Common use of Alternative No Clause in Contracts

Alternative No. 1: 3.1 Recipient agrees to begin practicing full-time in the Community within 90 days after Recipient completes their physician assistant training program. 3.2 Recipient agrees to practice full-time in the Community, one month for each month the loan was received, with no credit being granted for anything less than twelve (12) months. The period shall begin on the date Recipient begins to practice full-time in the Community. 3.3 If Recipient practices full-time in the Community for at least twelve (12) months, but less than the total obligation, then the Commission shall give the Recipient $1,000.00/month credit for the sum total of the months spent in the Community. 3.4 Recipient's obligation to practice full-time in the community or to repay the Loan as provided in this Agreement is absolute. Exceptions for exigent circumstances, including, but not limited to, financial problems, bankruptcy, family or personal problems, illness or injury, may be granted at the discretion of the Commission.

Appears in 2 contracts

Sources: Repayment Agreement and Promissory Note, Repayment Agreement and Promissory Note