Examples of Loan Draw in a sentence
Approve the appointment of Bryan Geist as the Assistant Athletic Director for the 2005-2006 school year at a stipend of $6000.
Each quarterly payment due and payable during each Loan Year (except with regard to the Fifth Loan Year) shall equal one-fourth (1/4) of the Loan Year Amount for such Loan Year and shall be due and payable quarterly on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Term Loan Draw Date, and in any event at least thirty (30) days after the Term Loan Draw Date.
Subject to the terms and conditions of this Agreement, during the Term Loan Draw Period, and upon the delivery to Bank by Borrower of a completed and executed irrevocable LOAN PAYMENT/ADVANCE REQUEST FORM (in the form of Schedule F), Bank shall make Loans available to Borrower in an aggregate principal amount up to Seven Hundred Fifty Thousand Dollars ($750,000.00), provided that each Loan shall be in a principal amount of at least Two Hundred Fifty Thousand Dollars ($250,000.00).
Draws shall be recorded on the Loan Draw Record attached to the respective Note, or in such other form as the City and the Bank may agree.
Also, this section excludes Donor Support Grants and Concessional Loan Draw Downs, and reports specifically on warranting, transfers and the expenditure of appropriated GoPNG funds.
Any portion of the Term B Loan Commitments not funded as of the close of business on the date which is five (5) Business Days after the end of the Term B Loan Draw Period shall thereupon automatically be terminated and the Term B Loan Commitment of each Lender as of such date shall be reduced by such Lender’s Pro Rata Share of such total reduction in the Term B Loan Commitments.
The right of Borrower to convert outstanding Revolving Loan Advances into Term Out Loan Advances shall expire at the conclusion of the Term Out Loan Draw Period, and no new Term Out Loan Advances shall be made thereafter.
Promptly upon written request submitted by the Park District Designated Representative, acting on behalf of the Park District, supported by invoices for payment from the City’s Parks Department acting on behalf of the City, the City shall cause the amount of each Loan Draw to be recorded as a transfer from the Lending Fund to the Park District’s accounts.
All unfunded Term Commitments shall expire on the Term Loan Draw Deadline.
To consider and if thought fit, to pass with or without modification(s) the following resolution as an ordinary Resolution:- RESOLVED THAT pursuant to the provisions of section 198, 269, 309, 311, sechedule XIII and other applicable provision, if any, of the Companies Act 1956, Smt.