Loan 2 definition

Loan 2. U.S. $125,000.00, pursuant to Loan Agreement dated as of August 28, 1995; the outstanding balance of Loan 2 as of December 31, 1996 was U.S. $36,826.00 consisting of U.S. $26,000.00 of principal and U.S. $10,826.00 of accrued interest;

Loan 2 means the second tranche of the Investment Program, namely the Power Transmission Investment Project 2;

Loan 2 is defined in Recital (C).

Examples of Loan 2 in a sentence

• Each Environmental Policy covering a Mortgaged Property identified on Schedule C (Representation 12) to this Agreement that constitutes a PLL Policy (1) has a term that is co-terminous with the Stated Maturity Date (or, in the case of an ARD Loan, the Anticipated Repayment Date) of the related Mortgage Loan, (2) provides for a deductible in an amount reasonably acceptable to the Mortgage Loan Seller and (3) is in an amount reasonably acceptable to the Mortgage Loan Seller.

• The order of payment of refunds is, 1) Unsubsidized Loans from FFELP or Direct Loan, 2) Subsidized Loans from FFELP or Direct Loan, 3) Perkins Loans, 4) PLUS (Graduate Students) FFELP or Direct Loan, 5) PLUS (Parent) FFELP or Direct Loan, 6) Pell Grant, 7) Academic Competitiveness Grant (ACG), 8) National SMART Grant, 9) Federal SEOG, 10) Other.

• If any principal of or interest on any Loan or any fee or other amount payable by the Company hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan or (ii) in the case of any other amount, the Floating Rate plus 2%.

• Commencing on the Amortization Date, and continuing on the Payment Date of each month thereafter, Borrower shall make consecutive equal monthly payments of principal and interest, in arrears, to each Lender, as calculated by Collateral Agent (which calculations shall be deemed correct absent manifest error) based upon: (1) the amount of such Lender’s Term Loan, (2) the effective rate of interest, as determined in Section 2.3(a), and (3) a repayment schedule equal to thirty (30) months.

• On behalf of each LMM Party, a person (1) with complete knowledge of the Eligible Loan; (2) who is reasonably capable of answering questions posed by the Court, any other LMM Party or the Trustee; and (3) with full authority to enter a binding settlement agreement, shall participate in the LMM, including, without limitation, all conferences, and shall attend any LMM related hearings, unless such attendance is excused.

More Definitions of Loan 2

Loan 2 have the meaning given to them in the Shareholders Agreement.

Loan 2 means the aggregate principal amount outstanding under the B Facility from time to time.

Loan 2. Working capital revolving line of credit loan (together with Loan 1, the “Loans”).

Loan 2 the secured loan with a principal amount of HK$4.55 million to be granted by OFA to the Customer pursuant to Loan Agreement 2

Loan 2 has the meaning set forth in Clause 22.2.1.

Loan 2 to IVC RSA 2-I, Gemcell, Inc. pledged its partnership interests in IVC RSA 2-II and IVC RSA 2-III to the RTFC, pursuant to the provisions of that certain Partnership Interest Pledge and Security Agreement as dated February 4, 1993, and as

Loan 2 to IVC RSA 2-I, Gemcell, Inc. pledged its partnership interests in IVC RSA 2-II and IVC RSA 2-III to the RTFC, pursuant to the provisions of that certain Partnership Interest Pledge and Security Agreement as dated February 4, 1993, and as subsequently amended October 1, 1994, to include the loan described above as "Loan 3" to IVC RSA 2-I. With respect to the loan described as "Loan 2" to IVC RSA 2-II, Gemcell, Inc. pledged its partnership interest in IVC RSA 2-III to the RTFC, pursuant to the provisions of that certain Partnership Interest Pledge and Security Agreement as dated December 9, 1992, and as subsequently amended October 1, 1994, to include the loan described above as "Loan 3" to IVC RSA 2-II. With respect to the loan described as "Loan 2" to IVC RSA 2-III, Gemcell, Inc. pledged its partnership interest in IVC RSA 2-II to the RTFC, pursuant to the provisions of that certain Partnership Interest Pledge and Security Agreement as dated December 7, 1992, and as subsequently amended October 1, 1994, to include the loan described above as "Loan 3" to IVC RSA 2-III. See Schedule 2.14(a) for recording information relating to such pledged partnership interests. IVC RSA 2-I is owned 40% by Contel Cellular of Illinois, Inc. (now GTE), as a general partner, and 60% by the subsidiaries or affiliates of nine (9) independent telephone companies (the Company's subsidiary, Gemcell, Inc. owns a 6.66% general partnership interest.) The same information is also true as to RSA 2-II and RSA 2-III, except that in RSA 2-II Centel Cellular Company (now Sprint) is the 40% general partner and in RSA 2-III Illinois SMSA Limited Partnership and Chicago SMSA Limited Partnership, both of which are controlled by Ameritech Mobile Communications, Inc., are each a 20% general partner.