First Loan Amount definition

First Loan Amount means an amount which when combined with the Down Payment is not less than One Hundred Fifteen Thousand Dollars ($115,000.00), or such other amount as may be approved by the Executive Director at his discretion.
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First Loan Amount means the principal amount of R480 400 000 (Four Hundred and Eighty Million Four Hundred Thousand Rand), to be lent and advanced by Nedbank to the Trust pursuant to the First Loan Agreement, which principal amount includes the funds required by the Trust to pay the Trust Transaction Cost Portion;
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First Loan Amount means $50,000.
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Examples of First Loan Amount in a sentence

  • At the 1st Closing, each Lender shall pay to the Company the applicable amount, out of the First Loan Amount, set forth in Annex A1 opposite such Lender’s name, by wire transfer to the Company’s bank account.

  • The original issue price of this share for purposes of conversion rights and/or liquidation preference rights shall deemed to be the A-1 Price, i.e. $1.3235 (without taking into account the actual portion of the First Loan Amount provided by such Lender at the 1st Closing) and in no event shall it entitle its holder to any rights or privileges beyond the rights of privileges resulting from such price of $1.3235.

  • The proceeds of the Loans of the First Loan Amount and Second Loan Amount hereunder shall be used by the Borrower to refinance its existing indebtedness to Citibank, N.A. and for working capital purposes.

  • The promissory note evidencing the First Loan Amount shall be dated as of the First Closing Date and duly executed by the Borrower, with blanks appropriately completed in conformity herewith, for the First Loan Amount.

  • Accordingly, in the case of the First Loan Amount, the Maturity Date shall be six (6) months following the First Closing Date (the “First Maturity Date”).

  • Notwithstanding anything to the contrary in this agreement, a portion of the First Loan Amount shall be disbursed to the Bank to fund the interest reserve and the balance shall be disbursed to an escrow account with the Bank, pursuant to the escrow agreement among Borrower, Citibank, N.A. and the Bank (the "Escrow Agreement"), to be held in escrow by the Bank for the purpose of repaying the Borrower's loan from Citibank, N.A., upon Citibank, N.A.'s release of the shares in United Microelectronics Corp.

  • The portion of the First Loan Amount and the Additional Loan Amount that has been provided by each Lender is set forth on Annex A1, A2 hereto opposite each Lender’s name.

  • It is specifically intended that this Guaranty shall apply with respect to the First Loan Amount of Six Hundred Thousand and no/100 U.S. Dollars (USD $600,000.00), evidenced by a promissory note of even date herewith, as well as any Notes executed hereafter by Borrower, as contemplated by the Bridge Loan Agreement, providing for loans to Borrower in the principal amount of up to Nine Hundred Thousand and no/100 U.S. Dollars (USD $900,000.00) (the “Aggregate Loan Amount”).

  • The First Loan Amount, the Additional Loan Amount and the Third Loan Amount shall be referred hereinafter as the “Loan Principal Amount”.

  • For the avoidance of doubt, the Notes issued in respect of the Advance Interest Amount shall be in addition to the First Loan Amount.


More Definitions of First Loan Amount

First Loan Amount means the principal amount of R480 400 000 (Four Hundred and Eighty Million Four Hundred Thousand Rand);
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