Common use of Manner of Repayment Clause in Contracts

Manner of Repayment. Payment of the principal, interest and Administrative Fee, shall be made by immediately available funds or mailed and/or made available to the Department no later than the applicable payment date at the following address:‌ P. O. Xxx 0000 Xxxxx Xxxxx, Xxxxxxxxx 00000-0000 or such other address as may be designated by the Department, without presentation or surrender of the Bond, except upon final payment. If acceptable to the Department, the City may make arrangements to make such payments by wire transfer of immediately available funds. Payments with respect to the Bond shall be applied first to the interest due to the date of payment, next to principal and thereafter to the Administrative Fees and other amounts payable on the Loan and the payment of principal and interest shall be recorded on a payment record to be kept and maintained by the Department.

Manner of Repayment. Payment of the principal, interest and Administrative Fee, shall be made by immediately available funds or mailed and/or made available to the Department no later than the applicable payment date at the following address:‌ P. O. Xxx 0000 Xxxxx Xxxxx, Xxxxxxxxx 00000-0000 or such other address as may be designated by the Department, without presentation or surrender of the BondBonds, except upon final payment. If acceptable to the Department, the City may make arrangements to make such payments by wire transfer of immediately available funds. Payments with respect to the Bond Bonds shall be applied first to the interest due to the date of payment, next to principal and thereafter to the Administrative Fees and other amounts payable on the Loan and the payment of principal and interest shall be recorded on a payment record to be kept and maintained by the Department.

Manner of Repayment. Payment of the principal, interest and Administrative Fee, shall be made by immediately available funds or mailed and/or made available to the Department no later than the applicable payment date at the following address:‌ address: P. O. Xxx 0000 Xxxxx Xxxxx, Xxxxxxxxx 00000-0000 or such other address as may be designated by the Department, without presentation or surrender of the Bond, except upon final payment. If acceptable to the Department, the City may make arrangements to make such payments by wire transfer of immediately available funds. Payments with respect to the Bond shall be applied first to the interest due to the date of payment, next to principal and thereafter to the Administrative Fees and other amounts payable on the Loan and the payment of principal and interest shall be recorded on a payment record to be kept and maintained by the Department.

Manner of Repayment. Payment of the principal, interest and Administrative Fee, shall be made by immediately available funds or mailed and/or made available to the Department no later than the applicable payment date at the following address:‌ address: P. O. Xxx 0000 Xxxxx Xxxxx, Xxxxxxxxx 00000-0000 or such other address as may be designated by the Department, without presentation or surrender of the BondBonds, except upon final payment. If acceptable to the Department, the City may make arrangements to make such payments by wire transfer of immediately available funds. Payments with respect to the Bond Bonds shall be applied first to the interest due to the date of payment, next to principal and thereafter to the Administrative Fees and other amounts payable on the Loan and the payment of principal and interest shall be recorded on a payment record to be kept and maintained by the Department.