Common use of General Prepayment Instructions Clause in Contracts

General Prepayment Instructions. Upon the TIFIA Lender’s receipt of confirmation that payment in full of the entire Outstanding TIFIA Loan Balance and any unpaid interest and fees with respect thereto has occurred as a result of a mandatory or optional prepayment, the TIFIA Lender shall surrender the TIFIA Bond to the Borrower or its representative at the principal office of the TIFIA Lender. If the Borrower prepays only part of the unpaid balance of principal of such TIFIA Bond, the TIFIA Lender may make a notation on Exhibit G indicating the amount of principal of and interest on such TIFIA Bond then being prepaid. Absent manifest error, the TIFIA Lender’s determination of such matters as set forth on Exhibit G shall be conclusive evidence thereof; provided, however, that neither the failure to make any such recordation nor any error in such recordation shall affect in any manner the Borrower’s obligations hereunder or under any other TIFIA Loan Document. All such partial prepayments of principal shall be applied to reduce future payments due on the TIFIA Bond in inverse order of maturity. If said monies shall not have been so paid on the prepayment date, such principal amount of such TIFIA Bond shall continue to bear interest until payment thereof at the rate provided for in Section 6 (Interest Rate).

General Prepayment Instructions. Upon the TIFIA Lender’s receipt of confirmation that payment in full of the entire Outstanding TIFIA Loan Balance and any unpaid interest and fees with respect thereto has occurred as a result of a mandatory or optional prepayment, the TIFIA Lender shall surrender the TIFIA Bond to the Borrower or its representative at the principal office of the TIFIA Lender. If the Borrower prepays only part of the unpaid balance of principal of such TIFIA Bond, the TIFIA Lender may make a notation on Exhibit G indicating the amount of principal of and interest on such TIFIA Bond then being prepaid. Absent manifest error, the TIFIA Lender’s determination of such matters as set forth on Exhibit G shall be conclusive evidence thereof; provided, however, that neither the failure to make any such recordation nor any error in such recordation shall affect in any manner the Borrower’s obligations hereunder or under any other TIFIA Loan Document. All such partial prepayments of principal shall be applied to reduce future payments due on the TIFIA Bond in inverse order of maturity. maturity [or, to the extent any such prepayment occurs prior to the Level Payment Commencement Date, to reduce each Fixed Level Payment ratably by an equal amount].82 If said monies shall not have been so paid on the prepayment date, such principal amount of such TIFIA Bond shall continue to bear interest until payment thereof at the rate provided for in Section 6 (Interest Rate). .

General Prepayment Instructions. Upon the TIFIA LenderXXXXX Xxxxxx’s receipt of confirmation that payment in full in immediately available funds of the entire Outstanding TIFIA WIFIA Loan Balance with respect to any WIFIA Loan and any unpaid interest interest, fees and fees expenses with respect thereto has occurred as a result of a mandatory or optional prepayment, the TIFIA WIFIA Lender shall surrender the TIFIA corresponding WIFIA Bond to the Borrower Trustee or its representative at the principal corporate office of the TIFIA LenderTrustee. If the Borrower prepays only part of the unpaid balance of principal of such TIFIA Bondany WIFIA Loan, the TIFIA WIFIA Lender may make a notation on Exhibit G B (WIFIA Debt Service) attached to the applicable WIFIA Loan Agreement, indicating the amount of principal of and interest on such TIFIA Bond WIFIA Loan then being prepaid. Absent manifest error, the TIFIA LenderXXXXX Xxxxxx’s determination of such matters as set forth on such Exhibit G B (WIFIA Debt Service) shall be conclusive evidence thereof; provided, however, provided that neither the failure to make any such recordation nor any error in such recordation shall affect in any manner the Borrower’s obligations hereunder or under any other TIFIA WIFIA Loan Document. All such partial prepayments of principal shall be applied to reduce future payments due on the TIFIA Bond applicable WIFIA Loan in any order of maturity as directed by written notice given by the Borrower to the XXXXX Xxxxxx at or prior to such prepayment (and in the absence of any such written direction from the Borrower, in the inverse order of maturity). If said monies shall such funds have not have been so paid on the prepayment date, such principal amount of such TIFIA Bond WIFIA Loan shall continue to bear interest until payment thereof at the rate provided for in Section 6 (Interest Rate)the applicable WIFIA Loan Agreement.

General Prepayment Instructions. Upon the TIFIA Lender’s receipt of confirmation that payment in full of the entire Outstanding TIFIA Loan Balance and any unpaid interest and fees with respect thereto has occurred as a result of a mandatory or optional prepayment, the TIFIA Lender shall surrender the TIFIA Bond to the Borrower or its representative at the principal office of the TIFIA Lender. If the Borrower prepays only part of the unpaid balance of principal of such TIFIA Bond, the TIFIA Lender may make a notation on Exhibit G indicating the amount of principal of and interest on such TIFIA Bond then being prepaid. Absent manifest error, the TIFIA Lender’s determination of such matters as set forth on Exhibit G shall be conclusive evidence thereof; provided, however, that neither the failure to make any such recordation nor any error in such recordation shall affect in any manner the Borrower’s obligations hereunder or under any other TIFIA Loan Document. All such partial prepayments of principal shall be applied to reduce future payments due on the TIFIA Bond in inverse order of maturity. maturity [or, to the extent any such prepayment occurs prior to the Level Payment Commencement Date, to reduce each Fixed Level Payment ratably by an equal amount].84 If said monies shall not have been so paid on the prepayment date, such principal amount of such TIFIA Bond shall continue to bear interest until payment thereof at the rate provided for in Section 6 (Interest Rate). .

General Prepayment Instructions. Upon the TIFIA LenderXXXXX Xxxxxx’s receipt of confirmation that payment in full of the entire Outstanding TIFIA Loan Balance and any unpaid interest and fees with respect thereto has occurred as a result of a mandatory or an optional prepayment, the TIFIA Lender XXXXX Xxxxxx shall surrender the TIFIA Bond Note to the Borrower or its representative at the principal office of the TIFIA LenderLender or certify to the Borrower that the TIFIA Note has been destroyed in accordance with the XXXXX Xxxxxx's procedures. If the Borrower prepays only part of the unpaid balance of principal of the TIFIA Loan, such partial prepayments of principal shall be applied to reduce future payments due on the TIFIA BondLoan in inverse order of maturity. Following any partial prepayment of the TIFIA Loan, the TIFIA Lender may make provide to the Borrower a notation on modified Exhibit G indicating the amount of principal of pursuant to Section 7 (Outstanding TIFIA Loan Balance; Revisions to Exhibit G and interest on such TIFIA Bond then being prepaidLoan Amortization Schedule). Absent manifest error, the TIFIA LenderXXXXX Xxxxxx’s determination of such matters as set forth on Exhibit G shall be conclusive evidence thereof; provided, however, that neither the failure to make any such recordation nor any error in such recordation shall affect in any manner the Borrower’s obligations hereunder or under any other TIFIA Loan Document. All such partial prepayments Any principal amount of principal shall be applied to reduce future payments due on the TIFIA Bond Loan that is subject to a voluntary prepayment notice (as described in inverse order of maturity. If said monies shall Section 10(a) above) but that is not have been so paid on the applicable prepayment date, such principal amount of such TIFIA Bond date shall continue to bear interest until payment thereof at the rate provided for in Section 6 (Interest Rate).