HTF Loan Sample Clauses

HTF Loan. Wichita GP irrevocably and unconditionally guarantees and covenants that the Partnership shall obtain the HTF Loan on the terms set forth in the Financing Summary concurrently with the execution of this Agreement. Wichita GP has obtained the Consent of AHF to the terms and forms of the HTF Loan Documents.

HTF Loan. ADFA will provide a construction and permanent loan to the Project through HTF funding (the “HTF Loan”). The HTF Loan will be evidenced by a promissory note in a form acceptable to ADFA (the “Note”). Absent any default, interest will accrue on the HTF Loan at an annual rate of zero percent (0%), with equal amortizing payments of principal and interest as set forth in the Note, to be paid monthly commencing one year after the place-in- service date and continuing for a term of [NUMBER OF YEARS] years; provided that interest shall not begin to accrue on any HTF Loan funds advanced until one year after the placed-in-service date, when the first monthly payment of principal and interest under the Note is due.