Grant of Loan Sample Clauses
The Grant of Loan clause defines the lender's commitment to provide a specified sum of money to the borrower under agreed terms. It typically outlines the amount of the loan, the conditions for disbursement, and any requirements the borrower must meet before receiving the funds, such as providing collateral or fulfilling documentation. This clause serves to clearly establish the lender’s obligation and the borrower’s entitlement, ensuring both parties understand the basis and conditions of the loan arrangement.
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Grant of Loan. 2.1.1. Subject to the terms and conditions hereof and within three (3) Business Days following the date hereof (the "Closing"), the Lender shall grant the Company a loan in the principal amount of EUR 1,000,000 (One Million Euro), (the "Loan" or "Loan Amount").
2.1.2. The Loan Amount shall be wired to the Borrower by bank wire transfer to a bank account the details of which shall be provided to the Lender at the Closing.
Grant of Loan. Under the terms and conditions hereof, the Subsidiary hereby lends to the Founder an amount of US$ 100,000 (the “Loan”). The Loan shall accrue interest of 5% compounded annually from the date of extension of the Loan to the Founder and until the date of repayment thereof (the “Interest”; the Loan together with the Interest, the “Loan Amount”).
Grant of Loan. The Borrower applies for a loan from the Lender. The Lender agrees to grant the loan to the Borrower in pursuance of the provisions herein, the amount of the Loan is RMB 10million, and the Loan is used to pay the consideration payable by the Borrower under the Share Transfer Agreement.
Grant of Loan. The Borrower applies for a loan from the Lender. The Lender agrees to grant the loan to the Borrower in pursuance of the provisions herein, the amount of the Loan is RMB4,800,000, and the Loan is used to pay the consideration payable by the Borrower of the stock option of 50% equity of ▇▇ ▇▇ Jia Xun.
Grant of Loan. The Borrower applies for a loan from the Lender. The Lender agrees to grant the loan to the Borrower in pursuance of the provisions herein, the amount of the Loan is RMB 2 million, and the Loan is used to pay the consideration payable by the Borrower of the stock option of 10% equity of Sogou Information.
Grant of Loan. Based on the representations of the Borrower, and subject to the compliance of all the Terms and Conditions by the Borrowers, Axis Bank Ltd. shall lend to the Borrower and the Borrower agrees to borrow from Axis Bank Ltd loan[s] under the "Joint Liability Group Loan" a sum of Rs.[. ]["the Principal"].
Grant of Loan. The Lender agrees to advance the Loan to the Borrower on the terms and subject to the conditions of this Agreement.
Grant of Loan. 2.1.1. Subject to the conditions hereof and within 3 Business Days following the day of execution hereof (the “Closing”), the Lender, shall, grant the Company a loan in the principal amount of ___________ US$ (the “Loan” or “Loan Amount”);
2.1.2. The Loan shall be transferred to the Borrower by bank transfer to a bank account the details of which shall be provided to the Lender at the Closing.
Grant of Loan a. Based on the representations provided by the Borrower and the Co-Borrower, if applicable, in the Loan Application form submitted by the Borrower to RCFL for applying for and availing the said Credit Facility/ies, (together with the loan application form and all other information, particulars, clarifications and declarations, if any, furnished by the Borrower or any other person from time to time in connection with the financial facility) and in accordance with the guidelines laid down under the relevant government schemes, RCFL agrees to lend and advance to the Borrower and the Borrower hereby agrees to avail from RCFL the “Loan” on the terms and conditions contained in this Agreement and the ancillary documents if any. The Loan provided to the Borrower shall be used by the Borrower solely for the Purpose mentioned in the Schedule. The loan(s) amount availed by the Borrower and any further amounts received by the Borrower from RCFL under this Agreement shall hereinafter collectively be referred to as “Loan”.
b. The Borrower, hereby agrees and acknowledges that it shall be at the sole and absolute discretion of RCFL to ascertain the extent (either enhance or reduce), the manner and/or schedule of disbursement, of the said the said Credit Facility/ies and the Borrower shall not have any claim and/or dispute with regard to the same. Any such enhancement/reduction of the limit shall be governed by the terms and conditions of this Agreement and such other terms and conditions as RCFL may stipulate from time to time.
c. The Principal, Interest, Additional Interest (including but not limited to costs and charges, if any) and any other amounts due or payable shall hereinafter collectively be referred to as “Loan”.
Grant of Loan. The Committee will grant a Scholarship Loan to the Apprentice in the amount set forth in his Paragraph 2 which covers the cost of the Apprentice’s entire training. The Apprentice’s training consists of five (5) years of accredited trade experience and satisfactory completion of the Related Training Program consisting of a minimum of 213 Lessons & 19 Courses. The requirements of the Training Program are set forth in detail in the “Apprenticeship Standards” between Road Sprinkler Fitters Local Union No. 669 of the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States and Canada and the National Fire Sprinkler Association, Inc.