Examples of Loan Repayments in a sentence
Unless otherwise permitted by law, the provisions of SDCL § 9- 40-18 shall apply to this Loan Agreement, and, accordingly, the taxing powers of the Borrower may not be used to pay any Loan Repayment, and no funds or property of the Borrower other than those referred to in Section 5.5 may be used to pay Loan Repayments.
As required or authorized by SDCL § 9-40-16, the Borrower shall set aside in a separate account on a monthly basis the portion of its System income and revenues necessary to pay the Loan Repayments.
If Appendix A describes two or more separate projects as making up the Project, a separate Completion Certificate shall be delivered for each but, subject to Section 5.1, Loan Repayments will not begin until all such projects are complete.
The Borrower shall pay all Loan Repayments and Administrative Expense Surcharges in lawful money of the United States of America to the Trustee.
Accordingly, pursuant to SDCL § 9-40-18 the taxing powers of the Borrower may not be used to pay any Loan Repayment, and no funds or property of the Borrower other than those referred to in the preceding paragraph may be used to pay Loan Repayments, except as may be otherwise provided by law.