Negative Surplus Cash. If Surplus Cash is negative in any year during the Term of the Gap Financing Loan, no annual payment shall be due for that year, but interest shall continue to accrue on the principal balance of the Note.
Appears in 2 contracts
Samples: Gap Financing Loan Agreement, CDBG Piggyback Program Gap Financing Loan Agreement
Negative Surplus Cash. If Surplus Cash is negative in any year during the Term of the Gap Financing Loan, no annual payment shall be due for that year, but interest shall continue to accrue at the Interest Rate on the principal balance of the Gap Financing Note.
Appears in 2 contracts
