Common use of TERMINATION, IMMEDIATE REPAYMENT, INTEREST Clause in Contracts

TERMINATION, IMMEDIATE REPAYMENT, INTEREST. (a) This Agreement will automatically terminate without written notice if the Recipient fails to meet the timelines in Exhibit A and the ARRA provisions of Exhibit E. Under such circumstance, the Recipient shall immediately repay all Project Funds received under this Agreement, at the highest legal rate of interest.

Appears in 3 contracts

Samples: Project Finance Agreement, Project Finance Agreement, Project Finance Agreement

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TERMINATION, IMMEDIATE REPAYMENT, INTEREST. (a) This Agreement will automatically terminate without written notice if the Recipient fails to meet the timelines in Exhibit A and the ARRA provisions of Exhibit E. Under such circumstance, the Recipient shall immediately repay all Project Funds received under this Agreement, at the highest legal rate of interest.. DRAFT

Appears in 1 contract

Samples: Project Finance Agreement

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TERMINATION, IMMEDIATE REPAYMENT, INTEREST. (a) This Agreement will automatically terminate without written notice if the Recipient fails to meet the timelines in Exhibit A and the ARRA provisions of Exhibit E. C. Under such circumstance, the Recipient shall immediately repay all Project Funds received under this Agreement, at the highest legal rate of interest.

Appears in 1 contract

Samples: Area Governments Contract for Services

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