GRANT REPAYMENT Sample Clauses

GRANT REPAYMENT. 47 The whole or any part of the HE Grant (in so far as it shall have been paid) shall become repayable by the Council to Historic England (and Historic England reserve the right to withdraw any future payments of the HE Grant) if in Historic England’s reasonable opinion:
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GRANT REPAYMENT. [ORGANIZATION] agrees to fully repay the Recoverable Grant to the Foundation on or before [date] (the “Repayment Date”). [ORGANIZATION] may make periodic repayments of the Recoverable Grant to the Foundation at any time during the [#] grant period. The Foundation will send an invoice to [ORGANIZATION] 90 days before the Repayment Date of the Recoverable Grant.
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GRANT REPAYMENT. A breach by the Landlord of its obligations or representations and warranties under this Agreement, or a breach by the Landlord of the Lease Amendment shall constitute a breach of this Agreement, and in the event of such any such breach, the Landlord shall forfeit all rights in and to the Grant Award and must repay the amount awarded in full to the Grantor within thirty (30) days of notification of such breach. In the event of breach by Tenant of this Agreement or the Lease Amendment, Tenant shall repay the Grantor the Grant Award in full within thirty (30) days of notification of such breach.
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GRANT REPAYMENT. 11.1 The whole or any part of the HE Grant (in so far as it shall have been paid) shall become repayable by the Lead Partner to Historic England (and Historic England reserve the right to withdraw any future payments of the HE Grant) if in Historic England’s reasonable opinion: 11.1.1 the Lead Partner’s application for grant or other material subsequently submitted to Historic England is shown to have been completed fraudulently or materially misleading or inaccurate information has been provided to Historic England; 11.1.2 the Lead Partner has acted negligently or fraudulently in connection with this Agreement; 11.1.3 the HE Grant has been used for ineligible costs; 11.1.4 payments of the HE Grant to the Council or grants paid to Recipients by the Council breach the Subsidy Rules; or 11.1.5 the Lead Partner cease to exist or are declared bankrupt or are placed into receivership or liquidation or are the subject of an administration order. 11.2 The Lead Partner agrees that upon receipt of notice requiring repayment the Lead Partner shall repay the sums required within 20 days of receipt of such notice, unless otherwise agreed with Historic England in writing. 11.3 Where the Lead Partner recovers any grant monies from a Recipient due to a breach by the Recipient of its obligations under a grant agreement or otherwise, it shall return to Historic England the recovered monies provided to the Recipient, unless otherwise agreed with Historic England in writing. The Lead Partner shall repay the sum to Historic England within a period of 20 days after it has received the monies from the Recipient, unless otherwise agreed with Historic England in writing.
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GRANT REPAYMENT. (a) To the extent that Purchaser is required to make any repayments or payments in connection with the provisions in the Xxxxxx-Xxxxx Xxxxx Appendix C, Seller will be obligated to pay 50% of any such amount. (b) To the extent any receivable relating to the Maryland Grant is not collected within six months of Closing, Seller will reimburse Purchaser on a dollar for dollar basis after reserve for bad debt on the Closing Balance Sheet is exhausted. This provision is not subject to the Deductible.
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GRANT REPAYMENT. 11.1 If AGRA determines that an amount of the Grant Funds has been used in a manner inconsistent with the provisions of this Agreement, the Grantee shall, upon notice by AGRA to the Grantee, promptly refund such amount to AGRA. Such inconsistent use shall include, without limitation: (i) use of such amount to make a payment for an expenditure that is not an eligible expense; or (ii) engaging in corrupt, fraudulent, collusive or coercive practices in connection with the use of such amount; or (iii) use of such amount to finance a contract during the procurement or execution of which corrupt and/or unethical practices were engaged in by representatives of the Grantee, in either case without the Grantee having taken timely and appropriate action satisfactory to AGRA to address such corrupt and/or unethical practices when they occur. 11.2 The amounts to be repaid under clause 11.1 may be deducted by AGRA from subsequent disbursements of the grant funds.
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GRANT REPAYMENT. 1. Should the Grantee, without the prior consent of BIM, sell, transfer, alienate or otherwise dispose of the grant aided asset(s) the Grantee shall and repay to BIM so much of the said Grant-in-aid in the proportion to which the unexpired portion of the term of five years bears to the full term of five years at the date of the happening or event giving rise to such repayment and such monies shall be recoverable by BIM from the Grantee as a simple contract debt; 2. The Grantee must continue to comply with the rules of the CFP throughout the period of implementation of the project and for a period of five years after the final payment to the beneficiary. If it is determined by BIM that a beneficiary has committed one or more of the infringements set out in Article 11(1) of Regulation (EU) No 1139/2021 during those periods and has as a consequence become inadmissible to apply for aid, the aid must be reimbursed by the beneficiary. 3. A Grantee who has benefited from earlier unlawful aid declared incompatible by a Commission Decision (either as an individual aid or an aid under an aid scheme being declared incompatible) shall not be eligible for aid under this scheme until that applicant has reimbursed or paid into a blocked account the total amount of unlawful and incompatible aid and the corresponding recovery interest. 4. If Grantee breaches any of the terms of Circular 13/14 as set out in Clauses 4.7, 4.8, 4.9, 4.10, 4.11, 4.12, 6.7 and 6.8 of this Agreement, they will be liable to and hereby agree to repay the Grant in full.
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GRANT REPAYMENT. If a project fails to substantially provide the public benefits listed in the grant application within five years from the date of the grant award, the commissioner may require that 100 percent of the grant amount be repaid by the development authority over a term not to exceed ten years. The commissioner may exercise discretion to require repayment of only a portion of the grant amount taking into account the public benefits generated by the completed development.
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GRANT REPAYMENT. At the end of the Term, the total of the cumulative Annual Job Credits will be subtracted from the Grant Amount. Any balance shall be repaid to the Fund within 90 days of the end of the Term (the “Repayment”), and any amount not paid within this time period shall then carry interest at the rate of 7% per annum until paid. If there is no balance, then the Applicant shall be considered as having satisfied its obligations under the Grant and this Agreement and no repayment shall be due.
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Related to GRANT REPAYMENT

  • Optional Repayment If so indicated in the Accumulation Fund Schedule, GLAIC shall pay to the Policyholder the amount the Policyholder needs to redeem or repay any notes or other instruments issued by the Policyholder and backed by this Policy, pursuant to any limited right of redemption or repayment contained in such note or instrument. GLAIC may require reasonable evidence that the redemption or repayment request satisfies all the terms and conditions described in the prospectus, prospectus supplement and/or pricing supplement applicable to such note or other instrument. Additional restrictions, if any, on the Policyholder’s reimbursement rights under this Section may be included in the Accumulation Fund Schedule.

  • Optional Repayments The Borrower may at any time and from time to time repay the Revolving Credit Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Business Day's irrevocable notice with respect to Base Rate Loans, in the form attached hereto as Exhibit D (a "Notice of Prepayment") specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans.

  • Mandatory Prepayment Upon an Acceleration If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Loan Repayment Upon the terms and conditions of this Agreement, the Issuer agrees to make the Loan to the Company. The proceeds of the Loan shall be deposited with the Trustee pursuant to Section 3.3 hereof. In consideration of and in repayment of the Loan, the Company shall make, as Loan Payments, to the Trustee for the account of the Issuer, payments which correspond, as to time, and are equal in amount as of the Loan Payment Date, to the corresponding Bond Service Charges payable on the Bonds. All Loan Payments received by the Trustee shall be held and disbursed in accordance with the provisions of the Indenture and this Agreement for application to the payment of Bond Service Charges. The Company shall be entitled to a credit against the Loan Payments required to be made on any Loan Payment Date to the extent that the balance of the Bond Fund is then in excess of amounts required (a) for the payment of Bonds theretofore matured or theretofore called for redemption, or to be called for redemption pursuant to Section 6.1 hereof (b) for the payment of interest for which checks or drafts have been drawn and mailed by the Trustee or Paying Agent, and (c) to be deposited in the Bond Fund by the Indenture for use other than for the payment of Bond Service Charges due on that Loan Payment Date. Except for such interest of the Company as may hereafter arise pursuant to Section 8.2 hereof or Sections 5.06 or 5.07 of the Indenture, the Company and the Issuer each acknowledge that neither the Company, the State nor the Issuer has any interest in the Bond Fund or the Bond Purchase Fund, and any moneys deposited therein shall be in the custody of and held by the Trustee in trust for the benefit of the Holders.

  • Early Repayment The borrower is entitled to repay the loan including accumulated interest in one lump sum at any time, including before the end of the term of the loan. A prepayment penalty shall not be due. The lender is entitled to recall the loan effective immediately, if the borrowers’ financial circumstances deteriorate considerably, thus putting the claim of repayment at risk.

  • Repayment Schedule Repayments shall be made semiannually (twice per year). The Semiannual Loan Payment shall be computed based upon the principal amount of the Loan plus the estimated Loan Service Fee and the principle of level debt service. The Semiannual Loan Payment amount may be adjusted, by amendment of this Agreement, based upon revised information. After the final disbursement of Loan proceeds, the Semiannual Loan Payment shall be based upon the actual Project costs, the actual Loan Service Fee and the Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments. Actual Project costs shall be established after the Department's inspection of the completed Project and associated records. The Department will deduct the Loan Service Fee and any associated interest from the first available repayments following the Final Amendment. Each Semiannual Loan Payment shall be in the amount of $140,599 until the payment amount is adjusted by amendment. The interest portion of each Semiannual Loan Payment shall be computed on the unpaid balance of the principal amount of the Loan, including Capitalized Interest. Interest also shall be computed on the unpaid balance of the Loan Service Fee. Interest shall be computed as of the due date of each Semiannual Loan Payment. Semiannual Loan Payments shall be received by the Department beginning on October 15, 2021 and semiannually thereafter on April 15 and October 15 of each year until all amounts due hereunder have been fully paid. Funds transfer shall be made by electronic means. The Semiannual Loan Payment amount is based on the total amount to be repaid of $5,105,900, which consists of the Loan principal and the estimated Loan Service Fee.

  • Notice of Optional Prepayment The Company shall give the holder of each Note of a Series to be prepaid pursuant to paragraph 4C irrevocable written notice of such prepayment not less than 10 Business Days prior to the prepayment date, specifying such prepayment date, the aggregate principal amount of the Notes of such Series to be prepaid on such date, the principal amount of the Notes of such Series held by such holder to be prepaid on that date and that such prepayment is to be made pursuant to paragraph 4C. Notice of prepayment having been given as aforesaid, the principal amount of the Notes specified in such notice, together with interest thereon to the prepayment date and together with the Yield-Maintenance Amount, if any, herein provided, shall become due and payable on such prepayment date. The Company shall, on or before the day on which it gives written notice of any prepayment pursuant to paragraph 4C, give telephonic notice of the principal amount of the Notes to be prepaid and the prepayment date to each Significant Holder which shall have designated a recipient for such notices in the Purchaser Schedule attached hereto or the applicable Confirmation of Acceptance or by notice in writing to the Company.

  • Redemption; Repayment; Acceleration In the event a Discount Note is redeemed, repaid or accelerated, the amount payable to the Holder of such Discount Note will be equal to the sum of: (A) the Issue Price (increased by any accruals of Discount); and (B) any unpaid interest accrued on such Discount Note to the Maturity Date (“Amortized Face Amount”). Unless otherwise specified on the face hereof, for purposes of determining the amount of Discount that has accrued as of any date on which a redemption, repayment or acceleration of maturity occurs for a Discount Note, a Discount will be accrued using a constant yield method. The constant yield will be calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between Interest Payment Dates for the applicable Discount Note (with ratable accruals within a compounding period), a coupon rate equal to the initial coupon rate applicable to the applicable Discount Note and an assumption that the maturity of such Discount Note will not be accelerated. If the period from the date of issue to the first Interest Payment Date for a Discount Note (the “Initial Period”) is shorter than the compounding period for such Discount Note, a proportionate amount of the yield for an entire compounding period will be accrued. If the Initial Period is longer than the compounding period, then the period will be divided into a regular compounding period and a short period with the short period being treated as provided above.

  • Mandatory Repayment The aggregate principal amount of the Loans outstanding on the Maturity Date, together with accrued but unpaid interest thereon, shall be due and payable in full on the Maturity Date.

  • Termination; Repayment The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

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