Note Term Clause Samples

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Note Term. The Loan shall be evidenced by the Note, which Note (i) shall be dated the Funding Date; (ii) shall be for a term equal to the Note Term, commencing on the Funding Date and ending on the Maturity Date, and (iii) shall be payable on each Installment Payment Date in sixty (60) consecutive monthly installments of principal and interest, commencing February 1,2006, with the first twenty-four (24) such installments to be in the amount of U.S.$401,041.67 and the next thirty-six (36) such installments to be in the amount of U.S.$218,750; provided, further, that the Note shall bear interest from the date thereof on the unpaid principal amount thereof at the Applicable Interest Rate at all times while any amounts are outstanding under the Note during the Note Term.
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Note Term. The term of the note shall be extended from August 30, 2007 to May 30, 2008 when all accrued interest and principal shall be due and payable.
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Note Term. Notwithstanding anything stated herein to the contrary, nothing in this Agreement shall limit the full Note amount from being accelerated or foreclosed upon as authorized in this Agreement, or as authorized in the terms of the Note or under applicable UCC laws. (§303) Commencement of Five Year Operation Date. The Commencement Date for determining the start of the five-year period of required operations shall be the date that Operator shall have timely completed construction of the Project in accordance with all requirements of this Agreement and obtained a Certificate of Occupancy. If the Project is not fully completed, and the Commencement Date has not been fully established, on or before January 1, 2019, Operator shall be deemed to be in default of this Agreement and the Note shall be accelerated. woW:classic GH11 EBA 13 (§304)Termination of City Obligation to Disburse Loan. Operator understands and agrees that City intends to fund this loan from certain bond proceeds and that City's obligation to pay the City Loan is contingent upon approval by the Department of Finance of the Grand Terrace Successor Agency Last and Final ROPS and bond expenditure agreement,which approval is a condition precedent to City's obligations hereunder. In addition, City's obligation to pay the City Loan to Operator shall terminate upon the occurrence of any of the following, whichever is first to occur- (I) In the event the Project has not been completed according to the requirements of this Agreement, and the Commencement Date has not been fully established by January 1, 2019; (ii) The date upon which the total cumulative amount of all City Disbursements of the City Loan provided by City to Operator shall equal $50,000.00 taking into account all payments made by City to Operator under this Agreement; (ill) The date on which Operator defaults in complying with any material provision of this Agreement, including but not limited to a default in any of the use restrictions and covenants contained herein, as to which any applicable cure period has expired. (§305) Repayment Repayment of the Note, including all principal and accrued interest, shall be made In annual payments of $10,000, subject to the following adjustments and as more specifically set forth in Attachment No. 5. Each year, upon verification that Operator Is not then in breach of the Agreement, including but not limited to the employment requirements, the Operator shall be credited by $9,000 during years 1-3 and by $5...
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Note Term. The term of this Note and Agreement is beginning June 1, 2020, and ending June 30, 2023.
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Related to Note Term

  • Effective Date; Term This Agreement shall become effective on the date of its execution and shall remain in force for a period of two (2) years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Trust or the Adviser, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that this Agreement may be continued "annually" shall be construed in a manner consistent with the Act and the rules and regulations thereunder.

  • Fixed Term This Agreement is concluded for a fixed term specified in the ‘Contract Term’ section of the Order Form. Neither Party can terminate this Agreement for convenience, however any rights of termination for cause remain unaffected.

  • Coverage Term All insurance required herein shall be maintained in full force and effect until all work or services required to be performed under the terms of this Agreement are satisfactorily performed, completed and formally accepted by the City, unless specified otherwise in this Agreement.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Term of the Loan All principal, interest and other sums due under the Loan Documents shall be due and payable in full on the Maturity Date.