Terms of the Assistance Funds Sample Clauses

Terms of the Assistance Funds. The Assistance Funds will be in the form of a loan evidenced by a fifteen (15) year note at 0% interest secured by a deed of trust encumbering the Property and the Development (the “Assistance Note” and the “Assistance Deed of Trust”), with repayment due only in the event of a default as defined in this Agreement, in the Assistance Note, in the Assistance Deed of Trust or in the Restrictive Covenants that have been recorded or are expected to be recorded as an encumbrance against the Property, and/or as amended as needed to comply with Program Requirements or Tax Credit Program Requirements. The amount due under the Assistance Note, in the event of default, will be 100% of the principal amount thereof. At the end of the Compliance Period, the full amount of the Assistance Note will be forgiven, subject to a determination by THDA, in its sole discretion that no uncured event of default exists and that no set of facts exist that could ripen into an event of default with the passage of time.
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Terms of the Assistance Funds. The Assistance Funds will be in the form of a loan evidenced by a fifteen (15) year note at 0% interest secured by a deed of trust encumbering the Property and the Development (the “Assistance Note” and the “Assistance Deed of Trust”), with repayment due only upon the occurrence of a Recapture Event (as defined herein) and upon the occurrence of certain events of default under this Agreement, the Assistance Note, and the Assistance Deed of Xxxxx.xx the event of a default under this Agreement, the Assistance Note, the Assistance Deed of Trust, or the Restrictive Covenants that have been recorded or are expected to be recorded as an encumbrance against the Property, and/or as amended as needed to comply with Program Requirements or Tax Credit Program Requirements. The amount due under the Assistance Note, in the event of default, will be forgiven at the rate of 6.67% for each full year of the Compliance Period, beginning on the first anniversary date of the commencement of the Compliance Period, subject to a determination by THDA, in its sole discretion, that no uncured event of default exists and that no set of facts exist that could ripen into an event of default with the passage of time. event has occurred, which with the giving of notice or the passage of time, would be such a default.
Sample 1
Terms of the Assistance Funds. The Assistance Funds will be in the form of a loan evidenced by a fifteen (15) year note at 0% interest secured by a deed of trust encumbering the Property and the Development (the “Assistance Note” and the “Assistance Deed of Trust”), with repayment due only in the event of a default under this Agreement, the Assistance Note, the Assistance Deed of Trust, or the Restrictive Covenants that have been recorded or are expected to be recorded as an encumbrance against the Property, and/or as amended as needed to comply with Program Requirements or Tax Credit Program Requirements. The amount due under the Assistance Note, in the event of default, will be forgiven at the rate of 6.67% for each full year of the Compliance Period, subject to a determination by THDA, in its sole discretion, that no uncured event of default exists and that no set of facts exist that could ripen into an event of default with the passage of time.
Sample 1

Related to Terms of the Assistance Funds

  • Education & Assistance Fund a. The Employer shall contribute and remit such contributions to the Union’s Education & Assistance Fund as specified in Schedule “A” for each hour worked by each employee covered by this Agreement.

  • EDUCATION AND ASSISTANCE FUND 18.01 The Employer shall contribute to the Union’s Education and Assistance Fund the amount identified at Schedule “A” for each hour worked by each employee covered by this Agreement, and shall remit such contributions to the Union together with union dues, and in the manner described in the Remittances to the Union article and in the Union’s remittance directive.

  • TUITION ASSISTANCE PROGRAM A. As part of the University policy to encourage staff members to further their formal education, the Tuition Assistance Program for Employees was established. Under the Tuition Assistance plan, qualified Employees will be issued vouchers which will enable them to register without paying tuition. (Incidental fees, however, must be paid by the Employee.)

  • Disbursement of Financial Assistance Unless a different disbursement method is specified in that line of Exhibit C “Financial Assistance Award,” OHA will disburse the financial assistance awarded for A&D 82 Services provided under a particular line of the Financial Assistance Award to County in substantially equal monthly allotments during the period specified in that line of the Financial Assistance Award, subject to the following:

  • Conditions to Financial Assistance and its Disbursement The Grantor's obligations hereunder, including its obligation to make financial assistance available to the Recipient pursuant to the terms of this Agreement, are contingent upon compliance by the Recipient with the following conditions:

  • EDUCATIONAL ASSISTANCE PROGRAM The District’s Educational Assistance Program will be continued during the life of this Agreement. Employees who wish to enroll in job-related and promotion oriented courses, which will improve their job knowledge, and performance will be compensated by the District for expenses as follows:

  • Peer Assistance and Review (PAR) Consulting Teachers (CT) will be assigned to all new teachers with no prior teaching experience and tenured teachers rated ineffective on the qualitative measures at the end of the previous school year and recommended by the PAR Panel. Evaluations for Probationary and Ineffective Teachers:

  • Roadside Assistance If you purchase the optional Roadside Assistance, we will provide you with 24/7 breakdown assistance (where available) without additional charge. Roadside Assistance includes replacement of lost keys or key fobs, flat tire service, jumpstart, and key lockout services. When deciding whether to purchase Roadside Assistance, you may wish to check whether you have you have other coverage for the services. Roadside Assistance is not insurance. Roadside Assistance is void if you are in breach of this Agreement, including the prohibited uses in paragraph 5.

  • PROVISION OF FINANCIAL ASSISTANCE As authorized by Section II of this Agreement for the sole and express purpose of financing the Project defined and described in Appendix A of this Agreement, the estimated costs of which are set forth and described in Appendix D of this Agreement, the OPWC hereby agrees to provide financial assistance, subject to the terms and conditions contained in this Agreement, from the State Capital Improvements Fund which constitutes the proceeds of the Infrastructure Bonds, in an amount not to exceed Two Hundred Sixty Thousand, Forty Dollars ($260,040). This financial assistance shall be provided in the form of a Grant. The OPWC Grant Control No. is CU06V.

  • Client Assistance You acknowledge that the implementation of the Tyler Software is a cooperative process requiring the time and resources of your personnel. You agree to use all reasonable efforts to cooperate with and assist us as may be reasonably required to meet the agreed upon project deadlines and other milestones for implementation. This cooperation includes at least working with us to schedule the implementation-related services outlined in this Agreement. We will not be liable for failure to meet any deadlines and milestones when such failure is due to Force Majeure or to the failure by your personnel to provide such cooperation and assistance (either through action or omission).

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