Loan Terms and Conditions. To the extent that a new or increased term loan or a replacement of the Aggregate Commitments is requested pursuant to the terms of this Agreement (any such new or increased term loan or replacement of the Aggregate Commitments, an “Accordion Tranche”), such Accordion Tranche shall, in addition to compliance with the other applicable terms of this Section 2.15, be subject to additional customary terms and conditions as are agreed among the Borrower, the Agents and the Lenders participating in such Accordion Tranche, in any event including the following:
Loan Terms and Conditions. The Lordstown School District (“District”) is loaning one Google Chromebook, and charger, (jointly “Equipment”) to the undersigned Student and Guardian(s). The Equipment is, and at all times remains, the property of the District. The District retains all ownership and title rights to the Equipment. The District retains the right to inspect the Equipment at any time and to alter, add, or delete installed hardware or software. The Equipment is lent to the Student and Guardians for educational purposes only. The Equipment must be returned to the District’s Technology Department at the end of the current school year, upon the Student’s withdrawal from the District, or upon the District’s request. The District may request that the Equipment be returned at any time. Upon such a request, the Student and Guardian(s) will immediately return the Equipment. The Student and Guardian(s) agree that the Equipment was in good working condition when the Equipment was loaned. The Student and Guardian(s) further agree that they are responsible for properly caring for the Equipment and ensuring that it is returned to District in the same condition in which it was lent. The Student and Guardian(s) will prevent the Equipment from being defaced, damaged or destroyed in any way.1 The Student will take all reasonable precautions to ensure that the Equipment is not infected by any electronic virus or other malware. Inappropriate use of the Equipment may result in the Student losing the privilege to use the Equipment. The Student and Guardian(s) agree that they are financially responsible for the total repair or replacement cost of the Equipment if it is not returned or if 1 The term “damaged” includes, but is not limited to, physical damage, altering or interfering with the normal operation of software, and installing or downloading software without prior consent from the District. it is returned in a different condition from the condition in which it was lent. The Equipment may be used by the Student only for noncommercial purposes, in accordance with the District’s policies and rules, the District’s Acceptable Use Policy, the District’s Student Handbooks, the Chromebook Agreement, and all federal, state, and local laws. The Student and Guardian(s) agree not to install or use any software, apps, operating systems, or programs other than those owned or approved by the District. One user with specific privileges and capabilities has been set up on the Equipment for the exclusive use...
Loan Terms and Conditions. To the extent that an Accordion Advance is requested pursuant to the terms of this Agreement, such Accordion Advance shall, in addition to compliance with the other applicable terms of this Section 2.14, be subject to additional customary terms and conditions as are agreed among the Borrower, the Administrative Agent and the Lenders participating in such Accordion Advance, in any event including the following:
Loan Terms and Conditions. (a) A Participant's loans shall be derived solely from the Participant's Account. A Participant may only have one loan outstanding at a time. The minimum loan available is $1,000. The maximum loan available will be the lesser of (A) 50% of the Vested portion of a Participant's Account including any outstanding loan balance determined as of the Participant's Loan Election Date (provided, however, that any withdrawals made pursuant to Article IX, on or after the Loan Election Date and before the receipt of the promissory note and security agreement by the Plan Administrator, shall reduce the available Vested portion of a Participant's Account) minus any outstanding loan balance on the Loan Election Date, or (B) $50,000, less the highest combined outstanding principal balance of all loans at any time during the prior 12-month period. For purposes of this limitation, all loans from all qualified plans maintained by the Company or by any Affiliated Company.
(b) Each loan shall be evidenced by a promissory note and security agreement setting forth the Participant's obligation to repay the borrowed amount to the Plan, in such form and with such provisions consistent with this Article XII as is acceptable to the Company. Loans shall bear a reasonable interest rate equal to the prevailing rate charged by lenders for similar loans as determined by the Company.
(c) Loans shall not be made available to Participants who are Highly Compensated Employees in an amount greater than the amount made available to other Participants.
(d) All loans shall be adequately secured. A loan shall be deemed to be adequately secured if the aggregate amount of all such loans to a Participant does not exceed 50% of the Vested amount of the Participant's Account Balance at the time of the making of such loan.
(e) The period for repayment of a loan issued pursuant to this Article XII must, by the terms of the note, be for a period not less than one month nor exceed a period of five years. Notwithstanding the above, if the purpose or use of the loan, as determined at the time of issuance, is to acquire any dwelling unit which within a reasonable time is to be used as the principal residence of the Participant, the period for repayment of the loan may be extended to 25 years. Any outstanding loan balance may be prepaid in full on any Valuation Date without penalty. (Partial repayment is not permitted.)
(f) A Participant's Account will be charged a one-time non-refundable fee of $50 for initia...
Loan Terms and Conditions. Subject to the terms and conditions contained in this Agreement, Bank agrees to make the Loan to Borrower. The Loan shall be evidenced by the Note, repayment of which shall be secured by, among other things, the Deed of Trust, Security Documents and such other collateral as may be required by Bank. Interest shall accrue and principal and interest shall be payable in accordance with the terms of the Note.
Loan Terms and Conditions. Subject to the terms and conditions contained in this Agreement, as may be modified by the provisions of Section 3.4 of the Funding Loan Agreement, Governmental Lender agrees to make the Borrower Loan to Borrower. The repayment of all amounts due in connection with the Borrower Loan shall be secured by, among other things, the Deed of Trust, the Security Documents and such other collateral as may be required by Bank. Interest shall accrue and principal and interest shall be payable in accordance with the terms of this Agreement.
Loan Terms and Conditions. Loan approval is contingent on LPI Loans’ standard underwriting procedures. The loan amount, interest rate, and repayment terms will be outlined in the individual loan agreement signed by the customer. LPI Loans will disburse the loan amount directly to the Dealer upon successful loan approval and completion of customer documentation.
Loan Terms and Conditions. 3.1. Financial Facility Agreement # -------------------------
3.2. Date of Financial Facility Agreement 27.04.2016
3.3. Loan amount USD ------------------------
3.4. Loan term -- month
3.5. Interest rate ---% p.a.
3.6. Loan issue commission 2% of loan amount
3.7. Commission for loan term extension: 0%
3.8. Loan repayment as per the attached schedule 3.9. Penalty for delay 0.2% of the outstanding principal and 0% of interest arrears per each day of delay till complete fulfillment of the obligations
Loan Terms and Conditions. Cash On Go Ltd of 00 Xxxx Xxxxxx, X0 0XX, Xxxxxxxxxx ("We" or "Our" or "Us")
Loan Terms and Conditions. If converted to a Loan, it will be for a term of 5 years at a n simple interest rate of 8.25%, collateralized against the personal guarantee of the owner of the business or against the assets of the nonprofit entity. For example, if $60,000 grant funds provide are converted into a loan, one’s payment would resemble the following example: Monthly Payment: 1,223.78 Principal Paid: 60,000.00 Interest Paid: 13,426.51 Total Paid: 73,426.51 The Recipient covenants as follows:
