Business Development Loan definition

Business Development Loan means a loan from a Financial Institution to the First Nation in accordance with Article 5, the proceeds of which shall be used for construction and development of gas station or such other business as may be approved by Chief and Council;
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Examples of Business Development Loan in a sentence

  • Additionally, to the extent that Employee is required to pay an initiation fee to join such appropriate business or social clubs, Employers will loan Employee an amount not to exceed twenty percent (20%) of --- employee's Base Salary (the "Business Development Loan").

  • In the event that Employee is still employed by Employers on June 23, 2000, or, if no longer employed, was terminated as a result of either an Event of Termination under paragraphs 7(b), (c) (d), or (e), then Employers will forgive the entire indebtedness represented by the Business Development Loan, including the principal and all accrued interest.

  • The Business Development Loan shall be evidenced by an unsecured promissory note bearing interest at the lowest prime rate charged by any bank or thrift subsidiary of the Company, with all principal and interest due and payable on June 23, 2000 or upon the termination of Employee's employment, whichever shall first occur.

  • In the event that Employee is still employed by Employers on June 23, 2000, or, if no longer employed, was terminated as a result of either an Event of Termination under paragraphs 7(b), (c), (d) or (e), then Employers will forgive the entire indebtedness represented by the Business Development Loan, including the principal and all accrued interest.

  • The Loan Agreement (together with this Note) and the Security Agreement have been pledged to the Holders of the Bonds from time to time issued under the Minnesota Small Business Development Loan Program Revenue Bond General Bond Resolution (the "General Bond Resolution") adopted by the Board on September 26, 1984 and thereafter amended and restated from time to time pursuant to its terms.

  • The Loan Agreement (together with this Note) and the Security Instruments have been pledged to the Holders of the Bonds from time to time issued under the Minnesota Small Business Development Loan Program Revenue Bond General Bond Resolution (the "General Bond Resolution") adopted by the Board on September 26, 1984 and thereafter amended and restated from time to time pursuant to its terms.

  • Minneapolis, Minnesota RE: $_________ Minnesota Agricultural and Economic Development Board Minnesota Small Business Development Loan Program, Series 1998B, Lot 2 The Minnesota Agricultural and Economic Development Board (the "Board") does hereby certify in connection with the issuance of the above-captioned Bonds which were purchased by you pursuant to a Bond Purchase Agreement dated ___________, 1998 among you, the Board, and ▇▇▇▇▇▇▇/May Inc.

  • In the event that Employee is still employed by Employer at the expiration of three (3) years, or, if no longer employed, was terminated as a result of either - an Event of Termination under paragraph 7(b) or an Event of Termination under Paragraph 7(c), then Employer will forgive the entire indebtedness represented by the Business Development Loan, including the principal and all accrued interest.

  • Additionally, to the extent that Employee is required to pay an initiation fee to join such appropriate business or social clubs, Employer will loan Employer an amount not to exceed twenty percent (20%) of --- employee's Base Salary (the "Business Development Loan").

  • The Business Development Loan shall be evidenced by an unsecured promissory note bearing interest at the lowest prime rate charged by any bank or thrift subsidiary of Employers, with all principal and interest due and payable on June 23, 2000, or upon the termination of Employee's employment, whichever shall first occur.