Common use of Loan Consummation Clause in Contracts

Loan Consummation. Subject to the conditions and in accordance with the terms of this Financing Agreement, the Authority hereby agrees to make the Loan and the School District hereby agrees to accept and repay the Loan in an aggregate principal amount of up to the Principal Amount at a net interest cost not to exceed the Maximum Rate. Pursuant to Section 3.6 and as evidence of the Loan made to the School District, the School District hereby agrees to issue to or upon the order of the Authority, and to deliver to or upon the order of the Authority, the School District Bonds in an aggregate principal amount of up to the Principal Amount, bearing interest at rates not exceeding the Maximum Rate and expected to mature at the times and in the amounts set forth in Exhibit D hereto. Subject to the provisions of this Article III, the definitive terms of the Loan and the School District Bonds shall be as set forth in the Notice of Terms (a form of which is attached hereto as Exhibit I) delivered by the Authority to the School District. The School District shall have the right to terminate this Agreement not later than April 16, 2021 in which case this Agreement shall be of no further effect. The Authority shall have the right to terminate this Agreement if the School District has not provided the documents set forth in Section 2.1(B) and the following items to the Authority on or prior to April 9, 2021: Evidence of compliance with all requirements of the State Environmental Quality Review Act with respect to the Project; Evidence of publication of the legal notice of estoppel; Copy of required approvals by the State Education Department; and Information in the form requested by the Authority with respect to bond anticipation notes, if any, to be refinanced with the proceeds of the Loan.

Loan Consummation. Subject to the conditions and in accordance with the terms of this Financing Agreement, the Authority hereby agrees to make the Loan and the School District hereby agrees to accept and repay the Loan in an aggregate principal amount of up to the Principal Amount at a net interest cost not to exceed the Maximum Rate. Pursuant to Section 3.6 and as evidence of the Loan made to the School District, the School District hereby agrees to issue to or upon the order of the Authority, and to deliver to or upon the order of the Authority, the School District Bonds in an aggregate principal amount of up to the Principal Amount, bearing interest at rates not exceeding the Maximum Rate and expected to mature at the times and in the amounts set forth in Exhibit D hereto. Subject to the provisions of this Article III, the definitive terms of the Loan and the School District Bonds shall be as set forth in the Notice of Terms (a form of which is attached hereto as Exhibit I) delivered by the Authority to the School District. The School District shall have the right to terminate this Agreement not later than April 1615, 2021 2022 in which case this Agreement shall be of no further effect. The Authority shall have the right to terminate this Agreement if the School District has not provided the documents set forth in Section 2.1(B) and the following items to the Authority on or prior to April 98, 20212022: Evidence of compliance with all requirements of the State Environmental Quality Review Act with respect to the Project; Evidence of publication of the legal notice of estoppel; Copy of required approvals by the State Education Department; and Information in the form requested by the Authority with respect to bond anticipation notes, if any, to be refinanced with the proceeds of the Loan.

Loan Consummation. Subject to the conditions and in accordance with the terms of this Financing Agreement, the Authority hereby agrees to make the Loan and the School District hereby agrees to accept and repay the Loan in an aggregate principal amount of up to the Principal Amount at a net interest cost not to exceed the Maximum Rate. Pursuant to Section 3.6 and as evidence of the Loan made to the School District, the School District hereby agrees to issue to or upon the order of the Authority, and to deliver to or upon the order of the Authority, the School District Bonds in an aggregate principal amount of up to the Principal Amount, bearing interest at rates not exceeding the Maximum Rate and expected to mature at the times and in the amounts set forth in Exhibit D hereto. Subject to the provisions of this Article III, the definitive terms of the Loan and the School District Bonds shall be as set forth in the Notice of Terms (a form of which is attached hereto as Exhibit I) delivered by the Authority to the School District. The School District shall have the right to terminate this Agreement not later than [April 1619, 2021 2019] in which case this Agreement shall be of no further effect. The Authority shall have the right to terminate this Agreement if the School District has not provided the documents set forth in Section 2.1(B) and the following items to the Authority on or prior to [April 912, 20212019]: Evidence of compliance with all requirements of the State Environmental Quality Review Act with respect to the Project; Evidence of publication of the legal notice of estoppel; Copy of required approvals by the State Education Department; and Information in the form requested by the Authority with respect to bond anticipation notes, if any, to be refinanced with the proceeds of the Loan.

Loan Consummation. Subject to the conditions and in accordance with the terms of this Financing Agreement, the Authority hereby agrees to make the Loan and the School District hereby agrees to accept and repay the Loan in an aggregate principal amount of up to the Principal Amount at a net interest cost not to exceed the Maximum Rate. Pursuant to Section 3.6 and as evidence of the Loan made to the School District, the School District hereby agrees to issue to or upon the order of the Authority, and to deliver to or upon the order of the Authority, the School District Bonds in an aggregate principal amount of up to the Principal Amount, bearing interest at rates not exceeding the Maximum Rate and expected to mature at the times and in the amounts set forth in Exhibit D hereto. Subject to the provisions of this Article III, the definitive terms of the Loan and the School District Bonds shall be as set forth in the Notice of Terms (a form of which is attached hereto as Exhibit I) delivered by the Authority to the School District. The School District shall have the right to terminate this Agreement not later than April 1617, 2021 2020 in which case this Agreement shall be of no further effect. The Authority shall have the right to terminate this Agreement if the School District has not provided the documents set forth in Section 2.1(B) and the following items to the Authority on or prior to April 910, 20212020: Evidence of compliance with all requirements of the State Environmental Quality Review Act with respect to the Project; Evidence of publication of the legal notice of estoppel; Copy of required approvals by the State Education Department; and Information in the form requested by the Authority with respect to bond anticipation notes, if any, to be refinanced with the proceeds of the Loan.

Loan Consummation. Subject to the conditions and in accordance with the terms of this Financing Agreement, the Authority hereby agrees to make the Loan and the School District hereby agrees to accept and repay the Loan in an aggregate principal amount of up to the Principal Amount at a net interest cost not to exceed the Maximum Rate. Pursuant to Section 3.6 and as evidence of the Loan made to the School District, the School District hereby agrees to issue to or upon the order of the Authority, and to deliver to or upon the order of the Authority, the School District Bonds in an aggregate principal amount of up to the Principal Amount, bearing interest at rates not exceeding the Maximum Rate and expected to mature at the times and in the amounts set forth in Exhibit D hereto. Subject to the provisions of this Article III, the definitive terms of the Loan and the School District Bonds shall be as set forth in the Notice of Terms (a form of which is attached hereto as Exhibit I) delivered by the Authority to the School District. The School District shall have the right to terminate this Agreement not later than April [August 16], 2021 2022 in which case this Agreement shall be of no further effect. The Authority shall have the right to terminate this Agreement if the School District has not provided the documents set forth in Section 2.1(B) and the following items to the Authority on or prior to April 9[August 3], 20212022: Evidence of compliance with all requirements of the State Environmental Quality Review Act with respect to the Project; Evidence of publication of the legal notice of estoppel; Copy of required approvals by the State Education Department; and Information in the form requested by the Authority with respect to bond anticipation notes, if any, Refunded Obligations to be refinanced with the proceeds of the Loan.

Loan Consummation. Subject to the conditions and in accordance with the terms of this Financing Agreement, the Authority hereby agrees to make the Loan and the School District hereby agrees to accept and repay the Loan in an aggregate principal amount of up to the Principal Amount at a net interest cost not to exceed the Maximum Rate. Pursuant to Section 3.6 and as evidence of the Loan made to the School District, the School District hereby agrees to issue to or upon the order of the Authority, and to deliver to or upon the order of the Authority, the School District Bonds in an aggregate principal amount of up to the Principal Amount, bearing interest at rates not exceeding the Maximum Rate and expected to mature at the times and in the amounts set forth in Exhibit D hereto. Subject to the provisions of this Article III, the definitive terms of the Loan and the School District Bonds shall be as set forth in the Notice of Terms (a form of which is attached hereto as Exhibit I) delivered by the Authority to the School District. The School District shall have the right to terminate this Agreement not later than April 16September 8, 2021 2017 in which case this Agreement shall be of no further effect. The Authority shall have the right to terminate this Agreement if the School District has not provided the documents set forth in Section 2.1(B) and the following items to the Authority on or prior to April 9September 8, 20212017: Evidence of compliance with all requirements of the State Environmental Quality Review Act with respect to the Project; Evidence of publication of the legal notice of estoppel; Copy of required approvals by the State Education Department; and Information in the form requested by the Authority with respect to bond anticipation notes, if any, Refunded Obligations to be refinanced with the proceeds of the Loan.