Short Term Loan Sample Clauses

Short Term Loan. Khoản Tín dụng số 3: Khoản vay ngắn hạn. (a) Amount: The aggregate principal sum of the Facility shall not exceed USD (in words: United States Dollars Only) or the equivalent thereof in VND. Hạn mức: Tổng dư nợ gốc của Khoản Tín dụng không được vượt quá USD (bằng chữ: Đô la Mỹ chẵn) hoặc số tiền tương đương bằng tiền Đồng.

Short Term Loan. Subject to the terms and conditions hereof, the Lender agrees to make a loan to Borrowers in a single advance on October 31, 1997, in the amount of $500,000 (the 'Short Term Loan'). The Short Term Loan shall be secured by (i) on or before November 14, 1997, an amount equal to the greater of (A) $200,000.00 or (B) the amount payable to Ershigs pursuant to Section 1(d) of that certain Stock Purchase Agreement, dated as of September, 1997, among GL&V/LaVa▇▇▇▇ ▇▇▇ustries, Inc., GL&V/LaVa▇▇▇▇ ▇▇▇struction, Inc., and Ershigs; (ii) equal monthly installments of $50,000.00 each thereafter, the first such installment being due on the first day of December, 1997, and succeeding installments being due on the same date of each successive month thereafter; and (iii) a final installment of all unpaid principal due on April 30, 1998. Borrowers will, jointly and severally, pay interest on the unpaid principal amount of the Short Term Loan at a rate per annum equal to the lesser of (A) the Maximum Rate, or (B) the sum of one percent (1.0%) plus the Prime Rate, payable monthly in arrears on each Interest Payment Date and on April 30, 1998. Interest on the Short Term Loan shall be computed on the basis of a year of 360 days and the actual number of days elapsed; provided, however, any calculation of the Maximum Rate shall be computed on the basis of the actual days elapsed in a year of 365 or 366 days, as appropriate, unless the Texas Credit Title permits any applicable interest rate ceiling to be calculated on the basis of a 360-day year and twelve 30-day months. The Lender is hereby authorized to record each repayment of principal of the Short Term Loans in its books and records, such books and records constituting prima facie evidence of the accuracy of the information contained therein."

Short Term Loan. During the first quarter of 2019, a Japan subsidiary had repaid the loan from financial institution in full amount of Yen 300 million. During the year 2019, a China subsidiary had short-term loan from financial institution in the amount of Yuan 8 million with interest rate at 5.655% per annum, maturity less than one year. The loan is guaranteed by the construction on the subsidiary’s land leasehold. The subsidiary had repaid the loan fully amount in the fourth quarter of 2019.

Short Term Loan. (a) The Initial Loan Proceeds, together with the Additional Loan Proceeds (as hereafter defined), are sometimes hereinafter jointly referred to as the "Loan Amount". Subject to the terms hereof: E2E (i) shall make available to the Company additional funds (the "Additional Loan Proceeds") of up to $1,800,000, and (ii) agrees that, unless (A) the Company fails to provide its president's certificate as required in this Section 1, (B) the Company is in default of any of the terms of this Agreement, the Note (as hereinafter defined) or the Merger Agreement, or (C) E2E receives a notice from the Company's president requesting E2E to delay making a disbursement or reduce the amount of any disbursement of the Additional Loan Proceeds, E2E will automatically make disbursements of the Additional Loan Proceeds to the Company in an aggregate amount not to exceed $1,600,000 as follows: (1) a disbursement in the amount of $300,000 on September 27, 1999; (2) a disbursement in the amount of $400,000 on October 11, 1999; (3) a disbursement in the amount of $300,000 on October 25, 1999; (4) a disbursement in the amount of $300,000 on November 8, 1999; and (5) a disbursement in the amount of $300,000 on November 22, 1999. (b) If E2E elects, in accordance with the terms of Section 1.6(a) of the Merger Agreement, to extend the Closing Date (as such term is defined in the Merger Agreement) beyond November 30, 1999, E2E agrees to make the balance of the Additional Loan Proceeds, in the amount of $200,000, available to the Company, upon the Company's written request, at any time between November 30, 1999 and December 31, 1999; provided that (i) the Company provides its president's certificate as required in this Section 1 and (ii) the Company is not in default of any of the terms of this Agreement, the Note (as hereafter defined) or the Merger Agreement. (c) Each disbursement of the Additional Loan Proceeds shall be conditioned upon E2E's receipt from the Company of a certificate executed by its president updating the truth, accuracy and completeness of all of the representations, warranties and covenants set forth on Exhibit A, subject to changes in such ------- - representation and warranties which are disclosed to E2E in writing prior to each disbursement and do not have a material adverse affect on the Company or its operations and prospects.

Short Term Loan. Prior to the Closing, the Company may borrow up to $8,000,000 from a lender and upon terms satisfactory to Purchaser (the “Short-Term Loan”) for working capital. At the Closing, the Company will use proceeds of the Purchase Price to pay in full all outstanding amounts owed under the Short-Term Loan. Each of the Company, SCH and ▇▇. ▇▇▇▇▇▇, jointly and severally, represents and warrants to Purchaser as of the date hereof and as of the Closing (as if made thereon) that the proceeds of the Short-Term Loan have been used only for bona fide, tax deductible business expenses of the Company and not for any personal expenses of ▇▇. ▇▇▇▇▇▇, SCH or any Affiliate of either of them (excluding the Company), no matter how such expenses are reported by the Company.

Short Term Loan. The parties acknowledge that the Company is loaning to Employee the sum of $100,000, which loan is being evidenced by a Demand Recourse Promissory Note in the form attached hereto as Annex E.

Short Term Loan. The Parties acknowledge and agree that, notwithstanding the portion of the Purchase Price actually paid at each Closing, the amount of the sum of the Purchase Price paid by Buyers with respect to the Purchased Assets and Business of Sellers shall be allocated between Sellers as follows: Omega - 66.67%; and Bango Refining - 33.33%. Accordingly, the Parties agree that the amount by which the Closing Cash Payment made plus the portion of the Closing Stock Consideration issued at the Initial Closing exceeds Omega's portion of the Purchase Price, plus the amount of any loans provided by Buyers to Sellers pursuant to Section 9.20 below, shall be deemed a loan made by Buyers jointly and severally to Sellers in the principal amount of such sum (the sum of all such amounts is referred to as the "Loan Amount"), which original Loan Amount shall be reflected on the Closing Statement delivered by the Parties at the Initial Closing. The Loan Amount shall be evidenced by a promissory note in substantially the form attached hereto as Exhibit A (the "Seller Note") which shall not bear interest for the six month period following the Initial Closing and shall be paid in full in connection with the Second Closing as part of the transactions occurring at such Closing. In the event the Second Closing does not occur within six months of the Initial Closing, then the Loan Amount shall bear interest thereafter at a rate equal to 9.5% per annum, which interest shall thereafter be payable by Sellers to Buyers on a monthly basis commencing on the seven month anniversary of the Initial Closing Date and continuing on the same day of each subsequent month until the Second Closing. Such interest payments shall be paid by wire transfer in immediately available funds to the account designated by Buyers. To secure Sellers' prompt payment and performance of the Secured Obligations (as defined below), Bango Refining, effective as of the Effective Time of the Initial Closing, pledges, assigns and grants to Vertex, a security interest in all of Bango Refining's right, title and interest in, to and under all of the assets of Bango Refining, regardless of where located (all of which will be collectively referred to as the "Collateral"), including: (i) all accounts and accounts receivable; (ii) all chattel paper; (iii) all documents; (iv) all equipment; (v) all buildings, fixtures and other leasehold improvements; (vi) all general intangibles; (vii) all goods; (viii) all instruments; (ix) all inve...

Short Term Loan. The proceeds of the Short-Term Loan shall be --------------- deposited into the deposit account referred to in subsection 2.9 and thereafter applied (i) if the Tack-on Notes are issued, to (a) repurchase receivables sold pursuant to the Receivables Purchase Agreement, dated as of April 19, 2000, between Company and JPMorgan Chase Bank in order to terminate such agreement and (b) prepay outstanding Swing Line Loans and Revolving Loans in accordance with subsection 2.4B(i) or (ii) if the Tack-on Notes are not issued, to pay or prepay the Short-Term Loan.

Short Term Loan. Vast Solar will use funds raised under the Proposed Capital Raising, the Shares and the Convertible Notes No 5 to repay the Short Term Loan and interest accrued under the Loan Agreement. This can occur by direction.