Borrowed Amount Clause Samples
The 'Borrowed Amount' clause defines the specific sum of money that a borrower receives from a lender under a loan agreement. It typically outlines the principal amount advanced, clarifies whether the funds are disbursed in a lump sum or in installments, and may reference any conditions that must be met before the funds are released. This clause ensures both parties have a clear understanding of the exact amount being borrowed, thereby preventing disputes and establishing a basis for calculating interest, repayments, and other financial obligations.
Borrowed Amount. Party A will borrow RMB Eighteen Million Five Hundred Thousand(in words) from Party B.
Borrowed Amount. (1+2) 4. Loan Term / Amortization: (select below) 5. Annual Interest Rate % 6. Estimated Monthly Payment ▇▇ / ▇▇ ▇▇▇▇▇▇ ▇▇ / 144 Months PAYMENT OPTIONS (CHECK ONE ONLY) Option 1 –Enbridge Gas Distribution, Enbridge Account #: Option 2 –Pre-Authorized Payment (PAP) Please Select PAP Date 1st OR 15th Name on Enbridge ▇▇▇▇ Vista Credit’s charges will appear on the other companies section of your Enbridge Gas Distribution ▇▇▇▇. These offers and claims are made by Vista Credit alone. Vista Credit is not owned by or affiliated with Enbridge Inc. or Enbridge Gas Distribution. Commencement Date: VISTA CREDIT OFFICE USE ONLY _
Borrowed Amount. The total amount borrowed by each Group Company:
(a) from its bankers does not exceed its banking facilities; and
(b) from whatsoever source does not exceed any limitation on borrowing contained in its respective articles of association.
Borrowed Amount. For purposes of this paragraph, the term ‘borrowed amount’ means the stated principal amount.