Service Rate Evidence. RUS shall have received satisfactory evidence that the Awardee has duly adopted Service Rates for all proposed services which are designed with a view to (i) paying and discharging all taxes, maintenance expenses, and operating expenses of the Awardee, (ii) making all payments in respect of principal and interest on the Note(s) when and as the same shall become due, (iii) providing and maintaining reasonable working capital of the Awardee, and (iv) producing and maintaining the TIER specified in Section 5.8 hereof;
Appears in 6 contracts
Samples: Grant and Security Agreement, Loan Agreement, Grant and Security Agreement (General Communication Inc)
Service Rate Evidence. RUS shall have received satisfactory evidence that the Awardee has duly adopted Service Rates for all proposed services which are designed with a view to to: (i) paying and discharging all taxes, maintenance expenses, and operating expenses of the Awardee, ; (ii) making all payments in respect of principal and interest on the Note(s) when and as the same shall become due, ; (iii) providing and maintaining reasonable working capital of the Awardee, ; and (iv) producing and maintaining the TIER financial requirements specified in Section 5.8 hereof;
Appears in 2 contracts
Samples: Loan and Security Agreement, Grant and Security Agreement
Service Rate Evidence. RUS shall have received satisfactory evidence that the Awardee has Awardees have duly adopted Service Rates for all proposed services which are designed with a view to (i) paying and discharging all taxes, maintenance expenses, and operating expenses of the AwardeeAwardees, (ii) making all payments in respect of principal and interest on the Note(s) when and as the same shall become due, (iii) providing and maintaining reasonable working capital of the AwardeeAwardees, and (iv) producing and maintaining the TIER specified in Section 5.8 hereof;
Appears in 1 contract
Samples: Grant and Security Agreement