Examples of Repayment of Loan in a sentence
Section 4.1. Loan By the Issuer to the Company; Repayment of Loan; Obligations Unconditional.
Repayment of Loan ----------------- A loan made under the Contract may be repaid with an amount equal to the monies borrowed plus interest.
Repayment of Loan ----------------- A loan made under the policy may be repaid at any time with an amount equal to the original loan plus loan interest.
Maturity and Repayment of Loan...............................................................
Repayment of Loan A loan made under the Contract may be repaid with an amount equal to the monies borrowed plus interest which accrues daily, either at a fixed annual rate of 5-1/2% or, if a contract owner has elected to have a variable loan interest rate applicable to loans made under the Contract, at the variable loan interest rate then applicable to the loan.
Any prepayment under this Clause 7.2 shall satisfy the obligations under Clause 6.1 ( Repayment of Loan) in reverse chronological order.
The first Interest Period applicable to the Loan shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period and each Interest Period shall be any period specified in the Reference Rate Terms provided that in respect of an amount due to be repaid under Clause 8.1 (Repayment of Loan) on a particular Repayment Date, an Interest Period relating to the Loan shall end on that Repayment Date.
Interest Rate Swap The Borrower shall have the right, at its discretion, to enter into an interest rate swap with the Lender under the Hedging Agreement in order to hedge its exposure under the Loan, for a period not exceeding the earlier of (a) date falling 36 months following the Utilisation Date, (b) the date on which the Loan is prepaid in full in accordance with Clause 6.1 (Repayment of Loan) and (c) the Termination Date.
Subsequent Events (continued) Repayment of Loan In May 2003, the Company repaid the outstanding principal and interest due on its loan from GE Capital in the amount of $6,938,473 (Note 9).
Section 14.3 - Section 14.3 shall be amended, effective as of January 1, 2002, to read in its entirety as follows: Section 14.3 Repayment of Loan.