Purpose and Sum of the Loan Sample Clauses

Purpose and Sum of the Loan. 1.1 Subject to the terms and conditions set forth in this Agreement, the Lender has agreed to lend to the Borrower in the principal amount of up to RMB 127,000,000 (“Loan”) paid in RMB. Such Loan shall be interest-free throughout the term of the Loan.
Sample 1See All (13)
AutoNDA by SimpleDocs
Purpose and Sum of the Loan. 1.1 The Borrower in the principal amount of loan is RMB 23,000,000 (“Loan”). Such Loan shall be interest-free throughout the term of the Loan.
Sample 1
Purpose and Sum of the Loan. 1.1 Subject to the terms and conditions set forth in this Agreement, Lender has agreed to lend to XXX Xxxxx in the principal amount of up to RMB 16,000,000 and lend to XXX Xxxx in the principal amount of up to RMB4,000,000 (each loan principal drawn by the Borrower referred to as a “Loan”, and collectively the “Loans”), both paid in RMB. Such Loans shall be interest-free throughout the term of the Loans.
Sample 1
Purpose and Sum of the Loan. 1.1 The Lender has provided Yunfan Zhou a loan with a principal in US dollars exxxx xx XXX 1,000,000 (one million), provided Songlin Yang a loan with a principal in US dollars equal to XXX 700,000 (seven hundred thousand), provided Zhen Huang a loan with a principal in US dollars eqxxx xx XXX 300,000 (three hundred thousand) in accordance with the terms and conditions set forth in this Agreement (the principle sum involved in Agreement shall respectively refers to that of different borrowers).
Sample 1
Purpose and Sum of the Loan. 1.1 Subject to the terms and conditions set forth in this Agreement, Lender agrees to lend to Yang Cha in the principal amount of up to RMB 4,500,000 and lend to Sxxxxxx Xxxx in the principal amount of up to RMB3,500,000 (the "Loans"), the loans shall be paid in the legal tender ("USD") of the United States of America. Subject to the conditions precedent set forth below, Lender shall transfer in one lump sum the balance of the principal amount a Borrower is entitled to under this Agreement within 7 days of receipt by Lender of a drawdown request delivered by such Borrower, Borrower shall confirm in writing the receipt of the payment immediately upon the Borrower's receipt of the payment. No principal shall be disbursed unless a drawdown request in writing is delivered with 180 days of the execution of this Agreement, Borrower shall confirm in writing the receipt of the payment immediately upon the Borrower's receipt of the payment.
Sample 1

Related to Purpose and Sum of the Loan

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • Terms of the Loan 2.1 The Lender will lend to the Company, and the Company will borrow from the Lender by way of one advance to be evidenced by a promissory note in the form attached hereto as Schedule “A”, the Principal sum of fifty thousand dollars (USD) subject to the terms and conditions of this Agreement and the Securities.

  • Term of the Loan All principal, interest and other sums due under the Loan Documents shall be due and payable in full on the Maturity Date.

  • Disbursement of the Loan Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

  • Existing Loan Seller represents and warrants that the Existing Loan is the only indebtedness secured by the Property and that the information contained on Exhibit H is true, correct and complete. Neither Seller nor any guarantor is in default or breach of any provisions of the documents evidencing the Existing Loan and no event or circumstance has occurred or exists which but for the passage of time would be a default under the Existing Loan. At Closing, Buyer shall assume the Existing Loan and Buyer shall pay all administrative fees, assumption fees and underwriting costs, if any, charged by the Existing Lender in connection with said assumption. Seller shall cooperate with Buyer in Buyer’s efforts related to the assumption of the Existing Loan including executing such applications, certificates and other documents required by the Lender and providing any information required by the Lender in connection with the assumption of the Existing Loan. Seller shall be responsible for the costs of its attorneys, and Buyer shall be responsible for the costs of its attorneys. In addition, Buyer shall be responsible for the cost, if any, of Existing Lender’s attorneys, related to the assumption of the Existing Loan.

  • Conditions Precedent to Initial Loans and Letter of Credit Accommodations Each of the following is a condition precedent to Lender making the initial Loans and providing the initial Letter of Credit Accommodations hereunder:

  • Repayment of the Loan The Borrower shall repay the outstanding principal amount of the Loan in full on the Maturity Date.

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • Purpose of Loan The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • Conditions Precedent to Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

Time is Money Join Law Insider Premium to draft better contracts faster.