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. (a) Amount:
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. 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. 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 | Any Single | Aggregate | | of Participating | Participating | Participating | | Entities | Entity Limit | 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 Xxxxx'x, both the individual and the aggregate percentage limits shall be zero.
Bank Loan. On May 6, 2016, the Company entered into a $2,000 loan agreement with a Mongolian bank. The key commercial terms of the loan are as follows: • Maturity date of May 6, 2017; • Interest rate of 15.8% per annum and payable monthly; and • Certain items of property, plant and equipment in the amount of $3,678 were pledged. As at December 31, 2016, the outstanding balance for the bank loan was $2,000 (2015: nil) and the Company owed accrued interest of $26 (2015: nil).
Bank Loan. Adventure Three is a party to a credit facility in the principal amount of $5 million as described in Schedule 3.9(b). Ø Insurance See Schedule 3.22 Ø Charter Agreement Adventure Three is a party to a time charter agreement with Express Sea Transport Corporation. The agreement provides for the chartering of the “Free Envoy” for between twelve and fourteen months commencing September, 2004. Pursuant to the agreement, Adventure Three receives $10,530 per day for the charter. SCHEDULE 3.6 LITIGATION None. SCHEDULE 3.9(b)
Bank Loan. Apart from the Capital Injection, the Investment Project will also be financed by the Bank Loan. Xiamen Tianma will borrow an estimated sum of RMB6 billion (equivalent to approximately HK$7.5 billion) from bank(s). Pursuant to the Investment Cooperation Agreement, Xiamen Jinyuan will provide a guarantee of 80% of the Bank Loan in favour of the bank(s) and Xiamen Company will provide a guarantee of a sum not exceeding RMB200,000,000 (equivalent to approximately HK$250,000,000) in respect of the Bank Loan. The actual amount of guarantee in respect of the Bank Loan to be provided by each of Xiamen Company, AVIC Shenzhen and AVIC International will be determined after negotiations between them and in any event, the maximum sum of guarantee to be provided by Xiamen Company will not exceed RMB200,000,000 (equivalent to approximately HK$250,000,000).
Bank Loan. At Closing, Buyer shall repay to Silicon Valley Bank --------- the principal balance and accrued interest due under the Business Loan Agreement dated July 21, 1997 between the Company and such bank to the extent that such amount is accrued for on the Estimated Balance Sheet and does not exceed $250,000.
Bank Loan. Buyer and/or Buyer's wholly-owned Subsidiaries shall have entered into a binding written agreement with a bank or banks for a line of credit in the amount of at least USD$350,000,000 on customary terms and conditions (a) pursuant to which Buyer or its Subsidiaries, as the case may be, may draw upon the full amount of such line of credit, in their sole discretion (subject to the applicable notification requirements and procedures set forth therein), immediately following the execution of such bank agreement and, to Buyer's Knowledge, in the reasonably foreseeable future, and (b) that are not, in the aggregate, materially less favorable to Buyer or its Subsidiaries than the current terms and conditions of Buyer's Subsidiary's long term bank loan in the amount of USD$480,000,000 that was entered into in December 2001 and provided that the repayment terms shall not be substantially less favorable to Buyer or its Subsidiaries, as the case may be, than the repayment terms of such December 2001 bank loan, which repayment terms include, for the avoidance of doubt, repayment beginning after two and one-half years in five installments every six months and repayment in full after five years.
