LOANS AND TERM OF A LOAN Sample Clauses

LOANS AND TERM OF A LOAN. On or before a Draw Down Notice Date, the Lender shall offer to lend the Borrower Shares in the Company by delivering a written offer signed by the Lender (the “Offer”) which in aggregate shall be not less than one hundred per cent (100%) of the Draw Down Amount stipulated in the relevant Draw Down Notice which shall contain the following information:‌ the number and details of Shares (the “Loan Shares”) which will be lent by the Lender (the “Loan Amount”) which shall not be less than one hundred per cent (100%) of the Draw Down Amount stipulated in the relevant Draw Down Notice; the date of delivery of the Loan Shares by the Lender to the Borrower (the “Delivery Date”), which, unless otherwise agreed in writing with the Borrower, shall be the Draw Down Notice Date; the delivery procedure for delivery of Loan Shares to the Borrower applied by the involved clearing-institution (the “Delivery Procedure”); and the securities sub-account to which the Loan Shares will be delivered (the “Securities Account”), which shall be a securities sub-account which the Borrower has established with its appointed depository agent (the “Depository Agent”) and which the Borrower has notified the Lender in writing, such notification being binding on the parties until another securities sub-account is designated by the Borrower and notified to the Lender in writing. The Borrower shall, subject to Clause 2.3, provide instructions to its Depository Agent to receive the Shares delivered pursuant to the Offer. For avoidance of doubt, the provision of such instructions is without prejudice to the Borrower’s right to object to the Offer and/or refuse the delivery of the Loan Shares pursuant to Clause 2.3. The Borrower may object to the Offer or to the inclusion or delivery of particular Loan Shares by 5:00 pm in Singapore on the second (2nd) Trading Day immediately following the applicable Draw Down Notice Date (or as soon as reasonably practicable thereafter). The Lender shall deliver the Loan Shares for which no objection by the Borrower has been made to the Securities Account on the Delivery Date and the Borrower shall be bound to accept delivery of such Loan Shares, provided that the Borrower shall be entitled to object to the Offer and/or not to accept the delivery of all or part of the Loan Shares if to do so would:‌ require the Borrower or the Borrower and its concert parties to make a general mandatory offer for all the issued Shares in the Company; result in a breach of the ...
Sample 1
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LOANS AND TERM OF A LOAN. 2.1 On or before a Draw Down Notice Date, the Lender shall offer to lend the Borrower Shares in the Company by delivering a written offer signed by the Lender (the “Offer”) which in aggregate shall be equal to one hundred per cent (100%) of the Draw Down Amount stipulated in the relevant Draw Down Notice which shall contain the following information:
Sample 1

Related to LOANS AND TERM OF A LOAN

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  • Amounts and Terms of the Loans 2.1 Commitments 12 2.2 Note 12 2.3 Principal Payments; Maturity of Loans 13 2.4 Interest 13 2.5 Fees 15 2.6 Termination or Reduction of Commitments 15 2.7 General Provisions as to Payments 15 2.8 Disbursement of Loan Proceeds 15 2.9 Use of Proceeds 15 2.10 Taxes 15 2.11 Illegality 16

  • Amounts and Terms of the Advances and Letters of Credit SECTION 2.01. The Advances and Letters of Credit. (a)

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  • AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Revolving Advances and Letters of Credit 19 SECTION 2.02 Making the Revolving Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV

  • Amount and Terms of Loan The Borrower agrees to borrow from IREDA and IREDA agrees to lend to the Borrower, on the terms and conditions contained herein as also in the General Conditions, the sum mentioned in Schedule-I amounting to Rs. lakhs (Rupees only) . The said sums are hereinafter referred to as "the Loan".

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