Subaward as Loan Sample Clauses

Subaward as Loan. A. The Subaward shall be in the form of a loan to the Borrower, which loan shall be repayable only in accordance with the terms set forth in this Section 2.3, the Subaward Promissory Note and the Program Requirements. B. The terms of the Subaward as loaned to the Borrower shall be as follows: (i) The Subaward shall bear no interest; (ii) No payments of principal shall be due on the Subaward until the end of the first fifteen (15) years of the Compliance Period; (iii) Upon the end of the first fifteen (15) years of the Compliance Period, if there has been no Recapture Event, the full amount of the Loan shall be forgiven by Florida Housing and discharged in full and the Recapture Mortgage deemed satisfied; (iv) The entire principal balance of the Loan shall become immediately due and payable, to the extent applicable in accordance with Article VI of this Agreement, upon the occurrence of a Recapture Event. C. The obligation of the Borrower to repay the Subaward in accordance with this Agreement, the Subaward Promissory Note and the Program Requirements shall be secured by the Recapture Mortgage. Florida Housing shall determine the priority of the lien of the Recapture Mortgage, subordinating it to such of the Mortgage Loans as Florida Housing determines necessary or advisable to permit the financing of the Development. D. The Borrower agrees to execute the Subaward Promissory Note and to execute and record the Recapture Mortgage in such form as shall be required by Florida Housing, consistent with the requirements of this Section 2.3.
Sample 1
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Related to Subaward as Loan

  • Subaward a. This term means a legal instrument to provide support for the performance of any portion of the substantive project or program for which you received this award and that you as the recipient award to an eligible subrecipient. b. The term does not include your procurement of property and services needed to carry out the project or program (for further explanation, see 2 CFR 200.330). c. A subaward may be provided through any legal agreement, including an agreement that you consider a contract.

  • Stock Plan Administration Service Providers The Company transfers participant data to Xxxxxx Xxxxxxx, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan. In the future, the Company may select a different service provider and share the Participant’s data with another company that serves in a similar manner. The Company’s service provider will open an account for the Participant to receive and trade Shares. The Participant will be asked to agree on separate terms and data processing practices with the service provider, which is a condition to the Participant’s ability to participate in the Plan.

  • Stock Plan Administration Service Provider The Company transfers the Optionee's Personal Information to Fidelity Stock Plan Services LLC, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan (the “Stock Plan Administrator”). In the future, the Company may select a different Stock Plan Administrator and share the Optionee's Personal Information with another company that serves in a similar manner. The Stock Plan Administrator will open an account for the Optionee to receive and trade Shares acquired under the Plan. The Optionee will be asked to agree on separate terms and data processing practices with the Stock Plan Administrator, which is a condition to the Optionee’s ability to participate in the Plan.

  • Service Award Named Plaintiff may apply to the Court for a service award of up to ten thousand dollars ($10,000). Subject to the Court’s approval, the service award shall be paid from the Settlement Fund ten (10) days after the Effective Date.

  • System for Award Management (XXX) and Data Universal Numbering System (DUNS) Requirements.

  • Subawards The Recipient shall include the substance of this clause, including this paragraph (k) in all subawards, regardless of dollar value, that are subject to the Service Contract Labor Standards statute or the Wage Rate Requirements (Construction) statute, and are to be performed in whole or in part in the United States.

  • System for Award Management (XXX) Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a XXX.xxx proof of registration and Commercial and Government Entity (CAGE) number. Grantee will continue to maintain an active XXX registration with current information at all times during which it has an active award under this Agreement.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Service Awards The County shall continue its present policy with respect to service awards including time off; provided, however, that the type of award given shall be at the sole discretion of the County. The following procedures shall apply with respect to service awards:

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

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