Common use of Refinancing Loan Clause in Contracts

Refinancing Loan. Subject to the terms and conditions set forth in this Agreement, EIF agrees to make a loan (the "Refinancing Loan") to Borrowers of up to Six Hundred Eighty Thousand Dollars ($680,000) to refinance the outstanding principal and accrued interest due on the Bank Loans ("Bank Loans Financing")

Refinancing Loan. Subject to the terms and conditions set forth in this Agreement, EIF agrees to make a loan (the "Refinancing Loan") to Borrowers of up to Six Hundred Eighty Seventy-Four Thousand Two Hundred Seventy-Nine Dollars and Thirty-Four Cents ($680,000674,279.34) to refinance the outstanding principal and accrued interest due on the Bank Loans ("Bank Loans Financing").