Unsecured Loan. The Loans shall be unsecured.
Unsecured Loan. The Approved Seller acknowledges that the Advance is an unsecured loan, and does not have the benefit of any Security Interest under the Security Trust Deed.
Unsecured Loan. The Borrower’s obligations under this Note shall be unsecured.
Unsecured Loan. Creditor hereby entered into this Loan Agreement with the understanding that the Debtor is a development stage company with limited assets, revenues, or operations.
Unsecured Loan. Any assets of AMI or other collateral do not secure this Loan.
Unsecured Loan. Except as may be required to Cash Collateralize Letter of Credit Liabilities, the Loans shall be unsecured.
Unsecured Loan. The Banks have agreed to make the Loans and issue the Letters of Credit to the Borrower on an unsecured basis. Notwithstanding the foregoing, the Obligations shall be guaranteed by the Guarantors pursuant to the Guaranty.
Unsecured Loan. If Metallica’s full entitlement is less than $1,000,000, QOL can, at any time after the rights issue closing date and up to 31 July 2009, draw the balance by way of unsecured loan (Loan). • Repayment date: The Loan is repayable on 31 December 2009 or earlier at QOL’s election • Interest: Interest accrues at the rate of 6% per annum and is payable at the same time as the Loan principal is repaid • Use of funds: The funds must be used to repay the Outback Metals Limited loan of $600,000 plus interest and for QOL’s working capital.
