Examples of Assessment Payments in a sentence
Borrower has received from [Administrator / Lender] information and disclosure on the costs and risks associated with participating in the Program, including risks related to the failure of Borrower to pay the Assessment Payments and remedies related thereto.
Assessment Payments are due and payable in equal installments over a term of [ ] ([ ]) years, at such times and in such amounts as set forth in Exhibit [ ].
Such assignment shall include only the County's right, title and interest in and to the Assessment Payments and the Lien, and the County shall retain all of its other rights and remedies, including any special powers of enforcement or collection to which the County, by virtue of its status as a political subdivision of the Commonwealth, is entitled or empowered to exercise under applicable laws of the Commonwealth.
Upon such assignment, Xxxxxx shall be responsible, subject to and in accordance with the terms of this Agreement, for all billing, collection, enforcement and administrative duties in respect of each of the Loan, the Assessment Payments and the Lien.
Borrower shall repay the Loan by making Assessment Payments, as described in the Lien, as may be amended, and set forth in Exhibit [ ].
Any interest, fees, costs or expenses provided for herein that are not financed as part of the Loan, including, without limitation, [interest on delinquent payments as described in Section 2.4 herein],3 shall be billed and collected separately by Xxxxxx, and shall not be collected through Assessment Payments.
This Section shall survive the execution, delivery, performance and repayment of the Transaction Documents, the Assessment Payments and the Loan, and the extinguishment of the Lien.
Delinquent Assessment Payments shall incur a late payment penalty of [ ] percent ([ ]%) of such amount, and interest shall accrue on delinquent balances (including principal, interest and fees), until paid in full, at the lesser of [ ] percent ([ ]%) per annum or the maximum per annum rate permitted by law.