Annual City Loan Payment definition

Annual City Loan Payment has the meaning in Section 2(b).
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Examples of Annual City Loan Payment in a sentence

  • Commencing on May 15, 2025, and on May 15 of each year thereafter during the Term, Borrower shall make a loan payment to the City in an amount equal to the sum of (1) the City Loan Prorata Percentage of the Lenders' Share of Residual Receipts and (2) the result obtained by multiplying the City Additional Prorata Share by the Local Lenders' Share of Residual Receipts (each such payment, an "Annual City Loan Payment").

Related to Annual City Loan Payment

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).