Loans General Terms Sample Clauses

Loans General Terms. 12 2.1 Revolving Loan.......................................................12 2.2 Maximum Principal Amount.............................................12 2.3 Maturity Date; Termination of Loans..................................12 2.4 Authorized Disbursement of Proceeds..................................13
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Loans General Terms. 2.1 Except as otherwise provided in notes or other instruments issued and/or made by Borrower to Lender specifically containing provisions in conflict with this Paragraph (in which event the conflicting provisions of said notes or other instruments shall govern and control) that portion of Borrower's Liabilities consisting of: (a) principal payable on account of any Loan shall be payable by Borrower to Lender, on demand; (b) Costs, fees and expenses payable by Borrower to Lender shall be payable to Lender or to such other Person or Persons designated by Lender, on demand; (c) interest payable by Borrower to Lender shall be payable by Borrower monthly, and prior to demand, only if and to the extent that borrower's cash flow for any month shall exceed Borrower's expenses and debt service for such month; and (d) the balance of Borrower's Liabilities, if any, shall be payable by Borrower to Lender on demand. All of such payments to Lender shall be payable at Lender's principal place of business specified at the beginning of this Agreement or at such other place or places as Lender may designate in writing to Borrower. All of such payments to Persons other than Lender shall be payable at such place or places as Lender may designate in writing to Borrower. 2.2 Any Loan may or may not (at Lender's sole and absolute discretion) be evidenced by additional notes or other instruments issued or made by Borrower to Lender. Where any Loan is not so evidenced, it shall be evidenced solely by entries upon the ledgers, books, records and/or computer records of Lender maintained for that purpose. 2.3 All of Borrower's Liabilities shall constitute one obligation secured by Lender's security interest, lien or encumbrance in or upon the Collateral and by all other security interests, liens, claims and encumbrances heretofore, now and/or from time to time hereafter granted. by Borrower and/or any Guarantor to Lender. 2.4 Borrower warrants and represents to Lender that Borrower shall use the proceeds of each Loan solely for business purposes and consistently with all applicable laws and statutes. Borrower further warrants and represents to Lender and covenants with Lender that Borrower is not in the business of extending credit for the purpose of purchasing or carrying margin Stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of the Loan will be used to purchase or carry any margin Stock or to extend credit ...
Sample 1
Loans General Terms. 9 2.1. REVOLVING LOAN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.2. MAXIMUM PRINCIPAL AMOUNT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2.3. MATURITY DATE; TERMINATION OF LOANS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Sample 1
Loans General Terms. 5.1 Payments to Bank; Defaulting Bank. That portion of Borrower's Liabilities consisting of: (a) principal payable on account of the Loans made by Bank to Borrower pursuant to this Agreement shall be payable by Borrower to Bank, (i) as provided in the Revolving Note in respect of the Revolving Loans, (ii) as provided herein in the Acquisition Note in respect of the Acquisition Loan, and (iii) as provided in the Term Note in respect of the Term Loan; (b) costs, fees and expenses payable pursuant to this Agreement shall be payable by Borrower to Bank on demand; (c) interest payable pursuant to this Agreement shall be payable by Borrower to Bank, as provided in Paragraph 4.1; and (d) the balance of Borrower's Liabilities, if any, shall be payable by Borrower to Bank as and when provided in this Agreement or the Other Agreements.
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Loans General Terms 
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Related to Loans General Terms

  • General Terms For purposes of this Agreement the following terms shall have the following meanings:

  • Definitions Generally Wherever required by the context of this Agreement, the singular shall include the plural and vice versa, and the masculine gender shall include the feminine and neuter genders and vice versa, and references to any agreement, document or instrument shall be deemed to refer to such agreement, document or instrument as amended, supplemented or modified from time to time. When used herein: (a) the word “or” is not exclusive; (b) the words “including,” “includes,” “included” and “include” are deemed to be followed by the words “without limitation”; (c) the terms “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision; (d) the word “person” means any individual, corporation, limited liability company, trust, joint venture, association, company, partnership or other legal entity or a government or any department or agency thereof or self-regulatory organization; and (e) all section, paragraph or clause references not attributed to a particular document shall be references to such parts of this Agreement, and all exhibit, annex and schedule references not attributed to a particular document shall be references to such exhibits, annexes and schedules to this Agreement.

  • Terms Generally The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.

  • Original Terms to Maturity The original term to maturity of substantially all of the Mortgage Loans included in the Mortgage Pool shall be between 20 and 30 years.

  • General Terms and Conditions During the term of this Contract, Contractor agrees to procure and maintain insurance which meets all County’s requirements in the General Terms and Conditions.

  • Definitions and Other Provisions of General Application SECTION 101.

  • General Terms and Conditions of the Notes Section 201.

  • Amendments Generally This Declaration of Trust may be restated and/or amended at any time by an instrument in writing signed by not less than a majority of the Board of Trustees and, to the extent required by this Declaration of Trust, the 1940 Act or the requirements of any securities exchange on which Shares are listed for trading, by approval of such amendment by the Shareholders in accordance with Article III, Section 6 hereof and Article V hereof. Any such restatement and/or amendment hereto shall be effective immediately upon execution and approval or upon such future date and time as may be stated therein. The Certificate of Trust shall be restated and/or amended at any time by the Board of Trustees, without Shareholder approval, to correct any inaccuracy contained therein. Any such restatement and/or amendment of the Certificate of Trust shall be executed by at least one (1) Trustee and shall be effective immediately upon its filing with the office of the Secretary of State of the State of Delaware or upon such future date as may be stated therein.

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • Plural Terms All terms defined in this Agreement or any other Credit Document in the singular form shall have comparable meanings when used in the plural form and vice versa.

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