Repayment of Authority Loan Sample Clauses

Repayment of Authority Loan. The City shall repay the Authority Loan to the Authority promptly upon receipt of RPTTF moneys for the ROPS 14-15B period, and for and during each subsequent ROPS periods, if necessary, from Successor Agency, in repayment of the City Loan. City shall repay all or a portion of the outstanding principal balance of the Authority Loan to the Authority on or before five (5) working days following the date the Successor Agency delivers each total or partial payment to the City under the City Loan.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Repayment of Authority Loan. Developer’s obligation to repay Authority Loan shall be set forth in the Authority Loan Promissory Note in substantially the form of Attachment No. 3 attached hereto and incorporated herein. The Authority Loan Promissory Note shall be for a term of fifty-eight (58) years from the date of Closing and funding of the initial permanent take-out Primary Loan. The Authority Loan Promissory Note shall bear interest at six and one half percent (6.5%) compounded interest per annum. The Authority Loan Promissory Note shall be payable from fifty percent (50%) of the remainder of the Residual Receipts received from the ownership and operation of the Apartment Complex after the payments set forth in the Residual Receipts Report provided for in Section 202.1 below have been made, until the earlier to occur of (i) the Authority Loan Promissory Note has been paid in full or (ii) Authority’s exercise of the Option pursuant to the Option Agreement at which time Authority will take back and cancel the Authority Loan Promissory Note. Developer shall also pay to Authority fifty percent (50%) of the Refinancing Net Proceeds immediately upon any refinancing of the Apartment Complex (inclusive of the Site) and fifty percent (50%) of the Transfer Net Proceeds immediately upon any transfer in whole or in part of the Site and/or the Project (inclusive of the Apartment Complex).
Sample 1

Related to Repayment of Authority Loan

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • Repayment of Funds Unless Treasury extends the time period, a recipient shall repay to the Secretary any amounts subject to recoupment in accordance with instructions provided by Treasury:

  • Order of Application of Partial Payments and Periodic Payments Except as otherwise described in this Section 2, if Lender applies a payment, such payment will be applied to each Periodic Payment in the order in which it became due, beginning with the oldest outstanding Periodic Payment, as follows: first to interest and then to principal due under the Note, and finally to Escrow Items. If all outstanding Periodic Payments then due are paid in full, any payment amounts remaining may be applied to late charges and to any amounts then due under this Security Instrument. If all sums then due under the Note and this Security Instrument are paid in full, any remaining payment amount may be applied, in Xxxxxx’s sole discretion, to a future Periodic Payment or to reduce the principal balance of the Note. If Lender receives a payment from Borrower in the amount of one or more Periodic Payments and the amount of any late charge due for a delinquent Periodic Payment, the payment may be applied to the delinquent payment and the late charge. When applying payments, Lender will apply such payments in accordance with Applicable Law.

  • Repayment of Loans; Evidence of Debt (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Maturity Date.

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Repayment and Recovery (a) At the End of a Funding Year. If, in any Funding Year, the HSP has not spent all of the Funding the LHIN will require the repayment of the unspent Funding.

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Repayment of Loans (a) The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Committed Loans outstanding on such date.

  • Amount of Funds; Application of Funds Lender may, at any time, collect and hold Funds in an amount up to, but not in excess of, the maximum amount a lender can require under RESPA. Lender will estimate the amount of Funds due in accordance with Applicable Law. The Funds will be held in an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender will apply the Funds to pay the Escrow Items no later than the time specified under RESPA. Lender may not charge Borrower for: (i) holding and applying the Funds; (ii) annually analyzing the escrow account; or (iii) verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless Lender and Borrower agree in writing or Applicable Law requires interest to be paid on the Funds, Lender will not be required to pay Borrower any interest or earnings on the Funds. Lender will give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave.

Time is Money Join Law Insider Premium to draft better contracts faster.