Loan to Xxxxxxx Sample Clauses

Loan to Xxxxxxx. At Closing, Story shall make available to Xxxxxxx an interest free loan (or, at Xxxxxxx’x election, to Trecastle Holdings Ltd) of $14,000 US Dollars. The loan shall be repaid in twelve (12) equal monthly payments, which payments may be deducted from Xxxxxxx’x salary. In the event that Xxxxxxx’x employment is terminated, the unpaid balance of the loan shall be immediately due and payable.
Sample 1
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Loan to Xxxxxxx. Pursuant to the terms of the Employment Agreement and the Stock Purchase and Buy-Sell Agreement dated August 12, 1993 ("Stock Purchase Agreement") Xxxxxxx has agreed to purchase One Hundred Twenty-five Thousand (125,000) shares of restricted Common Stock of CE Software Holdings, Inc. (the "Loan Shares") for a total purchase price of Four Hundred Twenty-one Thousand Eight Hundred Seventy-five dollars and no cents ($421,875.00). This amount has been paid to CE Software Holdings, Inc. in cash of Two Thousand Five Hundred dollars and no cents ($2,500.00) and a non-interest bearing promissory note dated July 26, 1994 for Four Hundred Nineteen Thousand Three Hundred Seventy-five dollars and no cents ($419,375.00) (the "Note"). The Note remains unpaid in its entirety and CES has elected to repurchase from Xxxxxxx all of the Loan Shares in accordance with paragraph three
Sample 1
Loan to Xxxxxxx. At the Closing of the Acquisition, the Company agrees --------------- to loan to Xxxxxxx $1,728,000 pursuant to the terms of that certain Loan and Security Agreement between the Company and Xxxxxxx in substantially the form of Exhibit "A" attached hereto. ----------
Sample 1

Related to Loan to Xxxxxxx

  • Loan to Value The maximum principal amount of the Loan does not exceed one hundred twenty-five percent (125%) of the aggregate fair market value of the Properties.

  • Loan-to-Value Ratio The fraction, expressed as a percentage, the numerator of which is the original principal balance of the related Mortgage Loan and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Loan Term The loan term is one year from July 1, 2020 (calculated from the date when Party A actually lends the loan, and Party B shall issue a receipt separately) to July 1, 2021.

  • Loan Terms The Loan will be evidenced by the Note and will bear interest and be paid in accordance with the payment terms set forth in the Note.

  • Minimum Amount of Each Borrowing The aggregate principal amount of each Borrowing of Loans shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than 15 Borrowings of Euro Rate Loans.

  • Partial Prepayments Each partial prepayment of the Loans under §3.3 shall be in a minimum Dollar Equivalent amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under §3.2 and §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrowers, to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate Loans, and then to the principal of LIBOR Rate Loans).

  • General Loan Terms 18 Section 3.01

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

  • Optional Prepayment of Loans; Reimbursement of Lenders (a) The Borrowers shall have the right at any time and from time to time to prepay outstanding Revolving Loans in whole or in part, (x) with respect to LIBO Loans, upon at least two (2) Business Days’ prior written, telex or facsimile notice to the Administrative Agent prior to 11:00 a.m., Boston time, and (y) with respect to Prime Rate Loans, on any Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 1:00 p.m., Boston time, subject to the following limitations:

  • LTV No Mortgage Loan has an LTV greater than 100%;

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