Examples of Interim Period in a sentence
The Final Requisition shall be submitted by the Borrower/Grantee within the Interim Period.
The Interim Period may be extended only as approved in writing by an Authorized Officer of the NMFA, based on the Borrower/Xxxxxxx’s demonstration, to the reasonable satisfaction of the Authorized Officer of the NMFA, that unanticipated circumstances beyond the control of the Borrower/Grantee resulted in delaying the acquisition and completion of the Project, and submission of the Borrower/Xxxxxxx’s Final Requisition.
The Loan Amount shall be pre-payable by the Borrower/Grantee at the conclusion of the Interim Period without penalty.
The Loan Amount and Administrative Fee shall be payable by the Borrower/Grantee to the Lender/Grantor in annual installments on June 1 beginning after expiration of the Interim Period and continuing through the expiration of the last Loan Payment due as outlined in the Final Debt Service Schedule.