Examples of Reimbursement Note in a sentence
Budget & Funding Limit (GST Exclusive) Note: Set out estimated total cost of project (GST Exclusive) Authority Reimbursement Note: Set out if Community Organisation will be able to seek reimbursement of cost incurred for the project, the invoicing arrangements and percentage of costs to be reimbursed by Authority if a co-contribution arrangement is established.
Payment to RUS of all amounts due under the Reimbursement Note after such an acceleration shall satisfy in full all obligations of the Borrower under the Bond and Reimbursement Note and all corresponding obligations under the other Bond Documents, including any obligations to reimburse RUS for any payments thereafter made by RUS under the RUS Guarantee.
This Agreement shall terminate upon the indefeasible payment in full of all amounts payable hereunder, under the Reimbursement Note and under the Guaranteed Bond.
Payment by the Borrower to RUS of amounts due under the Reimbursement Note shall satisfy pro tonto the corresponding obligations of the Borrower under the Bond.
If an Event of Default occurs, and RUS purchases from FFB the Bond in its entirety in the manner provided in Section 13.5 of the Bond Purchase Agreement, then the entire purchase price shall be included in the Principal Amount of the Reimbursement Note as defined therein and shall be immediately due and payable to RUS.