Loan Part definition

Loan Part means, where more than one Funder provides credit to a Project Owner, the amount provided by each Funder; each Loan Part forming a separate contractual relationship between each Funder and the Project Owner under the terms of the Loan Contract;

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Loan Part means any part of a Loan made available to the Borrower by a Lender or any amount outstanding in respect of such Loan Part from time to time.

Loan Part means a part of a loan which is shown separately in the offer (for example where different interest rates or payment methods apply to different parts of a loan);

Examples of Loan Part in a sentence

Neither this Amendment No. 1, nor any of its provisions or consequences, cause, or can be deemed to cause, novation (or novación) of the obligations incurred by the Borrower under the original Loan Agreement in connection with the Initial Loan Part 1 and the Initial Loan Part 2, which obligations remain valid and in full force and effect.
The USD equivalent under Loan Part 2 shall be calculated at the Applicable Exchange Rate as defined in Sub-Article 2.2 hereof but in any case the Loan shall not exceed USD 44,304,878.65 (in words: US Dollar forty-four million three hundred and four thousand eight hundred and seventy-eight 65/100).
On [ ] the Lender and the Borrower concluded Amendment No. 2 to the captioned Loan Agreement containing adaptations with respect to Loan Part 1 and Loan Part 2 in line with adjustments between Eligible USD Contract Value and Eligible EUR Contract Value.
The USD equivalent under Loan Part 2 shall be calculated at the Applicable Exchange Rate as defined in Sub-Article 2.2 hereof but in no case the Loan shall exceed USD 44,304,878.65 (in words: US Dollar forty-four million three hundred and four thousand eight hundred and seventy-eight 65/100).
It is agreed that the Borrower shall initially pay the arrangement fee calculated on the basis of the aggregate of (i) Loan Part 1 as per Sub-Article 1.1 hereof and (ii) with regard to Loan Part 2 on the Expected Amount of Loan Part 2.
The USD equivalent under Loan Part 2 shall be calculated at the Applicable Exchange Rate as defined in Sub-Article 2.2 hereof but in any case the Loan shall not exceed USD 20,927,424.39.
Borrower or any Guarantor or other Loan Party shall fail to perform or observe any agreement, term, provision, condition, or covenant (other than a default otherwise specifically described in this Section 8.1) required to be performed or observed by Borrower, any Guarantor or other Loan Part hereunder or under any other Loan Document or other agreement with or in favor of Lender.
All representations and warranties made by a Loan Part y in the Closing Date Merger Documents and in the certificates delivered in connection therewith are true and correct in all material respects.
Loans may be fulfilled entirely by one Funder and governed by the Loan Contract, or may be fulfilled in Loan Parts, in which case the Loan Contract shall apply to, and represents, each and every Loan Part, each of which is a separate agreement between each individual Funder and the Project Owner.
The Net Cash Value equals: o The Cash Value; minus o The Policy Loan (Part 11).

More Definitions of Loan Part

Loan Part means, in relation to an agreed portion of the Facility (or, once drawn, the Loan), a Lender's rights, benefits and obligations under and in relation to the Loan Facility Agreement and the Facility (or, once drawn, the Loan) relating to the such portion of the Facility (or, once drawn, the Loan) the amount of such portion to be set out in the relevant Loan Facility Agreement;

Loan Part means in respect of a Loan which has been lent by multiple Lenders, the part of that Loan which has been lent by a particular Lender;

Loan Part means either of the Loan-Part A and Loan-Part B as the context may require;

Loan Part means each part of the Loan to be made available on a Utilisation Date.