Capital Loan Sample Clauses

Capital Loan. 6.3.2.2 Code..............................................................6.5
Sample 1
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Capital Loan. If a Curing Capital Contribution is not made by one or more Members, make a loan to the Defaulting Member by advancing to the Company on behalf of the Defaulting Member the additional Capital Contribution required of the Defaulting Member (a "Capital Loan"). No Complying Member shall be required to make any Curing Capital Contribution or Capital Loan, and each Complying Member electing to make either a Capital Loan or Curing Capital Contribution as provided above may make any part or all thereof; provided that if more than one Complying Member wishes to make any of the same in excess of its pro rata share and, as a result thereof, the total amount which all of the Complying Members wish to make exceeds the amount due from the Defaulting Member, the amounts which each Complying Member may make shall be allocated in proportion to such Complying Members' respective Ownership Interests to the extent necessary so that the total amount allocated to all Complying Members equals the total amount due from the Defaulting Member.
Sample 1
Capital Loan. Upon execution of this Agreement, DCC will loan to APS the sum of One Million Dollars ($1,000,000) as a Capital Loan which Capital Loan will be used by APS in furtherance of its obligations under this Agreement. Repayment of the Capital Loan by APS shall be as provided in Section 7.3 hereof.
Sample 1
Capital Loan. On the Closing Date, the outstanding balance (principal and accrued interest) on the Capital Loan shall not exceed $700,000.
Sample 1
Capital Loan. (i) If the transfer of shares to an unrelated third party causes the "A" Shareholder to end up with a minority interest in the Company (i.e., fewer than 50% of the outstanding issued shares in the Company, even if the "A" Shareholder still holds more shares than any of the other Shareholders), and if the "B" Shareholder also transferred any shares to the third party pursuant to Section 7.2, then the "B" Shareholder shall make a loan (the "Loan") to the Company equal to the sum of: a) the amount of paid-up share capital that the "A" Shareholder retains in the Company, and ii) the amount of any retained earnings of the Company which have accrued but have not been paid to the "A" Shareholder (such sum being the "Loan Amount"). The principal amount of Loan from the "B" Shareholder to the Company will be due and payable when the loan from the "A" Shareholder to the Company is repaid. Interest will accrue on the Loan on a daily basis to the "B" Shareholder at the "Prime Rate" of interest charged by the Xxxxxx Trust & Savings Bank, Chicago, Illinois, plus 3%, and will be calculated monthly. Interest on the Loan will be capitalized as it accrues and treated as additional paid-in capital of the "B" Shareholder to the company until the "B" Shares are fully paid up. Thereafter, any excess interest will be paid to the "B" Shareholder.
Sample 1
Capital Loan. The CF Capital Borrowers shall have executed and delivered the CF Capital Loan Documents and the initial closing of the CF Capital Loan for the West Bluffs Property and Santa Fe Depot Property (as defined in the CF Capital Loan Agreement) shall occur concurrently with the closing of the Loan on the Closing Date. Other Items. Such other items or documents as Lender may reasonably require. EXHIBIT B EXHIBIT C SINGLE PURPOSE ENTITY
Sample 1
Capital Loan repayment The Borrower shall (to the extent permitted by the Finnish Companies Act) repay the Capital Loan on its maturity date of 19 February 2004 or as soon thereafter as may be permissible under the Finnish Companies Act.
Sample 1
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Related to Capital Loan

  • Working Capital Loans The Sponsor has made loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form filed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 and the consummation of the Offering.

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Initial Loan The obligation of the Lender to make its initial Loan hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following items, each of which shall be satisfactory to the Lender and its counsel in form and substance:

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • PPP Loan On or about January 24, 2022, the PPP Loan was forgiven in full by the PPP Lender and the U.S. Small Business Administration in accordance with the terms of the PPP Loan, CARES Act, and all other applicable Laws.

  • Term Loan Advance Subject to Section 2.4(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) six and one half of one percent (6.50%) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest, in each case, shall be payable monthly in accordance with Section 2.4(e) below.

  • Commercial Loan The Borrower hereby represents and warrants to the Lender that the Loan was made for commercial or business purposes, and that the funds evidenced by this Note will be used solely in connection with such purposes.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Term A Loan The Borrower shall repay the outstanding principal amount of the Term A Loan in equal quarterly installments of $8,437,500 on the last Business Day of each March, June, September and December, beginning with March 31, 2017 (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), with the outstanding principal balance of the Term A Loan due on the Term A Maturity Date, unless accelerated sooner pursuant to Section 9.02.

  • Bridge Loan The proceeds of the Bridge Loan shall be applied by ----------- the Borrower, together with borrowings under the Senior Credit Facility and funds raised in the Equity Financing, to the payment of the Transaction Costs and to pay the consideration for the Xxxxxxxx Acquisition.

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