Loan by the City Sample Clauses

Loan by the City. Subject to the terms and conditions provided in this Agreement and in the Loan Documents, and all applicable laws and regulations, the City agrees to make the Loan to the Borrower and the Borrower agrees to borrow up to Six Hundred Thousand Dollars ($600,000) at zero percent (0%) interest, for a term of not less than (40) years, as specified in the Note.
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Loan by the City. Subject to the terms and conditions provided in this Agreement and in the Loan Documents, and all applicable laws and regulations, the City agrees to make the Loan to the Borrower and the Borrower agrees to borrow up to $950,000.00 at zero percent (0%) interest during the Construction Phase and at two percent (2%) interest during the Permanent Phase, as specified in the Note. The Construction Phase of the Loan shall terminate no more than twenty-four (24) months after the date of execution of this Agreement or after the construction permit is received, whichever is later. Under no circumstances shall the Construction Phase extend beyond September 30, 2014. If, however, the Borrower exercises the option provided in Article V to convert the Loan to a Permanent Loan, the Construction Phase shall expire on the last day immediately preceding the commencement of the Permanent Phase. The Permanent Phase shall be as set forth in Article V. So long as there shall exist no Event of Default or any condition which with the giving of notice or passage of time would constitute an Event of Default, the City agrees to make disbursements to the Borrower against the Note (and each advance hereunder shall be conclusively deemed made against the Note) for construction and development costs approved by the City up to the full Loan amount, in accordance with and subject to the following procedures.
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Loan by the City. Subject to the terms and conditions provided in this Agreement and in the Loan Documents, and all applicable laws and regulations, the City agrees to make the Loan to the Borrower and the Borrower agrees to borrow up to Three Hundred Thousand Dollars ($300,000) at zero percent (0%) interest, for a term of twenty (20) years, as specified in the Note.
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Loan by the City. (a) Subject to the terms and conditions provided in this Agreement and in the Loan Documents, and all applicable laws and regulations, the City agrees to make the Loan to the Borrower and the Borrower agrees to borrow up to $450,000 at zero percent (0%) interest, as specified in the Note. The Construction Phase of the Loan shall terminate no more than twenty four (24) months after the date of execution of this Agreement or after the construction permit is received, whichever is greater. Under no circumstances shall the Construction Phase extend beyond May 31, 2013. If, however, the Borrower exercises the option provided in Article V to convert the Loan to a permanent Loan, the Construction Phase shall expire on the last day immediately preceding the commencement of the Permanent Phase. The Permanent Phase shall be as set forth in Article V. So long as there shall exist no Event of Default or any condition which with the giving of notice or passage of time would constitute an Event of Default, the City agrees to make disbursements to the Borrower against the Note (and each advance hereunder shall be conclusively deemed made against the Note) for construction and development costs approved by the City up to the full Loan amount, in accordance with and subject to the following procedures.
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Related to Loan by the City

  • Acceptance by the City It is expressly understood and agreed that all materials provided and/or work done by the Contractor shall be subject to inspection and acceptance by the City at its discretion, and that any progress inspections and approval by the City of any item or work shall not forfeit the right of the City to require the correction of faulty workmanship or material at any time during the course of the work, although previously approved by oversight. Nothing herein contained shall relieve the Contractor of the responsibility for proper construction and maintenance of the work, materials and equipment required under the terms of this Contract until all work has been completed and accepted by the City.

  • Termination by the City 96.1. In addition to termination pursuant to any other article of this Contract, the Commissioner may, at any time, terminate this Contract by written notice to the Contractor. In the event of termination, the Contractor shall, upon receipt of such notice, unless otherwise directed by the Commissioner:

  • Termination by the Company This Agreement may be terminated by the Company at any time prior to the Effective Time:

  • TERMINATION BY THE CONTRACTOR If the Work is stopped for a period of thirty days under an order of any court or other public authority having jurisdiction, or as a result of an act of government, such as a declaration of a national emergency making materials unavailable, through no act or fault of the Contractor or a Subcontractor or their agents or employees or any other persons performing any of the Work under a contract with the Contractor, or if the Work should be stopped for a period of thirty days by the Contractor because the Architect has not issued a Certificate for Payment as provided in Paragraph 9.7 of these General Conditions or because the State has not made payment thereon as provided in Paragraph 9.7, then the Contractor may, upon seven additional days written notice to the State and the Architect, terminate the Contract and recover from the State payment for all Work executed and for any proven loss sustained upon any materials, equipment, tools, construction equipment and machinery, including reasonable profit and damages.

  • Termination by the Customer The Customer may terminate this Agreement by providing a written notice of termination to the Transfer Agent, specifying the date as of which this Agreement will terminate, which may be any date, including the date such written notice is provided, provided the circumstances described below giving rise to the termination right are continuing at the time of the Transfer Agent’s receipt of such written notice, if as a result of an Event Beyond Reasonable Control:

  • Termination by the State The State or commissioner of Administration may cancel this Professional and Technical Services Master Contract and any Work Authorizations at any time, with or without cause, upon 30 days’ written notice to the Contractor. Upon termination, the Contractor will be entitled to payment, determined on a pro rata basis, for services satisfactorily performed.

  • Modification by the Parties The Parties may by mutual agreement amend the Appendices to this Agreement, by a written instrument duly executed by all three of the Parties. Such an amendment shall become effective and a part of this Agreement upon satisfaction of all Applicable Laws and Regulations.

  • Termination by the Commission The Commission may decide to terminate the agreement, without any indemnity on its part, in the following circumstances:

  • Payment by the Judicial Council A. In accordance with the terms and conditions of this Agreement, the Judicial Council will pay the Contractor the actual cost not to exceed the total Contract Amount, as set forth in Table 1, below, for performing the Work of this Agreement. Payment will be at the prices set forth herein and based upon the actual and allowable cost to perform the Work. Table 1: Description Exhibit Estimated Total Cost Sleeping Rooms C $@,@@@.@@ Meeting and Function Rooms D $@,@@@.@@ Food and Beverage Service E $@,@@@.@@ Miscellaneous Requirements and Expenses F $@,@@@.@@ Total Contract Amount: $@@@@.@@

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