Loan Amount definition
Examples of Loan Amount in a sentence
Prior to execution of this Loan Agreement, the Lender advised the Borrower that ▇▇▇▇▇▇ estimated that the Loan Amount would be approximately USD 7,000,000 based on a loan to value (“LTV”) of 65.00% against the FMV of the shares representing the Collateral.
Loan Amount: RMB 20,000,000.00 (Capital: TWENTY MILLION YUAN ONLY).
The I/O Notional Loan Amount shall be reduced by the same amount of any reduction of Commitments under this Section 2.16(b).
Upon the request of any Lender, the Borrower shall promptly execute and deliver to such Lender a promissory note of the Borrower (in form and substance satisfactory to the Administrative Agent in its sole discretion) evidencing (i) the Advances of such Lender with appropriate insertions as to the date and principal amount or (ii) the I/O Notional Loan of such Lender, with appropriate insertions as to the date and interest amount, not to exceed the I/O Notional Loan Amount allocable to such Lender.
At the end of each quarterly period, or such other period as determined by the Manager in its sole discretion, but no less frequently than quarterly, beginning on the First Aggregate Loan Amount Reporting Date, the Sponsor’s internal accountants and asset management team will calculate the aggregate principal amount of all outstanding loans in the Company’s portfolio, excluding the impaired value of outstanding loans.