Loan Cancellation definition

Loan Cancellation has the meaning set forth in Section 1.6;
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Examples of Loan Cancellation in a sentence

  • The continuing availability of Plant and Machinery Term Loan Advances shall terminate on the Plant and Machinery Term Loan Cancellation Date or, if earlier, the occurrence of an Event of Default, and all Plant and Machinery Term Loan Advances then outstanding shall be repaid in full or at any time thereafter specified by us.

  • A local government which has drawn loan funds from the Treasury may request cancellation of the principal and re- lated interest by submitting an Appli- cation for Loan Cancellation through the Governor’s Authorized Representa- tive to the Regional Director prior to the expiration date of the loan.

  • In addition, the local government must include an ex- planatory statement when figures in the Application for Loan Cancellation form differ from those in the sup- porting financial reports.

  • If an Application for Loan Cancellation is disapproved, in whole or in part, by the Associate ▇▇- ▇▇▇▇▇▇ or designee, the local govern- ment may submit any additional infor- mation in support of the application within 60 days of the date of dis- approval.

  • Loan Cancellation Charges Rs.5,000/- or 1% of Sanction amount whichever is higher.

  • As consideration for the Loan Cancellation and the Note Assignment, the Company hereby agrees to (i) issue to the Investor 1,200,000 Units and (ii) a Warrant to purchase 24,000,000 Warrant Shares, on terms and conditions identical those contained in the Purchase Agreement, which terms and conditions are incorporated herein by reference.

  • The Company agrees to issue to the Subscriber, and the Subscriber agrees to purchase from the Company, at the Closing (as defined below), a total of 53,836 shares of its common stock, $.0001 par value per share (the "Shares"), for $37,684.93 (the "Purchase Price"), payable by cancellation of an equivalent amount of the outstanding loan by the Subscriber to the Company in accordance with the Loan Cancellation Agreement between the parties executed concurrently herewith.

  • Notwithstanding any term of this Indenture to the contrary the Navios Holdings Loan Cancellation shall not constitute “proceeds” of the Pledged Shares or Pledged Share Collateral or Collateral under this Indenture.

  • The continuing availability of Real Property Term Loan Advances shall terminate on the Real Property Term Loan Cancellation Date or, if earlier, the occurrence of an Event of Default, and all Real Property Term Loan Advances then outstanding shall be repaid in full immediately or at any time thereafter as specified by us.

  • Loan Cancellation Charges Rs. 5,000/- + Rate of Interest from the date of disbursement till the date of cancellation 14.