Loans and Interest. Section 2.1 Loans. . . . . . . . . . . . . . . .8 Section 2.2 Making the Loans.. . . . . . . . . 10 Section 2.3 Note.. . . . . . . . . . . . . . . 10 Section 2.4 Interest.. . . . . . . . . . . . . 11 Section 2.5
Loans and Interest. (a) The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.
Loans and Interest. (a) Each Conduit Loan and each Facility Loan shall accrue interest computed and payable in accordance with the terms of the Loan Agreement.
Loans and Interest. 12 ------------------ 2.1 REVOLVING CREDIT FACILITY................................................................... 12 ------------------------- 2.2 LETTER OF CREDIT FACILITY................................................................... 15 ------------------------- 2.3 EVIDENCE OF LOANS........................................................................... 17 ----------------- 2.4 LOAN PAYMENTS............................................................................... 17 -------------
Loans and Interest. (a) Each HSFC Loan shall accrue interest computed and payable in accordance with the terms of the HSFC Loan Agreement, and each Conduit Loan and each Facility Loan shall accrue interest computed and payable in accordance with the terms of the Conduit Loan Agreement.
Loans and Interest. 7 SECTION 2.2.9. Construction Period Accrued Interest, Construction Period Accrued Yield and Construction Period Fees...........................7 SECTION 2.2.10. Final Completion Advance.............................................8 SECTION 2.3. Computations and Notice of Rates.............................................8 SECTION 2.4. Overdue Payments.............................................................9 SECTION 2.5. Confirmation of Participants and the Other Parties..........................10
Loans and Interest. No interest shall be paid on the Capital Contributions of the Limited Partners. Nevertheless, any Limited Partner may make unsecured loans to the Partnership on terms to which such lending Limited Partner and the General Partners agree.
Loans and Interest. Subject to all the terms and conditions of this Agreement:
Loans and Interest. During the term of the Partnership, no interest shall be allowed to any Partner upon the amount of such Partner's capital account or Capital Contributions. The Partnership may borrow funds from a Partner as and when required hereunder, and otherwise from a Partner or an affiliate of a Partner only if the General Partner prepares a financial forecast on the date thereof, and based on the actual losses to such date, reasonably believes that such loan would not result in a reallocation of projected tax benefits among the Partners such that there would be a reduction in the Tax Credits allocable to the Limited Partners from those projected in Schedule 1 to Exhibit B. Except for those loans and advances by the General Partner which are required hereunder to be interest free, in the event that the Partnership borrows any funds from any Partner or an affiliate of a General Partner, such Partner or affiliate of a General Partner shall be paid that rate of interest which is the greater of Ten per cent (10%) er annum and the Applicable Federal Rate in effect on the date of such loan, and such loan shall be accounted for as a liability of the Partnership.
Loans and Interest. (a) Subject to the terms and conditions set forth in this Note, Parent shall make a loan (the “Loan”) to the Company on [●] (such day, the “Funding Date”) in a principal amount equal to [●].
