Loan Balance. Borrower acknowledges as correct the outstanding principal balance of the Loan and accrued and unpaid interest, as set forth on the Loan Schedule, as of the dates there stated.
Loan Balance. Loan balance includes all unpaid contract loans and any accrued loan interest. We will deduct any outstanding loan balance from the contract Proceeds. Your contract lapses when your Cash Surrender Value is no longer positive. We will send notice to your address of record and to the holder of any assignment of record at least 31 days before termination.
Loan Balance. The foregoing recitals are true and correct and are incorporated herein by reference. Borrower and Lender acknowledge and agree that as of January 4, 2000, the outstanding principal balance of the Note is Six Million Three Hundred Sixty-Five Thousand Seven Hundred Forty-Two and 30/100 Dollars ($6,365,742.30).
Loan Balance. The term “Loan Balance” shall mean the principal amount CIRM distributes to Loan Recipient pursuant to any Disbursement plus accrued interest thereon, less any prepayment(s) made under Section 4.7(a).
Loan Balance. The unpaid Principal Balance of each of the Bank Loans is as set forth on the Bank Loan Schedule.
Loan Balance. The foregoing recitals are true and correct and are incorporated herein by reference. Borrower and Lender acknowledge and agree that as of February 11, 1998, the outstanding principal balance of the Note is Zero and No/100 Dollars ($0.00), but that letters of credit have been issued by Lender for the account of Borrower in the aggregate amount of One Million Two Hundred Eighty Thousand Three Hundred Fifty-Two and No/100 Dollars ($1,280,352.00), thereby reducing availability under the Note.
Loan Balance. If your account is pledged to secure a loan balance owed to us, or any of our affiliates, when the last surviving account owner dies, the outstanding loan balance must be paid in full prior to any distributions. We may, at our sole discretion, sell any and all securities in your account to satisfy any outstanding balance and your representatives or beneficiaries will not be entitled to choose which securities are sold.
Loan Balance. Anything in this Agreement contained to the contrary notwithstanding, it is expressly understood and agreed that the Loan shall at all times be in balance. The Loan shall be in balance when each Line Item is in balance, A Line Item shall be deemed to be in balance if the aggregate of the funds allocated to such Line Item, after provision for any reallocation then permissible pursuant to Section 9.11 below, is sufficient to pay the amounts contemplated within such Line Item, as estimated by TDF, including, without limitation, the payment of interest due with respect to the Loan through the date of Substantial Completion estimated by TDF's Consultant, The Company agrees that, if, (i) TDF reasonably determines that the Loan is not in balance, or (ii) TDF determines that the amount of the undisbursed Project Funds shall at any time be insufficient, and (iii) the insufficiency is not caused by an imbalance within the Budget, the Company shall, within ten (10) days of receipt of written notice from TDF, deposit with TDF cash or equivalent security or such other security as is acceptable to TDF in its sole and absolute discretion to eliminate such imbalance. Any funds deposited with TDF pursuant to this Section 9,10 on account of any deficiency may be applied by TDF or by the Trustee at the direction of TDF to pay costs of the Line Items as to which such projected or anticipated deficiencies exist before TDF shall direct or authorize the Trustee to disburse proceeds of the Loan to pay such costs,
Loan Balance. As of the date immediately prior to any Disbursement, the total amount of unadvanced proceeds of the Loan shall be sufficient, in the opinion of Lender and Title to complete the Improvements free of liens. To the extent the total of the unadvanced proceeds of the Loan shall be insufficient, at any time, in Lender's or Title's opinion, to complete the Improvements, or be less than the Total Construction Costs not yet paid for or not yet incurred, the Borrower shall immediately deposit with the Lender or with Title, as additional Owner Equity funds, an amount equal to such deficiency and such additional Owner Equity funds shall be disbursed by Title prior to the Disbursement of any further advance or advances under this Agreement.
