Common use of Payment Dates; Maturity Date Clause in Contracts

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.

Payment Dates; Maturity Date. Annual Payments are due and payable to the County on this AHIF CDBG 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 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 AHIF 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) July 1, 20492046, 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 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.

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, 20202019, 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 May 1, 20492046, 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.

Payment Dates; Maturity Date. Annual AHIF Loan Payments are due and payable to the County on this AHIF Note no later than June 1st of each year, beginning June 1, 20202019, 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 December 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.

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, 20202016, 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 1November , 20492044, 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.

Payment Dates; Maturity Date. Annual AHIF Loan Payments are due and payable to the County on this AHIF Note no later than June 1st of each year, beginning June 1, 20202022, 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 June 1, 20492050, 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.