Loans Payable Sample Clauses

Loans Payable. The Miners Entities are obligated for loans payable in the approximate amount of NINE MILLION FIVE HUNDRED THOUSAND DOLLARS ($9,500,000), including chattel mortgages with respect to certain pieces of its equipment in the approximate amount of EIGHT MILLION DOLLARS ($8,000,000), as is reflected on the Financial Statements, as adjusted for increases in debt resulting from a waste hauling contract between the Waste Company and Waste Management, Inc. (WMI) to provide hauling services to WMI be performed in and around the State of Maryland.
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Loans Payable. 15.1 - Attached as EXHIBIT 8.A.15.1.1. are a list and complete and accurate copies of the middle-term and long-term loans and other credit facilities, including repayable subsidies, that the companies of the Ducros Group have subscribed, with an indication of the amount, term and the securities pertaining to said loans and other credit facilities.
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Loans Payable. SHORT TERM LOANS Short term loans are due within one year. These loans are secured by the land and plant of the Company, and guaranteed by a related company. These loans bear interest at prevailing lending rates in the PRC ranging from 6.36% to 8.64% per annum. A long term loan is secured by the land and plant of the Company, and guaranteed by Henan Zhongpin Industrial Company Limited and bears an interest rate ranging from 4.8% to 7.2% per annum. HENAN ZHONGPIN FOOD SHARE COMPANY LIMITED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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Loans Payable. Related Parties During the three months ended March 31, 2019, the Company entered into three loan agreements with its chief operating officer and a company owned by the chief operating officer totaling to $215,000. In January 2019, the Company’s chief operating officer loaned the Company $25,000, which is to be paid, without interest, from the proceeds of the Company’s next financing. In consideration for the loan, the Company issued 25,000 shares of its common stock to the chief operating officer, valued at $25,250, based at the market price of $1.01 per share on the date of issuance. The Company has recorded the fair value of the shares as a financing cost during the three months ended March 31, 2019. In March 2019, the Company borrowed $190,000 from the company owned by the chief operating officer. The loan is unsecured, has an interest rate of eight percent and is due on December 31, 2019. Interest expense on the loans for the three months ended March 31, 2019 was $620. No interest was paid during the three months ended March 31, 2019 and accrued interest was $620 at March 31, 2019. As of March 31, 2019, loans payable to the chief operating officer and the company owned by him of $215,000 were outstanding.
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Loans Payable. Loans in the amount of $50,000 bear interest at the rate of 18% per annum and are to be repaid on September 29, 1999.
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Loans Payable. Loans payable are unsecured, non-interest bearing and have no specific terms for repayment. Included in loans payable at September 30, 2003 is $22,340 due to the director of the Company. Note 6 Deferred Tax Assets The following table summarizes the significant components of the Company’s deferred tax assets: Total Deferred Tax Assets Non-capital losses carryforward $ 35,614 Valuation allowance for deferred tax asset ( 35,614) $ - The amount taken into income as deferred tax assets must reflect that portion of the income tax loss carryforwards that is likely to be realized from future operations. The Company has chosen to provide an allowance of 100% against all available income tax loss carryforwards, regardless of their time of expiry. Note 7
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Loans Payable. The loans payable are unsecured, non-interest bearing and have no specific terms for repayment. Included in loans payable at June 30, 2004 is $35,836 (September 30, 2003: $22,340) due to the director of the Company. SCHEDULE "B" to that Share Purchase Agreement dated for reference as of the 3rd day of September, 2004 COMPANY FINANCIAL STATEMENTS AQUA SOCIETY GMBH FRIEDBERG Financial Statements (US GAAP) BDO Deutsche Warentreuhand Aktiengesellschaft Wirtschaftsprüfungsgesellschaft ha 41/2004/6 CONTENTS Page Report of Independent Registered Public Accounting Firm 1 Balance Sheets as of July 31, 2004 and May 13, 2004 2 Statement of Operations for the Period from inception to July 31, 2004 3 Statement of Stockholders' Equity for the Period from inception to July 31, 2004 4 Statement of Cash Flows 5 Notes to Audited Financial Statements 6 SCHEDULE "C" to that Share Purchase Agreement dated for reference as of the 3rd day of September, 2004 EMPLOYMENT, SERVICE & PENSION AGREEMENTS OF THE COMPANY None. SCHEDULE "D" to that Share Purchase Agreement dated for reference as of the 3rd day of September, 2004 REAL PROPERTY & LEASES OF THE COMPANY None. SCHEDULE "E" to that Share Purchase Agreement dated for reference as of the 3rd day of September, 2004 ENCUMBRANCES ON THE COMPANY'S ASSETS None. SCHEDULE "F" to that Share Purchase Agreement dated for reference as of the 3rd day of September, 2004 COMPANY LITIGATION None. SCHEDULE "G" to that Share Purchase Agreement dated for reference as of the 3rd day of September, 2004 PURCHASER LITIGATION None. SCHEDULE "H" to that Share Purchase Agreement dated for reference as of the 3rd day of September, 2004 REGISTERED TRADEMARKS, TRADE NAMES & PATENTS OF THE COMPANY Description German Patent Application No. 101 29 047.0 Fully sintered heat exchangers in all possible geometric forms for all application purposes. German Publication No. DE 102 23 578 A 1 Device for the production of water for industrial/domestic use International Publication No. WO 01/753181 A3 Transportable Cool Box System Technology International Publication No. WO 01/753181 A2 Transportable Cool Box System Technology SCHEDULE "I" to that Share Purchase Agreement dated for reference as of the 3rd day of September, 2004 FORM OF PURCHASER WARRANTS "THE SPECIAL WARRANTS REPRESENTED BY THIS CERTIFICATE AND THE SECURITIES TO BE ISSUED UPON THE EXERCISE OF THESE SPECIAL WARRANTS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT"), AND HAVE BEEN ISSU...
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Related to Loans Payable

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Investments, Loans and Advances Purchase, hold or acquire any Equity Interests, evidences of indebtedness or other securities of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other person, except:

  • Loans and Advances The Company does not have any outstanding loans or advances to any person and is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

  • Prepayments of the Loans (a) Immediately upon receipt by Borrower or its Subsidiaries of proceeds of any (i) sale or other disposition of Collateral (excluding Accounts and Inventory) permitted under Section 7.9 in excess of $1,000,000 in the aggregate in any Fiscal Year, (ii) sale of the stock of any Subsidiary of Borrower or (iii) issuance of equity securities (other than equity issued in connection with Borrower’s Plans) or issuance of Debt (other than Guaranties) permitted under the last sentence of Section 7.13 (excluding proceeds of equity or Debt issued to finance a Permitted Acquisition but only to the extent such proceeds are received and paid to the sellers of the Target contemporaneously with the consummation of the Permitted Acquisition or contemporaneously with the date on which any other consideration is required to be paid to such sellers in connection with such Permitted Acquisition), Borrower shall prepay the Obligations in an amount equal to all such proceeds, net of (A) commissions and other reasonable and customary transaction costs, fees and expenses properly attributable to such transaction and payable by Borrower in connection therewith (in each case, paid to non-Affiliates), (B) transfer taxes, (C) amounts payable to holders of senior Liens (to the extent such Liens constitute Permitted Liens hereunder), if any, and (D) an appropriate reserve for income taxes in accordance with GAAP in connection therewith (“Net Proceeds”). Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, all Net Proceeds from a sale of Collateral subject to clause (i) above shall be applied to the Obligations without regard to the $1,000,000 exclusion set forth above. Any such prepayment required by this Section 3.3(a) shall be applied in accordance with Section 3.7.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Repayments Prepayments Interest and Fees SECTION 3.1.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Repayment of Term Loans and Revolving Facility Loans (a) Subject to the other clauses of this Section 2.10 and to Section 9.08(e),

  • Repayment and Amortization of Loans; Evidence of Debt (a) The Borrowers hereby unconditionally promise to pay (i) to the Administrative Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date, (ii) to the Administrative Agent the then unpaid amount of each Protective Advance on the earlier of the Maturity Date and demand by the Administrative Agent, and (iii) to the Administrative Agent the then unpaid principal amount of each Overadvance on the earlier of the Maturity Date and demand by the Administrative Agent.

  • Advances; Payments (i) Lenders shall refund or participate in the Swing Line Loan in accordance with clauses (iii) and (iv) of Section 1.1(c). If the Swing Line Lender declines to make a Swing Line Loan or if Swing Line Availability is zero, Agent shall notify Lenders, promptly after receipt of a Notice of Revolving Credit Advance and in any event prior to 1:00 p.m. (New York time) on the date such Notice of Revolving Advance is received, by telecopy, telephone (promptly confirmed thereafter by telecopy or other form of written transmission) or other similar form of written transmission. Each Lender shall make the amount of such Lender's Pro Rata Share of such Revolving Credit Advance available to Agent in same day funds by wire transfer to Agent's account as set forth in Annex H not later than 3:00 p.m. (New York time) on the requested funding date, in the case of an Index Rate Loan, and not later than 11:00 a.m. (New York time) on the requested funding date, in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Agent's sole discretion, before receipt of such wire transfers), subject to the terms hereof, Agent shall make the requested Revolving Credit Advance to Borrower. All payments by each Lender shall be made without setoff, counterclaim or deduction of any kind.

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