Examples of Additional Loan Payments in a sentence
Should the Division fail to pay the Additional Loan Payments enumerated in above when due, the Division agrees to pay interest on such unpaid amounts from such date at the rate of 10% per annum.
Any overdue Additional Loan Payment shall bear interest from the date due until paid at the Post-Default Rate for such Additional Loan Payments specified in the Indenture.
When due, the Trustee shall transfer an amount equal to the Additional Loan Payments (as defined in the Loan Agreement) from the Public Safety Charges Revenue Fund to the Bond Fund.
Such Additional Loan Payments shall be billed to the Borrower by the Lender from time to time, together with a statement certifying that the amount billed has been incurred or paid by the Lender for one or more of the above items.
Such Additional Loan Payments shall be billed to the University by the Authority or the Bond Trustee, from time to time.
The University agrees to promptly reimburse the Authority for the costs of such coverage, such amounts constituting Additional Loan Payments due by the University to the Authority pursuant to Section 2.10 of this Agreement.
The University understands and agrees that redemption premium, if any, and costs and expenses of the Authority and the Trustee in connection therewith will also be payable by the University as Additional Loan Payments pursuant to Section 2.10 of this Agreement.
The University understands and agrees that redemption premium, if any, and costs and expenses of the Authority and the Bond Trustee in connection therewith will also be payable by the University as Additional Loan Payments pursuant to Section 2.10 of this Agreement.
Notwithstanding any such prepayment, as long as any Bonds remain Outstanding or any Additional Loan Payments required to be made hereunder remain unpaid, the University will not be relieved of its obligations hereunder.
Section 3.1 Basic Loan Payments 8 Section 3.2 Additional Loan Payments 9 Section 3.3 Overdue Payments 10 Section 3.4 Execution and Delivery of Guaranty Agreement 10 Section 3.5 Non-Liability of Issuer 10 Section 3.6 Waiver of Personal Liability 11 Section 3.7 Unconditional Obligation of the Company 11 Section 3.8 Security for Payments Under the Series 2015 Bonds 11 Section 3.9 Warranty of Title.