Loans to Clause Samples
The "Loans to" clause defines the terms under which one party may provide loans to another party within the context of the agreement. Typically, this clause outlines the conditions, limits, and procedures for extending credit, such as specifying eligible borrowers, maximum loan amounts, interest rates, and repayment schedules. By clearly setting out these parameters, the clause helps prevent misunderstandings and disputes regarding lending arrangements, ensuring both parties understand their rights and obligations related to loans.
Loans to. (a) Zazoo Limited to fund operating costs not exceeding R10,000,000 (or the equivalent in any other currency) in aggregate at any time; and
(b) Smart Life not exceeding R10,000,000 in aggregate at any time;
Loans to. Vendors There are not outstanding:-
10.2.1 any loans made by the Company to the Vendors and/or any director of the Company and/or any Associate of the Vendors or of any such director; 10.
Loans to a Borrower shall affect or in any manner impair the obligations of a Borrower to pay the Loans (and all related Obligations) incurred by a Borrower which would otherwise be evidenced thereby in accordance with the requirements of this Agreement, and shall not in any way affect the security or guaranties therefor provided pursuant to the various Loan Documents. Any Lender which does not have a Note evidencing its outstanding Loans shall in no event be required to make the notations otherwise described in preceding clause (f). At any time when any Lender requests the delivery of a Note to evidence any of its Loans, the applicable Borrower shall (at its expense) promptly execute and deliver to the respective Lender the requested Note in the appropriate amount or amounts to evidence such Loans
Loans to. Officers andPermit or allow loans to directors, Employees officers, partners, shareholders and employees of both Borrowers to exceed, in the aggregate, the sum of Five Hundred Thousand Dollars ($500,000.00).
Loans to. Transferred Employees Schedule 1.2(g) ....
Loans to. (a) the Kwande Group to fund operating costs not exceeding ZAR2,000,000 (or the equivalent in any other currency) in aggregate at any time; and
(b) Zazoo Limited to fund operating costs not exceeding USD5,000,000 (or the equivalent in any other currency) in aggregate at any time; and
(c) Smart Life not exceeding R10,000,000 in aggregate at any time;
Loans to local agencies unable to meet matching requirements; deferred payment agreements 100 § 8687. Revenues available for deferred payments 100