund Construction Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in Section 10.01 is 0.07 1.27 percent per annum. However, if this Agreement is not executed by the Project Sponsor and returned to the Department before October January 1, 2020, the Financing Rate may be adjusted.

Appears in 1 contract

Samples: State Revolving Fund Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in in Section 10.01 is 0.07 0 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. The interest rate is 0 percent per annum and the Grant Allocation Assessment rate is 0 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Government and returned to the Department before October April 1, 20202018, the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: Clean Water State Revolving Fund Construction Loan Agreement

FINANCING RATE. The Financing Rate on the unpaid principal of the Loan amount specified in in Section 10.01 is 0.07 0 percent per annum. The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate. The interest rate is 0 percent per annum and the Grant Allocation Assessment rate is 0 percent per annum. However, if this Agreement is not executed by the Project Sponsor Local Government and returned to the Department before October January 1, 20202021, the Financing Rate may be adjusted. A new Financing Rate shall be established for any funds provided by amendment to this Agreement.

Appears in 1 contract

Samples: Clean Water State Revolving Fund Construction Loan Agreement

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