Credit of Collections to Debt Balance. The Creditor Agency has notified Fiscal Service, via an Update Record, of any changes to the Debt’s balance as a result of collections received directly by the Creditor Agency.
Credit of Collections to Debt Balance Sample Clauses
Related to Credit of Collections to Debt Balance
Loan Payments (a) The Loan shall bear interest at a fixed rate per annum equal to the Note Rate. Interest shall be computed based on the daily rate produced assuming a three hundred sixty (360) day year, multiplied by the actual number of days elapsed. Except as otherwise set forth in this Agreement, interest shall be paid in arrears.
Available Funds $ 1,258,952.18 ---------------
