Provision of the Loan Sample Clauses

Provision of the Loan. The Borrowers applied to the Lender for the Loan. The Lender agreed to provide the Loan to the Borrowers and disbursed the Loan in full to the Borrowers on the date determined by the the Lender and the Borrowers.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Provision of the Loan. In connection with the Agreement, Xxxx Xx Xxxxxx has from time to time granted loans to LFD Pymble as LFD Pymble’s 30% contribution for the settlement of the development costs of the Project. As at the date of this announcement, Xxxx An Pymble granted the Loan in the aggregate amount of approximately A$14,385,000 (equivalent to approximately HK$76,816,000) to LFD Pymble for the Term at an interest rate of 12% per annum. For further details of the terms of the Loan, please refer to the Previous Announcement.
Sample 1
Provision of the Loan. Pursuant to the Agreement, XXX Xxxxxx agreed to provide the Loan in the amount of A$49,155,000 (equivalent to approximately HK$262,979,000) to PCC for the purposes of funding the acquisition of the Land and the development costs of the Project. DEED OF PARTICIPATION On 6th December, 2019, TAC Lennox, PCC and EQ Equity entered into the Deed of Participation, pursuant to which, XXX Xxxxxx agreed to pay PCC A$13,145,000 (equivalent to approximately HK$70,326,000) as the Participation Fee in consideration of the participation in the joint development of the Project.
Sample 1
Provision of the Loan. The Borrower requests the Lender to provide the Loan. The Lender agrees to provide the Loan to the Borrower and the Lender paid the full amount of the Loan to the Borrower on July 10, 2010.
Sample 1
Provision of the Loan. 2.7.1 The Loan shall be provided to the Seller within 5 Business Days of the date of execution of this Agreement (heretofore and hereinafter, the “Date of Provision of the Loan”).
Sample 1
Provision of the Loan. 2.1. Upon execution of the APA and subject to the delivery to the Company of the Pledge Documents as provided below, the Lender shall provide the Borrower a loan in an aggregate amount of NIS 1,000,000 (the “Loan”)
Sample 1
Provision of the Loan. Subject to the terms and conditions of this Agreement, OEP and CHME shall give a written instruction along with other necessary documents to the Escrow Agent to provide the Loan from the Escrow Account to a Hong Kong bank account of CHME, as designated in writing by CHME in advance.
Sample 1
AutoNDA by SimpleDocs
Provision of the Loan. The Lender will fund the Loan proceeds as provided in Section 2 above within 2 days of the execution of this Agreement on best efforts basis. 5.
Sample 1
Provision of the Loan. The Board is pleased to announce that on 2 August 2021, the Loan Agreement was entered into between Oi Wah PL as lender and the Customer as borrower. Pursuant to the Loan Agreement, Oi Wah PL has agreed to grant the Loan to the Customer for a term of 12 months. The principal terms of the Loan Agreement are set out as follows: LOAN AGREEMENT Date of the agreement: 2 August 2021 Lender: Oi Wah PL Borrower: The Customer Principal: HK$35,000,000.00 Interest rate: 11% per annum Term: 12 months commencing from the drawdown date Security: A first legal charge/mortgage in respect of a residential property located in Central Mid-Levels with valuation conducted by an independent property valuer on 14 July 2021 with an amount of approximately HK$110,000,000.00 as at 14 July 2021 Repayment: The Customer shall repay the interests on a monthly basis with the principal amount to be repaid at loan maturity Early redemption: An administrative fee of HK$962,500.00 is payable if the Loan is fully repaid within 3 months from the drawdown date Other terms of the Loan Agreement Pursuant to the Loan Agreement, the Loan is guaranteed by the Merchant. The mortgaged property under the Loan Agreement is insured against fire risks with an insurance company approved by Oi Wah PL.
Sample 1

Related to Provision of the Loan

  • Provision of Funds (a) GMAC agrees to contribute and deposit in the Certificate Account on behalf of Residential Funding (or otherwise provide to Residential Funding, or to cause to be made available to Residential Funding), either directly or through a subsidiary, in any case prior to the related Distribution Date, such moneys as may be required by Residential Funding to perform its Subordinate Certificate Loss Obligation when and as the same arises from time to time upon the demand of the Trustee in accordance with Section 12.01 of the Servicing Agreement.

  • Provision of the Service Okta provides the Service to Customer under the Agreement. In connection with the Service, the parties anticipate that Okta may Process Customer Data that contains Personal Data relating to Data Subjects.

  • Disbursement of the Loan Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

  • Terms of the Loan 2.1 The Lender will lend to the Company, and the Company will borrow from the Lender by way of one advance to be evidenced by a promissory note in the form attached hereto as Schedule “A”, the Principal sum of fifty thousand dollars (USD) subject to the terms and conditions of this Agreement and the Securities.

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • Provision of the Services 6.1 The Service Provider shall, throughout the term of this Agreement, provide the Services to the Client in accordance with the terms and conditions of this Agreement. The Service Provider shall be responsible for ensuring that it complies with all statutes, regulations, byelaws, standards, codes of conduct and any other rules relevant to the provision of the Services.

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply:

  • Modification of the Agreement Notwithstanding any of the provisions of this Agreement, the parties may agree to amend this Agreement. No alteration or variation of the terms of this Agreement shall be valid unless made in writing and signed by the parties hereto. No oral understanding or agreement not incorporated herein shall be binding on any of the parties hereto.

  • Provision of Funding 3.1 In each Funding Year, the LHIN shall advise the HSP of the amount of its Estimated Provincial Subsidy. The amount of the Estimated Provincial Subsidy shall be calculated on both a monthly basis and an annual basis and will be allocated among the Envelopes and other funding streams applicable to the HSP, including the CFS.

  • Application of the Agreement (1) This Agreement shall apply to investments made in the territory of either Contracting Party in accordance with its legislation by investors of the other Contracting Party prior as well as after the entry into force of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.