Common use of Yield Maintenance Clause in Contracts

Yield Maintenance. The CoPACE Financing Amount may not be prepaid, in whole or in part, without payment of a Pre-payment Premium based on the following schedule/formula: {Pre-payment within five years of the Repayment Start Date 5%} {Pre-payment after five years of the Repayment Start Date but within ten years of the Repayment Start Date 3%} {Pre-payment after ten years of the Repayment Start Date 0%} {or add Yield Maintenance or other agreed prepayment formula} Capital Provider Expenses: On the Closing Date, Property Owner shall reimburse Capital Provider {$________} for payment of its attorneys’ fees, title insurance premiums and expenses, recording costs, and other expenses associated with the Closing of the transaction described in the Agreement. The Capital Provider Expenses are included in the CoPACE Financing. Amounts payable to the District and County: On the Closing Date, Property Owner shall pay the following amounts to the District to reimburse the District for its expenses in connection with the Agreement, which amounts are included in the CoPACE Financing and described in the schedule attached to the Resolution: District Program Administration Fee: [$______.00] District Closing Expenses (payable to Land Title Guarantee Company): [$______.00] The CoPACE Financing shall also include annual administrative and collection fees to be paid by the Property Owner to the District and County in the specific amounts set forth in the Amortization Schedule attached hereto and as set forth in the Resolution, and included as part of the annual Assessment Payments. Failure to Close Fee: {[$1,000.00] district applicant deposit, credited at closing. } Upfront Reserves/Accounts: {Consider if any debt service reserves could be funded – for example, during construction.}