Payment Dates; Maturity Date Sample Clauses

Payment Dates; Maturity Date. Annual Payments are due and payable to the County on this AHIF Note no later than June 1st of each year, beginning June 1, 2020, from the disbursement of Residual Receipts pursuant to the Loan Agreement. In no event shall any amount due under this AHIF Note become subject to any rights of offset, deduction or counterclaim on the part of the Borrower. The entire outstanding principal balance of this AHIF Note, together with interest accrued thereon and any other sums accrued hereunder shall be payable in full on the date (the “Maturity Date”) which is the earlier of (i) July 1, 2049, or (ii) the occurrence of an Event of Default for which the County exercises its rights to cause the entire outstanding principal balance of this AHIF Note, together with interest accrued thereon and any other sums accrued hereunder to become immediately due and payable pursuant to applicable provisions of the Loan Agreement, or (iii) a Transfer that is not permitted or approved by the County as provided in Section 5.03 of the Loan Agreement.
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Payment Dates; Maturity Date. Annual Payments are due and payable to the County on this Amended and Restated Promissory Note no later than June 1st of each year, beginning no later than June 1, 2016, from the disbursement of Residual Receipts pursuant to the Amended and Restated CDBG Subrecipient and AHIF Loan Agreement. In no event shall any amount due under this Amended and Restated Promissory Note become subject to any rights of offset, deduction or counterclaim on the part of the Borrower. The entire outstanding principal balance of this Amended and Restated Promissory Note, together with interest accrued thereon and any other sums accrued hereunder shall be payable in full on the date (the “Maturity Date”) which is the earlier of (i) , 2048, or (ii) the occurrence of an Event of Default for which the County exercises its rights to cause the entire outstanding principal balance of this Amended and Restated Promissory Note, together with interest accrued thereon and any other sums accrued hereunder to become immediately due and payable pursuant to applicable provisions of the Amended and Restated CDBG Subrecipient and AHIF Loan Agreement, or (iii) a Transfer that is not permitted or approved by the County as provided in Section 5.03 of the Amended and Restated CDBG Subrecipient and AHIF Loan Agreement.
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Payment Dates; Maturity Date. Annual Payments are due and payable to the County on this AHIF Note no later than June 1st of each year, beginning June 1st of the year following payments in an amount equal to the WHDC Deferred Developer Fee, but in no event beginning later than June 1, 2031, from the disbursement of Residual Receipts pursuant to the Loan Agreement. In no event shall any amount due under this AHIF Note become subject to any rights of offset, deduction or counterclaim on the part of the Borrower. The entire outstanding principal balance of this AHIF Note, together with interest accrued thereon and any other sums accrued hereunder shall be payable in full on the date (the “Maturity Date”) which is the earlier of (i) March 1, 2045, or (ii) the occurrence of an Event of Default for which the County exercises its rights to cause the entire outstanding principal balance of this AHIF Note, together with interest accrued thereon and any other sums accrued hereunder to become immediately due and payable pursuant to applicable provisions of the Loan Agreement, or (iii) a Transfer that is not permitted or approved by the County as provided in Section 5.03 of the Loan Agreement.
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Payment Dates; Maturity Date. Annual Payments are due and payable to the County on this AHIF Note no later than June 1st of each year, beginning the year immediately following the Borrower’s payment of all outstanding principal, accrued interest, and penalties and fees, if any, on the CDBG Loan pursuant to that certain CDBG Note, from the disbursement of sixty percent (60%) of the Residual Receipts pursuant to the Loan Agreement. In no event shall any amount due under this AHIF Note become subject to any rights of offset, deduction or counterclaim on the part of the Borrower. The entire outstanding principal balance of this AHIF Note, together with interest accrued thereon and any other sums accrued hereunder shall be payable in full on the date (the “Maturity Date”) which is the earlier of (i) 1, 2046, or (ii) the occurrence of an Event of Default for which the County exercises its rights to cause the entire outstanding principal balance of this AHIF Note, together with interest accrued thereon and any other sums accrued hereunder to become immediately due and payable pursuant to applicable provisions of the Loan Agreement, or (iii) a Transfer that is not permitted or approved by the County as provided in Section 5.03 of the Loan Agreement. Exhibit C FORM OF AHIF NOTE
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Payment Dates; Maturity Date. By no later than July 1 of each year following the issuance of a final certificate of occupancy or equivalent for the Project, Borrower shall pay to City fifty percent (50%) of Surplus Cash (defined below) generated by the Project during the previous calendar year to reduce the indebtedness owed under the Notes, which shall be shared on a proportional basis with other approved public lenders that provide financing with residual payment terms for the Project. Payments shall be credited first to any unpaid late charges and other costs and fees then due, then to accrued interest, and then to principal. In no event shall any amount due under the Notes become subject to any rights, offset, deduction or counterclaim on the part of Borrower. The entire outstanding principal balance of the City Development Loan, together with interest accrued thereon and all other sums accrued hereunder shall be payable in full on the date (the “Maturity Date”) which is the later of (i) the fifty-fifth (55th) anniversary of the date upon which the City issues a final certificate of occupancy or equivalent for the Project, or (ii) the sixtieth (60th) anniversary of the date hereof. Notwithstanding the foregoing, the City shall have the right to accelerate the Maturity Date and declare all sums payable under the Notes immediately due and payable upon the expiration of all applicable cure periods following the occurrence of an Event of Borrower Default. No later than June 1 of each year following the issuance of a final certificate of occupancy or equivalent for the Project, Borrower shall provide to City Borrower’s calculation of Surplus Cash for the previous calendar year, accompanied by such supporting documentation as City may reasonably request, including without limitation, an independent audit prepared for the Project by a certified public accountant in accordance with generally accepted accounting principles. City shall have the right to inspect and audit Xxxxxxxx’s books and records concerning the calculation of Surplus Cash, and to object within ninety (90) days from receipt of Xxxxxxxx's statement. Failure to timely object shall be deemed acceptance. If City does object, City shall specify the reasons for disapproval. Borrower shall have thirty (30) days to reconcile any disapproved item. If Borrower and City cannot agree on the amount of Surplus Cash, an independent auditor mutually selected by Borrower and City shall resolve any disputed items. The cost of the auditor sh...
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Payment Dates; Maturity Date. All payments on the loan shall be deferred until the Maturity Date. The entire outstanding principal balance of the Loan together with accrued interest and (except as otherwise provided herein or in the other City Documents) all other sums due under the City Documents shall be payable in full on the fifty-fifth (55th) anniversary of the date that City issues the final certificate of occupancy for the Project (the “Maturity Date”).
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Payment Dates; Maturity Date. Commencing upon July 1, 2017, (the “First Payment Date”), and on the first day of July during each year thereafter, Successor Agency shall make annual payments of combined principal and interest until the entire indebtedness evidenced hereby is fully paid, except that all remaining indebtedness, if not sooner paid, shall be due and payable upon the Maturity Date (defined below). The amount of the annual payments to be paid beginning on the First Payment Date will be an amount equal to the payment necessary to fully amortize the principal amount of this Note, together with interest at the interest rate specified in Section 1 above. The entire outstanding principal balance of this Note, together with accrued interest and all other sums accrued hereunder shall be payable in full on July 5, 2022 (the “Maturity Date”). Payments shall be credited first to principal, and second to the interest. In no event shall any amount due under this Note become subject to any rights, offset, deduction or counterclaim on the part of Successor Agency.
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Payment Dates; Maturity Date. Annual Loan Payments are due and payable to the County on this CDBG Note no later than June 1st of each year, beginning June 1, 2022, from the disbursement of Residual Receipts pursuant to the Loan Agreement. In no event shall any amount due under this CDBG Note become subject to any rights of offset, deduction or counterclaim on the part of the Borrower. The entire outstanding principal balance of this CDBG Note, together with interest accrued thereon and any other sums accrued hereunder shall be payable in full on the date (the “Maturity Date”) which is the earlier of (i) December 1, 2053, or (ii) the occurrence of an Event of Default for which the County exercises its rights to cause the entire outstanding principal balance of this CDBG Note, together with interest accrued thereon and any other sums accrued hereunder to become immediately due and payable pursuant to applicable provisions of the Loan Agreement, or (iii) a Transfer that is not permitted or approved by the County as provided in Section 5.03 of the Loan Agreement. 1 | P a g e ARLINGTON COUNTY COMMUNITY DEVELOPMENT BLOCK GRANT LOAN AGREEMENT County Board of Arlington County, Virginia (Lender) XXXXXX SPRINGS RHF PARTNERS, LP (Borrower) Xxxxxx Apartments Exhibit C FORM OF CDBG NOTE
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Related to Payment Dates; Maturity Date

  • Payment on Maturity Date Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Mortgage and the other Loan Documents.

  • Maturity Date This Agreement shall continue in effect until the maturity date set forth on the Schedule (the "Maturity Date"), subject to Section 6.3 below.

  • Payment Dates Interest accrued on each Loan shall be payable, without duplication:

  • Payment Date An amount calculated as being due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from (and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed.

  • Increment Dates 1. The increment date shall be the first of the month following the month in which applicable experience accumulation is achieved.

  • Increment Date (a) Full-time Employees shall be eligible for increments annually from their date of employment.

  • Interest Payment Dates Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and on the Termination Date; provided that (i) interest accrued pursuant to Section 3.02(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than an optional prepayment of an ABR Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

  • Payment Due Dates Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or facility fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following calendar month, such payment shall be made on the immediately preceding Business Day.

  • Redemption at maturity Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms.

  • Payment Due Dates and Interest Should the Owner fail to pay a proper invoice within thirty calendar days of receipt, the Design Professional shall notify the Owner in writing by Certified or Statutory mail. If the Owner fails to pay within five business days of receipt of the notice, the Design Professional shall receive, in addition the sum named in the proper invoice, interest thereon at the rate of one half (½) percent per month on the unpaid balance as may be due.

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