Execution of the loan definition

Execution of the loan means the time at which the borrower and the qualified lender have entered into a legal, binding, and enforceable loan contract and any subsequent amend- ment or modification of such contract.
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Execution of the loan means the time at which the borrower and the System bank or association have entered into a legal, binding, and enforceable loan contract and any subsequent amendment or modification of such contract.
Sample 1Sample 2

Examples of Execution of the loan in a sentence

  • Formalizing or Execution of the loan documents:-once the loan approved, the terms and conditions to which the borrower and lender agree should be incorporated in a written agreement.

  • Execution of the loan agreement or financing agreement described below by an Authorized Signatory (as defined below) shall be conclusive evidence of such approval.

  • Instead I intend to order monthly payments in theamount of R 6 000 per month in respect of holiday costs, which amount in total to R 72 000 per annum towards holiday travel costs, which I regard as fair and reasonable.

  • Execution of the loan agreements described below by an Authorized Signatory (as defined below) shall be conclusive evidence of such approval.

  • Execution of the loan agreements On August 10, 2016, JHR concluded the loan agreements as described below to partly fund the acquisition of the real estate beneficial interest in trust and movable assets attached to the hotel as stated in “1.

  • Execution of the loan agreement described below by an Authorized Signatory (as defined below) shall be conclusive evidence of such approval.

  • Execution of the loan agreement or loan guarantee agreement represents obligation by the Secretary.

  • Execution of the loan agreement in relation to US$160,000 in aggregate (which includes both the First US$40K and the Second US$40K, as defined below) from QP to NauticAWT Energy (the “ QP Loan Agreement”).

  • Execution of the loan with the CVU was better, since at project-end 93% of the road network administered by the CVU was maintained under service-level contracts (with a target of 90%), and 90% saw improvements in level of service.

  • Execution of the loan agreement and other related formalities regarding sanctioning of the loan should be done only in the premises of the Office and in the presence of the officer in charge.

Related to Execution of the loan

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Term Loan, a Revolving Credit Loan or a Swing Line Loan.

  • Request for Credit Extension means (a) with respect to a Borrowing, conversion or continuation of Term Loans or Revolving Credit Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

  • Construction Loan Agreement means the Construction Loan Agreement between Lender and Borrower for construction on the Land.

  • Original Loan Documents means the “Loan Documents” as defined in the Original Credit Agreement.

  • Financing of Terrorism means the act of providing or collecting funds with the intention that they be used, or in the knowledge that they are to be used, in order to carry out terrorist acts.

  • Request for Extension of Credit means (a) with respect to a Borrowing of Loans (including Swing Line Loans) or the conversion or continuation of Loans, a Loan Notice and (b) with respect to an L/C Credit Extension, a Letter of Credit Application.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

  • Extension of Credit means, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Term Loan as defined in Section 2.1.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Master Letter of Credit Agreement means, at any time, with respect to the issuance of Letters of Credit, a master letter of credit agreement or reimbursement agreement in the form, if any, being used by the Issuing Lender at such time.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • Financing Agreement means any lease purchase agreement, installment sale agreement, loan agreement, line of credit or other agreement of the department or, with the approval of the director, and any agency, to finance the improvement, use or acquisition of real or personal property that is or will be owned or operated by one or more agencies of the State, the department or any agency, or to refinance previously executed financing agreements including certificates of participation relating thereto. The School shall not act as a guarantor of any such financing agreement.

  • Agency loan agreement means any agreement pursuant to

  • Permitted Remedies means, with respect to any securities, one or more of the following remedies:

  • Amendment No. 7 means Amendment No. 7 to this Agreement, dated as of January 25, 2021 among the Borrower, the Term Administrative Agent, the Collateral Agent and the lenders party thereto.

  • Total Extensions of Credit at any time, the aggregate amount of the Extensions of Credit of the Lenders outstanding at such time.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Initial Loan is defined in Section 2.1.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;