The Loan Agreement Sample Clauses

The Loan Agreement. (a) The Bank, as Transferor and Servicer, hereby ------------------ assigns all of its rights and obligations under the Loan Agreement to Successor and, on and after the date of this Agreement, Successor expressly assumes, undertakes and agrees to be liable for the performance of each and every covenant and obligation of the Bank, as Transferor and Servicer, mutatis ------- mutandis, under the Loan Agreement. --------
The Loan Agreement. The Borrower and the Lender are parties to a USD 225,779,737.18 existing financing and USD 100,000,000 new financing top up term loan agreement (the “Loan Agreement”) dated 27 October 2005 pursuant to which, among other things, (i) the Perseverance Tranche will be allocated, on a pro rata basis, to the outstanding Tranches in respect of the Continuing Vessels, (ii) the Existing Tranches will become subject to the terms and conditions of the Loan Agreement, and (iii) the Advance, to be allocated to the New Tranches, will be disbursed to the Borrower. The Tranches have been applied, in accordance with the terms of the Loan Agreement, to the financing of the Continuing Vessels owned by each of the Guarantors.
The Loan Agreement. The Guarantor acknowledges that executed (or conformed) copy of the Loan Agreement and all other documents have been made available to it and it is familiar with the contents thereof.
The Loan Agreement. Each of the Intermediate Companies has signed the Loan Agreement as a Parent Company Guarantor. Each of the Intermediate Companies has made certain representations and warranties and undertakings in favour of the Lender under the Loan Agreement. Each of the Intermediate Companies represents and warrants in favour of the Lender that, to the best of its knowledge, there is no misstatement of information or omission of information which makes any statement contained in the Loan Agreement false or misleading.
The Loan Agreement. In connection with the implementation of a corporate, organisational and financial restructuring of the corporate group comprised of Stolt-Nielsen S.A. and its direct and indirect subsidiaries, the Borrower and the Lender entered into a USD 39,285,714.26 loan agreement (as may be amended from time to time, the “Loan Agreement”) dated 20 May 2003 for the purpose of restructuring the financing of the Vessel M/V Stolt Achievement owned by the Shipowning Company. The Loan Agreement, prior to its amendment by the Amendment (as defined below), required SNSA and SNTG-LIB to guarantee the obligations of the Borrower thereunder and each such company entered into a guarantee for this purpose in favour of the Lender dated 20 May 2003 (collectively, the “Old Guarantees”).
The Loan Agreement. The Borrower and the Lender are parties to a USD 225,779,737.18 existing financing, USD 100,000,000 new financing top up term loan and USD 55,000,000 additional advance agreement dated 27 October 2005 and amended by Amendment No. 1 thereto dated 26 June 2006 and Amendment No. 2 thereto dated the date hereof (as so amended and as may be further amended from time to time, the “Loan Agreement”). Pursuant to Amendment No. 2 to the Loan Agreement, among other things, an additional advance in the amount of USD 55,000,000 will be made available by the Lender to the Borrower, Stolt Achievement B.V. will be added as a Continuing Shipowning Company and MS Stolt Achievement will be added as a Continuing Vessel.
The Loan Agreement. Date: 12 April 2019 Parties: (i) the WFOE (as lender); and (ii) the PRC Equity Owner (as borrower). Principal: The WFOE shall provide a non-interest bearing loan in an aggregate amount of RMB60 million to the PRC Equity Owner, of which (i) RMB2 million will go towards the PRC Equity Owner’s initial contribution to the paid-up capital to the OPCO, to be drawn down within 5 business days from the day that the Loan Agreement becomes effective, and (ii) the remaining RMB58 million will be used for the PRC Equity Owner’s future contribution to the OPCO’s paid-up capital, to be drawn down within three (3) years from the day that the Loan Agreement becomes effective. The Loan Agreement takes effect upon signing and after fulfillment of statutory approval procedures (namely, the Company receiving Shareholders’ approval pursuant to the GEM Listing Rules) by the WFOE and the PRC Equity Owner. Term: 10 years from the effective date of the Loan Agreement and automatically renewable for a term of 10 years upon the expiry of the initial term and all subsequent terms. The loan will become due and payable under any of the following circumstances:
The Loan Agreement. Agent shall have received, a counterpart to this Agreement signed by or on behalf of each Party hereto or written evidence satisfactory to Agent (which may include electronic transmission of a signed signature page to this Agreement) that such party has signed a counterpart to this Agreement;
The Loan Agreement. Date:8 February 2021Parties:(i) the WFOE; and (ii) the PRC Equity Owner.Duration:The term of the loan granted under the Loan Agreement shall commence from the date of the Loan Agreement for five years, which shall be automatically renewed for another five years and a further five years after expiration of each period of automatic renewal.Major terms:The WFOE shall provide to the PRC Equity Owner a non-interest bearing loan in the sum of RMB10,000,000, and the PRC Equity Owner shall accept such loan in accordance with the Loan Agreement. Such loans will be used for the PRC Equity Owner’s contribution to the paid-up capital of the OPCO. The loan will become due and payable upon the WFOE’s demand under any of the following circumstances: (i) the PRC Equity Owner is dead, or has limited or no civil capacity; (ii) the PRC Equity Owner engages in any criminal acts or is involved in any criminal activities; (iii) failure of the PRC Equity Owner to repay any debts owed by him or taking up of any material personal debts which may affect his ability to repay the loans under the Loan Agreement; or (iv) the WFOE gives written notice to the PRC Equity Owner in accordance with the Loan Agreement to exercise its right to purchase the equity interest in the OPCO to the extent permissible under the PRC laws.DIAGRAM OF THE CONTRACTUAL ARRANGEMENT The following diagram sets out the Contractual Arrangement: Outside the PRCInside the PRC100%100%The OPCO(The PRC)The WFOE(The PRC) The PRC Equity OwnerThe Company(Hong Kong) denotes contractual relationship under the VIE Agreements denotes direct legal ownership of the equity interest in the OPCOINFORMATION ABOUT THE WFOE AND THE OPCO The WFOE The WFOE is a wholly foreign-owned enterprise established and subsisting under the laws of the PRC. The WFOE is principally engaged in technical services, technical development, technical consultation, technology exchange, technology transfer and technology promotion. As of the date of this announcement, the entire equity interest of the WFOE is owned by the Company.The OPCO The OPCO is a limited liability company established and subsisting under the laws of the PRC. As at the date of this announcement, the OPCO is wholly owned by the PRC Equity Owner and is principally engaged in the Subject Business. As advised by the PRC Legal Advisers and set out below, information service platform for online data processing and transactions processing services as well as information service businesses (...