Amount and Terms of the Loan. The Loan. Subject to the terms of this Agreement, each Purchaser agrees to lend to the Company at the Closing (as hereinafter defined) the amount set forth opposite such Purchaser’s name on the Schedule of Purchasers attached to this Agreement (each, a “Loan Amount”) against the issuance and delivery by the Company of a convertible promissory note for such amount, in substantially the form attached hereto as Exhibit A (each, a “Note” and collectively, the “Notes”).
Amount and Terms of the Loan. Subject to the terms of this Agreement:
2.1 the Purchaser covenants and agrees to lend to the Company the Loans; and
2.2 the Company agrees to issue to the Purchaser a Note in the principal amount of each applicable Loan as set out in this Agreement. The Loan Amount shall be paid by the Purchaser to the Company in two tranches upon the closing dates as set forth in Section 4 below.
Amount and Terms of the Loan. SECTION 2.01 LINE OF CREDIT LOAN FACILITY; REQUEST FOR ACQUISITION BORROWINGS AND WORKING CAPITAL BORROWINGS; DISBURSEMENT OF FUNDS.
(a) Subject to and upon the terms and conditions set forth in this Agreement, the Lender hereby establishes in favor of the Borrower a line of credit loan facility of up to Ten Million Dollars ($10,000,000) for Working Capital Borrowings (the "Line of Credit Loan Facility"). Within the limits of the Line of Credit Loan Facility and during the Borrowing Period, the Borrower may borrow in accordance with the terms and conditions of this Agreement, provided, however, that (1) the Borrower may not (A) reborrow any principal repaid, (B) borrow should there exist a Default or Event of Default, or (C) borrow when Borrower's cash and cash equivalents (as shown in Schedule 2.3(a) of the Asset Purchase Agreement) are equal to or greater than Two Million Dollars ($2,000,000), and (2) the Borrower must use the proceeds of each Working Capital Borrowing to fund a use that has been approved by the Lender and listed in Schedule I hereto, or for other needs of Borrower as pre-approved in writing by Lender.
(b) Whenever the Borrower desires to borrow a Working Capital Borrowing under the Line of Credit Loan Facility within the Borrowing Period, but in any event no more often than once every thirty (30) days, it shall give the Lender prior written notice of such Working Capital Borrowing (a "Notice of Borrowing"), which shall be substantially in the form of Exhibit A attached hereto. Each Notice of Borrowing shall be delivered to the Lender no later than five (5) days prior to the requested date of such Borrowing. Each Notice of Borrowing (i) shall be irrevocable, (ii) shall specify the aggregate principal amount of the Working Capital Borrowing which shall be in the minimum amount of Two Hundred Thousand Dollars ($200,000) and shall not exceed Two Million Dollars ($2,000,000), and (iii) shall describe in detail acceptable to Lender the proposed use of the proceeds of such Borrowing. Promptly upon Lender's request therefor, Borrower shall deliver copies of such documents relating to the proposed use as Lender shall request. To the extent that the use is for a purpose other than those listed on Schedule I hereto (an "Off-Schedule Expenditure"), Lender shall notify Borrower in writing no later than three (3) business days after receipt of each Notice of Borrowing of whether Lender consents to the Off-Schedule Expenditure at its sole discretion. ...
Amount and Terms of the Loan. 11 SECTION 2.01 Line of Credit Facility; Request for Acquisition Borrowings and Working Capital Borrowings; Disbursement of Funds.................................................11 SECTION 2.02 Note; Maturity....................................................................12 SECTION 2.03
Amount and Terms of the Loan. SECTION 2.1. The Loan. The Lender has, on the terms and conditions hereinafter set forth, made a loan (the "Loan") to the Borrower on the date hereof in the amount set forth above, in connection with Borrower's purchase of the Option Shares.
Amount and Terms of the Loan. 1.1 The Loan. The “Loan” hereunder shall mean the loan by the Lender to the Borrower in the principal amount of $2,000,000.
Amount and Terms of the Loan. 1.1 The Loan(s). Subject to the terms of this Agreement, each Purchaser agrees to lend to the Company at the Closing (as hereinafter defined) the amount set forth opposite each such Purchaser’s name on the Schedule of Purchasers attached hereto up to an aggregate amount of $1,250,000 (each, a “Loan Amount” and collectively the “Total Loan Amount” or “Loan”) against the issuance and delivery by the Company of a subordinated promissory note or notes for such amount(s), in substantially the form attached hereto as EXHIBIT A (each, a “Note” and collectively, the “Notes”). Capitalized terms not otherwise defined in this Agreement shall have the meaning ascribed to such terms in the Note.
Amount and Terms of the Loan. Party A loaned RMB120,000,000 yuan (RMB One Hundred and Twenty Million Yuan) to Party B with a three year term.
Amount and Terms of the Loan. The Loan. Subject to the terms of this Agreement, Xxxxxxxxx agrees to lend to the Company at the Closing $_________ (“Loan Amount”) against the issuance and delivery by the Company of a promissory note for such amount, attached as Exhibit A (“Note”).
Amount and Terms of the Loan. (a) The Borrower agrees to borrow from the Lender and the Lender agrees to lend and advance to the Borrower a rupee term loan of ₹150,00,00,000/- (Rupees one hundred fifty crore only) for the Purpose on the terms and conditions contained herein forming part of the Total Loan (hereinafter referred to as the “Loan”).
(b) The Borrower agrees that the proceeds of the Loan shall be utilized for the Purpose as per the Financing Plan.
