Section 37.17.570. BIDCO capitalization loan repayment and interest.

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   (a) A BIDCO capitalization loan must be structured so that the full amount of the principal is due in a lump sum at the end of the loan term.
   (b) Interest on a BIDCO capitalization loan accrues during the loan term and is due at the end of the loan term.

Notes

History

(Sec. 5 ch 2 SLA 2004)

                    
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