General Terms of the Loan Sample Clauses

General Terms of the Loan. (A) Subject to the terms hereof, the Bank will lend the Borrower, from time to time until the Revolving Credit Termination Date, such sums as the Borrower may request (but in the case of LIBOR Rate Loans, at least $100,000.00) by reasonable same day notice to the Bank, received by the Bank not later than 11:00 A.M. of such day. The Borrower may borrow, repay without penalty or premium and reborrow hereunder, from the date of this Agreement until the Revolving Credit Termination Date, either the full amount of the Revolving Credit Loan Commitment or any lesser sum which is at least $100,000.00. The Revolving Credit Outstandings shall at no time exceed the Revolving Credit Loan Commitment, and if, at any time, an excess shall for any reason exist, the full amount of such excess, together with accrued and unpaid interest thereon as herein provided, shall be immediately due and payable in full.
Sample 1
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General Terms of the Loan. (i) The Lender agrees that, subject to the terms and conditions contained in this Agreement, and in reliance on the representations and warranties contained in Section 3, it shall make a loan to the Organization on the Effective Date in the amount of $15,000,000;
Sample 1
General Terms of the Loan. Subject to the limitations contained herein, the Bank shall lend to the Borrower for purposes of the Project a principal amount of up to One Million Nine Hundred Thirty-Five Thousand Dollars ($1,935,000) upon the terms and conditions contained herein and in the other Loan Documents. The Loan Proceeds shall be disbursed to the Borrower in accordance with the provisions of this Agreement and shall be repaid with interest thereon by the Borrower to the Bank in accordance with the terms and provisions contained herein and in the Promissory Note, the terms and provisions of which are incorporated by reference herein to the same extent as if set forth in full in this Agreement. The Acquisition Loan Amount shall be disbursed at Closing upon satisfaction of all conditions for disbursement stated herein. The term of the Construction Loan shall extend from the date hereof through the Completion Date. Upon the expiration of the term of the Construction Loan, including any extensions mutually agreed to by the Bank and the Borrower, and provided that the Borrower is not (a) in default under this Agreement or any other Loan Document, or (b) in default under the SBA 504 Loan, or any of the terms and conditions precedent to obtain the SBA 504 Loan, the Borrower shall receive the Permanent Loan for an additional term of one hundred twenty (120) months commencing as of the Conversion Date.
Sample 1
General Terms of the Loan. Subject to the limitations set forth herein, the Lender shall lend to the Borrower as the Loan an amount of up to One Hundred Thousand Dollars ($100,000.00) upon the terms and conditions contained herein and in the other loan documents of even date herewith relating to the Loan (the "Loan Documents"). The Loan shall be disbursed in accordance with the provisions of this Agreement and shall be repaid with interest thereon by the Borrower to the Lender in accordance with the terms and provisions of a certain Promissory Note of even date herewith evidencing the Loan (the "Promissory Note"), the terms and provisions of which are incorporated by reference herein to the same extent as if set forth in full in this Agreement.
Sample 1

Related to General Terms of the Loan

  • Terms of the Loan 2.1 The Lender will lend to the Company, and the Company will borrow from the Lender by way of one advance to be evidenced by a promissory note in the form attached hereto as Schedule “A”, the Principal sum of fifty thousand dollars (USD) subject to the terms and conditions of this Agreement and the Securities.

  • Amount and Terms of the Loans 2.1 Commitments 25 2.2 Borrowings 26 2.3 Disbursements; Funding Reliance; Domicile of Loans 29 2.4 Evidence of Debt; Notes 30

  • Amounts and Terms of the Loans 34 2.1. The Revolving Credit Loans................................................... 34 2.2. Making the Loans............................................................. 35 2.3. Fees......................................................................... 36 2.4. Reduction and Termination of the Commitments................................. 37 2.5. Repayment.................................................................... 37 2.6. Prepayments.................................................................. 38 2.7. Conversion/Continuation Option............................................... 39 2.8. Interest..................................................................... 40 2.9. Interest Rate Determination and Protection................................... 41 2.10.

  • General Terms For purposes of this Agreement the following terms shall have the following meanings:

  • General Terms and Conditions of the Notes Section 201.

  • Amount and Terms of the Commitment Section 2.1 The Advances.................................................... 7 Section 2.2 Making the Advances............................................. 8 Section 2.3 Fees............................................................ 10 Section 2.4 Reduction or Termination of the Commitment...................... 10 Section 2.5 Repayments of Interest Advances or the Final Advance............ 10 Section 2.6 Repayments of Downgrade Advances and Non-Extension Advances.......................................... 11 Section 2.7 Payments to the Liquidity Provider Under the Intercreditor Agreement......................................... 12 Section 2.8 Book Entries.................................................... 12 Section 2.9 Payments from Available Funds Only.............................. 12

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to:

  • Amount and Terms of the Commitments 30 Section 2.1. General Description of Facilities 30 Section 2.2. Revolving Loans 31 Section 2.3. Procedure for Revolving Borrowings 31 Section 2.4. Swingline Commitment 31 Section 2.5. Funding of Borrowings 33 Section 2.6. Interest Elections 33 Section 2.7. Optional Reduction and Termination of Commitments 34 Section 2.8. Repayment of Loans 35 Section 2.9. Evidence of Indebtedness 35 Section 2.10. Optional Prepayments 35 Section 2.11. Mandatory Prepayments 36 Section 2.12. Interest on Loans 36 Section 2.13. Fees 37 Section 2.14. Computation of Interest and Fees 38 Section 2.15. Inability to Determine Interest Rates 38 Section 2.16. Illegality 38 Section 2.17. Increased Costs 39 Section 2.18. Funding Indemnity 40 Section 2.19. Taxes 40 Section 2.20. Payments Generally; Pro Rata Treatment; Sharing of Set-offs 43 Section 2.21. Letters of Credit 45 Section 2.22. Increase of Commitments; Additional Lenders 49 Section 2.23. Mitigation of Obligations 52 Section 2.24. Replacement of Lenders 52 Section 2.25. Defaulting Lenders 53 Section 2.26. All Obligations to Constitute Joint and Several Obligations 54 ARTICLE III

  • Terms of the Agreement Each Party shall treat the terms of this Agreement as the Confidential Information of other Party, subject to the exceptions set forth in Section 7.2. Notwithstanding the foregoing, each Party acknowledges that the other Party may be obligated to file a copy of this Agreement with the SEC, either as of the Effective Date or at some point during the Term. Each Party shall be entitled to make such a required filing, provided that it requests confidential treatment of certain commercial terms and sensitive technical terms hereof to the extent such confidential treatment is reasonably available to it. In the event of any such filing, the filing Party shall provide the other Party with a copy of the Agreement marked to show provisions for which the filing Party intends to seek confidential treatment and shall reasonably consider and incorporate the other Party’s comments thereon to the extent consistent with the legal requirements governing redaction of information from material agreements that must be publicly filed. The other Party shall promptly provide any such comments.

  • Amount and Terms of the Credit Facility 2.1. The Commitments; Increase in Total Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that will not result in such Lender’s Exposure exceeding such Lender’s Commitment. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary in this Agreement, in no event may Loans be borrowed under this Section 2.1 if, after giving effect thereto, the aggregate principal amount (a) of the Total Exposures at such time would exceed the Total Commitments then in effect or (b) the Exposure of any Lender at such time would exceed such Lender’s Commitment. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6. The respective obligations of the Lenders under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

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