Tenure of the Loan Sample Clauses

Tenure of the Loan. The tenure of the Loan shall be as set out in Schedule 1.
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Tenure of the Loan. The tenure of the Loan shall be as set out in the Loan Summary Schedule attached hereto.
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Tenure of the Loan. The tenure of the Loan shall be as set out in Schedule.
Sample 1
Tenure of the Loan. 3.1 The term of the Loan agreed under this Contract is 12 months from the day of drawdown based on the actual bank transfer voucher to the corresponding day on the 12th month.
Sample 1
Tenure of the Loan. The Loan shall have a tenure of six years. The loan tenure shall start on December 20, 2011 and continue until December 19, 2017 (the contracted maturity date). The drawdown period is from December 20, 2011 to December 19, 2017. Within this period, Party B can draw down in stages. Party A shall not accept any new drawdown applications submitted beyond this period. The grace period is from December 20, 2011 to December 19, 2014, during which Party B is obligated to pay only the interest due on its loan and no principal payments have to be made. The repayment period shall begin on December 20, 2014 and end on December 19, 2017. Within this period, Party B shall repay the principal with interest at least every six months (Party A may also demand more frequent repayments in accordance with the project progress). The specific repayment plan shall be the one proposed in the drawdown application. In case of any discrepancy between the repayment date specified in the drawdown application and the one stipulated in the loan agreement, the latter shall prevail. Should installment repayment arrangements be made in the drawdown application, Party B is obligated to pay the installments at the times specified in the drawdown application. As for the maturity date, however, the one stipulated in the loan agreement shall prevail. The repayment period determined at the time of final drawdown shall not exceed the tenure of the Loan.
Sample 1

Related to Tenure of the Loan

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • 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.

  • 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.

  • Loan 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in this Agreement, the amount of one hundred million Dollars ($100,000,000), as such amount may be converted from time to time through a Currency Conversion in accordance with the provisions of Section 2.07 of this Agreement (“Loan”), to assist in financing the project described in Schedule 1 to this Agreement (“Project”).

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