Credit Loan Sample Clauses
A Credit Loan clause defines the terms under which one party extends credit to another, typically specifying the amount, interest rate, repayment schedule, and any collateral requirements. In practice, this clause outlines the borrower's obligations to repay the loaned funds, details the lender's rights in case of default, and may set conditions for early repayment or penalties. Its core function is to establish clear financial expectations and legal protections for both parties, thereby reducing the risk of misunderstandings or disputes regarding the loan arrangement.
Credit Loan. Subject to the terms of this Agreement, the Company may borrow from the Bank and the Bank will thereupon lend to the Company, and the Company shall repay in accordance with the terms of this Agreement and may reborrow at any time prior to the Maturity Date any amount which is a multiple of $100,000 up to a maximum amount at any one time outstanding of $32,500,000 (herein called the "Credit" or the "Credit Loan"), provided that the Bank receives prior to the initial borrowing the certificates required by Sections 7.1 and 7.2 and, prior to all subsequent borrowings, the representations and certificates required by Section 7.2.
Credit Loan. Upon the terms and subject to the conditions of, and in reliance upon the representations and warranties made under, this Agreement, the Lender shall make Loans to Borrower from time to time from the date hereof to the respective Loan Maturity Date (each, a "Loan Advance"), as requested by Borrower in accordance with the terms of Section 2.1.2, in an aggregate principal amount outstanding not to exceed at any time $2,500,000. Each Loan shall be in the maximum principal amount as follows: (a) Loan Number One - $1,000,000; (b) Loan Number Two - $500,000; Loan Number Three - $1,000,000.
Credit Loan. Nothing herein shall be deemed to relieve any Bank of its obligation to fulfill its Commitment hereunder or to prejudice any rights which the Borrowers may have against any Bank as a result of any default by such Bank hereunder.
Credit Loan. The guaranty method of the Maximum Amount Guaranty. The guaranty contract shall be signed additionally and the number of the guaranty contract is 34128101-2009 B.Z. (B) Z. No.0016.
Credit Loan. The Existing Letters of Credit shall upon the Closing Date be deemed to be Letters of Credit under this Agreement.
Credit Loan. Subject to the terms and conditions of this Agreement, the Borrower may borrow, repay and re,borrow under the Declining Revolving Credit Loan.
Credit Loan. Execution Method ☑The full amount is paid on the credit commencement date. ☐ The Bank confirms the use of the funds and the required amount based on supporting documents or goods in kind and classifies them. ☐ It carries out requests made by the person who meets certain requirements. ☐ Other ( )
Credit Loan