Common use of Refunds; Violation Clause in Contracts

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will not use MCC Funding, proceeds thereof or Program Assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under Section 5.3(a) to obtain a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) 30 days after the Government’s receipt of MCC’s request for repayment. The Government will not use MCC Funding, proceeds thereof or Program Assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under Section 5.3(a) to obtain a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest thereon in accordance with Section 5.4 within thirty (30) 30 days after the Government’s receipt of MCC’s request for repayment. The Government will shall not use MCC Funding, proceeds thereof or Program Assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under Section 5.3(a) to obtain a refund will shall continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will not use MCC Funding, proceeds thereof or Program Assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other existing agreement to the contrary, MCC’s right under Section 5.3(a) to obtain for a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later. (c) In addition to Section 5.3(a), MCC will be entitled to any refund of Program Funding related to the As-Samra Expansion Project to the extent such refund is contemplated by the Program Implementation Agreement.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest thereon in accordance with Section 5.4 within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will shall not use MCC Funding, proceeds thereof or any Program Assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under Section 5.3(a) to obtain a refund will shall continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset asset acquired in whole or in part with MCC Funding is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will not use MCC Funding, proceeds thereof or Program Assets assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under this Section 5.3(a) to obtain 5.2 for a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter thereafter, or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will shall not use MCC Funding, proceeds thereof or Program Assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other existing agreement to the contrary, MCC’s right under Section 5.3(a) to obtain a refund will shall continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset asset acquired in whole or in part with MCC Funding is used for any purpose in violation of the terms of this CompactCompact or the PIA, including but not limited to any violation of the Program Guidelines, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will not use MCC Funding, proceeds thereof or Program Assets assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under this Section 5.3(a) to obtain 5.2 for a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. ‌ (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay refund to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or earnings and/or asset, plus interest Late Payment Interest within thirty (30) days after the Government’s receipt of MCC’s request for repaymentrefund. The Government will not use MCC Funding, proceeds thereof or Program Assets to make such payment.payment.‌ (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under Section 5.3(a) to obtain a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will agrees to not use MCC Funding, proceeds thereof or Program Assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under Section 5.3(a) to obtain a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC the United States may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest thereon in accordance with Section 5.4 within thirty (30) 30 days after the Government’s receipt of MCC’s request for repayment. The Government will shall not use MCC Funding, proceeds thereof or any Program Assets Asset to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s the United States’ right under Section 5.3(a) to obtain a refund will shall continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset asset acquired in whole or in part with MCC Funding is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, earnings or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will not must use MCC Funding, proceeds thereof or Program Assets national funds (and no assets of the Program) to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under this Section 5.3(a) to obtain 5.2 for a refund will continue during the term of this Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will not use MCC Funding, proceeds thereof or Program Assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other existing agreement to the contrary, MCC’s right under Section 5.3(a) to obtain for a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest thereon in accordance with Section 5.4 within thirty (30) 30 days after the Government’s receipt of MCC’s request for repayment. The Government will shall not use MCC Funding, proceeds thereof or any Program Assets Asset to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s the United States’ right under Section 5.3(a) to obtain a refund will shall continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset asset acquired in whole or in part with MCC Funding is used for any purpose in violation of the terms of this Compact, then the MCC may shall have the right to require that the Government to repay to MCC the MCC, in United States Dollars Dollars, the value of the such misused MCC Funding, interest, earnings, or asset, plus interest interest, within thirty (30) days after the Government’s receipt of the MCC’s request for repayment. The Government will not shall use national funds (and no MCC Funding, proceeds thereof Funding or Program Assets assets of the Program) to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, the MCC’s right under this Section 5.3(a) to obtain 5.2 for a refund will shall continue during the term of this Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after the MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset asset acquired in whole or in part with MCC Funding is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will not must use MCC Funding, proceeds thereof or Program Assets national funds (and no assets of the Program) to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under this Section 5.3(a) to obtain 5.2 for a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset asset financed in whole or in part with MCC Funding is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will not use MCC Funding, proceeds thereof thereon or Program Assets assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other agreement to the contrary, MCC’s right under this Section 5.3(a) to obtain 5.2 for a refund will continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.

Refunds; Violation. (a) If any MCC Funding, any interest or earnings thereon, or any Program Asset is used for any purpose in violation of the terms of this Compact, then MCC may require the Government to repay to MCC in United States Dollars the value of the misused MCC Funding, interest, earnings, or asset, plus interest within thirty (30) days after the Government’s receipt of MCC’s request for repayment. The Government will shall not use MCC Funding, proceeds thereof or Program Assets to make such payment. (b) Notwithstanding any other provision in this Compact or any other existing agreement to the contrary, MCC’s right under Section 5.3(a) to obtain for a refund will shall continue during the Compact Term and for a period of (i) five (5) years thereafter or (ii) one (1) year after MCC receives actual knowledge of such violation, whichever is later.