Composition of the Loan Sample Clauses

Composition of the Loan and the interest rates 2.1 Variable Interest Rate on the basis of LIBOR Interest (a) The sum of $/₤/€/¥/SF* (in words ) out of the total amount of the Loan, shall bear variable interest on the outstanding balance of the Loan from time to time, including any accrued interest thereon, of LIBOR + a margin of %, and as calculated from time to time by the Bank. (*Delete as applicable) As of the date of signing the Agreement, the LIBOR base rate is % (the "Base Rate") , and consequently the total interest rate at the date of the Agreement, on a yearly basis is: % (Effective/Coordinated Interest Rate : %) Interest Period: The Interest Period (as referred to in the General Terms and Conditions) shall be a period of: (b) Term of the Loan: the Drawdown Date.
Sample 1Sample 2
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Composition of the Loan and the interest rates 2.1 Variable Interest Rate on the basis of Interest Rate Anchors for Foreign Currencies (changes every 3 months) (a) The sum of $/₤/€/¥/SF* (in words ) out of the total amount of the Loan, shall bear variable interest on the outstanding balance of the Loan from time to time, including any accrued interest thereon, of name of the relevant Interest Rate Anchor + a margin of %, and as calculated from time to time by the Bank. (*Delete as applicable) As of the date of signing the Agreement, the name of the relevant Interest Rate Anchor base rate is % (the "Base Rate") , and consequently the total interest rate at the date of the Agreement, on a yearly basis is: % (Effective/Coordinated Interest Rate : %) Interest Period: The Interest Period (as referred to in the General Terms and Conditions) shall be a period of: (b) Term of the Loan: the Drawdown Date.
Sample 1Sample 2
Composition of the Loan and the interest rates 2.1 Variable Interest Rate on the basis of LIBOR Interest (a) The sum of $/₤/€/¥/SF* (in words ) out of the total amount of the Loan, shall bear variable interest on the outstanding balance of the Loan from time to time, including any accrued interest thereon, of LIBOR + a margin of %, and as calculated from time to time by the Bank. (*Delete as applicable) As of the date of signing the Agreement, the LIBOR base rate is % (the "Base Rate") , and consequently the total interest rate at the date of the Agreement, on a yearly basis is: % (Effective/Coordinated Interest Rate : %) Interest Period: The Interest Period (as referred to in the General Terms and Conditions) shall be a period of: ⃞ one month* ⃞ Three months (quarterly) * ⃞ Six months (semi-annually) * ⃞ Sixty months* (*Delete as applicable) (b) Term of the Loan: the Drawdown Date.
Sample 1

Related to Composition of the Loan

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • Disbursement of the Loan Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

  • Modification of the Small Generating Facility The Interconnection Customer must receive written authorization from the NYISO and Connecting Transmission Owner before making any change to the Small Generating Facility that may have a material impact on the safety or reliability of the New York State Transmission System or the Distribution System. Such authorization shall not be unreasonably withheld. Modifications shall be done in accordance with Good Utility Practice. If the Interconnection Customer makes such modification without the prior written authorization of the NYISO and Connecting Transmission Owner, the Connecting Transmission Owner shall have the right to temporarily disconnect the Small Generating Facility. If disconnected, the Small Generating Facility will not be reconnected until the unauthorized modifications are authorized or removed.

  • Repayment of the Loans The Companies (a) may prepay the Obligations from time to time in accordance with the terms and provisions of the Notes (and Section 17 hereof if such prepayment is due to a termination of this Agreement); (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans together with accrued and unpaid interest, fees and charges and; (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements; and (c) subject to Section 2(a)(ii), shall repay on any day on which the then aggregate outstanding principal balance of the Loans are in excess of the Formula Amount at such time, Loans in an amount equal to such excess. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

  • Terms of the Loan The Loan will bear interest for the period and at the rate or rates set forth in the Note, and be payable in accordance with the terms of the Note. The outstanding principal balance, all accrued and unpaid interest and all other sums due and payable under the Note or other Loan Documents, if not sooner paid, shall be paid in full at Loan Maturity.

  • Replacement of the L/C Issuer The L/C Issuer may be replaced at any time by written agreement between the Borrower, the Administrative Agent, the replaced L/C Issuer and the successor L/C Issuer. The Administrative Agent shall notify the Lenders of any such replacement of the L/C Issuer. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced L/C Issuer pursuant to Section 2.03(m). From and after the effective date of any such replacement, (i) the successor L/C Issuer shall have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit to be issued by it thereafter and (ii) references herein to the term “L/C Issuer” shall be deemed to include such successor or any previous L/C Issuer, or such successor and all previous L/C Issuer, as the context shall require. After the replacement of the L/C Issuer hereunder, the replaced L/C Issuer shall remain a party hereto and shall continue to have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

  • Description of the Project THIS SHOULD BE NO MORE THAN A TWO PARAGRAPH DESCRIPTION THAT PROVIDES A BACKGROUND OF THE PROBLEM, AS WELL AS HOW THE CONTRACTOR INTENDS TO SOLVE THE PROBLEM. KEEP IN MIND THAT THE CONTRACT SHOULD “STAND ON ITS OWN,” I.E. ANYONE SHOULD BE ABLE TO PICK IT UP AND FIGURE OUT WHAT IS GOING ON.)

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • Revolving Loan The Borrower shall repay to the Lenders in full on the date specified in clause (a) of the definition of “Revolving Termination Date” the aggregate principal amount of the Revolving Loans and Swing Loans outstanding on the Revolving Termination Date.

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

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