Term, Rate and Conditions Sample Clauses

Term, Rate and Conditions. This shall be a principal-only loan subject to Limited Clientele Provisions contained in Article VII of this Agreement and subject to payment Deferral and Forgiveness Provisions contained in Article VIII of this Agreement. Absent adherence to the Limited Clientele Provisions, the loan will convert to 1% annual interest applied to any unpaid principal balance. Absent enactment of the Deferral or Forgiveness provisions, the Borrower promises to pay the Lender, at 000 Xxxx Xxxx Xxxxxx, Xxxxx 000, Xxxxxxxx Xxxx, Xxxxxxxx 00000, or at such place as Lender may designate in writing, the principal sum of Thirty Six Thousand Nineteen and 95/100 dollars ($36,019.95), beginning on January 01, 2021 and on January 1 each year thereafter until all funds advanced pursuant to the terms of the Loan Agreement have been fully repaid, or in whole as a lump sum, prior to January 01, 2041. Borrower shall notice Lender each year on or within 30 days prior to January 1 of compliance with the Limited Clientele Provisions and shall request payment Deferral, or otherwise Borrower shall pay the annual amount due. Any unpaid balance is due in whole at the end of the loan term if not sooner paid unless the Forgiveness Provision is effectuated. Any principal amount allowed in writing by the CITY to be forgiven prior to the end of the loan term shall be accompanied by an adjusted loan balance, amortization and repayment schedule.
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Term, Rate and Conditions. (a) Subject to the provisions set forth herein, with special attention to forgiveness provisions in Article VII hereunder, Developer promises to pay the CITY, at 000 Xxxx Xxxx Xxxxxx, Xxxxx 000, Xxxxxxxx Xxxx, Xxxxxxxx 00000, or at such place as CITY may designate, loan repayments equal to the Final Net Proceeds on sale of each HOME-assisted home. Payments of Final Net Proceeds from each sale must be made within 30 days of the closing date listed on the final settlement statement. (b) If any or all of the HOME-assisted homes should fail to sell, the principal amount owed on each home shall be the actual amount of HOME funds invested in the home. (c) If any or all of the HOME-assisted homes should cease or fail to qualify as affordable housing up to the point of sale, the principal amount owed on each non-compliant home shall be the actual amount of HOME funds invested in the home.

Related to Term, Rate and Conditions

  • Conditions to Borrowing The Bank will not be obligated to make (or continue to make) advances hereunder unless (i) the Bank has received executed originals of the Note and all other documents or agreements applicable to the loans described herein, including but not limited to the documents specified in Article III (collectively with this Agreement the “Loan Documents”), in form and content satisfactory to the Bank; (ii) if the loan is secured, the Bank has received confirmation satisfactory to it that the Bank has a properly perfected security interest, mortgage or lien, with the proper priority; (iii) the Bank has received certified copies of the Borrower’s governance documents and certification of entity status satisfactory to the Bank and all other relevant documents; (iv) the Bank has received a certified copy of a resolution or authorization in form and content satisfactory to the Bank authorizing the loan and all acts contemplated by this Agreement and all related documents, and confirmation of proper authorization of all guaranties and other acts of third parties contemplated hereunder; (v) if required by the Bank, the Bank has been provided with an Opinion of the Borrower’s counsel in form and content satisfactory to the Bank confirming the matters outlined in Section 2.2 and such other matters as the Bank requests; (vi) no default exists under this Agreement or under any other Loan Documents, or under any other agreements by and between the Borrower and the Bank; and (vii) all proceedings taken in connection with the transactions contemplated by this Agreement (including any required environmental assessments), and all instruments, authorizations and other documents applicable thereto, are satisfactory to the Bank and its counsel.

  • Specific Terms and Conditions To the extent that Contractor has received an award for Lot 4, Implementation Services, the following terms and conditions apply to Lot 4 Implementation Services. All Services covered under Lot 4 – Implementation Services must be performed within CONUS. An RFQ for this Lot will be awarded based on, and result in, a deliverable-based Statement of Work (SOW) which will be incorporated into an Authorized User Agreement. The RFQ will include but is not limited to: Authorized User timeframes; system integration requirements; and other risks that may affect the cost to the Authorized User. All responses to RFQs must include detailed price information, including but not limited to: hours required per title, cost per hour, etc. Travel, lodging and per diem costs must be itemized in the total quote and may not exceed the rates in the NYS OSC Travel Policy. More information can be found at xxxx://xxx.xxx.xxxxx.xx.xx/agencies/travel/travel.htm. All costs must be itemized and included in the Contractor’s quote. Article 17-B of the New York State Executive Law provides for more meaningful participation in public procurement by certified Service-Disabled Veteran-Owned Businesses (“SDVOB”), thereby further integrating such businesses into New York State’s economy. OGS recognizes the need to promote the employment of service-disabled veterans and to ensure that certified service-disabled veteran-owned businesses have opportunities for maximum feasible participation in the performance of OGS contracts. In recognition of the service and sacrifices made by service-disabled veterans and in recognition of their economic activity in doing business in New York State, Bidders are expected to consider SDVOBs in the fulfillment of the requirements of the Contract. Such participation may be as subcontractors or suppliers, as protégés, or in other partnering or supporting roles.

  • ADDITIONAL TERMS AND CONDITIONS This Annex A to the Second Amended and Restated Servicing Agreement, dated October 31, 2021 (the “Agreement”), among Xxxxx Bank and Xxxxx Trust Company, as Sellers, the Bank Assets Purchaser and, upon execution of the Joinder Agreement, the Delaware Trust Assets Purchaser, as Purchasers, and Guarantor (solely for purposes of Section 9.5 of the Agreement), is incorporated into and deemed part of the Agreement in all respects.

  • General Terms and Conditions During the term of this Contract, Contractor agrees to procure and maintain insurance which meets all County’s requirements in the General Terms and Conditions.

  • Additional Terms & Conditions Acknowledged and Agreed:

  • ACCEPTANCE OF CONTRACT/TERMS AND CONDITIONS (a) This Contract integrates, merges, and supersedes any prior offers, negotiations, and agreements concerning the subject matter hereof and constitutes the entire agreement between the parties. (b) SELLER's acknowledgment, acceptance of payment, or commencement of performance, shall constitute SELLER's unqualified acceptance of this Contract. (c) Unless expressly accepted in writing by LOCKHEED XXXXXX, additional or differing terms or conditions proposed by SELLER or included in SELLER's acknowledgment are objected to by LOCKHEED XXXXXX and have no effect. (d) The headings used in this Contract are inserted for the convenience of the parties and shall not define, limit, or describe the scope or the intent of the provisions of this Contract.

  • Conditions for Advance and Conditions to Closing Section 7.1.

  • Specific Conditions If applicable, specific conditions required after a risk assessment will be included in Exhibit G. Grantee shall adhere to the specific conditions listed therein.

  • CONDITIONS TO BORROWINGS The obligations of each Lender to make Advances to Borrower hereunder is subject to the satisfaction of the following conditions:

  • Standard Conditions This Agreement shall include all of the standard conditions as detailed in Exhibit B, attached hereto and by this reference incorporated herein.

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