Interest Loans Sample Clauses

The Interest Loans clause defines the terms under which interest is calculated and applied to borrowed amounts within a contract. Typically, it specifies the interest rate, the frequency of interest accrual (such as monthly or annually), and the method of payment, whether simple or compound interest. This clause ensures both parties understand the cost of borrowing and the repayment obligations, thereby preventing disputes over interest calculations and promoting financial clarity in the lending arrangement.
Interest Loans. Notwithstanding any provision to the contrary contained in this Agreement or any other Loan Document, Borrowers shall not be required to pay, and the Lender shall not be permitted to collect, any amount of interest in excess of the maximum amount of interest permitted by applicable law ("EXCESS INTEREST"). If any Excess Interest is provided for or determined by a court of competent jurisdiction to have been provided for in this Agreement or in any other Loan Document, then in such event: (1) the provisions of this subsection shall govern and control;
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Interest Loans. No interest will be paid by the Partnership on capital contributions or on balances in Capital Accounts. Loans by a Partner to the Partnership will not be considered capital contributions.
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Interest Loans. 5 SECTION 2. COLLATERAL.................................................................6 2.1
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Interest Loans. The Company hereby agrees to loan to the LLC amounts sufficient to pay interest on the Loan so long as (i) no Event of Default (as hereinafter defined) shall have occurred and be continuing and (ii) the amount of loans made and Bank Collateral provided would not exceed $2,000,000. The Pledgor shall deliver to the Company promissory notes substantially in the form of Exhibit A
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Related to Interest Loans

  • 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.

  • 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.

  • LIBOR Loans Subject to the provisions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2, requested the Lenders to continue to extend credit by way of a LIBOR Loan to replace all or a portion of an outstanding LIBOR Loan as it matures, each Lender shall, on the maturity of such LIBOR Loan, continue to extend credit to the Borrower by way of a LIBOR Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured LIBOR Loan or the portion thereof to be replaced.

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.