Examples of Bank Loan in a sentence
The total consideration for the sale of the Surplus Shares shall be transferred to the Seller's bank account in Bank Hapoalim and used for repayment of the existing loan of the Seller to Bank Hapoalim to be replaced by the Bank Loan.
For the avoidance of doubt, to the extent the Seller does not make-up the number of Additional Pledged Shares, as aforesaid, then, without derogating from any other remedy available to the Buyer under this Agreement or Applicable Law, the Buyer shall have the right (but not the obligation) to assume the Bank Loan and receive the Pledged Shares in accordance with the terms of this Agreement, all subject to the conditions set forth in Section 18 of the Bank Loan and Section 21 of the Assumed Loan Agreement.
To the Seller's best knowledge, there are no circumstances which constitute or may constitute upon the lapse of time, an event of default under the Bank Loan.
Upon an Assumption, any Pledged Shares (other than the Remaining Pledged Shares), any amount remaining in the Deposit and any Additional Pledged Shares which are not required to secure payment of an interest payment due and payable under the Bank Loan prior to the Assumption Closing shall be released to the Seller free and clear of any Encumbrances.
Total statewide sales, services and use tax revenues were $18,202,089.B. Capital Loan NotesIn June 2014 the District entered into a loan and disbursement agreement with Iowa Finance Authority (IFA) under which the IFA provides financial assistance for the Iowa Energy Bank Loan Program including making loans to public sector entities for the purposes of the program.