APPLICATION FOR AND PURPOSE OF THE LOAN Sample Clauses

APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender and now --------------------------------------- renews Borrower's application for a Loan in the aggregate principal amount of ONE MILLION TWO HUNDRED THOUSAND & 00/100 DOLLARS ($1,200,000) for the following purposes: FARM PRODUCTION LOAN. A farm production loan for the purpose of financing Borrower's farm production costs for the Current Crop Year.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of $1,440,000 for the following purpose: To finance the purchase of the land and building located at 10000 Xxxxxxx Xxx.,
Sample 1
APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of 12,000,000.00 for the following purpose: CONSOLIDATE LOAN #25915746 WITH NEW MONEY TO PAY OFF DEBT WITH KY BANKERS BANK AND CASH OUT TO PAY CLOSING COSTS.
Sample 1
APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of $172,725.73 for the following purpose: RENEWAL OF CASH FLOW MANAGER LOC INTO TERM LOAN. BORROWER'S LOAN. Lender has agreed to extend a Loan to Borrower in the amount of $172,725.73 subject to the terms and conditions of this Agreement and Borrower's attached Note. Borrower agrees to be bound and obligated under the terms and conditions of this Agreement and Borrower's Note, as well as any and all Security Agreements directly or Indirectly securing repayment of the same.
Sample 1
APPLICATION FOR AND PURPOSE OF THE LOAN. Company has applied to Lender for a loan in the principal amount of $500,000.00 (the “Loan”) to be used for working capital, research and development, and hiring of new employees.
Sample 1
APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of $7,000,000 for the following purpose: TO PAYOFF 7MM IN 9.75% DEBENTURES.
Sample 1
APPLICATION FOR AND PURPOSE OF THE LOAN. Xxxxxxxx has applied to Lender for a Loan in the aggregate principal amount of $11,550,000.00 for the following purpose: REFINANCE #25791389/NEW MONEY FOR BANK ACQUISITION. XXXXXXXX'S NOTE. Xxxxxx has agreed to consider making Loan Advances to Borrower from time to time on a multiple advance, non-self replenishing basis, up to an aggregate maximum principal amount not to exceed $11,550,000.00. Xxxxxxxx agrees to be bound and obligated under the terms and conditions of this Agreement and Xxxxxx’s procedures and additional requirements for requesting Loan Advances, as well as any and all Security Agreements directly or indirectly securing repayment of the same.
Sample 1
AutoNDA by SimpleDocs
APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of U.S. $7,500,000.00 for the purpose of financing Borrower's origination and acquisition of Inventory in the ordinary course of business of Borrower and working capital.
Sample 1
APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of $2,000,000 for the following purpose: Property updates and term financing..
Sample 1

Related to APPLICATION FOR AND PURPOSE OF THE LOAN

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • Purpose of Loan The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • PURPOSE OF AGREEMENT The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Institute, to set forth certain terms and conditions of employment relating to remuneration, hours of work, employee benefits and general working conditions affecting employees covered by this Agreement.

  • Application of Agreement If the Company has secured work outside of the County of Cumberland, an employee whom normally works within the County of Cumberland: i) Will be paid at the rates outlined in this agreement if specifically requested by the Company to work on that site. ii) May be offered work at that location at the rates that apply for that area and if applicable, taking into account clause 27, Distant Work. iii) May determine that redundancy would be more appropriate. Where there is any inconsistency between this Agreement and the Parent Award, the Agreement shall prevail to the extent of the inconsistency.

  • Purpose of Loans The proceeds of the Loans shall be used to finance the working capital and general corporate needs of the Borrower and its Subsidiaries, including but not limited to acquisitions.

  • Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures (a) The Statement for each series of MuniPreferred will provide that the Applicable Rate for such series for each Subsequent Rate Period thereof shall, except under certain conditions, be the rate per annum that a bank or trust company appointed by the Fund advises results from implementation of the Auction Procedures for such series. The Board of Directors or Board of Trustees, as the case may be, of the Fund has adopted a resolution appointing the Auction Agent as auction agent for purposes of the Auction Procedures for each series of MuniPreferred. The Auction Agent accepts such appointment and agrees to follow the procedures set forth in this Section 2 and the Auction Procedures for the purpose of determining the Applicable Rate for each series of MuniPreferred for each Subsequent Rate Period thereof for which the Applicable Rate is to be determined by an Auction. Each periodic implementation of such procedures is hereinafter referred to as an "Auction." (b) All of the provisions contained in the Auction Procedures and the Settlement Procedures are incorporated herein by reference in their entirety and shall be deemed to be a part hereof to the same extent as if such provisions were fully set forth herein.

  • Purpose of Consultation Procedure The purpose of the consultation procedure is to endeavor to resolve any failure to meet the provisions of the Service Level Agreement. If a consultation occurs under this Section V, all parties must negotiate in good faith to endeavor to: 1. implement changes which will enable the Service Level Agreement provisions to be met – such changes may include, but are not limited to, modification of either or both parties’ respective operational resources; 2. agree to alternative Service Level Agreement provisions which meet the parties’ respective business requirements; or 3. otherwise find a solution such that within a reasonable time after the consultation, the inability to meet the Service Level Agreement provision(s) is reasonably expected to be less likely to occur in the future.

  • Purpose of Advances The Borrowers undertake with each Creditor Party to use each Advance only for the purpose stated in the preamble to this Agreement.

  • Purpose of DPA The purpose of this DPA is to describe the duties and responsibilities to protect Student Data including compliance with all applicable federal, state, and local privacy laws, rules, and regulations, all as may be amended from time to time. In performing these services, the Provider shall be considered a School Official with a legitimate educational interest, and performing services otherwise provided by the LEA. Provider shall be under the direct control and supervision of the LEA, with respect to its use of Student Data

  • Purpose of Fee If an employee does not become a member of the Association during any membership year (i.e., from September 1 to the following August 31) which is covered in whole or in part by this Agreement, said employee will be required to pay a representation fee to the Association for that membership year. The purpose of this fee will be to offset the employee’s per capita cost of services rendered by the Association as majority representative.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!