Terms and Conditions of Loans Sample Clauses

Terms and Conditions of Loans. For loans requested prior to July 1, 2005:
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Terms and Conditions of Loans. In addition to the loan policy described in Section 6.10(c), all loans shall comply with the following terms and conditions: (i) An application for a loan by a Participant shall be made to the Trustee, whose action thereon shall be final. (ii) The period of repayment of any loan shall be six (6) months (or multiples thereof), but such period shall in no event exceed five (5) years from the effective date of the loan. Repayments of any loan granted under the terms of this Section shall actually be made within such period, payments shall be made not less frequently than Participants’ scheduled payroll periods, and payment shall be made in level payments. (iii) Each loan shall bear interest at a rate to be fixed by the Committee and, in determining the interest rate, the Committee shall take into consideration interest rates currently being charged on similar commercial loans by persons in the business of lending money. The Committee shall not discriminate among Participants in the matter of interest rate, but loans granted at different times may bear different interest rates. (iv) Every Participant receiving a loan hereunder will receive a statement from the Trustee clearly reflecting the charges involved in each loan transaction, including the dollar amount and annual interest rate of the finance charges. The statement will provide all information required to meet applicable Truth In Lending laws. (v) The loan shall be treated as an investment of the Participant. In his loan application each Participant may designate which of his Accounts shall be invested in the loan. In the absence of a Participant designation, the loan proceeds shall be extracted equally from each Account that may be the subject of a loan pursuant to Section 6.10(a), to the extent vested amounts are available in such Account. Each loan shall be reflected in the Account of the borrower and such loan note shall be held by the Plan until such time as the loan has been satisfied in full. See Section 5.3
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Terms and Conditions of Loans. Each Loan shall be evidenced by a written secured promissory note (a "Note") from the Participant payable to the order of the General Partner in such form as shall comply with the applicable terms and conditions of the Loan Program. In addition, any Note may include or contain other terms and conditions that are not consistent with the provisions of the Loan Program.
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Terms and Conditions of Loans. In addition to such rules and regulations as the Committee may adopt, all loans shall comply with the following terms and conditions: A. An application for a loan shall be made in writing to the Committee, whose action thereon shall be final. B. The period of repayment for any loan shall be arrived at by mutual agreement between the Committee and the borrower. The period for repayment may not exceed 5 years unless the loan proceeds are used to acquire any dwelling which, within a reasonable time, is to be used as the principal residence of the Participant. The period for repayment must in any event end before the borrower's Normal Retirement Age. C. Each loan shall be made against collateral being (1) the assignment of the borrower's entire right, title and interest in and to his accounts under Subtrust B, supported by the borrower's collateral promissory note for the amount of the loan, including interest, payable to the order of the Trustee. D. Each loan shall bear a reasonable rate of interest to be fixed by the Committee and, in determining the interest rate, the Committee shall take into consideration interest rates currently being charged. E. Any loan made by the Plan to Participants or Former Participants must be: (1) available to all such Participants or Former Participants on a reasonably equivalent basis; (2) not made to Highly Compensated Employees, officers or stockholders in a proportionally greater amount than the amount made available to other Employees; (3) made in accordance with specific provisions regarding such loans set forth in this Article; (4) subject to a reasonable rate of interest; (5) adequately secured; and (6) made only with the written consent of the Participant's spouse no earlier than the beginning of the 90-day period that ends on the date on which the loan is to be so secured in accordance with the requirements for a "Qualified Election." A new consent shall be required if the Participant's account balance is used for renegotiation, extension, renewal or other revision of the loan. F. Effective on or after December 12, 1994, loan repayments will be suspended under the Plan as permitted under Section 414(u)(4) of the Internal Revenue Code.
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Terms and Conditions of Loans. In addition to the loan policy described in Section 6.11(c), all loans shall comply with the following terms and conditions:
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Terms and Conditions of Loans. Table of PEAKS Private Student Loan Borrower Pricing Tiers Pricing for each loan is based on the Borrower’s FICO score*: Tier AGI Tier Code FICO Score Interest Rate Margin Origination Fee 1 600 790+ + 1.5% 0% 2 601 720-789 +2.5% 2% 3 602 680-719 +5% 3% 4 603 650-679 +7% 5% 5 604 600-649 +8% 7% 6 605 No credit score + 9% 8% 7 606 599 and below + 11.5% 10% * Eligible Borrowers with an Experian/Fair Xxxxx Score Code of 9002 or 9003 will be priced as if part of tier 6 (“no credit score”) Interest Rate – Refer to Section 13. Origination Fee – An Origination Fee will be added to a Loan at disbursement. This fee will be non-refundable except in cases of certain loan cancellation or refunds as described in Section 12. The applicable Origination Fee will be calculated on the Disbursed Amount and capitalized.
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Terms and Conditions of Loans. Table of PEAKS Private Student Loan Borrower Pricing Tiers Pricing for each loan is based on the Borrower’s FICO score*: Tier AGI Tier Code FICO Score Interest Rate Margin Origination Fee 1 600 790+ + 1.5% 0% 2 601 720-789 +2.5% 2% 3 602 680-719 +5% 3% 4 603 650-679 +7% 5% 5 604 600-649 +8% 7% 6 605 No credit score + 9% 8% 7 606 599 and below + 11.5% 10% For applications initiated on or after February 8th, 2011 the below increased margins will come into effect. Tier AGI Tier Code FICO Score Interest Rate Margin Origination Fee 1 607 790+ + 2.5% 0% 2 608 720-789 +3.5% 2% 3 609 680-719 +6% 3% 4 610 650-679 +8% 5% 5 611 600-649 +9% 7% 6 612 No credit score + 10% 8% 7 613 599 and below + 12.5% 10% * Eligible Borrowers with an Experian/Fair Xxxxx Score Code of 9002 or 9003 will be priced as if part of tier 6 (“no credit score”) Interest Rate – Refer to Section 13. Origination Fee – An Origination Fee will be added to a Loan at disbursement. This fee will be non-refundable except in cases of certain loan cancellation or refunds as described in Section 12. The applicable Origination Fee will be calculated on the Disbursed Amount and capitalized.
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Terms and Conditions of Loans 
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Related to Terms and Conditions of Loans

  • Conditions of Loans 5 3.1 Conditions Precedent to Initial Credit Extension.................. 5 3.2 Conditions Precedent to all Credit Extensions..................... 5

  • TERMS AND CONDITIONS OF THE NOTES The Notes shall be governed by all the terms and conditions of the Indenture, as supplemented by this First Supplemental Indenture. In particular, the following provisions shall be terms of the Notes:

  • Terms and Conditions of Use NASCAR shall have the right to use and sublicense PROMOTER’s Marks in connection with publicity, promotion or advertising of the Event and the NASCAR Sprint Cup Series, and the exploitation of Live Broadcast Rights and Ancillary Rights, provided, however, that NASCAR shall not, without the prior written consent of PROMOTER, use or sublicense the use of PROMOTER’s Marks on the branding of any retail package product, unless otherwise expressly permitted in this Agreement.

  • Terms and Conditions of the Offer Provided that this Agreement shall not have been terminated pursuant to Article X and that none of the events or circumstances set forth in clauses (C)(1) or (C)(4) of Annex A shall have occurred and be existing (and shall not have been waived by Parent), as promptly as practicable after the date hereof (but in no event more than ten Business Days thereafter), Acquisition Sub shall (and Parent shall cause Acquisition Sub to) commence (within the meaning of Rule 14d-2 promulgated under the Exchange Act) the Offer to purchase any and all of the Company Shares at a price per Company Share, subject to the terms of Section 2.1(c), equal to the Offer Price, provided that Parent and Acquisition Sub shall not be required to commence, or cause to be commenced, the Offer prior to the date on which the Company is prepared to file the Schedule 14D-9. The Offer shall be made by means of an offer to purchase all outstanding Company Shares (the “Offer to Purchase”) that is disseminated to all of the Company Stockholders and contains the terms and conditions set forth in this Agreement and in Annex A. Each of Parent and Acquisition Sub shall use its reasonable best efforts to consummate the Offer, subject to the terms and conditions hereof and thereof. The Offer shall be subject only to: (i) the condition (the “Minimum Condition”) that, prior to the expiration of the Offer, there be validly tendered and not withdrawn in accordance with the terms of the Offer a number of Company Shares that, together with the Company Shares then owned by Parent and Acquisition Sub (if any), represents at least a majority of all then outstanding Company Shares on a fully diluted basis, assuming the issuance of all Company Shares that may be issued upon the vesting, conversion or exercise of all outstanding options, warrants, convertible or exchangeable securities and similar rights that are then, or then scheduled to become, exercisable within ninety (90) days following the then scheduled expiration of the Offer in accordance with the terms and conditions thereof (other than the Top-Up Option); and (ii) the other conditions set forth in Annex A.

  • General Terms and Conditions of the Notes Section 201.

  • Terms and Conditions of Sale This Price List supersedes all previous price lists.

  • TERMS AND CONDITIONS OF OFFER This is an offer to purchase the Property in accordance with the above-stated terms and conditions of this Agreement. If at least one, but not all, of the Parties initial such pages, a counteroffer is required until an agreement is reached. The Seller has the right to continue to offer the Property for sale and to accept any other offer at any time prior to notification of acceptance. If this offer is accepted and the Buyer subsequently defaults, the Buyer may be responsible for payment of licensed real estate agent(s) compensation. This Agreement and any supplement, addendum, or modification, including any copy, may be signed in two or more counterparts, all of which shall constitute one and the same writing.

  • Terms and Conditions of Options The Options evidenced hereby are subject to the following terms and conditions:

  • Terms and Conditions of Payment Payments will be made to the Service Provider according to the payment schedule stated in the SCC. Unless otherwise stated in the SCC, the advance payment (Advance for Mobilization, Materials and Supplies) shall be made against the provision by the Service Provider of a bank guarantee for the same amount, and shall be valid for the period stated in the SCC. Any other payment shall be made after the conditions listed in the SCC for such payment have been met, and the Service Provider have submitted an invoice to the Procuring Entity specifying the amount due.

  • Terms and Conditions of Sales Shares shall be offered for sale only in those jurisdictions where they have been properly registered or are exempt from registration or for which appropriate notice filings have been made, and only to those groups of people which the Board may from time to time determine to be eligible to purchase such shares.

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