Loan Transactions Sample Clauses
Loan Transactions. Borrower agrees to indemnify Lender and its directors, officers, employees and agents, against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all reasonable expenses of litigation or preparation therefor, whether or not the indemnified Person is a party thereto) which any of them may pay or incur arising out of or relating to any Loan Document or any of the transactions contemplated thereby or the direct or indirect application or proposed application of the proceeds of any extension of credit made available hereunder, other than those which arise from the gross negligence or willful misconduct of the Person claiming indemnification. Borrower, upon demand by Lender at any time, shall reimburse Lender for any legal or other expenses incurred in connection with investigating or defending against any of the foregoing except if the same is directly due to the gross negligence or willful misconduct of the Person to be indemnified.
Loan Transactions. Any loan provided by COSCO Finance to members of the Group will be subject to the following terms: The rate of interest which will accrue on any loan to be provided by COSCO Finance to the Group under the New Financial Services Master Agreement will be determined with reference to:
(a) market interest rates, being the interest rates set by independent third party commercial banks operating in the same or nearby service area in the PRC in their ordinary course of business on normal commercial terms for the same type of loan services, determined in accordance with the principle of fairness and reasonableness; and
(b) the interest rates charged by COSCO Finance to other parties for the same type of loan services. The daily maximum aggregate outstanding amount of loans to be provided by COSCO Finance to the Group (including any interest accrued thereon) for each of the financial years during the term of the New Financial Services Master Agreement are estimated to be: For the financial year ending 31 December 2017 For the financial year ending 31 December 2018 For the financial year ending 31 December ▇▇▇▇ ▇▇▇’ million RMB’ million RMB’ million Estimated daily maximum aggregate outstanding amount of loans (including any interest accrued) 4,000 4,000 4,000 Such transaction caps are determined with reference to (i) the historical amount of the borrowings of the Group; (ii) the adjusted estimated maximum amounts of borrowings announced by the Company on 30 March 2016; and (iii) the expected new borrowings of the Group for the three financial years ending 31 December 2019 and with a view to managing the Group’s financial risks effectively and reasonably.
Loan Transactions. Customer may use InView for purposes of debiting any deposit account enrolled in InView in order to make a payment on any loan enrolled in InView. Customer may use InView to procure an advance from any non-supervised replenishing line of credit maintained by Customer with Bank which is enrolled in InView and which has availability and to deposit such advance into any deposit account enrolled in InView. Eligibility of lines of credit for enrollment in InView is subject to Bank approval.
Loan Transactions. Notwithstanding anything in this Agreement to the contrary, (a) Seller expressly acknowledges that Custodian is not prepared to accept or Control eNotes or related Loan Documents evidencing eMortgage Loans for and on behalf of the Buyers and the Custody Agreement does not contemplate such acceptance or Control, and (b) in no event shall an eMortgage Loan constitute an Eligible Loan under this Agreement and Seller shall not sell to Buyers and Buyers shall not purchase from Seller any eMortgage Loan, unless and until, provided no Event of Default or Default is continuing, either: (i) if Custodian in its sole discretion (without being under any obligation to do so) agrees to accept and Control eNotes and related Loan Documents evidencing eMortgage Loans for and on behalf of the Buyers, (A) Agent, Custodian and Seller shall have entered in to an amended and restated Custody Agreement in form and substance satisfactory to Agent (and in such event any reference to Custody Agreement in this Agreement shall mean and refer to such amended and restated Custody Agreement, as it may be further supplemented, amended or restated from time to time), which amended and restated Custody Agreement shall, without limitation, provide for the Custodian’s acceptance and Control of eNotes and related Loan Documents evidencing eMortgage Loans which are Purchased Loans for and on behalf of Buyers, (B) if required by Agent in its sole discretion after Agent reviews the amended and restated Custody Agreement, Agent, Seller and Buyers shall have entered in to an amendment to this Agreement in form and substance satisfactory to Agent to address, without limitation, any conflicts or other issues pertaining to the provisions of the amended and restated Custody Agreement and this Agreement pertaining to eMortgage Loans, and (C) Agent shall have received all other information and documents which the Agent may reasonably have requested in connection with the transactions contemplated by this paragraph; or (ii) if Custodian elects in its sole discretion not to accept and Control eNotes and related Loan Documents evidencing eMortgage Loans for and on behalf of the Buyers, and Agent and Seller agree to use another custodian to serve as co-Custodian under this Agreement to accept and Control eNotes and related Loan Documents evidencing eMortgage Loans for and on behalf of the Buyers (the “eNote Custodian”), which eNote Custodian must be acceptable to Agent, and which eNote Custodian may be JPMo...
Loan Transactions. Simultaneously with the execution hereof and pursuant to the terms of a Senior Secured Credit Agreement with Bankers Trust Company, as Agent, the Company obtained a loan in the principal amount of $100,000,000 the proceeds of which were used in part to (a) repay in full all outstanding Funded Indebtedness of the Company immediately prior to giving effect to the Closing Transactions which Funded Indebtedness is described on Schedule 1.2 hereto (the Shareholders hereby severally represent and warrant that Schedule 1.2 accurately reflects the Funded Indebtedness of the Company prior to giving effect to the Closing
Loan Transactions. On the Backstop Date, and subject to the conditions set forth in this Section 1, upon written notice to exercise the Call Right as provided for in Section 1 and provided the Backstop Amount is greater than zero as of the Backstop Date, the Company shall deliver to the Buyer, a Note in the original principal amount of the Backstop Amount against delivery by the Buyer by wire transfer in immediately available funds of the Backstop Amount.
Loan Transactions. Transactions: Pricing terms:
(a) be no higher than the maximum rate for the same type of loans stipulated by the PBOC from time to time;
(b) make reference to market interest rates, being the interest rates charged by independent third party commercial banks and/or financial institutions providing the same type of loan services on normal commercial terms in their ordinary course of business in the same or nearby service area, and in accordance with the principle of fairness and reasonableness; and
(c) make reference to the interest rates charged by COSCO SHIPPING Finance to other members of the COSCO SHIPPING Group with the same qualities for the same type of loan in the same period of time. If any member of the Group is unable to repay the outstanding loans owing by the Group to COSCO SHIPPING Finance, COSCO SHIPPING Finance will have the right to offset such outstanding loans due from the Group against the deposits placed by the Group with COSCO SHIPPING Finance.
Loan Transactions