Loan 3 definition

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.

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Loan 3. U.S. $1,000,000.00, pursuant to Loan Agreement dated as of December 18, 1996; U.S. $500,000.00 of Loan 3 has been advanced to date and that amount, together with accrued interest, was outstanding as of December 31, 1996; and

Loan 3 the secured loan with a principal amount of HK$31.99 million to be granted by OFA to the Customer pursuant to Loan Agreement 3 “Loan Agreement 1” the loan agreement dated 24 August 2020 entered into between OFA and the Customer in respect of Loan 1

Examples of Loan 3 in a sentence

• Each request for a Revolving Loan shall, among other things, specify (1) the date of the proposed Revolving Loan, which shall be a Business Day, (2) the amount of the Revolving Loan, (3) whether it is to be a Base Rate Loan or a LIBOR Loan, and (4) the LIBOR Loan Period, if applicable.

• Each Notice of Borrowing or telephonic request for a Committed Loan shall specify (1) the date of such Committed Loan, (2) the amount of such Committed Loan, (3) whether such Committed Loan is to be a Base Rate Loan or a Eurodollar Committed Loan, and (4) if such Committed Loan is to be a Eurodollar Committed Loan, the Interest Period with respect thereto.

• The Borrower shall give the Agent notice of any Loans under this Agreement, on the Business Day of each ABR Loan, and at least three (3) Business Days before each LIBOR Loan, specifying: (1) the date of such Loan; (2) the amount of such Loan; (3) the type of Loan (whether an ABR Loan or a LIBOR Loan); and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto.

• The Borrower shall give the Bank written or oral notice (effective upon receipt) of any Revolving Credit Loans under this Agreement on the Business Day for each such Loan, specifying: (1) the date of such Loan; (2) the amount of such Loan; (3) the type of Loan; and (4) in the case of a LIBOR or Fixed Rate Loan, the duration of the Interest Period applicable thereto.

• Not later than 11:00 a.m., Los Angeles time, at least two (2) Banking Days prior to the date that a proposed Loan is to be made (unless greater notice is required by Section 2.4), Agent shall have received, at Agent's Office, a properly completed Request for Loan specifying the requested (1) date of such Loan, (2) type of Loan, (3) amount of such Loan, and (4) in the case of a Eurodollar Loan, specifying the Eurodollar Period.

• Each such notice shall specify (1) the principal amount of the Loan requested, (2) the proposed Drawdown Date of such Loan, (3) the Interest Period for such Loan and (4) the Type of such Loan.

• Each Term Loan #3 shall be used only to (a) purchase Equipment or (b) reimburse the Borrower for previously purchased Equipment and shall not exceed 100% of the invoice amount of such Equipment approved from time to time by Silicon; provided that Borrower may use up to, but not more than, 25% of the amount of each Term Loan #3 for (i) the purchase or license of software, (ii) leasehold improvements and (iii) other soft costs, including sales tax, freight and installation expenses.

• Each request for a Revolving Loan shall, among other things, specify (1) the date of the proposed Revolving Loan, which shall be a Business Day, (2) the amount of the Revolving Loan, (3) whether it is to be a Base Rate Loan or a SOFR Loan, and (4) the Interest Period, if applicable.

• The Term Facility is comprised of three tranches: Term Loan 1 which is in an amount of £75,000,000, Term Loan 2 which is in an amount of £75,000,000 and Term Loan 3 which is in an amount of £150,000,000.

• Nothing contained herein shall obligate Bank to renew Term Loan 3.

More Definitions of Loan 3

Loan 3 means the tenn loan established for Borrowers pursuant to Section 2.1. C. "Loans" shall mean Loan 1, Loan 2, Loan 3 and each other loan governed by this Agreement. The term "Loan" may refer to any of the Loans, individually.