Loan Terms Sample Clauses

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. 18 Section 2.1 The Loan ..................................................................................................................

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. Subject to the terms and conditions of this Loan Agreement and the other Loan Documents, the Lender agrees to make the Loan to the Borrower in the principal sum of the Loan Amount, such borrowing to be evidenced by the Note and the other Loan Documents.

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. 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 and the Credit Agreement. 3. Section 2.02 is amended and restated to read as follows:

Loan Terms. You promise to pay the Loan’s Approved Amount, or so much of it as Bank may advance, together with interest, as set forth herein and in the Addendum beginning one (1) month after the “Effective Date” specified in the Addendum and on that same date in each consecutive month (“Payment Date”). In months with fewer than thirty-one (31) days, your Payment (as defined below) will be due on the last day of the month if your numerical payment date does not occur. Your Payments (as defined below) begin the first month after the Loan is advanced. Your monthly Payments (as defined below) will continue until the date outlined in the Addendum, when your Loan matures (the “Maturity Date”). On the Maturity Date, your Loan is due in full. You will make Payment to the Bank or to its order at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ or such other place as the Bank may designate, in U.S. dollars. Payments in cash are not permitted. (a) You will owe all principal owed on the Loan, unpaid interest, and fees, if any, without claim, notice or presentment, on the earlier of: (i) the occurrence of an Event of Default; or (ii) the Maturity Date. (b) Interest on the Loan will accrue daily on the amount actually drawn from the date it is drawn, calculated as a fixed rate which is specified in the Addendum (“Interest Rate”), and shall be computed on the basis of a three hundred sixty-five (365) day year for actual days elapsed. (c) The Loan Term specified in the Addendum consists of an initial two year interest-only draw period (the “Draw Period”), beginning on the Effective Date and ending on the second anniversary of the Effective Date (the “Conversion Date”), followed by a fully amortizing repayment period of five, eight, or thirteen years depending on the option you chose (the “Repayment Period”). During the Draw Period, you may request draws on the Loan to the extent the full Approved Amount has not been drawn. Any principal balance you choose to repay during the Draw Period will be made available to fund additional draws on your Loan, provided that no Event of Default has occurred. No draws will be permitted during the Repayment Period, at any time after an Event of Default has occurred, or if the Account is closed, whether by you or by us. (d) You authorize all payments of principal and interest that are due and owing, whether monthly or upon an Event of Default or on the Maturity Date, and any charges, fees, costs and expenses due and owing hereunder (a “Payment”) to be deduct...

Loan Terms. (1) For a Non-program loan secured by real estate, the Agency schedules repayment in 25 years or less, based on the applicant’s repay- ment ability. (2) For a Non-program loan secured by chattel property only, the Agency schedules repayment in 5 years or less, based on the applicant’s repayment ability. The transferor and transferee are re- sponsible for paying transfer costs such as real estate taxes, title examination, attorney’s fees, surveys, and title in- surance. When the transferor is unable to pay its portion of the transfer costs, the transferee, with Agency approval, may pay these costs provided: (a) Any cash equity due the trans- feror is applied first to payment of costs and the transferor does not re- ceive any cash payment above these costs; (b) The transferee’s payoff of any jun- ior liens does not exceed $5,000; (c) Fees are customary and reason- able; (d) The transferee can verify that personal funds are available to pay transferor and transferee fees; and (e) Any equity due the transferor is held in escrow by an Agency designated closing agent and is disbursed at clos- ing.

Loan Terms. 2.1 The term for such Loan will be ten (10) years from the execution date of this Agreement. The term under this Agreement shall be automatically extended for successive ten year periods unless written notice to the contrary is given by the Lender three months prior to the expiration of this Agreement. 2.2 The Lender and the Borrower jointly agree and confirm that the Borrower shall not repay the Loan in advance except for Lender’s requirement or the expiration of this Agreement. The Borrower shall repay the Loan only in the following way and amount: the Borrower shall repay the Loan only by using all the funds obtained by the Borrower from transferring the entire Borrower’s equity in Shanghai Quan Toodou to Lender or to any other third party designated by the Lender. In case the funds received by the Borrower from transferring the aforesaid equity is subject to any tax or administrative expenses, the Borrower shall only be obliged to repay the net portion of such funds (after deducting any applicable tax and expenses) to the Lender. When all of the Borrower’ equity in Shanghai Quan Toodou is transferred as stipulated above and if all the fund thereof is repaid to the Lender by the Borrower, all the outstanding Loans hereunder shall be regarded as repaid. 2.3 The Lender and the Borrower agree and confirm that the Borrower shall immediately repay the Loan in advance in case any one of the following occurs: 2.3.1 The Borrower dies or becomes a person with no or limited capacity for civil rights; 2.3.2 The Borrower commits a crime or is involved in crime; 2.3.3 Any third party claims debt of the Borrower exceeding RMB1,000,000 (RMB one million) which the Borrower is not able to repay; 2.3.4 There are no legal restrictions for foreign investors to directly invest in the value-added telecommunication business or online audiovisual streaming business under PRC law; or 2.3.5 In the event that the Lender issues a written notice to the Borrower for repayment of the Loan.