Loan Assistance. MIDOCS shall provide to Resident for the sole purpose of the repayment of Resident’s medical education student loans a total amount not to exceed Seventy-Five Thousand Dollars ($75,000.00) (“Loan Assistance Amount”). Payment shall be made by MIDOCS directly to Resident in three lump sum payments based on the submission of proof of qualifying loans. The first payment will be $5,000 upon receipt of a copy of Resident’s signed employment contract for their Practice Requirement. The second payment will be up to $35,000 (or the lesser of the current balance on qualifying loans) at the start of the first year of the two-year Practice Requirement. The final payment will be up to $35,000 (or the lesser of the current balance on qualifying loans) upon verified completion of the first year of the Practice Requirement, and at the start of the second year. Resident will be required to provide proof that payments have been applied to qualified loans.
Loan Assistance. MIDOCS shall provide to Resident for the sole purpose of the repayment of Resident’s medical education student loans a total amount not to exceed Seventy-Five Thousand Dollars ($75,000.00) (“Loan Assistance Amount”). Payment shall be made by MIDOCS directly to Resident in three lump sum payments based on the submission of proof of qualifying loans. The first payment will be $5,000 upon receipt of a copy of Resident’s signed employment contract. The second payment will be up to $35,000 (or the lesser of the current balance on qualifying loans) at the start of the first year of the two year Practice Requirement. The final payment will be up to $35,000 (or the lesser of the current balance on qualifying loans) upon verified completion of the first year of the Practice Requirement, and at the start of the second year. Resident will be required to provide proof that payments have been applied to qualified loans.
Loan Assistance. Of the amount’’;
Loan Assistance. At the recommendation of the district and approval of the director, an applicant may receive funding in the form of a grant to pay the interest accruing on construction debt during the period of construction and prior to the issuance of post construction permanent financing by the commission. To qualify for this grant, construction must have commenced within three years prior to the date of the project agreement. This grant may be applied for as part of a project which is eligible for a grant, loan or combination of a grant and loan, but requires a separate application to be submitted to the commission for consideration.
Loan Assistance. MIDOCS shall pay to [Institution/Resident] for the sole purpose of the repayment of Resident’s medical education student loans in the total amount not to exceed Seventy-Five Thousand Dollars ($75,000.00) (“Loan Assistance Amount”). Payment shall be made by MIDOCS [insert appropriate language from A. or B. below]. directly to Institution, and Institution shall in turn pay Resident the Loan Assistance Amount
Loan Assistance. MIDOCS shall provide to Resident for the sole purpose of the repayment of Resident’s medical education student loans a total amount not to exceed Seventy-Five Thousand Dollars ($75,000.00) (“Loan Assistance Amount”). Payment shall be made by MIDOCS directly to Resident in three lump sum payments based on the submission of proof of qualifying loans. The first payment will be $5,000 upon receipt of a copy of Resident’s signed employment contract for their Practice Requirement. The second payment will be up to $35,000 (or the lesser of the current balance on qualifying loans) at the start of the first year of the two-year Practice Requirement. The final payment will be up to $35,000 (or the lesser of the current balance on qualifying loans) upon verified completion of the first year of the Practice Requirement, and at the start of the second year. Resident will be required to provide proof that payments have been applied to qualified loans. Completion of MIDOCS Program. Resident must commence the Program no later than 7/1/____ and must complete the Program by no later than 6/30/__. Resident must commence the two years of practice in an underserved Community no later than 7/31/__ and complete the two years of practice no later than 7/31/__, unless adjustment of dates is mutually agreed to by all parties. Material Inducement. MIDOCS, Program and Institution each agrees to enter into this Addendum with Resident based on Resident’s voluntary assertions and representations that Resident will complete the Practice Requirement. Such representation is a material inducement for MIDOCS, Program and Institution to enter into this Addendum and to agree to provide such educational opportunity to Resident. It is further understood and agreed that without such commitment by Resident neither MIDOCS, Program nor Institution would enter into this Addendum.
Loan Assistance. Notwithstanding any provision in the Agreement to the contrary, Inno shall no longer have any obligation or responsibility to assist the Assignee Client in obtaining any construction loan related to the Project. Sections 1.1.11 and 1.5 of the Agreement are entirely removed.
