Provision of Loan Sample Clauses
Provision of Loan. (a) Subject to the terms and conditions of this Agreement, the Lender shall make available a loan facility to the Borrower in the principal amount of One Million Five Hundred Thousand Dollars ($1,500,000) (USD) (the “Loan”) and the Borrower agrees to borrow the Loan.
(b) Subject to the Borrower's satisfaction or the Lender’s waiver of the conditions set forth in Article 6 of this Agreement, the Lender shall make available and release the entire principal amount of the Loan to the Borrower on the Drawdown Date (which shall be a Business Day) by wire transfer to the account designated by the Borrower, the details of which are set forth in a writing delivered by the Borrower to the Lender. Provided, the Drawdown Date shall not be later than January 15, 2019 and this Agreement, at the election of Lender, shall be null and void without liability on either party if the Drawdown Date does not occur by January 15, 2019.
Provision of Loan. (a) Subject to the terms and conditions of this Agreement, the Lender shall make available a loan facility to the Borrower in the principal amount of two hundred million U.S. dollars ($200,000,000) (the “Loan”) and the Borrower agrees to borrow the Loan.
(b) Subject to the Borrower's satisfaction or the Lender’s waiver of the conditions set forth in Article 6 of this Agreement, the Lender shall make available and release the entire principal amount of the Loan to the Borrower on the Drawdown Date (which shall be a Business Day) by wire transfer to the account designated by the Borrower, the details of which is set forth in a writing delivered by the Borrower to the Lender.
Provision of Loan. (a) Subject to the terms and conditions of this Agreement, the Lender shall make available a loan facility to the Borrower in the principal amount of two hundred million U.S. dollars ($200,000,000) (the “Loan”) and the Borrower agrees to borrow the Loan.
(b) Subject to the Borrower's satisfaction or the Lender’s waiver of the conditions set forth in Article 6 of this Agreement, the Lender shall make available and release the entire principal amount of the Loan to the Borrower on November 25th, 2009 (the "Drawdown Date") by wire transfer to the account agreed in advance by the Parties, the details of which is set forth in a writing delivered by the Borrower to the Lender.
(c) Upon the release of the Loan by the Lender, the Borrower shall immediately remit the same amount directly to the bank account designated by NPC.
Provision of Loan. After Party A reviews the “Loan and Security Agreement” and other relevant materials, Party A shall provide loans to the consumer by remitting such amount to the fund escrow account that Party B opened at Party A for purpose of repaying the rents under relevant financial lease agreement.
Provision of Loan. The Lender shall provide to the Company, an aggregate amount of up to US$650,000 (the “Principal Amount”), as follows:
1.1.1. US$300,000 shall be wired to the Company up to five (5) days from the execution of this Agreement (the “First Drawdown”).
1.1.2. The balance of up to US$350,000 shall be wired to the Company upon the execution of the definitive agreement(s) for the Transaction (the “Definitive Agreements”), provided however, that the Company shall, within three (3) business days prior to the execution of the Definitive Agreements, inform Xxxxxx in writing of the actual amount it desires to draw on account of such balance payment (the “Second Drawdown Request”).
1.1.3. It is clarified that any amount not requested by the Company under the Second Drawdown Request shall be deemed as waived by Company, unless otherwise agreed upon in writing between the Borrower and Lender.
1.1.4. For the purposes of this Loan Agreement, any reasonable costs, expenses and fees incurred by Lender for the purpose of securing repayment and/or otherwise foreclosing on the assets underlying the Security Interest (the “Expenses”), shall be deemed an amount accrued on account of the Loan Amount, provided that, insofar as the Expenses exceed NIS5,000, Xxxxxx agrees to solely seek collection of the outstanding Loan Amount (including Expenses), on account of the Personal Guarantee (as defined below), unless the Personal Guaranty is insufficient in which case the Lender may pursue collection from both.
Provision of Loan. On 17th June, 2020, the Lender (an indirect wholly-owned subsidiary of the Company) as the lender entered into the Loan Agreement with the Borrower as the borrower, pursuant to which, the Lender agreed to lend to the Borrower the Loan on the terms and subject to the conditions therein.
Provision of Loan. (a) Subject to the terms and conditions of this Agreement, immediately following the 2nd Closing, the Lender shall make available a loan facility to the Borrower and the Borrower agrees to borrow in the principal amount of eighty five million U.S. dollars ($85,000,000) (the “Loan”).
(b) Subject to the Borrower's satisfaction or the Lender’s waiver of the conditions set forth in Section 2.1(c) and Article 6 of this Agreement, the Lender shall make the entire principal amount of the Loan available to the Borrower on the Drawdown Date (which shall be a Business Day) by wire transfer to the account designated by the Borrower in a written drawing notice in form substantially as Exhibit A hereto.
Provision of Loan