Singapore Dollar Loan Clause Samples
The Singapore Dollar Loan clause defines the terms and conditions under which a loan is provided in Singapore Dollars (SGD). It typically specifies that all disbursements, repayments, and interest calculations are to be made in SGD, and may address issues such as currency conversion if the borrower's primary operations are in another currency. This clause ensures clarity regarding the currency of the loan, thereby minimizing the risk of exchange rate fluctuations and misunderstandings between the parties.
Singapore Dollar Loan. Date Amount ofAdvance Amount ofPrincipal Paidor Prepaid UnpaidPrincipalBalance NotationMade By Exh. A - 3
Singapore Dollar Loan. Subject to and upon the terms and conditions set forth herein, each Lender with a Singapore Dollar Commitment severally agrees, on the terms and conditions hereinafter set forth, to make the Singapore Dollar Loan in Singapore Dollars available to one or more Singapore Borrowers during the Delayed Draw Period; provided, however, that (A) the minimum amount of each Borrowing pursuant to the Singapore Dollar Loan shall be in an aggregate amount not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof, or, if less, the aggregate then remaining unfunded Commitments allocable thereto, (B) the aggregate minimum amount of all Borrowings in respect of a Simultaneous Advance under the 2024 5-Year Term Loan shall be $50,000,000 (or the Equivalent thereof) (and in integral multiples of $100,000 (or the Equivalent thereof) in excess thereof) or, if less, the aggregate then remaining unfunded Commitments allocable thereto, (C) there shall not be more than four Simultaneous Advances in the aggregate in respect of the 2024 5-Year Term Loan, (D) each Borrowing shall be subject to the conditions in Section 3.02 having been satisfied and (E) the aggregate amounts advanced to the Singapore Borrowers pursuant to this Section 2.01(a)(v) shall not exceed the aggregate Singapore Dollar Commitments.
Singapore Dollar Loan. Subject to and upon the terms and conditions set forth herein, each Lender with a Singapore Dollar Commitment severally agrees, on the terms and conditions hereinafter set forth, to make the Singapore Dollar Loan in Singapore Dollars as a single Advance to the Initial Singapore Borrower on the Initial Borrowing Date; provided, however, that a portion of the Singapore Dollar Loan in the minimum amount of S$5,000,000 (and in integral multiples of S$100,000 in excess thereof) or, if less, the aggregate then remaining unfunded Commitments allocable thereto (the “Singapore Dollar Delayed Draw Tranche”) may be advanced to the Singapore Borrowers pursuant to one or more Advances during the Delayed Draw Period; provided further that (A) the conditions in Section 3.02 shall have been satisfied and (B) the aggregate amounts advanced to the Singapore Borrowers pursuant to the Singapore Dollar Delayed Draw Tranche shall not exceed the Commitments therefor, if any, set forth in Schedule I.