Loan of Funds Sample Clauses

Loan of Funds. The Corporation will loan the Executive at such time as the Executive requests within the next Ninety (90) days of the date of this Agreement an amount not to exceed Three Million Four Hundred Thousand Dollars ($3,400,000) at an interest rate of seven and two-tenths percent (7.2%) per annum and on such other terms pursuant to the provisions of a Promissory Note substantially in the form attached hereto as Exhibit 1. The Executive will repay the principal amount and all interest accrued on the principal amount in accordance with the terms of the Promissory Note and not later than April 30, 2024. The Executive may prepay without penalty any or all of the principal and accrued interest owing under the terms of this Agreement and the Promissory Note.
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Loan of Funds. The Borrower hereby requests Lender and Lender hereby agrees, on the terms and conditions set forth in this Agreement, to establish a loan for the benefit of Borrower in an amount not to exceed ($ ) (hereinafter, “Loan”). Borrower shall expend all funds received from Lender pursuant to this Agreement only for the purpose of completion of the project described in the Loan Approval Statement attached hereto as Attachment A-1 (hereinafter, “Project”), the Engineering Report (as defined in Attachment A-1), and Borrower’s Loan Application. The Project shall be completed within 12 months of the Effective Date (“Project Completion Date”). The Project Completion Date may be extended only on Lender’s prior written approval as provided for in Section 13 of this Agreement.
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Loan of Funds. In one or more Loan Advances, the Lender shall loan to the Borrower $50,000.00 (the “Loaned Funds”). The Loan Advances shall be made by the Lender upon written request of the Borrower and based upon the availability of funds by the Lender. The rights of the parties in the Loaned Funds and the terms under this Agreement and the Original Loan Agreement shall be pari pasu and neither loan shall be senior, or grant rights superior, to the other loan.
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Loan of Funds. The Lender agrees and undertakes to loan to the Company the amount of US$9,000,000 (nine million U.S. Dollars) (the "Loan Amount"), and the Company agrees to receive such loan from the Lender, in accordance with the terms and conditions set forth in this Agreement. Payment of the entire Loan Amount shall be made, in United States Dollars, by the Lender within 5 (five) business days from the date on which all the conditions listed in Section 9 below have been met, by way of a bank transfer, to the following bank account of the Company: BioLineRx Ltd. Account No. 97800/55 Bank Leumi Branch #741 Givat Xxxxx, Jerusalem The Loan Amount shall be automatically converted into an equity investment in the Company upon the occurrence of the first to occur of the events specified in Sections 3 and 4, and conversion of the Loan Amount pursuant to either of such Sections shall constitute full repayment of the Loan Amount.
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Loan of Funds. At the hereinafter described Closing, Lender shall loan, and Borrower shall borrow, the principal amount of Six Million Dollars (US $6,000,000) (the "LOAN"). At Closing, Lender shall withhold from the proceeds of the Note, as defined herein, an origination fee of Sixty Thousand Dollars ($60,000), equal to one percent (1%) of the principal amount of the Note. The Loan shall be used to fund the drilling of eight (8) new wells (collectively, the "NEW WELLS") xx, and to expand the gas gatxxxxxg system relating to, the Comet Ridge Project (the "PROJECT") in Queensland, Australia. The New Wells consist of Proposed Fairview Wexxx Xos. 21 through 28, on Petroleux Xxxse No. 91, as set forth in the attached Authorities for Expenditure, Geological Prognoses/Start Memoranda and map, attached hereto as Exhibit A. The Project is subject to that certain Joint Operating Agreement dated May 15, 1992 among Tri-Star Petroleum Company, Tipperary Oil & Gas Corporation and others. Borrower may lend a portion of the Loan to the other participants in the Project, as provided in Section 5.2.
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Loan of Funds. On August 7, 2017, ICP USA’s Board of Directors passed a resolution directing ICP USA’s management to issue an offer to PXI and PXIB to lend up to an aggregate of $1,000,000 to ICP USA to be evidenced by promissory notes (the “Resolution”). The Resolution is attached hereto as Exhibit A.
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Loan of Funds. In one or more Loan Advances, the Lender shall loan to the Borrower $50,000.00 (the “Loaned Funds”) on or before April 30, 2016. The Loan Advances shall be made by the Lender at such times as determined in its sole discretion, but the full amount of the Loaned Funds shall be made not later than April 30, 2016.
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Loan of Funds. In order to enable the shareholders of Sycom Corp and SSBKK to pay anticipated federal and state taxes, if any, resulting from the sale of the Assets of Sycom LLC and/or the consideration received for the Sale and Noncompetition Agreement, the Onsite Companies agree to loan to Sycom LLC, for distribution to such shareholders, up to one million dollars ($1,000,000) immediately prior to the time that such taxes are due. Such loan shall be at the option of Sycom LLC and shall accrue interest at the rate of 9.75% per annum, and shall have such further terms and conditions as are set forth herein and in a form of promissory note substantially similar to that attached hereto as EXHIBIT E (the "Note"). Sycom LLC shall secure the repayment of the principal and interest of the Note by pledging to Onsite 1.75 Common Shares for each $1.00 loaned pursuant to the terms of a "Stock Pledge Agreement" substantially similar to that attached hereto as EXHIBIT F (the "Stock Pledge Agreement"). The Note shall be payable in advance at any time, without penalty, and shall mature and be fully due two years from the Closing Date. At the sole election of Sycom LLC, the Note shall be payable in either cash or Onsite Common Stock. If repayment in Common Stock is elected, then the Common Shares shall have a value equal to the average closing market price for the twenty (20) trading days immediately preceding the date of repayment, and the share certificates evidencing the Common Shares tendered in repayment shall be surrendered to Onsite. In the case Sycom LLC elects to repay the Note with Common Shares, Onsite's sole recourse shall be the Common Shares pledged pursuant to the Stock Pledge Agreement and no recourse shall be had against any other assets of Sycom LLC.
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Related to Loan of Funds

  • Repayment of Funds If AMO declares that an Event of Default has not been cured to its exclusive satisfaction, AMO reserves the right to declare that prior payments of Funds become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.

  • Disbursement of Funds (a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing (including Mandatory Borrowings), each Lender made available its pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Original Closing Date, such funds were made available at such earlier time as may be agreed among the Lenders, the Borrower and the Administrative Agent for the purpose of consummating the Transactions; provided further that all Swingline Loans shall be made available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m. (New York City time) on the date requested. (b) Each Lender shall make available all amounts it is to fund to the Borrower under any Borrowing for its applicable Commitments, and in immediately available funds to the Administrative Agent at the Administrative Agent’s Office and the Administrative Agent will (except in the case of Mandatory Borrowings and Borrowings to repay Unpaid Drawings) make available to the Borrower, by depositing to an account designated by the Borrower to the Administrative Agent the aggregate of the amounts so made available in the applicable currency. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available such amount to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative Agent shall promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent in the applicable currency. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Overnight Rate or (ii) if paid by the Borrower, the then-applicable rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans. (c) Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to, fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its commitments hereunder).

  • Deposit of Funds Before 11:00 A.M., New York City time, on each Redemption Date, Fundamental Change Repurchase Date or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately available on such date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the Company, as soon as practicable, any money not required for such purpose.

  • Investment of Funds NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Advance of Funds by Seller After origination, no advance of funds has been made by Seller to the related Mortgagor other than in accordance with the Mortgage Loan documents, and, to Seller’s knowledge, no funds have been received from any person other than the related Mortgagor or an affiliate for, or on account of, payments due on the Mortgage Loan (other than as contemplated by the Mortgage Loan documents, such as, by way of example and not in limitation of the foregoing, amounts paid by the tenant(s) into a lender-controlled lockbox if required or contemplated under the related lease or Mortgage Loan documents). Neither Seller nor any affiliate thereof has any obligation to make any capital contribution to any Mortgagor under a Mortgage Loan, other than contributions made on or prior to the date hereof.

  • LIST OF FUNDS This Schedule A, as may be amended from time to time, is incorporated into that certain Agency Agreement dated April 30, 2010 by and between DST Systems, Inc. and Xxxx Xxxxxx Family of Funds. Capitalized terms used herein but not defined herein in this Schedule A have the meanings given to such terms in the Agreement.

  • Escrow of Funds Subject to the terms and conditions of the Grant Agreement, OPWC will disburse to Escrow Agent Grant funds available to Recipient, which disbursement shall be made by a check sent to Escrow Agent via regular U.S. Mail, or by such other means determined by the Director in the Director’s sole discretion, prior to the closing date as scheduled under the Contract (the “Escrow Funds”). The Escrow Funds shall be held by Escrow Agent, together with any funds of Recipient made available prior to closing on the terms and conditions hereinafter set forth.

  • Commingling of Funds So long as the Company is Servicer, any collections in respect of Contracts collected by the Company shall, prior to the deposit thereof in the Certificate Account, be held in bank accounts entitled substantially as follows: "[name of depository], as agent for U.S. Bank National Association as Trustee, other trustees, and Green Tree Financial Corporation, as their interests may appear."

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