Idaho Apartments Loan Amount Sample Clauses

Idaho Apartments Loan Amount. The outstanding principal balance of the Original Idaho Apartments CDBG Loan as of the date of this Agreement is Four Hundred Seventy Thousand Dollars ($470,000). As of the date of this Agreement the Original Idaho Apartments CDBG Loan has accrued interest from the date of disbursement at a simple interest rate of three percent (3%). The interest accrued to date on the Original Idaho Apartments CDBG Loan is Two Hundred Ninety-Seven Thousand Four Hundred Eighty-Five Dollars ($297,485), which amount is being capitalized into the outstanding principal balance on the Original Idaho Apartments CDBG Loan for a total of Seven Hundred Sixty-Seven Thousand Four Hundred Eighty-Five Dollars ($767,485) (the "Restructured Idaho Apartments CDBG Loan"). The outstanding principal balance of the Original Idaho Apartment HOPWA Loan as of the date of this Agreement is Two Hundred Fifty-Five Thousand Dollars ($255,000). As of the date of this Agreement the Original Idaho Apartments Loan has accrued interest from the date of disbursement at a simple interest rate of three percent (3%). The interest accrued to date on the Original Idaho Apartments Loan is One Hundred Sixty Thousand Three Hundred Ninety-Five Thousand Dollars ($160,395), which amount is being capitalized into the outstanding principal balance on the Original Idaho Apartments Loan for a total of Four Hundred Fifteen Thousand Three Hundred Ninety-Five Dollars ($415,395) (the " Restructured Idaho Apartments HOPWA Loan"). The outstanding principal balance of the Original Idaho Apartments Second HOPWA Loan as of the date of this Agreement is One Hundred Two Thousand Dollars ($102,000). The Restructured Idaho Apartments HOPWA Loan, the Restructured Idaho Apartments CDBG Loan, and the Original Idaho Apartments Second HOPWA Loan are collectively referred to as the "Restructured Idaho Apartments Loan," evidenced by a promissory note executed by Borrower in the amount of the Restructured Idaho Apartments Loan for the benefit of the County (the "Restructured Idaho Apartments Note").
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