Purpose Definitions and Interpretation. 1.1 This Agreement sets out the terms and conditions upon and subject to which the Bank agrees to make available to the Borrower a loan of £8,000,000 to assist with the purchase of the Property.
Purpose Definitions and Interpretation. The purpose of the Loan shall be to make available to the Borrower a facility in the amount of up to United States Dollars ten million (USD 10,000,000) by one (1) advance for the purpose of partly financing the acquisition cost of the Vessel (as hereinafter defined) In this Agreement unless the context otherwise requires the following terms shall have the following meanings:
Purpose Definitions and Interpretation. 1.01. (Purpose). This Agreement sets out the terms and conditions upon and subject to which it is agreed that the Bank will make available to the Borrower a loan of up to Dollars Fifteen million ($15,000,000) for the purpose of assisting the Borrower to refinance part (up to about 50%) of the Purchase Price of the Vessel.
Purpose Definitions and Interpretation. 1.1 The purpose of the Loan shall be to finance 73.24% of the purchase price of the Ship (as evidenced by the shipbuilding contract in respect of the Ship).
Purpose Definitions and Interpretation. PURPOSE 1) The purpose of this bylaw is to consent to an agreement permitting EPCOR Distribution & Transmission Inc. to exclusively distribute electric power and to prohibit any other Person from distributing electric power within Municipal Boundaries.
Purpose Definitions and Interpretation. 1.1 This Agreement sets out the terms and conditions upon and subject to which the Bank agrees to make available to the Borrower a loan of GBP4,000,000 to fund the development of the Borrower's business based in the United States of America and to provide working capital for the Group's businesses in the United Kingdom and the United States of America.
Purpose Definitions and Interpretation. The purpose of the Loan shall be to make available to the Borrower an aggregate facility of up to United States Dollars SEVEN MILLION (US$ 7,000,000) for the purpose of financing up to 64% of the acquisition cost of the Vessel “SOUTH GLORY” tbr “FREE FIGHTER” described hereinbelow. In this Agreement unless the context otherwise requires the following terms shall have the following meanings:
Purpose Definitions and Interpretation. 1.1 The purpose of the Loan shall be:
Purpose Definitions and Interpretation. PURPOSE 1 The purpose of this Bylaw is to regulate the release of matter to the City of Edmonton’s sewerage system and watercourses and to levy sewer service charges for services provided. DEFINITIONS 2 In this bylaw, unless the context otherwise requires:
Purpose Definitions and Interpretation. 1.1 This Agreement sets out the terms and conditions upon and subject to which the Bank agrees to make available to the Borrower a loan of L 1,000,000 for the purpose of assisting the Borrower in the purchase of the Property. As interest on the Loan is to be charged at a fixed rate, formal arrangements require to be made with Financial Markets to establish the fixed rate of interest and to book the Loan. In the event that the Loan is not drawn down and/or repaid as agreed, the Borrower shall compensate the Bank for any loss incurred as detailed in this Agreement.
