Fiscal Year 2006 Payment Clause Samples

Fiscal Year 2006 Payment. To secure payment on or before July 1, 2005 of the Contribution Amount for Fiscal Year 2006, the City will execute, acknowledge, record (after recordation of the Exhibit E Deed of Trust) and deliver to SDCERS, within 20 days of the Court’s entry of a judgment approving the Agreement, a Deed of Trust in form and content as set forth on Exhibit D attached hereto and incorporated herein by reference. Within 20 calendar days after payment of the contribution amount for Fiscal Year 2006, SDCERS will execute and deliver to the trustee under the Exhibit D Deed of Trust a request for full reconveyance thereof.