P RO PE RT Y F IT Financing Sample Clauses
P RO PE RT Y F IT Financing. Capital Provider agrees to provide the P RO PE RT Y F IT Financing for the Project in the amount of $ , pursuant to the terms and conditions of the Transaction Documents a list of which is attached hereto as EXHIBIT F – LIST OF TRANSACTION DOCUMENTS (the “Transaction Documents”.) In consideration of the P RO PE RT Y F IT Financing provided or to be provided by Capital Provider to the Project, and subject to the terms and conditions of this Capital Provider Agreement, Local Government agrees to enforce the Benefit Assessment Lien for benefit of Capital Provider until the P RO PE RT Y F IT Financing, all contractual interest and program administration fees according to the Transaction Documents, including any statutory penalties, interest, attorney’s fees, or costs accrued in the event of default are paid in full. In the event of foreclosure by Local Government of the Benefit Assessment Lien, the Program Administrator may exercise the rights of a municipal local improvement district assessment on behalf of the Local Government to preserve a right to the distribution of proceeds under ORS 275.275 for the benefit of Capital Provider.
P RO PE RT Y F IT Financing. Property Owner acknowledges that in consideration of the P RO PE RT Y F IT Financing provided or to be provided by Capital Provider to the Project, and subject to the terms and conditions of the Capital Provider Agreement, Local Government will maintain and continue the Benefit Assessment Lien for benefit of the Capital Provider until the P RO PE RT Y F IT Financing, all contractual interest and program administration fees according to the Transaction Documents, including any statutory penalties, interest, attorney’s fees, or costs accrued in the event of default are paid in full. In the event of foreclosure by Local Government of the Benefit Assessment Lien, the Program Administrator may exercise the rights of a municipal local improvement district assessment on behalf of the Local Government to preserve a right to the distribution of proceeds under ORS 275.275 for the benefit of Capital Provider.
