Loan and Repayment Sample Clauses

Loan and Repayment. The Lender hereby agrees to lend to the Borrower the Principal Sum of $250,000 (U.S.). The Loan shall be made in United States currency and shall be repaid by the Borrower on or before January 11, 2009.”
Sample 1See All (35)
Loan and Repayment. (a) On the terms and conditions of this Agreement and the Commitment, the Director shall lend to the Company the Loan Amount to assist in the financing of the Project. The Loan shall be evidenced b y this Agreement and the Note and secured by the Security Documents and the other Loan Documents, as applicable. Those instruments shall be executed and delivered by the Company to the Director on the Closing Date. (b) The terms of repayment of the Loan shall be as set forth in the Note and the Compan shall make all payments required to be made under the Note as and when due. (c) In addition to all payments required under the Note, the Company shall also pay a loan participation fee to the Director equal to ten percent (10%) of the amount of the Loan actually funded (the "Loan Participation Fee") payable at the end of the term of the Loan (whether by maturity, acceleration or otherwise); provided, however, if the Loan is prepaid prior to the end of the term of the Loan, the unpaid balance of such Loan Participation Fee shall be paid to the Director at the time of such prepayment. (d) Proceeds of the Loan shall be disbursed into the Escrow Account on each Escrow Funding Date pursuant to the terms hereof and the Escrow Disbursing Agreement upon the satisfaction of the conditions set forth in Section 3.6(a) hereof and held in accordance with the terms of this Agreement and the Escrow Disbursing Agreement. The Loan shall be disbursed only from, and only to the extent that on each Escrow Funding Date funds not heretofore committed are available to make the Loan from moneys in, the "Innovation Ohio Loan Fund" created by the Act and as defined in the Act. (e) The Escrow Funds shall be available for disbursement until the Escrow Disbursement Termination Date, and thereafter, the Director shall have no obligation to make or approve any further disbursements from the Escrow Account. Any Escrow Funds disbursed to the Director from the Escrow Account shall be applied as provided in the Note. (f) The Escrow Funds shall be disbursed from the Escrow Account on each Escrow Disbursement Date pursuant to the terms of this Agreement and the Escrow Disbursing Agreement. The Company shall be entitled to submit Disbursement Requests pursuant to the Escrow Disbursing Agreement not more frequently than once in any thirty (30) day period. (g) Each payment of Allowable Innovation Costs of the Project shall be funded 75% with Escrow Funds and 25% with the Required Equity Contribution (for...
Sample 1Sample 2Sample 3See All (10)
Loan and Repayment. The Lender hereby agrees to lend the Borrower the ------------------ Principal Sum. The Loan shall be made in U.S. currency and shall be repaid by the Borrower on the earlier of demand and the Maturity Date.
Sample 1Sample 2Sample 3See All (6)
Loan and Repayment. The Lender hereby agrees to lend to the Borrower the Principal Sum of $25,000 (CDN). The Loan shall be made in United States currency and shall be repaid by the Borrower on or before January 7, 2009.
Sample 1See All (6)
Loan and Repayment. The Lender hereby agrees to lend to the Borrower the Principal Sum of $75,000 (CDN). The Loan shall be made in Canadian currency and shall be repaid by the Borrower on or before July 1, 2014.”
Sample 1See All (4)
Loan and Repayment. (a) The City agrees to loan to the TIRZ Fund a sum of money, utilizing the issuance of bonds or certificates of obligation (the “Bonds”), in an amount estimated at $3,189,180.00 (the “Loan Amount”). The TIRZ Board shall use the Loan Amount to reimburse Glade Lifestyle for the construction of the Planned Improvements within the Development, subject to the terms and conditions of the Glade Lifestyle Agreement. (b) Subject to Glade Lifestyle’s right to payment from the TIRZ Fund as provided in the Glade Lifestyle Agreement, the City shall be entitled to utilize any amounts in the TIRZ Fund to make debt service payments and to be reimbursed for all costs associated with the issuance of the Bonds, which is estimated to be $79,330. (c) In the event that the TIRZ Revenue in the TIRZ Fund is insufficient to cover the entire debt service payment for that year, the City will provide for the assessment of the PID #2 Properties to acquire funds for the amount of the deficiency. The City shall be entitled to utilize any amounts collected or due to be collected in the TIRZ Fund for that fiscal year, and the TIRZ Board is not obligated to repay the amount of any deficiency ultimately covered by a PID assessment or other means.
Sample 1Sample 2Sample 3
Loan and Repayment. Borrower may from time to time during the term of this Note borrow, partially or wholly repay its outstanding borrowings, and re-borrow, subject to all of the limitations, terms and conditions of this Note and of any document executed in connection with or governing this Note, including the Credit Agreement; provided however, that the total outstanding borrowings under this Note shall not at any time exceed the principal amount stated above. The unpaid principal balance of this obligation at any time shall be the total amounts advanced hereunder by the holder hereof less the amount of principal payments made hereon by or for Borrower, which balance may be endorsed hereon from time to time by the holder. The outstanding principal balance of this Note shall be due and payable in full on the “Maturity Date” (as defined in the Credit Agreement).
Sample 1Sample 2Sample 3
Loan and Repayment. The Lender hereby agrees to lend to the Borrower the Principal Sum and the Borrower acknowledges receipt of the Principal Sum. The Loan shall be repaid by the Borrower on the Maturity Date.
Sample 1
Loan and Repayment. Borrower may from time to time during the term of this Note borrow, partially or wholly repay its outstanding borrowings, and re-borrow, subject to all of the limitations, terms and conditions of this Note and of any document executed in connection with or governing this Note, including the Amended and Restated Credit Agreement; provided however, that the total outstanding borrowings under this Note shall not at any time exceed the principal amount stated above. The unpaid principal balance of this obligation at any time shall be the total amounts advanced hereunder by the holder hereof less the amount of principal payments made hereon by or for Borrower, which balance may be endorsed hereon from time to time by the holder. The outstanding principal balance of this Note shall be due and payable in full on the "Revolving Commitment Maturity Date" (as defined in the Amended and Restated Credit Agreement as amended from time to time.)
Sample 1