Emergency Loan definition
Examples of Emergency Loan in a sentence
The Company shall, or shall cause the applicable Subsidiary of the Company to, accept any such Emergency Loan and use the proceeds of such Emergency Loan to remedy the applicable Emergency.
Any Emergency Loan made pursuant to this Section 3.3(d) shall bear interest at the Default Rate, and shall be repaid promptly (and in any event within three Business Days) by the Company following receipt by the Company of Capital Contributions pursuant to a Capital Call Notice for the funds required for such Emergency.
Emergency Loan devices are for daily loan and: • Must not leave the school grounds, and are not for overnight loan.
Each unit member shall be entitled to receive one (1) Emergency Loan during each year.
Monies forfeited under this provision will be contributed to the Student Emergency Loan Fund.