Provision of the Loan. The Borrowers applied to the Lender for the Loan. The Lender agreed to provide the Loan to the Borrowers and disbursed the Loan in full to the Borrowers on the date determined by the the Lender and the Borrowers.
Provision of the Loan. In connection with the Agreement, Xxxx Xx Xxxxxx has from time to time granted loans to LFD Pymble as LFD Pymble’s 30% contribution for the settlement of the development costs of the Project. As at the date of this announcement, Xxxx An Pymble granted the Loan in the aggregate amount of approximately A$14,385,000 (equivalent to approximately HK$76,816,000) to LFD Pymble for the Term at an interest rate of 12% per annum. For further details of the terms of the Loan, please refer to the Previous Announcement.
Provision of the Loan. The Board is pleased to announce that on 2 August 2021, the Loan Agreement was entered into between Oi Wah PL as lender and the Customer as borrower. Pursuant to the Loan Agreement, Oi Wah PL has agreed to grant the Loan to the Customer for a term of 12 months. The principal terms of the Loan Agreement are set out as follows: LOAN AGREEMENT Date of the agreement: 2 August 2021 Lender: Oi Wah PL Borrower: The Customer Principal: HK$35,000,000.00 Interest rate: 11% per annum Term: 12 months commencing from the drawdown date Security: A first legal charge/mortgage in respect of a residential property located in Central Mid-Levels with valuation conducted by an independent property valuer on 14 July 2021 with an amount of approximately HK$110,000,000.00 as at 14 July 2021 Repayment: The Customer shall repay the interests on a monthly basis with the principal amount to be repaid at loan maturity Early redemption: An administrative fee of HK$962,500.00 is payable if the Loan is fully repaid within 3 months from the drawdown date Other terms of the Loan Agreement Pursuant to the Loan Agreement, the Loan is guaranteed by the Merchant. The mortgaged property under the Loan Agreement is insured against fire risks with an insurance company approved by Oi Wah PL.
Provision of the Loan. Pursuant to the Agreement, XXX Xxxxxx agreed to provide the Loan in the amount of A$49,155,000 (equivalent to approximately HK$262,979,000) to PCC for the purposes of funding the acquisition of the Land and the development costs of the Project. DEED OF PARTICIPATION On 6th December, 2019, TAC Lennox, PCC and EQ Equity entered into the Deed of Participation, pursuant to which, XXX Xxxxxx agreed to pay PCC A$13,145,000 (equivalent to approximately HK$70,326,000) as the Participation Fee in consideration of the participation in the joint development of the Project.
Provision of the Loan. 2.1. Upon execution of the APA and subject to the delivery to the Company of the Pledge Documents as provided below, the Lender shall provide the Borrower a loan in an aggregate amount of NIS 1,000,000 (the “Loan”)
Provision of the Loan. The Borrower requests the Lender to provide the Loan. The Lender agrees to provide the Loan to the Borrower and the Lender paid the full amount of the Loan to the Borrower on July 10, 2010.
Provision of the Loan. Subject to the terms and conditions of this Agreement, OEP and CHME shall give a written instruction along with other necessary documents to the Escrow Agent to provide the Loan from the Escrow Account to a Hong Kong bank account of CHME, as designated in writing by CHME in advance.
Provision of the Loan. 2.7.1 The Loan shall be provided to the Seller within 5 Business Days of the date of execution of this Agreement (heretofore and hereinafter, the “Date of Provision of the Loan”).
Provision of the Loan. The Lender will fund the Loan proceeds as provided in Section 2 above within 2 days of the execution of this Agreement on best efforts basis. 5.
