Common use of REPAYMENT OF INCENTIVES Clause in Contracts

REPAYMENT OF INCENTIVES. If after the project is completed and Borrower draws down Loan proceeds, Borrower receives a state, federal, or local incentive (not including a utility rebate/incentive) for all or a portion of the project costs that have been funded by this Loan, then Borrower must submit principal repayment to the California Energy Commission in the amount of the incentive within 30 calendar days of receipt of the incentive. This repayment will be considered an unscheduled principal repayment.

REPAYMENT OF INCENTIVES. If after the project is completed and Borrower Xxxxxxxx draws down Loan proceeds, Borrower Xxxxxxxx receives a state, federal, or local incentive (not including a utility rebate/incentive) for all or a portion of the project costs that have been funded by this Loan, then Borrower must submit principal repayment to the California Energy Commission in the amount of the incentive within 30 calendar days of receipt of the incentive. This repayment will be considered an unscheduled principal repayment.

REPAYMENT OF INCENTIVES. If after the project is completed and Borrower draws down Loan proceeds, Borrower Xxxxxxxx receives a state, federal, or local incentive (not including a utility rebate/incentive) for all or a portion of the project costs that have been funded by this Loan, then Borrower must submit principal repayment to the California Energy Commission in the amount of the incentive within 30 calendar days of receipt of the incentive. This repayment will be considered an unscheduled principal repayment.