Prepayment Option Commencement Date Sample Clauses

The Prepayment Option Commencement Date clause defines the specific date from which a borrower is permitted to begin making early repayments on a loan without incurring penalties. Typically, this date is set after an initial lockout period, during which prepayment is restricted, and is clearly stated in the loan agreement. By establishing a clear commencement date for prepayment rights, this clause provides certainty to both lender and borrower, helping to manage expectations and prevent disputes regarding when early repayment is allowed.
Prepayment Option Commencement Date. For purposes of Section 10.01 of the Agreement, the Prepayment Option Commencement Date is May 1, 2024.
Prepayment Option Commencement Date. For purposes of Section 10.01 of the Agreement, the Prepayment Option Commencement Date is December 1, 2019.
Prepayment Option Commencement Date. For purposes of Section 10.01 of the Agreement, the Prepayment Option Commencement Date with respect to the Lease created by the Schedule to which this Payment Schedule is attached is , 20 . LESSOR: LESSEE: BANC OF AMERICA PUBLIC CAPITAL CORP CITY OF SAN JOSE, CALIFORNIA By: By: Name: Name: Title: Title: EXHIBIT C-1 FORM OF AUTHORIZING RESOLUTION A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN ▇▇▇▇, AUTHORIZING THE EXECUTION AND DELIVERY OF A MASTER EQUIPMENT LEASE/PURCHASE AGREEMENT WITH BANC OF AMERICA PUBLIC CAPITAL CORP, AS LESSOR, AND SEPARATE SCHEDULES THERETO FOR THE ACQUISITION, PURCHASE, FINANCING AND LEASING OF CERTAIN EQUIPMENT THAT CONSTITUTES AN ENERGY CONSERVATION FACILITY; AUTHORIZING THE EXECUTION AND DELIVERY OF OTHER DOCUMENTS REQUIRED IN CONNECTION THEREWITH; AND AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION.
Prepayment Option Commencement Date. For purposes of Section 10.01(a) of the Agreement, the Prepayment Purchase Option Commencement Date is . LESSOR: Banc of America Public Capital Corp By: Name: Title: LESSEE: City of Flagstaff, Arizona By: Name: Title: EXHIBIT C-1 FORM OF AUTHORIZING ORDINANCE AN ORDINANCE OF THE GOVERNING BODY OF THE CITY OF FLAGSTAFF, ARIZONA, AUTHORIZING THE EXECUTION AND DELIVERY OF AN EQUIPMENT LEASE/PURCHASE AGREEMENT (ACQUISITION FUND – ARIZONA) WITH RESPECT TO THE ACQUISITION, INSTALLATION, PURCHASE, FINANCING AND LEASING OF CERTAIN RENEWABLE ENERGY EQUIPMENT FOR THE PUBLIC BENEFIT; AUTHORIZING THE EXECUTION AND DELIVERY OF DOCUMENTS REQUIRED IN CONNECTION THEREWITH; AND AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION.
Prepayment Option Commencement Date. For purposes of Section 10.01 of the Agreement, the Prepayment Option Commencement Date for this Equipment Schedule is
Prepayment Option Commencement Date. For purposes of Section 10.01(a) of the Agreement, the Prepayment Option Commencement Date is 1, 20 . DATED this day of , [2010/2011]. CITY OF SAN DIEGO, CALIFORNIA, as Lessee By: Name: Title: BANC OF AMERICA LEASING & CAPITAL, LLC, By: Name: Title: ATTACHMENT B FORM OF OPINION OF COUNSEL TO ▇▇▇▇▇▇ Banc of America Leasing & Capital, LLC ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Mail Code: MD5-032-07-05 ▇▇▇▇ Valley, MD 21031 Attn: Contract Administration Re: Taxable QECB Equipment Lease Agreement dated as of , [2010/2011], between Banc of America Leasing & Capital, LLC, as Lessor, and City of San Diego, California, as Lessee Ladies and Gentlemen: This office is counsel to the City of San Diego, California (the “Lessee”) and in that capacity we have examined (a) an executed counterpart of that certain Agreement to Execute Lease dated , [2010/2011] (the “Agreement to Execute Lease”) between Banc of America Leasing & Capital, LLC and the Lessee, (b) an executed counterpart of that certain Taxable QECB Equipment Lease Agreement, dated as of , [2010/2011] (the “Agreement”), and Attachments thereto, between Banc of America Leasing & Capital, LLC (the “Lessor”) and the Lessee, which, among other things, provides for the lease of certain property (the “Energy Conservation Equipment”), (c) an executed counterpart of that certain Acquisition Fund and Account Control Agreement dated as of , [2010/2011] (the “Acquisition Fund Agreement”) among the Lessor, the Lessee and Deutsche Bank National Trust Company, as Acquisition Fund Custodian, (d) a certified copy of the ordinance of the governing body of the Lessee with respect to the transaction contemplated by the Agreement to Execute Lease, the Agreement and the Acquisition Fund Agreement (collectively, the “Transaction Documents”) and documents related thereto and (e) such other opinions, documents and matters of law as we have deemed necessary in connection with the following opinions. This opinion of counsel is delivered in accordance with Section 3.04(a)(vi) of the Agreement. As a result of our examination of the Transaction Documents and such other examinations as we deemed appropriate, we have advised the Lessee and hereby indicate to Banc of America Leasing & Capital, LLC, as Lessor, that, in our opinion:
Prepayment Option Commencement Date. For purposes of Section 10.01 of the Agreement, the Prepayment Option Commencement Date is . [Signature Page Follows] LESSOR: LESSEE: Banc of America Public Capital Corp County of San ▇▇▇▇▇▇, California By: Name: Title: By: Name: Title: [Signature Page to Exhibit B Payment Schedule of Equipment Lease/Purchase Agreement] Exhibit C-1 Form of Authorizing Resolution [▇▇▇▇▇ Hall to provide Resolution] The undersigned, a duly elected or appointed and acting County Clerk of the Lessee identified in the above Resolution No. (the “Resolution”), hereby certifies that the Resolution is a full, true and correct copy of such Resolution as adopted by the governing body of the Lessee on , 20 . The Resolution is in full force and effect on the date hereof and has not been amended, modified or otherwise changed by the governing body of the Lessee since the date of adoption of the Resolution. DATED this day of , 20 . Name: Title: Exhibit C-2 Form of Incumbency and Authorization Certificate The undersigned, a duly elected or appointed and acting County Clerk of the County of San ▇▇▇▇▇▇, California (“Lessee”) certifies as follows:
Prepayment Option Commencement Date. For purposes of Section 9.01 of the Installment Sale Agreement, the Prepayment Option Commencement Date is . Seller: District: Banc of America Public Capital Corp Mission Springs Water District By: Name: Title: By: Name: ▇▇▇▇ ▇▇▇▇▇▇ Title: President of the Board of Directors The undersigned, the duly appointed and acting Interim General Manager of the Mission Springs Water District (“District”) certifies as follows:
Prepayment Option Commencement Date. For purposes of Section 10.01 of the Agreement, the Prepayment Option Commencement Date is , 20 . LESSOR: LESSEE: Banc of America Leasing & Capital, LLC County of Merced, California By: Name: Title: By: Name: Title: EXHIBIT C-1 FORM OF AUTHORIZING RESOLUTION EXHIBIT C-2 FORM OF INCUMBENCY AND AUTHORIZATION CERTIFICATE The undersigned, a duly elected or appointed and acting [County Clerk] of the County of Merced, California (“Lessee”) certifies as follows:
Prepayment Option Commencement Date. For purposes of Section 10.01 of the Agreement, the Prepayment Option Commencement Date is . LESSOR: LESSEE: Banc of America Public Capital Corp City of Avondale, Arizona By: By: Name: Name: Title: Title: A Resolution of the governing body of City of Avondale, Arizona, authorizing the execution and delivery of a Tax-Exempt Equipment Lease/Purchase Agreement with respect to the acquisition, purchase, Financing and leasing of certain equipment for the public benefit; authorizing the execution and delivery of documents required in connection therewith; and authorizing the taking of all other actions necessary to the consummation of the transactions contemplated by this resolution.