Lender Loan Sample Clauses

Lender Loan. Subject to the terms and conditions herein, Lender agrees to make the Lender Loan to Borrower.
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Lender Loan. On the terms and conditions of this Loan Agreement, Xxxxxx agrees to make the Loan to Borrower in the maximum principal amount of $ ("Loan Amount"). The Loan will initially be a construction loan (the “Construction Loan”). Upon expiration of the Construction Loan Period, the Construction Loan will, subject to satisfaction of the conditions precedent set forth in Section 4.1, be converted to a permanent loan. The Loan, after the conversion to a permanent loan may be referred to herein as the “Permanent Loan”. The Loan is evidenced by and repayable in accordance with this Loan Agreement and the Note, and is secured by the Trust Deed. All payments and prepayments on the Loan and all other amounts payable hereunder or under the Trust Deed by Borrower to Lender shall be made to: or at such other address as Lender may specify in writing.
Sample 1
Lender Loan. On the terms and conditions of this Agreement, Xxxxxx agrees to make the Loan to Borrower in the maximum principal amount of ($[X,XXX,XXX] (“Loan Amount”). The Loan will initially be a construction loan (the “Construction Loan”). Upon expiration of the Construction Loan Period, the Construction Loan will, subject to satisfaction of the conditions precedent set forth in Section 4.1, be converted to a permanent loan. The Loan, after the conversion to a permanent loan is referred to herein as the “Permanent Loan”. The Loan is evidenced by and repayable in accordance with this Agreement and the Note and is secured by the Trust Deed. All payments and prepayments on the Loan and all other amounts payable hereunder or under the Trust Deed by Borrower to Lender will be made to: Oregon Housing and Community Services 000 Xxxxxx Xxxxxx XX, Xxxxx X, Salem, Oregon 97301-1266 or at such other address as Lender may specify in writing.
Sample 1
Lender Loan. 16 3.2 Lender's Conditions.................................................... 16 3.3 Investment............................................................. 19 3.4 Expenses............................................................... 19 SECTION 4. PAYMENTS............................................................. 19
Sample 1
Lender Loan. Subject to the terms and conditions herein, Lender agrees to make the Lender Loan to Borrower. $1,200,000.00 shall be funded on the Execution Date. The balance of the Lender Loan shall be funded in no more than two installments within 5 days after written request by Borrower in an amount not to exceed $800,000 in total is given to Lender. If such written requests are not received by Lender on or before September 1, 2005, then Lender shall not be obligated to fund the unfunded portion of the Lender Loan and the principal of this Lender Note shall be reduced accordingly and the principal payments described in Section 4.2(b) shall be reduced proportionately.
Sample 1
Lender Loan. Effective as of the date hereof, and unless the context clearly indicates otherwise, (a) all references in the Loan Documents to the "Lender" and the "Lenders" shall be deemed to include, without limitation, the New Lender, and (b) all references in the Loan Documents to the "Loan" shall be deemed to include, without limitation, the Additional Advance.
Sample 1

Related to Lender Loan

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate, plus three-quarters of one percent (0.75%), which interest shall be payable monthly in accordance with Section 2.1.2(b) above and Section 2.3(d) below.

  • 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.

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