Examples of Funding Loan Agreement in a sentence
If by the terms of this Governmental Lender Note or of the Funding Loan Agreement, Obligor is required to pay interest at a rate in excess of such Maximum Rate, the rate of interest hereunder or thereunder shall be deemed to be reduced immediately and automatically to such Maximum Rate, and any such excess payment previously made shall be immediately and automatically applied to the unpaid balance of the principal sum hereof and not to the payment of interest.
AUSTIN HOUSING PUBLIC FACILITY CORPORATION, as Governmental Lender By: Name: Xxxxx XxXxxx Title: Treasurer ATTEST: By: Name: Xxxxx Xxxx Title: Secretary CERTIFICATE OF AUTHENTICATION This Governmental Lender Note is issued under the provisions of and described in the within mentioned Funding Loan Agreement.
This Governmental Lender Note is subject to all of the terms, conditions, and provisions of the Funding Loan Agreement, including those respecting prepayment and the acceleration of maturity.
Notwithstanding any other provision of the Funding Loan Agreement to the contrary, THE GOVERNMENTAL LENDER SHALL BE OBLIGATED TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON, THIS GOVERNMENTAL LENDER NOTE SOLELY OUT OF THE SECURITY, INCLUDING PLEDGED REVENUES.
This Governmental Lender Note is a special limited obligation of the Obligor, payable solely from the Pledged Revenues and the other funds and moneys and security pledged and assigned under the Funding Loan Agreement.