Loan call definition
Loan call means the right of the corporation to call for loans by the members to the corporation as provided in Section 33‑37‑460 of this chapter.
Loan call shall have the meaning set forth in Section 8.4.
Loan call means a notice to a Preference Unit Holder from the Trustee specifying that the Preference Unit Holder must pay a Loan Contribution.
Examples of Loan call in a sentence
Subject to the terms and conditions of the DMR Loan Agreement and to the prior mutual agreement of both the Lender and the Borrower in respect of each drawdown amount, the Borrower may, during the tenure of the Loan, call for a drawdown of the Loan (“Drawdown”) or any part thereof by giving the Lender a notice in writing in the form set out in Schedule 1 of the DMR Loan Agreement (“Drawdown Request”) within a minimum of three (3) business days prior to the intended date of funding (“Drawing Date”).