Loan Details Clause Samples
Loan Details. 1. Type of Loan: short-term working capital loan
2. Use of Loan: for working capital
3. Currency and Amount of Loan (In words) : RMB Nine Million Yuan
4. Life of Loan:
(1) Loan period is shown in the following table. (The additional schedules of this table constitute an integral part of this Contract.)
(2) Where there is any difference between the amounts of loan, the drawdown date and maturity date recorded in this Contract and the same in the loan voucher, the latter shall prevail. Said Loan voucher shall constitute an integral part of this Contract. Where the loan hereunder is made in foreign currency, the Borrower shall repay the principal and interest of said loan in original currency at the time as agreed.
5. Floating interest rate The lending rate shall increase by 30% on the basis of the benchmark interest rate, i.e. effective annual interest rate is 8.541%. The benchmark interest rate for a five-year loan or below shall be that of the loan at the same term declared by the People's Bank of China, and the benchmark interest rate for a loan above five-year shall be that of the loan at the same term declared by the People's Bank of China plus N/A (in words) percentage points. One cycle of interest rate adjustment shall last for three (in words) months. Where the benchmark interest rate of the money borrowed is adjusted by the People's Bank of China, the Lender shall, from the corresponding date of first month of the next circle after benchmark interest rate adjustment, adopt the new interest rate determined according to the adjusted benchmark interest rate for different term of loan and aforesaid calculating method, and the Lender may not notify the Borrower. Where the benchmark interest rate adjustment date is the same date as the disbursement date of the loan or the corresponding date of loan of the first month of said circle, the new interest rate shall be determined from the adjustment date of the benchmark interest rate. Where there is no corresponding date of loan, the last day of said month shall be deemed as the corresponding date of loan.
Loan Details. Loan amount Key time limit Loan purpose
Loan Details. The loan may be granted by ▇▇▇▇▇▇▇ Money to the customer for the purchase of the product from the merchant or for any kind of end use by the customer as per the terms and conditions applicable.
Loan Details. 3.1 Set out below are the details of the loan we are offering you under the R&D Loan Scheme:
3.2 If you accept this offer, please sign this Offer Letter and send it to us to the following address: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇.
Loan Details. Total Loan Facility US$ 10,000,000 Amount of Loan Facility to be drawn down pursuant to this Drawdown Notice [ ] Loan Term [ ] Bank Account Details for remittance of funds [ ] We confirm that:
(a) the representations and warranties made by us in the Loan Agreement are true and accurate on the date of this Drawdown Notice as if made on such date; and
(b) no Event of Default has occurred and is continuing or would result from the delivery of this Drawdown Notice. for and on behalf of Authorized Signatory……………… Name …………………………………. Dated [ ] 201[ ] Note: This description does not contain a full or direct translation of the terms of the original Hebrew-language schedule and is intended solely as a general indication of the schedule’s contents. This Schedule sets forth a list of the Company’s equipment and includes for each piece of equipment a classification and description, date of purchase, date of putting into operation, rate of depreciation, equipment cost and total depreciation.
1. Debenture Fixed Charge;
2. Debenture Floating Charge;
Loan Details a. Purpose of Loan
b. Sanctioned Loan Amount Not Exceeding & (&Please see para 6 below)
c. Months including/excluding* Moratorium period. (*Strike off whichever is not applicable).
d. Rate of Interest – Type Rate of Interest Type Semi Fixed OR Floating OR Fixed. Initial Rate of interest (“IRI") (Fixed) under monthly rest, for a period up to 36 months from the date of first disbursement, in terms of your request. Subsequent Rate of interest ("SRI"): In the event the Borrower opts for the Semi-Fixed Rate of Interest offered by MHIL, The applicable rate of interest post the "IRI" period shall be calculated on the then Principal outstanding amount and by applying the “RPLR as prevalent on that day +/- Margin”, as indicated above. It is clarified that the margin would be such as determined and agreed on the date of the first disbursement. After the completion of 36 months the Subsequent Rate of interest ("SRI") will continue to be in Fixed ROI unless requested by borrower for variable rate for the next 3 years. This request in writing should be submitted 3 months in advance by borrower before the end of IRI/SRI to the nearest MHIL branch. The rate of interest mentioned in offer letter is based on the current prevailing RPLR and the same may vary at the time of disbursement of the loan as well as during its pendency in terms of the said loan agreement. The borrower shall be allowed to switch, once in a financial year, from variable/floating rate to fixed rate or fixed rate of interest to variable/floating rate after paying applicable switching charges on Principal Outstanding as on the day of conversion plus applicable statutory taxes. The above is on sole-discretion of MHIL. This facility is not applicable on loans which are advanced in semi-fixed rate of interest type during such contracted rate type period. The conversion of ROI type is on sole-discretion of MHIL and as per prevailing pricing policy/ rate grid of floating / fixed ROI from time to time.
e. Reference rate or calculation of applicable rate of interest f. Present rate of interest
g. Modes of communication of changes in Interest rate Via registered post / mail(s)/ SMS/ WhatsApp.
h. Instalment Type: Monthly
i. Repayment Through NACH and PDCs j. Date of reset of Last ROI :
k. Penal Charges - 24% per annum
l. Annual Percentage Rate (APR)
m. Subsidy Subsidy, if any, received for the loan will be used as per the terms and Conditions applicable to the subsidy. Borrowers should advise MHIL if they receiv...
Loan Details. (a) Borrower: 1847 ICU HOLDINGS INC., a Delaware corporation with a principal place of business located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇, ICU EYEWEAR, INC., a California corporation with a principal place of business located at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, Hollister, CA 95023, and ICU EYEWEAR HOLDINGS, INC., a California corporation with a principal place of business located at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, Hollister, CA 95023, jointly and severally (“Borrower”).
(b) [Reserved.]
Loan Details. Total Loan Facility up to US$ 12,000,000 Amount of Loan Facility to be drawn down pursuant to this Drawdown Notice [ ] Loan Term [ ] Bank Account Details for remittance of funds [ ] We confirm that:
(a) the representations and warranties made by us in the Loan Agreement are true and accurate on the date of this Drawdown Notice as if made on such date; and
(b) no Event of Default has occurred and is continuing or would result from the delivery of this Drawdown Notice. for and on behalf of Authorized Signatory……………… Name …………………………………. Dated [ ] 202[ ]
1. Security Agreement over the Parent’s assets.
2. Security Agreement over the US Subsidiary’s assets
Loan Details. Principal Loan Amount (the “Loan”) Loan Term / Maturity Date Interest
Loan Details. (a) Borrower: SYSOREX GLOBAL, a Nevada corporation with offices at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇, SYSOREX USA, a California corporation with offices at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ and SYSOREX GOVERNMENT SERVICES, INC., a Virginia corporation with offices at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇.
(b) [Reserved]