The Loan Amount. Subject to the terms and conditions of this Agreement, IDB shall lend to the Borrower, and the Borrower may borrow from IDB, an aggregate principal amount of up to two hundred fifty million Dollars ($250,000,000). The Loan shall consist of:
The Loan Amount. For true value received promise to pay to the order of BFL Group, LLC, the sum of Thirty Thousand Dollars ($30,000.00 USD). The entire principal shall be fully and immediately payable UPON DEMAND of the Secured Party thereof on or after 60 days from the date of signing shown below. The Secured Party shall have at its discretion the right to extend the note in increments of thirty (30) additional days upon the request of the Debtor. At such time an extension is granted to the Debtor by the Secured Party simple interest shall begin accruing at the rate of two and one half percent (2½%) per month from the date of the extension. Upon mutual agreement of the Debtor and the Secured Party indefinite extensions may be granted. At the due date of the loan should the Secured Party elect to exercise the right of calling the note, the Debtor shall have ninety (90) days from the date that the Secured Party’s written notice is received by the Debtor to pay, settle and totally discharge the note without additional penalty or interest.
The Loan Amount. Subject to and upon the terms and conditions of this Agreement, Lender agrees to loan to Borrower the sum of Three Hundred Fifty Thousand and no/100th Dollars ($350,000), or so much thereof as is disbursed to Borrower in accordance with this Agreement ("Loan"). The Loan shall be evidenced by a promissory note ("Note") payable by Borrower to Lender and substantially in the form of Exhibit A attached to this Agreement, which shall be dated as of the date of this Agreement. Proceeds of the Loan shall be disbursed in accordance with Section 3 hereof.
The Loan Amount. The loan amount shall be Three Hundred Eighty-One Thousand Nine Hundred Fifty-One and 04/100 U.S. Dollars ($381,951.04) and shall be advanced and disbursed, subject to all the provisions and conditions of this Agreement and any related Loan Documents. Indebtedness advanced to Borrower pursuant to this Agreement shall be subject to a separate Note. Additional terms of the Loan are more specifically described on Schedule 1, attached hereto and incorporated herein by reference.
The Loan Amount. At the Closing (as defined below), the Lenders shall provide the Company a loan in the aggregate principal amount of up to Three Million United States Dollars ($3,000,000) (the “Principal Amount”), pursuant to the allocation set forth in Exhibit A attached hereto. In addition, it is agreed that the Company may borrow, under same terms, additional amounts from external investors which are not shareholders of the Company (the "New Investor(s)") in one or more tranches, up to an additional principal amount of Txx Xxxxxxx Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (US $2,500,000) subject to the resolution of the board of directors of the Company, all within a period ending on the earlier of: (a) 20 days following the Closing, and (b) the pricing of an initial public offering of the Company. The New Investor shall sign a joinder to this Agreement and shall each be deemed as an Investor for the purpose of this Agreement. In the event that the investment (the “New Investors’ Investment”) made by the New Investors will be made in the form of a loan pursuant to such a joinder, the New Investors’ Investment shall not be considered as a Financing Round for the purpose of Section 2.1 below ("Additional Closing").
The Loan Amount. Subject to the terms and conditions of this Agreement, the Lender hereby agrees to lend to the Borrower, and the Borrower hereby agrees to borrow from the Lender and repay the Lender or its Assigns, the amount of $1,000,000.00 (hereinafter called the "Loan"). The obligation of the Borrower to repay the Loan shall be evidenced by a promissory note (hereafter called the "Note") of the Borrower in a form satisfactory to the Lender, dated the date on which the Loan is made (hereafter known as the "Closing Date") payable to the order of the Lender in the amount of $1,000,000.00;