Common use of Municipal Obligations Amortization Principal and interest payments on the Clause in Contracts

Municipal Obligations Amortization Principal and interest payments on the. Municipal Obligations shall be due on the dates set forth in Exhibit B of this FAA. The payment amounts shown on Exhibit B are for informational purposes only and assume the full amount of the Municipal Obligations is disbursed and that the full amount of Principal Forgiveness available is applied to the Loan on August 14, 2024. It is understood that the actual amounts of the Municipality’s Municipal Obligations payments shall be based on the actual dates and amounts of disbursements on the Municipal Obligations. Notwithstanding the foregoing or anything in the Municipal Obligations, the Municipal Obligations shall be for no longer than twenty (20) years from the date of this FAA and shall mature and be fully amortized not later than twenty

Appears in 1 contract

Samples: Financial Assistance Agreement

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Municipal Obligations Amortization Principal and interest payments on the. Municipal Obligations shall be due on the dates set forth in Exhibit B of this FAA. The payment amounts shown on Exhibit B are for informational purposes only and assume the full amount of the Municipal Obligations is disbursed and that the full amount of Principal Forgiveness available is applied to the Loan on August December 14, 20242022. It is understood that the actual amounts amount of the Municipality’s Municipal Obligations payments shall be based on the actual dates and amounts of disbursements on the Municipal Obligations. Notwithstanding the foregoing or anything in the Municipal Obligations, the Municipal Obligations shall be for no longer than twenty (20) years from the date of this FAA and shall mature and be fully amortized not later than twenty

Appears in 1 contract

Samples: Financial Assistance Agreement

Municipal Obligations Amortization Principal and interest payments on the. Municipal Obligations shall be due on the dates set forth in Exhibit B of this FAA. The payment amounts shown on Exhibit B are for informational purposes only and assume the full amount of the Municipal Obligations is disbursed and that the full amount of Principal Forgiveness available is applied to the Loan on August 14July 24, 2024. It is understood that the actual amounts of the Municipality’s Municipal Obligations payments shall be based on the actual dates and amounts of disbursements on the Municipal Obligations. Notwithstanding the foregoing or anything in the Municipal Obligations, the Municipal Obligations shall be for no longer than twenty (20) years from the date of this FAA and shall mature and be fully amortized not later than twenty

Appears in 1 contract

Samples: Financial Assistance Agreement

Municipal Obligations Amortization Principal and interest payments on the. Municipal Obligations shall be due on the dates set forth in Exhibit B of this FAA. The payment amounts shown on Exhibit B are for informational purposes only and assume the full amount of the Municipal Obligations is disbursed and that the full amount of Principal Forgiveness available is applied to the Loan on August 14December 9, 20242009. It is understood that the actual amounts amount of the Municipality’s Municipal Obligations payments shall be based on the actual dates date and amounts amount of disbursements on the Municipal Obligations. Notwithstanding the foregoing or anything in the Municipal Obligations, the Municipal Obligations shall be for no longer than twenty (20) years from the date of this FAA FAA, and shall mature and be fully amortized not later than twenty

Appears in 1 contract

Samples: Financial Assistance Agreement

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Municipal Obligations Amortization Principal and interest payments on the. Municipal Obligations shall be due on the dates set forth in Exhibit B of this FAA. The payment amounts shown on Exhibit B are for informational purposes only and assume the full amount of the Municipal Obligations is disbursed and that the full amount of Principal Forgiveness available is applied to the Loan on August 14February 23, 20242022. It is understood that the actual amounts amount of the Municipality’s Municipal Obligations payments shall be based on the actual dates and amounts of disbursements on the Municipal Obligations. Notwithstanding the foregoing or anything in the Municipal Obligations, the Municipal Obligations shall be for no longer than twenty thirty (2030) years from the date of this FAA and shall mature and be fully amortized not later than twentythirty (30) years after the original issue date of the Municipal Obligations. Repayment of principal on the Municipal Obligations shall begin not later than twelve (12) months after the expected or actual Substantial Completion date of the Project.

Appears in 1 contract

Samples: Financial Assistance Agreement

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