Examples of Financing in a sentence
Prior to receiving written notice of an Event of Default from the Bank, OHCS shall be entitled to retain for its own account all regularly scheduled payments due and payable under and pursuant to the respective Property Financing Documents to which it is a party.
If the City exercises its option to prepay the Financing Payments in whole or in part, unless the Agency consents in advance and in writing, the Agency shall not be obligated to prepay the amounts due from it under this Intergovernmental Agreement.
Nothing contained in this Agreement shall create any pecuniary liability of OHCS for any amounts due to the Bank under any of the Property Financing Documents, except as set forth in Section 5 of this Agreement.
Neither the City nor the owner of the Financing Agreement shall have a lien on or security interest in the Project.
The amounts and dates of the Financing Payments are shown in Exhibit A.