Service Obligation. As determined by RUS, the Awardee has willfully failed to provide the Service Obligation on the Project, which the Awardee acknowledges, shall give rise, should the debt be accelerated, to the government’s claim for the return of federal grant funds used to subsidize the interest rate; and/or
Appears in 2 contracts
Sources: Loan and Security Agreement (OLD MARKET CAPITAL Corp), Loan and Security Agreement
Service Obligation. As solely determined by RUS, the Awardee has willfully failed to provide the Service Obligation on the Project, which the Awardee acknowledges, shall give rise, should the debt be accelerated, to the government’s claim for the return of federal grant funds used to subsidize the interest rate; and/or
Appears in 1 contract
Sources: Loan Agreement