Pursuant to Article II. E. or Article VII, the District Commander shall provide written notification to the Non-Federal Sponsor of the date construction was completed or terminated, as applicable. No later than 30 calendar days after the date of the District Commander’s written notice, the Government shall complete a final accounting and notify the Non-Federal Sponsor in writing of the principal amount, which includes the portion of the non- Federal cash contributions that has been financed plus interest that has accrued during construction. Further, the Government shall notify the Non-Federal Sponsor of the annual installment amounts for payment of the principal amount amortized over a 30-year maturity period, using the same interest rate that was used to calculate interest during construction with the addition of a 1/8 percent transaction fee to that interest rate as required by Section 106 of the WRDA 1986. Such final accounting does not limit the Non-Federal Sponsor’s responsibility to pay its share of construction costs, including contract claims or any other liability that may become known after the final accounting.
Pursuant to Article II. 2.3. the customer undertakes to collect correspondence and statements of account regularly, regardless of the manner in which these are made available. KBC Bank will on no account be liable for consequences which may arise from its holding correspondence for the customer or from the failure to collect or tardy collection and/or delivery of such correspondence.
