Power Loan definition
Examples of Power Loan in a sentence
Where the Borrower has availed of a Miniraj Construction Pvt Ltd Facility along with the Cash Out loan (Property Power Loan/ Property Power with Enhancement Loan / Home Loan takeover with enhancement or Home Loan Enhancement/ Top-up facility), then for the purpose of calculating the foreclosure charge (where ever applicable as mentioned in Article 3.5.2 above), the principal component of the Loan outstanding shall also be increased by the Overdraft Line amount made available to the Borrower.
During the Power Loan Construction Period, subject always to Clauses 4.1, 4.2 and 6, the Borrower may request further Advances from the Lender in order to finance the payment of certain amounts due from the Borrower to Slough Heat & Power and the Final Nova Payment.
A true and correct copy of the unexecuted Power Loan Agreement is attached hereto marked Exhibit "A" and incorporated herein by reference for all purposes (with the executed Power Loan Agreement being identical to the document attached hereto marked Exhibit "A" but for the inclusion of signatures).
Power and Trident warrant that this Release is to be of the broadest nature and is to be dispositive of all matters between Power and Trident with respect to the Power Loan Agreement, Power Note, Power Modification and Power Security Agreement and all matters at issue in each, directly and indirectly.
Subject to the terms of this Agreement, Acquiror shall accept and assume as of the Closing Date (i)all of the Assumed Indebtedness; and (ii) the obligation to repay the principal balance and accrued interest of the KeyBank Loan and the Wisconsin Power Loan, to the extent that Acquiror receives a reduction in the Gross Contribution Consideration on account thereof.
Unless expressly provided in a Loan Document, no Power or Loan Document merges in, limits or excludes any other Power, Loan Document or judgment which the Security Trustee or a Beneficiary (or anyone claiming through it) may have or obtain.
Where the Borrower has availed of a Home Credit Facility along with the Cash Out loan (Property Power Loan/ Property Power with Enhancement Loan / Home Loan takeover with enhancement or Home Loan Enhancement / Top-up facility), then for the purpose of calculating the foreclosure charge (where ever applicable as mentioned in Article 3.5.2 above), the principal component of the Loan shall also be increased by the Overdraft Line amount made available to the Borrower.
This rate shall then apply for the next succeeding twelve (12) months of the Commercial Loan Period or the Power Loan Period (as applicable), unless the Borrower makes an election in accordance with Clause 9.4.5.