Common use of SIB Loan for Early Work Clause in Contracts

SIB Loan for Early Work. On the Agreement Date, the Developer may elect to receive a loan from the State Infrastructure Bank (a “SIB Loan”) of up to $25 million to finance a portion of the cost of Early Work. The SIB Loan will not bear interest, but will be repaid in full by the Developer on or before the Financial Close Date or as required by the terms of Section 20.04 if this Agreement is terminated for failure to reach Financial Close by the Financial Close Deadline. Information on the SIB Loan application process is contained in Exhibit Y.‌

SIB Loan for Early Work. On the Agreement Date, the Developer may elect to receive a loan from the State Infrastructure Bank (a “SIB Loan”) of up to $25 million 29,021,233 to finance a portion of the cost of Early Work. The SIB Loan will not bear interest, but will be repaid in full by the Developer on or before the Financial Close Date or as required by the terms of Section 20.04 if this Agreement is terminated for failure to reach Financial Close by the Financial Close Deadline. Information on the SIB Loan application process is contained in Exhibit Y.‌Y.

SIB Loan for Early Work. (i) On the Agreement Date, the Developer may elect to receive a loan from the State Infrastructure Bank (a “SIB Loan”) of up to $25 million to finance a portion of the cost of Early Work. The SIB Loan will not bear interest, but will be repaid in full by the Developer on or before the Financial Close Date or as required by the terms of Section 20.04 if this Agreement is terminated for failure to reach Financial Close by the Financial Close Deadline. Information on the SIB Loan application process is contained in Exhibit Y.‌

SIB Loan for Early Work. On the Agreement Date, the Developer may elect to receive a loan from the State Infrastructure Bank (a “SIB Loan”) of up to $25 million 29,021,233 to finance a portion of the cost of Early Work. The SIB Loan will not bear interest, but will be repaid in full by the Developer on or before the Financial Close Date or as required by the terms of Section 20.04 if this Agreement is terminated for failure to reach Financial Close by the Financial Close Deadline. Information on the SIB Loan application process is contained in Exhibit Y.‌w... (e)

SIB Loan for Early Work. (i) On the Agreement Date, the Developer may elect to receive a loan from the State Infrastructure Bank (a “SIB Loan”) of up to $25 [•] million to finance a portion of the Developer’s share of the cost of Early Work. The SIB Loan will not bear interest, but will be repaid paid in full by the Developer on or before the Financial Close Date or as required by the terms of Section 20.04 if this Agreement is terminated for failure to reach Financial Close by the Financial Close Deadline. Information on the SIB Loan application process is contained in Exhibit Y.‌Y.