Issuance of Loan Sample Clauses

Issuance of Loan. 5.1 The condition precedent for the Lender to issue or continue to issue the loan is: the security hereunder has effectuated and continues to be effective (excluding the credit loan), and the Borrower does not breach this contract. 5.2 The Borrower authorizes the Lender to issue the whole amount of loan into the account listed below. The interest of loan shall be calculated commencing the date of the actual date of issuance. Account Name: Txxx Xxxxxxx Account No.: 2105454101207825877 Bank: Longcheng Sub-branch of Industrial and Commercial Bank of China
Sample 1
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Issuance of Loan. 2.1 Party A has the right to examine the following matter before issuing the loan and will decide whether to issue the loan according to the examination result: (1) Whether Party B has properly gone through all statutory procedures (if any) for government permissions, approvals, registrations, and delivery in relation to the loan under this Contract; (2) Whether relevant security contract (if any) has come into force; (3) Whether Party B has paid up all expenses (if any) in relation to this Contract; (4) Whether Party B has satisfied all conditions for loan as agreed in this Contract; (5) Whether there has been any adverse change to the operating and financial conditions of Party B and its security provider (if any); (6) Whether there has been any change in the willingness of Party B to repay and the willingness of its security provider to secure the debts (if any); (7) Whether Party B breaches this Contract in any form. 2.2 When paying the loan, if Party A finds that Party B’s credit condition worsens, or the profitability of Party B’s principal business is weak, or any abnormality occurs to the use of the loan fund, Party A has the right to change the payment method of the loan or to stop issuing and paying the loan fund. 2.3 Prior to the issuance of the loan, where Party A is unable to issue the loan hereunder owing to any change to the national macro-control policies, requirements that the regulatory department imposes on Party A for control of credit scale or credit direction, or other reasons not attributable to Party A, Party A has the right to stop the issuance of loan or to rescind this Contract, and Party B shall not have any objection thereto.
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Issuance of Loan. 3.1 The Lender shall issue the loan hereunder to the Borrower with all the following prerequisite conditions satisfied: (1) Trust is created validly; (2) The Borrower, according to the relevant laws and regulations, has obtained approval and completed the registration, delivery and other legal procedures concerning the Loan under this Agreement and has submitted the written voucher of the above mentioned procedures to the Lender; (3) Contract of Guaranty and Contract of Gold Pledge corresponding to the first Tranche of the loan have been signed and taken effect and their notarial acts for compulsory execution have been completed; Policy of Property Fundamental Insurance has been signed and taken effect; (4) Before the issuance of the first Tranche of trust loan, the Borrower has provided the Lender with the corresponding amount of the pledged gold calculated according to the pledge interest rate as the guaranty for pledge, has stored the the pledged gold in the safe deposit box rent by the Lender (hereinafter referred to as "safe deposit box") and has bought relevant insurance for the pledged gold according to the agreement herein; (5) The loan receipt has been delivered by the Borrower, and the legal and valid internal decision or approval documents have been delivered by the Guarantor; (6) The Borrower has delivered all the written documents for applying the loan as required by the Lender and promises that all documents delivered are true, complete, accurate and valid. 3.2 The Lender shall issue subsequent trust loans hereunder to the Borrower with all the following prerequisite conditions satisfied: (1) Subsequent trust loans have been created validly; (2) Contract of Gold Pledge corresponding to the subsequent trust loans have been signed and taken effect and notarial acts for compulsory execution have been completed; Policy of Property Fundamental Insurance has been signed and taken effect; (3) In the event of newly-added guarantee, the Contract of Guarantee has been signed and taken effect and relevant procedures for guarantee have been completed (such as mortgage and pledge registration procedures); (4) Before the issuance of subsequent trust loans, the Borrower has provided the Lender with the corresponding amount of the pledged gold calculated according to the pledge interest rate as the guaranty for pledge, has stored the pledged gold in the safe deposit box and has bought relevant insurance for the pledged gold according to the agreement herein;...
Sample 1
Issuance of Loan. 3.1 The Lender shall issue the loan hereunder to the Borrower with all the following prerequisite conditions satisfied: (1) Trust is created validly; (2) The Borrower, according to the relevant laws and regulations, has obtained approval and completed the registration, delivery and other legal procedures concerning the Loan under this Agreement and has submitted the written voucher of the above mentioned procedures to the Lender;
Sample 1
Issuance of Loan. Upon the terms and subject to the conditions ------------------ contained herein, Lender agrees to lend to the Company at the First Closing (as defined below) an amount equal to $3,565,625 (the "Loan").
Sample 1

Related to Issuance of Loan

  • Issuance of Note Subject to all of the terms and conditions hereof, the Company agrees to issue and sell to the Investor, and the Investor agrees to purchase from the Company, a Note in the principal amount set forth opposite such Investor’s name on the signature page hereto.

  • Issuance of Letter of Credit Upon satisfaction or waiver (in accordance with subsection 10.6) of the conditions set forth in subsection 4.3, the Issuing Lender shall issue the requested Letter of Credit in accordance with the Issuing Lender's standard operating procedures.

  • Issuance of Bonds Subject to the satisfaction of and compliance with all of the provisions, covenants and requirements of this Agreement, in order to provide funds for the payment of the Project Costs, the Issuer has authorized the issuance and delivery of the Bonds to the Initial Purchaser in accordance with the Indenture.

  • Issuance of Letters of Credit (a) Subject to and upon the terms and conditions herein set forth, at any time and from time to time on and after the Closing Date and prior to the date that is 15 days prior to the Revolving Credit Maturity Date, each Letter of Credit Issuer agrees to issue (or cause its Affiliates or other financial institution with which the Letter of Credit Issuer shall have entered into an agreement regarding the issuance of letters of credit hereunder, to issue on its behalf), upon the request of and for the account of the Borrower or any Restricted Subsidiary, letters of credit (each, a “Letter of Credit”) in such form as may be approved by such Letter of Credit Issuer in its reasonable discretion; provided that the Borrower shall be a co-applicant, and be jointly and severally liable, with respect to each Letter of Credit issued for the account of a Restricted Subsidiary. (b) Notwithstanding the foregoing, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Obligations at such time, would exceed the Letter of Credit Sub-Commitment then in effect, (ii) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Obligations and the Revolving Credit Loans and Swingline Loans outstanding at such time, would exceed the Total Revolving Credit Commitment then in effect, (iii) no Letter of Credit shall be required to be issued by a Letter of Credit Issuer the Stated Amount of which, when added to such Letter of Credit Issuer’s Revolving Credit Exposure (whether held directly or through its Affiliates), would exceed the Revolving Credit Commitment of such Letter of Credit Issuer (or its Affiliates), (iv) each Letter of Credit shall have an expiration date occurring no later than the earlier of (x) one year after the date of issuance thereof, unless otherwise agreed upon by the Administrative Agent and the applicable Letter of Credit Issuer or as provided under Section 3.2(e), and (y) the Letter of Credit Maturity Date, (v) each Letter of Credit shall be denominated in Dollars, (vi) no Letter of Credit shall be issued if it would be illegal under any Applicable Law for the beneficiary of the Letter of Credit to have a Letter of Credit issued in its favor, (vii) no Letter of Credit shall be issued after the applicable Letter of Credit Issuer has received a written notice from the Borrower or the Administrative Agent stating that a Default or an Event of Default has occurred and is continuing until such time as the Letter of Credit Issuer shall have received a written notice of (x) rescission of such notice from the party or parties originally delivering such notice or (y) the waiver of such Default or Event of Default in accordance with the provisions of Section 13.1 or that such Default or Event of Default is no longer continuing, (viii) no Letter of Credit shall be issued by the applicable Letter of Credit Issuer if such issuance would cause the Letter of Credit Obligations of such Letter of Credit Issuer to exceed the Letter of Credit Sub-Commitment Obligation of such Letter of Credit Issuer, (ix) UBS AG, Stamford Branch shall only be required to issue standby letters of credit and (x) in no event shall SunTrust Bank be required to issue commercial or trade letters of credit. (c) In connection with the establishment of any Extended Revolving Credit Commitments or Additional/Replacement Revolving Credit Commitments and subject to the availability of unused Commitments with respect to such newly established Class and the satisfaction of the Conditions set forth in Section 7, the Borrower may, with the written consent of the Letter of Credit Issuer, designate any outstanding Letter of Credit to be a Letter of Credit issued pursuant to such Class of Extended Revolving Credit Commitments or Additional/Replacement Revolving Credit Commitments, as applicable. Upon such designation such Letter of Credit shall no longer be deemed to be issued and outstanding under such prior Class and shall instead be deemed to be issued and outstanding under such newly established Class of Extended Revolving Credit Commitments or Additional/Replacement Revolving Credit Commitments, as applicable. (d) On the Closing Date, without further action by any party hereto (including the delivery of a Letter of Credit Request or any consent of, or confirmation by or to, the Administrative Agent), subject to the terms of this Section 3, (i) each Existing Letter of Credit set forth on Schedule 1.1(b) hereto issued by a Letter of Credit Issuer hereunder shall become a Letter of Credit outstanding under this Agreement, shall be deemed to be a Letter of Credit issued under this Agreement and shall be subject to the terms and conditions hereof (including Section 4.1) as if each such Letter of Credit was issued by the applicable Letter of Credit Issuer pursuant to this Agreement and (ii) each Letter of Credit Issuer that has issued an Existing Letter of Credit shall be deemed to have granted each Letter of Credit Participant in respect thereof and each Letter of Credit Participant in respect thereof shall be deemed to have acquired from such Letter of Credit Issuer, on the terms and conditions of Section 3.3 hereof, for such Letter of Credit Participant’s own account and risk, an undivided participation interest in such Letter of Credit Issuer’s obligations and rights under each such Existing Letter of Credit equal to such Letter of Credit Participant’s Revolving Credit Commitment Percentage, as applicable, of (A) the outstanding amount available to be drawn under such Existing Letter of Credit and (B) the aggregate amount of any outstanding reimbursement obligations in respect thereof.

  • Issuance of the Bonds The Authority shall issue the Bonds under and in accordance with the Indenture, subject to the provisions of the bond purchase agreement among the Authority, the initial purchaser or purchasers of the Bonds and the Company. The Company hereby approves the issuance of the Bonds and all terms and conditions thereof.

  • Issuance of Debt On the date of receipt by Holdings or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Holdings or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), the Borrower shall prepay the Loans in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

  • Issuance of Commitment Shares In consideration for the Investor’s execution and delivery of this Agreement, the Company shall cause to be issued to the Investor a total of 943,396 shares of Common Stock (the “Commitment Shares”) immediately upon the execution of this Agreement and shall deliver to the Transfer Agent the Irrevocable Transfer Agent Instructions with respect to the issuance of such Commitment Shares. For the avoidance of doubt, all of the Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any subsequent termination of this Agreement.

  • Issuance of Notes The Owner Trustee is hereby authorized and directed on behalf of the Trust to execute, issue and deliver the Notes pursuant to the Indenture.

  • Issuance of Additional Notes The Issuers shall be entitled, subject to their compliance with Section 4.09, to issue Additional Notes under this Indenture which shall have identical terms as the Initial Notes issued on the Initial Issuance Date, other than with respect to the date of issuance, issue price and the date from which interest begins to accrue. The Initial Notes issued on the Initial Issuance Date, any Additional Notes and all Exchange Notes issued in exchange therefor shall be treated as a single class for all purposes under this Indenture, including, without limitation, waivers, consents, directions, declarations, amendments, redemptions and offers to purchase. With respect to any Additional Notes, the Issuers shall set forth in an Officers’ Certificate, which shall be delivered to the Trustee, the following information: (1) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; (2) the issue price, the issue date and the CUSIP number and any corresponding ISIN of such Additional Notes; and (3) whether such Additional Notes shall be Transfer Restricted Securities and issued in the form of Initial Notes as set forth in Exhibit 1 to the Appendix to this Indenture or shall be issued in the form of Exchange Notes as set forth in Exhibit A to the Appendix.

  • Issuance of the Securities The Securities are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents. The Underlying Shares, when issued in accordance with the terms of the Transaction Documents, will be validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents. The Company has reserved from its duly authorized capital stock a number of shares of Common Stock for issuance of the Underlying Shares at least equal to the Required Minimum on the date hereof.

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