Payment Dates and Amounts. The payment required on each Loan shall be payable in arrears on each month for such Loan by the 28th of the month and on the Maturity Date. With respect to any Land Loan, the payment required shall be interest only. With respect to any Pledged Note Loan, the payment required shall be principal and interest and calculated using an amortization schedule that matches the remaining term of the relevant Collateral being pledged to secure such Pledged Note Loan.
Payment Dates and Amounts. As set forth in greater detail in the Note, Borrower shall repay the HOME Loan, together with accrued interest at the Basic Rate in arrears, in annual installments on the 15th day of March of each calendar year for the previous fiscal year, commencing on March 15, 2011. Absent prepayment or acceleration, each of the annual payments due March 15, 2011 through and including March 15, 2051 (“Maturity Date”), which shall in no event be earlier than the maturity date of the HUD Capital Advance, shall be in an amount equal to fifty percent (50%) of “
Payment Dates and Amounts. As set forth in greater detail in the Note, Borrower shall repay the HOME Loan, together with accrued interest at the Basic Rate in arrears, in annual installments on the 15th day of March of each calendar year for the previous fiscal year, commencing on March 15, 2009. Absent prepayment or acceleration, each of the annual payments due March 15, 2010 through and including March 15, 2064 (“Maturity Date”) shall be in an amount equal to eleven and three tenths percent (11.3%) of “Residual Receipts” (as defined in the Note) for the prior calendar year. The Housing Authority of the County of Los Angeles (“HACOLA”) will be entitled to receive nine and twenty-five hundredths (9.25%) of Residual Receipts as repayment for the Industry permanent loan it is providing to the Project. The California Department of Housing and Community Development will receive twenty-seven and nine tenths percent (27.9%) of residual receipts for the Multifamily Housing Program (“MHP”) loan that it is providing to the project, and the AHP program will be entitled to receive one and fifty-five hundredths percent (1.55%) of Residual Receipts as repayment for the permanent loan that it is providing. Finally, the Borrower will be entitled to receive fifty percent (50%) of Residual Receipts. Residual Receipts shall be calculated and reported to Commission annually for each fiscal year no later than March 15th of the following calendar year on forms specified and provided by Commission from time to time. All calculations and records are subject to audit by Commission. Notwithstanding any other provision of the Note or this Agreement, unless due sooner, the entire outstanding principal balance of the HOME Loan together with any outstanding interest and any other sums payable under the Note shall be due and payable in full on the Maturity Date. The term of this Agreement (the “Term”) shall be from the date of this Agreement through and including the Maturity Date; provided, however, that the use restrictions in Section 10 and the nondiscrimination covenants in Section 11 shall extend beyond the Term as provided in those sections.
Payment Dates and Amounts. As set forth in greater detail in the Note, Borrower shall repay the HOME Loan, together with accrued interest at the Basic Rate in arrears, in annual installments on the 15th day of March of each calendar year for the previous fiscal year, commencing on March 15, 2008. Absent prepayment or acceleration, each of the annual payments due March 15, 2008 through and including March 15, 2062 (“Maturity Date”) shall be in an amount equal to fifty percent (50%) of “Residual Receipts” (as defined in the Note) for the prior calendar year. Residual Receipts shall be calculated and reported to Commission annually for each fiscal year no later than March 15th of the following calendar year on forms specified and provided by Commission from time to time. All calculations and records are subject to audit by Commission. Notwithstanding any other provision of the Note or this Agreement, unless due sooner, the entire outstanding principal balance of the HOME Loan together with any outstanding interest and any other sums payable under the Note shall be due and payable in full on the Maturity Date. The term of this Agreement (the “Term”) shall be from the date of this Agreement through and including the Maturity Date; provided, however, that the use restrictions in Section 10 and the nondiscrimination covenants in Section 11 shall extend beyond the Term as provided in those sections.
Payment Dates and Amounts. EXHIBIT B
Payment Dates and Amounts. Except as otherwise provided in this Note, Borrower shall repay the Loan, together with accrued interest at the Basic Rate in arrears, in annual installments on March 15th of each calendar year for the previous calendar year, commencing on March 15, 2008. Absent prepayment or acceleration, each of the annual payments due March 15, 2008 through and including March 15, 2063 (“Maturity Date”) shall be in an amount equal to fifty percent (50%) of “Residual Receipts” for the prior calendar year, as defined herein. Residual Receipts shall be calculated and reported to the Commission annually for each calendar year no later than March 15th of the following calendar year on forms specified and provided by the Commission from time to time. All calculations and records are subject to audit by the Commission. Notwithstanding any other provision of this Note, unless due sooner, the entire outstanding principal balance of the Loan together with any outstanding interest and any other sums payable under this Note shall be due and payable in full on the Maturity Date.
Payment Dates and Amounts. The City shall pay the Authority Bond Payments in semiannual installments in the amounts and at the times set forth in Appendix B, which amounts reflect the City’s Allocable Share of the preliminary debt service schedule set forth in the RESCU WIFIA Loan Agreement and the WWTP WIFIA Loan Agreement. Such times and amounts set forth in Appendix B shall be modified by the Authority and the City, as set forth in a payment schedule filed by the Authority with the City, to reflect the final debt service schedule for the RESCU WIFIA Loan and the WWTP WIFIA Loan taking into account the actual drawdown schedules therefor and in connection with any prepayments thereof. In addition, such times and amounts set forth in Appendix B shall be modified by the Authority and the City, as set forth in a payment schedule filed by the Authority with the City, to reflect the final debt service schedule of the 2021 Notes, if issued by the Authority, and in connection with any prepayments thereof. Any such modification shall neither constitute an amendment under Section 17 hereof nor be deemed to be materially adverse to the interests of the owners of the 2021 Notes. Any prepayment by the City of all or a portion of its Allocable Share of the RESCU WIFIA Loan or the WWTP WIFIA Loan shall be reflected in a revision to the amount of Authority Bond Payments in Appendix B as described in the immediately preceding paragraph.
Payment Dates and Amounts. Subject to approval by HUD in accordance with the HUD Commitment Letter (as defined below), the schedule for repaying the Loan shall be as set forth in this Section 2.3. Absent any default or acceleration, Borrower shall initially make quarterly payments to COUNTY of interest only, payable at least eleven working days in advance of the first day of each calendar quarter. From and after the Conversion Date, Borrower shall make semi-annual payments of principal and interest in an amount necessary to amortize the Loan in 20 years as reasonably calculated by the COUNTY. The timing of the semi-annual payments shall be at least eleven (11) working days in advance of each August 1 and February 1 or as reasonably determined by the COUNTY based on coordination with the timing of debt service payments by COUNTY under the HUD Note. Notwithstanding any other provision of the Note or of this Agreement, unless due sooner, the entire outstanding principal balance of the Loan together with any outstanding interest and any other sums payable under the Note shall be due and payable in full on the 20th anniversary of the date of the Close of Escrow for the Loan ("Maturity Date"). Any of the foregoing or other payment terms of the Note are subject to modification by the COUNTY as necessary to meet payment terms under the COUNTY loan from HUD (“HUD Loan”) that is the COUNTY’s source of funds for the Loan.
Payment Dates and Amounts. Commencing on or before the last business day of the first calendar month that starts 45 days after the Funding Date and continuing on or before the last business day of each calendar month thereafter through the earlier of the (i) the Maturity Date; or (ii) receipt by the Holders of payments equal to their Investment Multiple, the Issuer shall remit the Revenue Sharing Payment based on the applicable Reporting Period and calculated pursuant to the following terms: Investment Multiple 1.8X $100,000 - $250,000 1.00% $250,001 - $500,000 1.50% $500,001 - $1,000,000 2.00% Maturity Date 60 months from the Funding Date Prepayment Penalty None Security Blanket lien on assets of company Personal Guaranty None
Payment Dates and Amounts. May 2, 2023 EXHIBITD
