Loan B definition
Examples of Loan B in a sentence
With effect on and from the first date of the Interest Period commencing immediately following the occurrence of the Drawdown Date in respect of Loan C, Loan C will be consolidated into Loan A and Loan B and treated as a single Loan.
Co-Borrowers shall have duly executed and delivered a Note in the amount of Loan A to Lender, a Note in the amount of Loan B to Lender, and a Note in the amount of Loan C to Lender.
The Borrowing of Loan B shall be made in a single disbursement of Loan B.
Co-Borrower shall pay to Lender a payment in the amount of Three Hundred Thousand Dollars ($300,000) (the “Loan B Final Payment”) upon the earlier of (A) payment in full of the principal balance of Loan B, (B) an Event of Default that has not been waived by Lender and demand by Lender of payment in full of Loan B or (C) the Maturity Date, as applicable.
With effect on and from the first date of the Interest Period commencing immediately following the occurrence of the Drawdown Date in respect of Loan D, Loan D will be consolidated into Loan A, Loan B and Loan C and treated as a single Loan.