Amount and Terms of Loan Sample Clauses

Amount and Terms of Loan. The Borrower agrees to borrow from IREDA and IREDA agrees to lend to the Borrower, on the terms and conditions contained herein as also in the General Conditions, the sum mentioned in Schedule-I amounting to Rs. lakhs (Rupees only) . The said sums are hereinafter referred to as "the Loan".
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Amount and Terms of Loan. 1.1 Subject to the terms and conditions of this Agreement, the Lenders agree to loan to the Borrower, and the Borrower agrees to borrow from Lenders, funds in an aggregated principal amount of up to Five Million Two Hundred Thousand US Dollars ($5,286,306.25) (the "Loan"), in installments of One Hundred Thousand Dollars or greater (each a "Loan Disbursement").
Amount and Terms of Loan. 1. Subject to the terms and conditions herein set forth, the Lender shall lend to the Company and the Company shall borrow the sum of thirty-eight million dollars ($38,000,000).
Amount and Terms of Loan. 1.1 LOAN. Subject to all the terms and conditions of this Agreement, ---- and reliance on the representations, warranties and covenants of Borrower set forth in this Agreement, Lender agrees to loan Borrower the principal amount of Three Hundred Fifty Thousand Dollars ($350,000) (the "LOAN"). Notwithstanding the foregoing, Lender will not be obligated to make the Loan to Borrower unless and until Borrower has executed and delivered to Lender the Note (as defined in Section 1.3) and the Pledge Agreement (as defined in Section 1.4).
Amount and Terms of Loan. Lender shall loan to Borrowers the sum of up to $1,000,000.00 in connection with the Loan as follows: ------------------------------------------------------------ FUNDING DATE PRINCIPAL AMOUNT OF DRAWDOWN ------------------------------------------------------------ Upon signing this agreement $150,000.00 ------------------------------------------------------------ August 20, 2002 $200,000.00 ------------------------------------------------------------ September 15, 2002 $200,000.00 ------------------------------------------------------------ October 15, 2002 $200,000.00 ------------------------------------------------------------ November 15, 2002 $250,000.00 ------------------------------------------------------------ for the benefit of the Borrowers. It is the intent of the Borrowers and Lender hereunder to create a line of credit agreement between Borrowers and Lender whereby Borrowers may borrow up to $1,000,000.00 from Lender; provided, however, that Lender has no obligation to lend to Borrowers any amounts hereunder in the case of an Event of Default, or the discovery of an incorrect representation and warranty as defined in Section 6 or a breach of Negative Covenants as defined in Section 7. In the absence of such events the Lender shall lend on the funding dates. If the lender is late on a funding, interest shall be waived from the funding date to the actual funding date on the outstanding balance of the loan. Any disbursements shall to be applied upon the following terms and conditions:
Amount and Terms of Loan. 2.1 Loan Amount. 11 2.2 Note. 11
Amount and Terms of Loan. 1.1 Agreement to Loan and Repay. Lender hereby agrees to lend the sum of Three Hundred Thousand Dollars ($300,000) (the "Loan") to Borrower, and Borrower hereby agrees to repay such amount to Lender, upon the terms and conditions set forth in this Agreement and all other agreements executed in furtherance of this transaction, including, without limitation, the Stock Pledge Agreement (as hereinafter defined) (collectively, the "Loan Documents"). The Loan shall bear interest and shall be payable according to the terms of that certain Promissory Note of even date herewith (the "Note") in the original principal amount of the Loan and executed by Borrower in favor of Lender. The Loan is secured by 150,000 shares of the common stock of Lender owned by Borrower pursuant to the terms of a Stock Pledge Agreement of even date herewith (the "Stock Pledge Agreement").
Amount and Terms of Loan. 1.1 LOAN. Subject at all times to all of the terms and conditions of this Loan Agreement, the Lender agrees to extend to the Borrower the Loan in accordance with the provisions of Section 1.7 of this Loan Agreement. Such Loan is to be evidenced by the promissory note (the "Note") delivered by Borrower to Lender in the form set forth as Exhibit A attached hereto.
Amount and Terms of Loan. 2.1 The Loan. --------
Amount and Terms of Loan. Lender shall loan to Borrower the sum of up to $400,000.00 in connection with the Loan or so much thereof as may be disbursed to, or for the benefit of the Borrower by the Lender in the Lender's sole and absolute discretion. It is the intent of the Borrower and Lender hereunder to create a line of credit agreement between Borrower and Lender whereby Borrower may borrow up to $400,000.00 from Lender; provided however that Lender has no obligation to lend Borrower any amounts hereunder and the decision to lend such money lies in the sole and complete discretion of the Lender. Any disbursements shall to be applied as provided in Schedule A hereto, upon the following terms and conditions: