Examples of Allocable Share in a sentence
Any prepayment by the City of all or a portion of its Allocable Share of the RESCU WIFIA Loan or the WWTP WIFIA Loan shall be reflected in a revision to the amount of Authority Bond Payments in Appendix B as described in the immediately preceding paragraph.
The City and the Authority acknowledge that the City’s Allocable Share of such fees and expenses will be charged by the Authority to the City in accordance with the Joint Powers Agreement and shall be payable directly to the Trustee.
The City shall pay the Authority Bond Payments in semiannual installments in the amounts and at the times set forth in Appendix B, which amounts reflect the City’s Allocable Share of the preliminary debt service schedule set forth in the RESCU WIFIA Loan Agreement and the WWTP WIFIA Loan Agreement.
The City shall pay all default interest incurred by the Authority under the WIFIA Loan Agreements as a result of a failure of the City to pay its Allocable Share of principal and interest under the WIFIA Loan Agreements in a timely manner.
The City shall pay its Allocable Share of any default interest incurred by the Authority under the WIFIA Loan Agreements (other than default interest incurred as a result of another Member failing to pay its allocable share of principal and interest under the WIFIA Loan Agreements).