Common use of Repayment of Note Amount Clause in Contracts

Repayment of Note Amount. Borrower shall make an annual payment equal to one hundred percent (100%) of the “Residual Receipts”, as hereafter defined, unless payments are accelerated in accordance with the Note. The first residual receipt payment and compliance date shall be April 1, 2009, as set forth below, and continuing every year thereafter until payment has occurred in full.

Repayment of Note Amount. Borrower shall make an annual payment equal to one hundred percent (100%) of the “Residual Receipts”, as hereafter defined, unless payments are accelerated in accordance with the Note. The Upon receipt of the Notice of Completion, the first residual receipt payment and compliance date shall be April 1, 20092019, as set forth below, and continuing every year thereafter until payment has occurred in full. If affordability requirements are extended, the terms of the loan may be extended as well.

Repayment of Note Amount. Borrower shall make an annual payment equal to one hundred percent (100%) of the “Residual Receipts”, as hereafter defined, unless payments are accelerated in accordance with the New Note. The first residual receipt payment and compliance date shall be April 1, 20092008, as set forth below, and continuing every year thereafter until payment has occurred in full.

Repayment of Note Amount. Borrower shall make an annual payment equal to one hundred percent (100%) of the “Residual Receipts”, as hereafter defined, unless payments are accelerated in accordance with the Note. The Upon receipt of the Notice of Completion, the first residual receipt payment and compliance date shall be April 1, 20092021, as set forth below, and continuing every year thereafter until payment has occurred in full. If affordability requirements are extended, the terms of the loan may be extended as well.