Loan Contracts Sample Clauses

Loan Contracts. The unique dataset we analyze consists of 17,776 loans made to independents or single-person businesses,11 and small-, medium-, and large-sized firms by an important Belgian bank that operates throughout Belgium. The sample commences with all existing loans at the bank as of August 10, 1997 that were initiated after January 1, 1995.12 Characteristics of both the bank and the Belgian financial landscape make this data ideally suited to investigate spatial price discrimination. The bank is one of a handful of truly national and general-purpose banks operating in Belgium in 1997. The bank lends to firms located in most postal zones,13 and is active in 53 different industries.14 However, around 83% of the firms in its portfolio are single-person businesses and most borrowers obtain just one (relatively small) loan from this bank.15 Consequently, even though ‘distances’ are typically rather small in Belgium, transportation costs may be important on the margin for the small borrowers in the dataset. In addition, geographical clustering of economic and financial activity in Northern and Central Belgium results in a substantial variation across the country in the average distances traveled. For each borrower we calculate the distance to both the lending bank and the branches of all other competing banks located in the same postal zone as the borrower. As of December 31st, 1994, we identify 7,477 branches,16 operated by 145 different banks and located in 837 different postal zones (Table 2). Each postal zone carries a postal code between 1,000 and 9,999. The first digit in the code indicates a geographical region, which we call “postal area” and which in most cases coincides with one of the ten Provinces in Belgium. A postal zone covers on average 26 sq km,17 and contains approximately six bank branches. A postal area covers 3,359 sq km, on average. Not surprisingly, borrowers are often located in more densely banked areas, with on average more than 17 bank branches per postal zone, resulting in around 250,000 possible borrower – bank branch pairs. We employ both web-based XxxXxxxx.xxx and PC-based MS Mappoint to track the shortest traveling time (in minutes) by car between the borrower and each bank branch. We choose the shortest traveling time, the default setting in both programs, over a number of other mapping alternatives,18 as we suspect that for most entrepreneurs in our sample variable transportation costs consist mainly of traveling time spent. We provide ...
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Loan Contracts. 1. List of the Loan Contracts entered into by the NJPV as a borrower: Lender Date of Contract Borrowing Term (mm/dd/yy-mm/dd/yy) Principal (Million) Notes Nanjing City Commercial Bank November 23, 2004 11/18/04-11/18/07 RMB50 Mortgage required once the project of the NJPV is completed, and prior written consent required regarding equity transfer. Huaqiao Road Branch of Nanjing City Commercial Bank January 23, 2006 01/23/06-01/23/07 RMB60 Prior consent is required regarding issues affecting repayment of the debt. Nanjing Branch of China Merchants Bank July 14, 2005 07/14/05-07/14/06 RMB20 Prior notice to the Lender is required regarding equity transfer. Nanjing Branch of China Merchants Bank March 2, 2006 03/02/06-03/02/07 RMB20 Prior notice to the Lender is required regarding equity transfer. Nanjing Branch of China CITIC Bank January 6, 2006 01/06/06-01/06/07 RMB25 Prior consent is required regarding equity transfer. Nanjing Branch of China CITIC Bank February 23, 2006 02/23/06-02/23/07 RMB25 Prior notice to the Lender is required regarding equity transfer. Nanjing Hanfu Branch of Industrial and Commerce Bank of China June 29, 2005 06/29/05-06/28/06 RMB50 Prior consent is required regarding equity transfer. Nanjing Hanfu Branch of Industrial and Commerce Bank of China August 2, 2005 08/02/05-08/01/06 RMB10 Prior consent is required regarding equity transfer. Nanjing Xinjiekou Branch of China Construction Bank October 24, 2005 10/24/05-10/23/06 RMB20 Prior consent is required regarding issues affecting repayment of the debt. Nanjing Branch of Bank of Communications October 31, 2005 10/31/05-10/26/07 RMB20 Prior consent is required regarding equity transfer. Nanjing Branch of Bank of Communications October 31, 2005 10/31/05-10/26/06 RMB10 Prior consent is required regarding equity transfer. Nanjing Hanfu Branch of Industrial and Commerce Bank of China March 22, 2006 03/22/06-09/22/06 RMB20 Prior consent is required regarding equity transfer.
Sample 1

Related to Loan Contracts

  • SUB-CONTRACTS (a) The Servicer may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement, provided that (but subject to Section 3.2(b)):

  • Assignment of Contracts On the Initial Borrowing Date, the Borrower shall have duly authorized, executed and delivered a valid and effective assignment by way of security in favor of the Collateral Agent of all of the Borrower’s present and future interests in and benefits under (x) the Construction Contract, (y) each Refund Guarantee and (z) the Construction Risk Insurance (it being understood that the Borrower will use commercially reasonable efforts to have the underwriters of the Construction Risk Insurance accept and endorse on such insurance policy a loss payable clause substantially in the form set forth in Part 3 of Schedule 2 to the Assignment of Contracts (as defined below), and it being further understood that certain of the Refund Guarantee and none of the Construction Risk Insurances will have been issued on the Initial Borrowing Date), which assignment shall be substantially in the form of Exhibit J hereto or otherwise reasonably acceptable to the Lead Arrangers and the Borrower and customary for transactions of this type, along with appropriate notices and consents relating thereto (to the extent incorporated into or required pursuant to such Exhibit or otherwise agreed by the Borrower and the Facility Agent), including, without limitation, those acknowledgments, notices and consents listed on Schedule 5.07 (as modified, supplemented or amended from time to time, the “Assignment of Contracts”) provided that, if any Refund Guarantee issued to the Borrower on the Initial Borrowing Date shall have been issued by KfW IPEX-Bank GmbH, then such Refund Guarantee shall be charged pursuant to a duly authorized, executed and delivered, valid and effective charge of any such Refund Guarantee in the form of Exhibit Q hereto or otherwise in a form reasonably acceptable to the Lead Arrangers and the Borrower and customary for transactions of this type, along with appropriate notices and consents relating thereto (to the extent incorporated into or required pursuant to such Exhibit or otherwise agreed by the Borrower and the Facility Agent) (as modified, supplemented or amended from time to time, the “Charge of KfW Refund Guarantees”).

  • Commitments and Contracts (1) The Company has Previously Disclosed or provided to the Investor or its representatives, prior to the date hereof, true, correct, and complete copies of each of the following to which the Company or any Company Subsidiary is a party or subject (whether written or oral, express or implied) (each, a “Company Significant Agreement”):

  • Contracts and Commitments (a) Schedule 2.16 attached hereto contains a true, complete and correct list and description of the following contracts and agreements, whether written or oral (collectively, the "Contracts"):

  • Equipment Leases Landlord shall enter into such leases of equipment and personal property as Tenant may reasonably request from time to time, provided that the form and substance thereof shall be reasonably satisfactory to Landlord. Tenant shall prepare and deliver to Landlord all such lease documents for which Landlord's execution is necessary and Landlord shall promptly, upon approval thereof, execute and deliver such documents to Tenant. Tenant shall, throughout the Term, be responsible for performing all of Landlord's obligations under all such documents and agreements.

  • Material Contracts and Commitments Neither the Company, nor, to the best knowledge of the Company, any third party is in default under any material contract, agreement or instrument to which the Company is a party.

  • Vendor Contracts (a) THIRD-PARTY ASO CONTRACTS.

  • Project Contracts Authority shall upon its election, succeed, without the necessity of any further action by the Concessionaire, to the interests of the Concessionaire under such of the Project Contracts as the Authority may in its discretion deem appropriate, and shall upon such election be liable to the Contractors only for compensation accruing and becoming due and payable to them under the terms of their respective Project Contracts from and after the date the Authority elects to succeed to the interests of the Concessionaire. For the avoidance of doubt, it is hereby agreed, and the Concessionaire hereby acknowledges, that all sums claimed by such Contractors as being due and owing for works and services performed or accruing on account of any act, omission or event prior to such date shall constitute debt between the Concessionaire and such Contractors, and the Authority shall not in any manner be liable for such sums. It is further agreed that in the event the Authority elects to cure any outstanding defaults under such Project Contracts, the amount expended by the Authority for this purpose shall be deducted from the Termination Payment.

  • Existing Leases To Seller’s knowledge, (i) other than the Leases listed in the Rent Roll, Seller has not entered into any contract or agreement with respect to the occupancy of the Property or any portion or portions thereof which will be binding on Purchaser after the Closing; (ii) the copies of the Leases heretofore delivered by Seller to Purchaser are true, correct and complete copies thereof; and (iii) the Leases have not been amended except as evidenced by amendments similarly delivered and constitute the entire agreement between Seller and the tenants thereunder.

  • New Contracts During the pendency of this Agreement, Seller will not enter into any contract, or modify, amend, renew or extend any existing contract, that will be an obligation affecting the Property or any part thereof subsequent to the Closing without Purchaser’s prior written consent in each instance (which Purchaser agrees not to withhold or delay unreasonably), except contracts entered into in the ordinary course of business that are terminable without cause (and without penalty or premium) on 30 days (or less) notice.

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