Loan Terms. The Loan will be evidenced by the Note and will bear interest and be paid in accordance with the payment terms set forth in the Note.
Loan Terms. 2.1 The term for such Loan will be ten (10) years, calculated from the date when the Borrower actually draws the Loan. The term under this Agreement shall be automatically extended for another ten years unless written notice to the contrary is given by the Lender three months prior to the expiration of this Agreement.
Loan Terms. The Lender agrees to lend the Borrower under the following terms: Principal Amount: $[AMOUNT BORROWED] Interest Rate: [INTEREST RATE]% compounded per: (check one) ☐ - Month ☐ - Annum ☐ - Other: [OTHER] Borrower to Receive the Borrowed Money on: [DATE] Hereinafter known as the “Borrowed Money.”
Loan Terms. Subject to Section 1.1 above, the Principal Amount shall be transferred to the Company (or to any service provider of the Company on behalf of the Company, as instructed by the Company) by the Lender, in US Dollars or NIS, at the discretion of the Lender, at the exchange rate in effect on the date of the transfer of funds, by means of wire transfer in accordance with the wire instructions to be provided to the Lender by the Company. The Principal Amount shall be used for funding the Company’s operations.
Loan Terms. You may have only one loan outstanding at any time. The minimum loan amount is $1,000 and the maximum loan amount is the lesser of: • 50% of the Contract Value; or • $50,000 less the highest outstanding Contract Debt during the 12-month period immediately preceding the effective date of the loan. You should refer to the terms of your particular Qualified Plan for any additional loan restrictions. If you have other loans outstanding pursuant to other Qualified Plans, the amount you may borrow may be further restricted. We are not responsible for making any determinations (including loan amounts permitted) or any interpretations with respect to your Qualified Plan. Loan Interest Rate – You will be charged interest on the Contract Debt at an annual rate equal to 5%. Interest charged will accrue daily beginning on the day the loan is effective.
Loan Terms. Your loan will have a principal balance between $1,000 and $25,000 in the specific amount and on the terms set forth in the disclosures provided to you (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action). All loans are closed-end loans with a three (3)-year term. Please see the disclosures provided to you in connection with registering your loan request on the Site for additional details. Your obligations, including your obligation to repay principal and interest, are set forth in this Agreement and in the Note or Notes that you will make to us, as described in section 3 below.
Loan Terms. USDA agrees to loan the principal sum of (hereinafter referred to as ''Loan''), to be disbursed as hereinafter provided, bearing interest at the fixed rate of 1 percent per annum from the date funds are advanced as more specifically set forth in paragraph 2 below. The term of the loan is for years from . This loan is evidenced by a promissory note of even date herewith made payable to the USDA. Intermediary agrees to use the loan and its proceeds solely for activities as set forth in its Intermediary Relending Program (IRP) application including the ''work plan'' submitted to USDA (including any supplements or modifications thereof agreed to by both parties) and in accordance with the loan terms and conditions, the terms and conditions of this Loan Agreement and the rules and regulations (as they may be amended) governing the IRP (7 CFR Part 4274, subpart D and 7 CFR Part 1951, subpart R).
Loan Terms. Subject to the terms and conditions of this Master Loan Agreement, Bank will lend, and Borrower will borrow, such sums as Bank and Borrower shall agree upon, as specified in the Loan Summary which borrowing shall be evidenced by the Note. All of the terms, definitions, conditions, and covenants of the Note, the Assignment of Leases and Rents, the Agreement Not to Encumber, and any other documents executed in connection therewith or pursuant thereto are expressly made a part of this Master Loan Agreement by reference in the same manner and with the same effect as if set forth herein at length and shall have the meaning set forth in such instrument(s) unless otherwise defined herein.