Loan Financing Sample Clauses
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Loan Financing i. The Administrative Body will seek approval from Missoula City Council and the Board of County Commissioners for any financing benefiting the joint areas of the Property.
ii. If any project or purchase proposed is by one Party, and that project or purchase is recommended to be financed through a loan or other financing mechanism, the Administrative Body will determine which Party will be responsible for repayment of the loan based on the benefit provided by the project/purchase. Assessments levied against the Missoula Local Government Building Special District to make such loan payments will be allocated to the Party responsible for the loan, unless an alternative arrangement is reached by the Administrative Body. The Property cannot be used to secure any such loan; however, this restriction shall not be construed to prevent lease purchase financing.
Loan Financing. In the event that Buyer shall obtain financing to pay the Purchase Price, Buyer shall comply with the following terms and conditions:
Loan Financing. The Purchaser shall have obtained the Loan Financing pursuant to the Loan Financing Documentation (as amended to the extent permitted by Section 6.03(b)).
Loan Financing. Subject to the prior approval of the Board of Directors, the Joint Venture Company may obtain loans in China or abroad to fund the difference between the total amount of investment and the registered capital. Party A will assist the Joint Venture Company in applying for loans from lenders in China on market terms and conditions, and Party B will assist the Joint Venture Company in applying for loans from lenders outside China on market terms and conditions. If any lender requires a loan guarantee, the Parties shall consult to determine whether and on what terms they are willing to provide such guarantees.
Loan Financing. Simultaneously with the execution of this Agreement, the Investors and Molex have agreed to loan the Company $5 million (the "Loan") pursuant to the Subordinated Secured Note Purchase Agreement attached hereto as Exhibit A (the "Note Purchase Agreement").
Loan Financing. An asset management company in Liech- tenstein with foreign investors would like to pursue its asset management activities from Zurich and at the same time achieve optimal tax efficiency. As far as Liechten- ▇▇▇▇▇ is concerned, the activities in Zurich constitute a permanent establishment for tax purposes. At the intra-company level, the headquarter company finances this asset management arm with a loan (at 2.0% interest). The company then refi- nances this loan with a group loan (at 1.0% interest). The presentation of the corresponding entries for tax purposes is shown below: Taxation in Switzerland – Swiss real estate is taxed where it is located (situs prin- ciple) regardless of the place of registra- tion (in the country or abroad) of the real estate company that owns it. When real estate is held by a Liechtenstein company, management must actually be located in Liechtenstein as determined in accor- dance with Swiss criteria. In the case of a professional real estate broker or an insur- ance company that is effectively involved in managerial activities in Liechtenstein, compliance with these requirements is not likely to be questioned. Taxation in Liechtenstein – Income from real estate located in other countries is exempt from taxation in Liechtenstein. Assuming no flat fee is paid for manage- ment services, the minimum corporate income tax will be CHF 1,200 per year. This planning variant is especially worth considering in the case of Liechtenstein- based companies that hold sizeable real estate portfolios through a Swiss holding entity since withholding tax would then become a genuine cost factor. It is in prac- ▇▇▇▇ possible to make the transition to a “permanent real estate establishment”, especially since the treatment of restruc- tured real estate complexes is tax-neutral or at least acceptable in most cantons. Assets 3,500 Loan from HQ (2.0%) 3.000 Endowment equity 500 Taxation in Switzerland (not including capital tax) – Interest in the amount of 60 (2.0%) represents a tax-deductible expense that can be offset against income, which in the case of this example is also 60. There is therefore no income tax liability: Interest expense (2.0%) 60 Income from financing activities 60
Loan Financing. Each Shareholder agrees to take all actions required to be taken by such Shareholder as a condition to the funding of the Loan Financing, including execution and delivery of any personal guaranty required under the terms of the Loan Financing Documentation.
Loan Financing. The Company, Bloomwell, Concentra and the Guarantors shall agree that the Subscriber shall not be required to provide any guarantee for equipment financing necessary for the business operations of the Group.
Loan Financing. The central component of NADB’s product mix and the central driver of its day‐to‐day activities is the provision of senior loan facilities to public and private sector clients. Pertinent NADB loan terms and conditions include: Senior debt financing can cover up to 85% of total project cost Tenors of up to 25 years Competitive fixed or floating rates US Dollar or Mexican Peso facilities Negotiable grace periods Market minimum DSCR levels Market required leverage levels Economical fees levied 17 1 Application for financing submitted x 2 Initial review of project scope and cost
Loan Financing. (a) Managing Member or an affiliate of Managing Member (in such capacity, “Guarantor”) shall execute and deliver any indemnities and guaranties that any lender of the Company or its Subsidiaries may require including, without limitation, any principal repayment or performance guaranties, “bad boy” guaranty, environmental indemnity, non-recourse carveout guaranty, completion guaranty, carry cost guaranty, or any other guaranty executed by the Guarantor in favor of any institution providing a Loan to the Company or any affiliate of the Company (each, a “Guaranty”).
(b) Except as set forth in Section 9 and Section 18, the parties intend that no Member, or any of its affiliates, shall have any liability under or in connection with any Loan or Loan Documents.
