Repayable Loan definition
Repayable Loan means the aggregate of all advances actually made under each Repayable Loan Facility, and “Repayable Loans” means, collectively, all of the Repayable Loans.
Repayable Loan means the aggregate of all Repayable Advances made or advanced from time to time by Newbridge to the Corporation under this Agreement;
Repayable Loan means a Conditional Heritage Grant which has
More Definitions of Repayable Loan
Repayable Loan means the loan agreements made by way of grid promissory notes that LuiCo and BC Co, as the lenders, have each entered into with LandCo, as the borrower, and the Issuer dated February 25, 2016, in amounts outstanding from funds as advanced by LuiCo and BC Co from time to time, with interest at a rate of eight percent (8%) per annum, calculated annually not in advance from the date of advance until repaid in full or until Conversion as defined therein in accordance with the Repayable Loan. As at the date of the Offering Memorandum, LuiCo has advanced
Repayable Loan means the loan agreements made by way of grid promissory notes that LuiCo and BC Co, as the lenders, have each entered into with LandCo, as the borrower, and the Issuer dated February 25, 2016, in amounts outstanding from funds as advanced by LuiCo and BC Co from time to time, with interest at a rate of eight percent (8%) per annum, calculated annually not in advance from the date of advance until repaid in full or until Conversion as defined therein in accordance with the Repayable Loan. As at the date of the Offering Memorandum, LuiCo has advanced $2,230,249.83, and BC Co has advanced $1,864,639.18, for a total aggregate amount of outstanding Repayable Loans of $4,094,889.01. The Repayable Loans will have a two (2) year term and are due and payable on demand on February 25, 2018 (the “Due Date”), provided however LandCo at its sole option, if not in default on the Due Date, may extend the Due Date to February 25, 2019 (the “First Extended Due Date”), and if not in default on the First Extended Due Date, LandCo at its sole option may extend the First Extended Due Date to February 25, 2020 (the “Second Extended Due Date”), and if not in default on the Second Extended Due Date, LandCo at its sole option may extend the Second Extended Due Date to February 25, 2021 (the “Final Extended Due Date”) when the balance owing hereunder and interest shall become due and payable in any event. Any extension shall be upon the same terms and conditions as contained in the Repayable Loan. LandCo is entitled to repay the Repayable Loans in whole or in part at any time without notice, penalty or bonus. The final loan amount shall be determined in the sole discretion of LuiCo or BC Co, respectively as the lenders, as deemed appropriate by the General