Your Loan Clause Samples
The "Your Loan" clause defines the terms and conditions specific to the borrower's loan under the agreement. It typically outlines the principal amount, interest rate, repayment schedule, and any fees or charges associated with the loan. For example, it may specify when payments are due and what happens in case of late payment. This clause ensures both parties have a clear understanding of the financial obligations and expectations, reducing the risk of disputes over loan terms.
Your Loan. 1.1 The contract for your loan
Your Loan. Your Loan will consist of: a all principal amounts that we pay you under this Agreement, including the Initial Advance; b all amounts advanced under the Cash Reserve Facility (if any); and c all accrued and unpaid interest and fees and charges payable under this Agreement.
Your Loan. Your Loan will consist of all principal amounts owing under this Agreement, including each Advance Amount, and all accrued and unpaid interest, fees and charges payable under this Agreement.
Your Loan. You have borrowed the Borrowed Amount from us (the “Loan”) to enable you to purchase the Products. You direct us to pay the Purchase Price After Tax directly to the Supplier. The Term of your Loan will start on the first day of the month following the date that the Supplier ships the Products to you (the "Commencement Date”) and, unless terminated earlier in accordance with this Retail Credit Application and Agreement (the “Agreement”), will continue to the end of the Term or until all other amounts owing by you under this Agreement have been paid in full.
Your Loan and all other loans to Meadow Ridge made by The Community residents (up to an aggregate of $200,000,000, as may be increased from time to time), shall be secured by a mortgage on the real estate known as The Community which is owned by Meadow Ridge. The mortgage will be subject and subordinate to certain permitted encumbrances. A copy of the Mortgage and the Indenture of Trust is available to you upon request.
Your Loan. Your loan type is a Loan Type . The terms and conditions that apply to your loan (other than those implied by law) are set out in the following documents:
Your Loan. Your Loan will consist of: a all principal amounts that we pay you under this Agreement, including the Initial Advance and all Monthly Advances (if you chose the Monthly Advance Option); b all amounts advanced under the Express Top Up Facility (if any); c all amounts advanced under the Redraw Facility; and d all accrued and unpaid interest and fees and charges payable under this Agreement.