General Terms of the Loan. Subject to the limitations contained herein, the Bank shall lend to the Borrower for purposes of the Project a principal amount of up to One Million Nine Hundred Thirty-Five Thousand Dollars ($1,935,000) upon the terms and conditions contained herein and in the other Loan Documents. The Loan Proceeds shall be disbursed to the Borrower in accordance with the provisions of this Agreement and shall be repaid with interest thereon by the Borrower to the Bank in accordance with the terms and provisions contained herein and in the Promissory Note, the terms and provisions of which are incorporated by reference herein to the same extent as if set forth in full in this Agreement. The Acquisition Loan Amount shall be disbursed at Closing upon satisfaction of all conditions for disbursement stated herein. The term of the Construction Loan shall extend from the date hereof through the Completion Date. Upon the expiration of the term of the Construction Loan, including any extensions mutually agreed to by the Bank and the Borrower, and provided that the Borrower is not (a) in default under this Agreement or any other Loan Document, or (b) in default under the SBA 504 Loan, or any of the terms and conditions precedent to obtain the SBA 504 Loan, the Borrower shall receive the Permanent Loan for an additional term of one hundred twenty (120) months commencing as of the Conversion Date.
General Terms of the Loan. (A) Subject to the terms hereof, the Bank will lend the Borrower, from time to time until the Revolving Credit Termination Date, such sums as the Borrower may request (but in the case of LIBOR Rate Loans, at least $100,000.00) by reasonable same day notice to the Bank, received by the Bank not later than 11:00 A.M. of such day. The Borrower may borrow, repay without penalty or premium and reborrow hereunder, from the date of this Agreement until the Revolving Credit Termination Date, either the full amount of the Revolving Credit Loan Commitment or any lesser sum which is at least $100,000.00. The Revolving Credit Outstandings shall at no time exceed the Revolving Credit Loan Commitment, and if, at any time, an excess shall for any reason exist, the full amount of such excess, together with accrued and unpaid interest thereon as herein provided, shall be immediately due and payable in full.
General Terms of the Loan. (i) The Lender agrees that, subject to the terms and conditions contained in this Agreement, and in reliance on the representations and warranties contained in Section 3, it shall make a loan to the Organization on the Effective Date in the amount of $15,000,000;
General Terms of the Loan. Subject to the limitations set forth herein, the Lender shall lend to the Borrower as the Loan an amount of up to One Hundred Thousand Dollars ($100,000.00) upon the terms and conditions contained herein and in the other loan documents of even date herewith relating to the Loan (the "Loan Documents"). The Loan shall be disbursed in accordance with the provisions of this Agreement and shall be repaid with interest thereon by the Borrower to the Lender in accordance with the terms and provisions of a certain Promissory Note of even date herewith evidencing the Loan (the "Promissory Note"), the terms and provisions of which are incorporated by reference herein to the same extent as if set forth in full in this Agreement.
