Common use of Loan by the City Clause in Contracts

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.

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 Four Hundred Forty Seven Thousand Eight Hundred Six Hundred Thousand Dollars ($600,000447,806) at zero percent (0%) interest, for a term of not less than twenty (4020) years, as specified in the Note.

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 One Hundred Forty Two Thousand Five Hundred Eighty Nine Dollars ($600,000142,589) at zero percent (0%) interest, for a term of not less than fifteen (4015) years, as specified in the Note.

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 One Million One Hundred Sixty Three Thousand Four Hundred Seventy Seven Dollars ($600,0001,163,477.00) at zero percent (0%) interest, for a term of not less than twenty (4020) years, as specified in the Note.

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 Seventy Nine Thousand Five Hundred Thousand Twenty Eight Dollars ($600,00079,528.00) at zero percent (0%) interest, for a term of not less than fifteen (4015) years, as specified in the Note.

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) 250,000 at zero percent (0%) interest, for a term of not less than three (403) years, as specified in the NoteNotes. The borrower will execute a separate Note and Deed of Trust for each property acquired; with the aggregate total for a minimum of eight (8) properties not to exceed $250,000.

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 One Hundred Ninety Seven Thousand Eight Hundred Thirty Eight Dollars ($600,000197,838) at zero percent (0%) interest, for a term of not less than fifteen (4015) years, as specified in the Note.