CLG Loans definition

CLG Loans means those three loans with account numbers 62030-10547, 64320-10715 and 63950-10673 with a total balance of $16,376,833 as of March 31, 2007 (and a total remaining unfunded commitment of $1,302,000).
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Examples of CLG Loans in a sentence

  • Subject to the terms and conditions of the Commission Program, Executive shall continue to earn commissions and share in losses with respect to the CLG Loans.

  • Executive agrees, in consideration of the compensation and rights set forth in this Agreement, which compensation he is not entitled to absent execution of this agreement, to release and discharge the Company from any and all claims or causes of action arising out of Executive’s cessation of receipt commissions on loans other than the CLG Loans, as described above, or arising out of the cancellation of bonuses or benefits of any kind or nature as a result of such cessation.

  • The Executive’s Holdback will be paid out, held back or reduced for the Executive’s share of any losses on the Released Loans or the CLG Loans in the manner described in the Commission Program.