Common use of Terms and Conditions Related to Loan Awards Clause in Contracts

Terms and Conditions Related to Loan Awards. (a) Recipients that receive loan awards pursuant to this Assistance Agreement must comply with the terms of this Assistance Agreement including the Promissory Note (Attachment A) and Loan Repayment Schedule (Attachment B). Such Recipients must comply with the Annual Report components in Section B of Schedule 1 (“Performance Goals and Reporting”) through the Performance Period End Date indicated in Schedule 1, Section C. After the Period of Performance, loan award Recipients must continue to comply with the terms of the Assistance Agreement and the reporting requirements identified in the Promissory Note until such time as the CDFI Fund determines that the loan principal and all accrued and unpaid interest and, if applicable, late fees thereon have been paid in full.

Appears in 4 contracts

Samples: Assistance Agreement (Shared Capital Cooperative), Performance Goals and Reporting, Performance Goals and Reporting

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