Loan Sum definition

Loan Sum means the sum of money referred to in Section 4 or the balance of that sum as may have been advanced to ESP and remains unpaid from time to time.
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Loan Sum has the meaning given in clause 4; Offer: the proposed increased cash offer by the Borrower for all of the issued and to be issued ordinary share capital of Good Energy, other than that already owned by the Borrower, at a price of 400 ▇▇▇▇▇ per Good Energy Share and shall, unless the context otherwise requires or unless otherwise expressly provided, also include any Rule 15 Proposal; Panel: the Panel on Takeovers and Mergers; Rule 15 Proposal: an appropriate proposal or offer required to be made by the Borrower Termination Date: the earliest to occur of;
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Loan Sum means Ringgit Malaysia Two Million (RM2,000,000.00) which is equivalent of United States Dollars Five Hundred Thousand (USD500,000.00) (at the exchange rate of RM4: USD1 as agreed between the Parties).
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Examples of Loan Sum in a sentence

  • If Glycyx shall not receive such minimum Net Receipts on or before 1 April 2000, Astra shall advance to Glycyx the sum of US $500,000 (five hundred thousand US dollars) (less the amount of any Net Receipts received by Glycyx from any Third Party Licensees on or before 1 April 2000) ("the Loan Sum") such loan to be made by Astra to Glycyx on 1 April 2000 by express payment to such bank account as Glycyx may designate for such purpose.

  • The Borrower has drawn down on the full amount of the Loan (the Loan Sum), the Borrower and the Lender have agreed that the Loan Sum is to be deposited in the Escrow Account and, at the date of this letter, the Loan Sum has been so deposited in the Escrow Account.

  • If, at any time, and for any reason the outstanding principal balance under the Revolving Note exceeds the lesser of (i) the Committed Revolving Loan Sum, or (ii) the Borrowing Base, Borrower shall pay on demand by Lender the amount of such excess to Lender for application towards reduction of the outstanding balance of the Revolving Note (together with any other amounts which may then be due under the Revolving Note as a result of the prepayment).

  • In that event, interest will be chargeable on the Loan Sum up to and including the date of repayment only.

  • Such Loan Sum to be deposited into Micronet’s account until: September 30, 2019.

  • Provided that in the event that any such verification shall reveal an under reporting and/or accounting of Net Receipts and the sums due hereunder in repayment of the Loan Sum in excess of 3% of the sums actually repaid the cost and expense of such verification shall be borne solely by Glycyx.

  • In the event that such cash surrender value is not sufficient to pay the Aggregate Premium Loan Sum in full, the balance still owed shall continue to be due and payable.

  • The parties further agree that in the absence of such repayment in full, Company shall exercise its rights under the Collateral Assignment Agreement to collect such of the cash surrender value of such policy or policies as may be necessary to pay the balance due on the Aggregate Premium Loan Sum.

  • Accordingly, ▇▇▇▇▇ shall have ninety (90) days within which to pay or cause the payment, to the Company of the total of all premium loans made by the company to date, which sum is agreed to be Five Hundred Four Thousand Four Hundred Sixty-Four Dollars ($504,464.00) (the "Aggregate Premium Loan Sum"), in order to secure Company's release of the Collateral Assignment Agreement with respect to the policy or policies of insurance covered by the said split dollar insurance plan.

  • The terms relating to the Commitment in the Loan Agreement shall, where relevant, refer to the Additional Loan Sum for the purpose of this Deed.