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<br />, <br /> <br />II <br /> <br />~ <br /> <br />(c) The United State~ shall not be a party to, or <br />obligated in any manner by, contrac1:S entered into between the <br />Company and other parties pursuant 1:0 this contract. <br /> <br />RLPAYMENT BY THL COMPANY <br /> <br />10. (a) Upon substantial completion of the project, or <br />such part thereof as the funds actu~lly made available pursuant to <br />the terms of this contract will eco~omically and beneficially <br />complete, as determined by the Contracting Officer, or if declared <br />completed pursuant to theprovision$ of Article 11(a)(2) hereof, <br />the Company shall return to the Uni1:ed States any unexpended, <br />unobligated, and unencumbered balances of funds advanced by the <br />United States. The United States snall thereupon render to the <br />Company a statement of the total amount of money repayable to the <br />Uni ted States under the terms of this, contract, ,ihich total amount <br />(hereinafter called the loan Obligation) shall ,be the sum of all <br />funds advanced to the Company hereu~der, interest charges accrued <br />under provisions of Article 5(d) hereof; and all costs of the <br />United States as identified in Article 8 hereof, less the amount <br />of any unexpended, unobligated, and unencumbered balances of funds <br />returned to the United States as hereinabove provided, and less <br />the $1,000 heretofore advanced by tne Company with its proposal, <br />and less any repayments made by the Company in accordance with <br />subarticle (d) of this article. The loan obligation shall bear <br />no interest except to the extent provided in Articles 10(c), 10(e) <br />and 18 hereof. <br /> <br />(b) The loan obligation shall be repaid by the Company <br />in not to exceed fifty (SO) successive annual principal installments <br />as follows: <br /> <br />Installments <br /> <br />1 through 10 <br /> <br />$15,600 <br /> <br />11 through 50 <br /> <br />$19,900, or one fortieth (1/40th) <br />of the loan obligation remaining <br />unpaid after the payment of the <br />tenth installment. <br /> <br />The first installment shall become due in the year following that <br />in which the project is substantially completed in accordance with <br />the terms of this contract and the benefits therefrom are substantially <br />available to the project water users, as determined by the Contracting <br />Officer. Such installments as provided in (b) hereof and interest <br />thereon as provided in (c) and (e) hereof shall be payable on <br />June 20 each year. <br /> <br />8 <br />