FS Loan definition
Examples of FS Loan in a sentence
Conflict of Interest: This Contract is subject to chapter 112, F.S. Loan Administrator shall disclose the name of any officer, director, employee, or other agent who is also an employee of the State.
Unless Loan Administrator is a state agency or subdivision as defined by section 768.28(2), F.S., Loan Administrator shall provide adequate commercial general liability insurance coverage and hold such liability insurance at all times during this Contract.
Each time during the 60 days following the Closing that the Company issues Class A Common Stock to employees or directors in exchange for any combination of cash and notes, the Company shall repay an amount of principal of the FS Loan equal to the amount of the cash and the principal amount of the notes received by the Company for such stock.
By execution of this Contract, unless Loan Administrator is a state agency or subdivision as defined by section 768.28(2), F.S., Loan Administrator shall provide adequate commercial general liability insurance coverage and hold such liability insurance at all times during this Contract.
Loan Administrator shall allow public access to all records made or received by Loan Administrator in conjunction with this Contract, unless the records are exempt from section 24(a) of Article I of the State Constitution and section 119.07(1), F.S. In accordance with chapter 119 F.S., Loan Administrator shall be responsible for responding to all public records requests per the cost structure provided for records made or received by Loan Administrator in conjunction with this Contract.
On the next Business Day following the 60th day following the Closing, the Company shall satisfy the balance, if any, of the FS Loan then outstanding by issuing to the FS Stockholder additional shares of Class A Common Stock, each of which shares shall satisfy $10 of principal of the FS Loan together with all accrued interest thereon.