Bank Loan Sample Clauses

Bank Loan. If the closing of the Future Investor Financing Transaction has not occurred within six months after the Closing Date, then each Controlling Shareholder and Founder and Sunny Ocean shall procure that the Cayman Holdco shall within one year (or such other period approved by the Majority Holders) after the Closing Date obtain a loan in the principal amount of up to US$20,000,000 and on other terms to be approved by the Majority Holders (“Bank Loan”), and complete any restructuring required by the Majority Holders or by the bank and approved by the Majority Holders for the purpose of the Bank Loan. Each Holder shall provide such assistance as Cayman Holdco may reasonably request in respect of obtaining the Bank Loan. Upon receipt of the loan amount, each Controlling Shareholder and Founder and Sunny Ocean shall procure that Cayman Holdco shall, subject to applicable law, declare and pay a dividend in an amount equal to up to the amount of the principal amount of the Bank Loan to the Company (“Special Dividend”), and that US$10,000,000 of the proceeds of the Bank Loan shall be used by the Company to redeem Exchangeable Notes in the principal amount of US$10,000,000.

Bank Loan. On or prior to the Payment Date, you shall repay amounts owed under the loan agreement between you and Northern Trust Company.

Bank Loan any Event of Default (as defined in the Bank Loan Agreement) occurs;

Bank Loan. Upon being hired for an off-campus practicum job, the student will secure a loan from a University-arranged Bank to pay for the applicable program costs. This means that students will be accepted for the loan without posting any collateral. While the Bank will require some information from each student, they plan to extend credit to students on this Program who have been hired for off-campus practicum jobs. The Bank, of course, will require all students to sign a bank loan agreement. The student's bank loan will be at an interest rate set by the Bank based on its rates at the time of the issuance of the loan. Loan repayment schedules usually range between 12 and 24 months depending on the size of the loan and the monthly income earned during the professional training phase of the program. In addition to bank loans, there may be other repayment methods for intern or short-term contract positions that do not allow for a loan to be taken out due to a low salary or a short term of employment. In these cases, students will be asked to pay some portion of their monthly earnings that will be applied to their student account balance as a credit. The monthly amount is based on a formula which includes salary, relocation costs (if any), and cost of living index for their city and state. In this situation, the Finance Office will determine the monthly amount and then the student is required to sign an Intern Agreement Form as a condition for their work authorization.

Bank Loan. The loan facility of Seller owing to First National Bank of Wynne (“Bank”) as guaranteed by the United States Department of Agriculture (“USDA”) in the approximate amount of One Million Eight Hundred and Fifty-Seven Thousand Dollars ($1,857,000) (“Bank Loan”), and more specifically described on Schedule 2.1(c), which shall be paid in full as of the Closing Date; and

Bank Loan. Participations wherein the participating entities (or the entities guaranteeing the obligations of such participating entities) with the same rating by Moody's in excess of the applicable percentage of Total Capitalization set forth in the table below (or such greater percentage approved by the Insurer (so long as the Insurer is the Controlling Class) and the Administrative Agent and with respect to which the Rating Agency Condition with respect to Moody's has been satisfied), and (c) Bank Loan Participations wherein the total exposure to any single participating entity is in excess of the applicable percentage of Total Capitalization set forth in the table below (or such greater percentage approved by the Insurer (so long as the Insurer is the Controlling Class) and the Administrative Agent and with respect to which the Rating Agency Condition with respect to Moody's has been satisfied); -------------------------------------------------------------------------------------------------- Long Term Rating of Any Single Aggregate Participating Entities Participating Entity Limit Participating Entities Limit -------------------------------------------------------------------------------------------------- Aaa 7.5% 20.0% -------------------------------------------------------------------------------------------------- Aa1 7.5% 20.0% -------------------------------------------------------------------------------------------------- Aa2 7.5% 20.0% -------------------------------------------------------------------------------------------------- Aa3 7.5% 15.0% -------------------------------------------------------------------------------------------------- A1 5.0% 15.0% -------------------------------------------------------------------------------------------------- A2 2.5% 10.0% -------------------------------------------------------------------------------------------------- A3* 2.5% 5.0% -------------------------------------------------------------------------------------------------- Baa1 or lower 0.0% 0.0% -------------------------------------------------------------------------------------------------- ____________ * The percentages in this row apply only if such rating is not on a credit watch with negative implications by Moody's. If such rating is on a credit watch with negative implications by ▇▇▇▇▇'▇, both the individual and the aggregate percentage limits shall be zero.

Bank Loan. On May 6, 2016, the Company entered into a $2.0 million loan agreement with a Mongolian bank. The key commercial terms of the loan are as follows: • Maturity on May 6, 2017; • Interest rate of 15.8% per annum and payable monthly; and • Certain items of property, plant and equipment were pledged which had a carrying value of $3.7 million as at December 31, 2016. As at December 31, 2016, the outstanding balance for the bank loan was $2.0 million (2015: nil) and the Company owed accrued interest of $0.1 million (2015: nil).

Bank Loan. Lessee shall have the right to borrow money with reference to the Property, including, without limitation, for the purpose of constructing improvements thereon, and secure such loan with the Property. Lessor shall not be entitled to any proceeds from any and all loans obtained by Lessee and secured by the Property. Lessor agrees to execute all necessary documents required by any lender for the purpose of allowing the Property to be subject to a first deed of trust (and only a first deed of trust) securing the loan to Lessee.. Lessor acknowledges and agrees that a lender will hold a Promissory Note, or Notes, secured by a Deed of Trust recorded against the Property and Lessor and Lessee agree to cooperate with all reasonable requests of the lending institution with reference to the loan and Property, including execution of documents requested by the lender.

Bank Loan. As of the Second Closing Date, the Company shall have entered into definitive agreements with Credit Suisse First Boston and/or certain other lending institution(s), pursuant to which such institution(s) shall have provided the Company with a $50,000,000 revolving credit facility.