Loans Payable Clause Samples
The "Loans Payable" clause defines the obligations of a party to repay borrowed funds under specified terms. It typically outlines the amount owed, repayment schedule, interest rates, and any conditions for prepayment or default. This clause ensures that both lender and borrower have a clear understanding of the repayment expectations, thereby reducing the risk of disputes and providing a framework for managing debt obligations.
Loans Payable. The Miners Entities are obligated for loans payable in the approximate amount of NINE MILLION FIVE HUNDRED THOUSAND DOLLARS ($9,500,000), including chattel mortgages with respect to certain pieces of its equipment in the approximate amount of EIGHT MILLION DOLLARS ($8,000,000), as is reflected on the Financial Statements, as adjusted for increases in debt resulting from a waste hauling contract between the Waste Company and Waste Management, Inc. (WMI) to provide hauling services to WMI be performed in and around the State of Maryland.
Loans Payable. Loans in the amount of $50,000 bear interest at the rate of 18% per annum and are to be repaid on September 29, 1999.
Loans Payable. Loans payable are unsecured, non-interest bearing and have no specific terms for repayment. Included in loans payable at September 30, 2003 is $22,340 due to the director of the Company. Note 6 The following table summarizes the significant components of the Company’s deferred tax assets: Deferred Tax Assets Non-capital losses carryforward $ 35,614 Valuation allowance for deferred tax asset ( 35,614) $ - The amount taken into income as deferred tax assets must reflect that portion of the income tax loss carryforwards that is likely to be realized from future operations. The Company has chosen to provide an allowance of 100% against all available income tax loss carryforwards, regardless of their time of expiry. Note 7
Loans Payable. Related Parties
Loans Payable. SHORT TERM LOANS Short term loans are due within one year. These loans are secured by the land and plant of the Company, and guaranteed by a related company. These loans bear interest at prevailing lending rates in the PRC ranging from 6.36% to 8.64% per annum. A long term loan is secured by the land and plant of the Company, and guaranteed by Henan Zhongpin Industrial Company Limited and bears an interest rate ranging from 4.8% to 7.2% per annum. HENAN ZHONGPIN FOOD SHARE COMPANY LIMITED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Loans Payable. The loans payable are unsecured, non-interest bearing and have no specific terms for repayment. Included in loans payable at June 30, 2004 is $35,836 (September 30, 2003: $22,340) due to the director of the Company. BDO Deutsche Warentreuhand Aktiengesellschaft Wirtschaftsprüfungsgesellschaft ha 41/2004/6 Report of Independent Registered Public Accounting Firm 1 Balance Sheets as of July 31, 2004 and May 13, 2004 2 Statement of Operations for the Period from inception to July 31, 2004 3 Statement of Stockholders' Equity for the Period from inception to July 31, 2004 4 Statement of Cash Flows 5 Notes to Audited Financial Statements 6 German Patent Application No. 101 29 047.0 Fully sintered heat exchangers in all possible geometric forms for all application purposes. German Publication No. DE 102 23 578 A 1 Device for the production of water for industrial/domestic use International Publication No. WO 01/753181 A3 Transportable Cool Box System Technology International Publication No. WO 01/753181 A2 Transportable Cool Box System Technology SPECIAL WARRANT CERTIFICATE NO. ________________________SPECIAL WARRANTS entitling the holder to acquire, subject to adjustment, one share in the common stock of V G Tech, Inc. for each Special Warrant represented hereby. SPECIAL WARRANT CERTIFICATE V G TECH, INC. (Incorporated under the laws of Nevada) THIS IS TO CERTIFY THAT, for value received, (the "Holder") is entitled, without any further payment therefor, to acquire in the manner and subject to the restrictions and adjustments set forth herein, during the Exercise Period (as defined below) and without the payment of any consideration, one fully paid and non-assessable share (a "Common Share") in the common stock of V G Tech, Inc. (the "Corporation") for each Special Warrant represented hereby.
Loans Payable. 15.1 Attached as EXHIBIT 8.A.
15.1.1. are a list and complete and accurate copies of the middle-term and long-term loans and other credit facilities, including repayable subsidies, that the companies of the Ducros Group have subscribed, with an indication of the amount, term and the securities pertaining to said loans and other credit facilities.
15.1.2. are a list and complete and accurate copies of the loans and other credit facilities granted by the companies of the Ducros Group to third parties other than the companies of the Ducros Group and, in particular, to their employees.