Time Loan definition

Time Loan means the $1,500,000 which BANK advanced to BORROWER on July 17, 1989, pursuant to the Interim Loan Documents.
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Time Loan has the meaning assigned to such term in as defined in Section 2.8A.
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Time Loan means the term loan made by Bank to or on behalf of Borrower pursuant to the terms of the Time Note and this Agreement.
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Examples of Time Loan in a sentence

  • Duly executed Guaranty Trust Bank Standard Time Loan Agreement for the existing facility.

  • The term “Maturity” means the earlier to occur of the Time Loan Maturity Date or the acceleration of this Note by Lender upon an Event of Default.

  • Subject to and upon the provisions of this Agreement, each Lender severally agrees to make a series of time loans (each a "UK Time Loan A") to the UK Subsidiary on the Closing Date in the aggregate principal amount set forth opposite such Lender's name on the signature page (herein called such Lender's "UK Time Loan Committed Amount").

  • Any prepayment of the principal of the Time Loan shall be accompanied by a payment of a prepayment premium equal to 5% of the principal amount outstanding for any prepayments made during the first six months after the date hereof, and a prepayment premium equal to 2% of the principal amount outstanding for any prepayments made after the six month period following the date hereof.

  • Guarantor is willing to execute and deliver this Guaranty to Lender in order to induce Lender to make the Time Loan.

  • Subject to the terms and conditions set forth herein, each Time Loan Lender severally agrees to make a loan (each, a “Time Loan”) to the Borrowers on or before September 30, 2005, in a principal amount not to exceed the Time Loan Commitment of such Time Loan Lender; provided, that if for any reason the full amount of such Time Loan Lender’s Time Loan Commitment is not fully drawn by such date, the undrawn portion thereof shall automatically be cancelled.

  • The Company has transferred and assigned all of its rights under the following patents to ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇: U.S. Patent No. 5870721 ("System and Method for Real Time Loan Approval"); U.S. Patent No. 5940811 ("Closed Loop Financial Transaction Method and Apparatus"); and U.S. Patent No. 6105007 ("Automatic Financial Account Processing System") (collectively, the "Patents").

  • The date, amount, type and interest rate of each Time Loan made by Bank to Borrower, and each payment made on account of the principal thereof, shall be recorded by Bank on its books and records, such recordation to constitute conclusive evidence in the absence of manifest error of the amount of such Time Loan and payments.

  • Each UK Time Note shall be dated as of the Closing Date, shall be payable to the order of a Lender at the times provided in the UK Time Note, and shall be in the principal amounts of such Lender's UK Time Loan Committed Amount in accordance with the provisions of Section 2.3.1.

  • The UK Time Loan Commitment of each of the Lenders is collectively referred to as the "UK Time Loan Commitments".

Related to Time Loan

  • Prime Loan means any Loan when and to the extent that the interest rate therefor is determined by reference to the Prime Rate.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • CDOR Rate Loan means a Committed Loan denominated in Canadian Dollars that bears interest based on the CDOR Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.