Repayment clause definition

Repayment clause means the obligation of a seller exercising a repayment option to pay 95 percent of the price differential to a municipality at closing for use in the municipal housing plan.
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Repayment clause means the obligation of a seller exercising a repayment option to pay 95 percent of the price differential to Montville Township at closing for use in the municipal housing plan of Montville Township.
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Examples of Repayment clause in a sentence

  • The LPA expressly agrees to promptly repay all funds paid to it under this Agreement should it stop dues payments to the IMPO, and the LPA will be required to repay the IMPO the full Federal Funds Exchange portion of the project as described in Attachment A of this Agreement per the Repayment clause in Section 8(D).

  • The following clauses shall survive termination of the Usage Agreement: clause 6 (Risk in the Project), clause 7 (Insurance), clause 8 (Expiry, Termination, Cessation and Repayment), clause 9(Freedom of Inf ormation), clause 10 (General Provisions), clause 11 (Entire Agreement), clause 13 (Dispute Settlement), clause 14 (Complaints and Appeals) and clause 15 (Governing Law and Jurisdiction).

  • The LPA expressly agrees to promptly repay all funds paid to it under this Agreement should it stop dues payments to the IMPO, and the LPA will be required to repay the IMPO the full [INSERT FUND NAME(S) FROM SECTION 1] portion of the project as described in Attachment A of this Agreement per the Repayment clause in Section 8(D).

  • Clause 2.2 (Acknowledgment of support), clause 5 (GST), clause 7 (Repayment), clause 8.2 (Reporting), clause 8.3 (Evaluation), clause 10 (Intellectual Property Rights), clause 11 (Indemnity), clause 12 (Insurance), clause 14 (Protection of personal information), clause 16 (Books and records), clause 17 (Audit and access), and clause 21.2 (Amounts due to Commonwealth) survive the expiry or termination of this agreement.

  • Amounts repaid under clause 10.1 (Repayment) and clause 10.2 (Final Repayment), clause 14.5 (Mandatory Prepayment) or clause 14.8 (Warrants) will not be available for redrawing and the Tranche B Tranche Amount will be permanently reduced by the amount repaid.

  • The LPA expressly agrees to promptly repay all funds paid to it under this Agreement should it stop dues payments to the IMPO, and the LPA will be required to repay the IMPO the full Federal Fund Exchange program portion of the project as described in Attachment A of this Agreement per the Repayment clause in Section 8(D).