Common use of The Loan and Rate Clause in Contracts

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $500,000.00, to be repaid in annual installments of $33,333.34, each payment to include interest at 0.0% per annum, the first such payment to be due , 2015, and annually thereafter for a period of fifteen years and until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $500,000.00250,000.00, to be repaid in annual installments of as follows: $33,333.34252,500 due on April 1, each 2023. Said payment to include includes interest at 0.0(1.0% per annum, the first such payment to be due , 2015, and annually thereafter for a period of fifteen years and until the entire balance is paid in full). If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $500,000.0050,000.00, to be repaid in annual installments of as follows: $33,333.3451,000 due on July 15, each 2023. Said payment to include includes interest at 0.0(2.0% per annum, the first such payment to be due , 2015, and annually thereafter for a period of fifteen years and until the entire balance is paid in full). If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $500,000.00, to be repaid in ten annual installments of $33,333.3450,000.00, each payment to include interest at 0.0% per annum, the first such payment to be due , 20152020, and annually thereafter for a period of fifteen years and until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $500,000.00260,000.00, to be repaid in ten annual installments of $33,333.3426,000.00, each payment to include interest at 0.0% per annum, the first such payment to be due April 3, 20152018, and annually thereafter for a period of fifteen years and until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $500,000.00100,000.00, to be repaid in fifteen annual installments of $33,333.346,666.67, each payment to include interest at 0.0% per annum, the first such payment to be due July 1, 20152017, and annually thereafter for a period of fifteen years and until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.

The Loan and Rate. Subject to the terms and conditions of this Agreement and the approval of the Lexington City Council, the Lender agrees to loan the sum of $500,000.00230,000.00, to be repaid in annual installments of $33,333.3423,000.00, each payment to include interest at 0.0% per annum, the first such payment to be due July 1, 2015, and annually thereafter for a period of fifteen years and until the entire balance is paid in full. If the date of payment falls on a Federal Bank Holiday or weekend, the payment shall be made the following business day.