Common use of Terms of the Loan Clause in Contracts

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 ninety thousand dollars (US) subject to the terms and conditions of this Agreement and the Securities. 2.2 For value received, Company promises to pay to Lender on the demand from the date of this Loan Agreement (the “Maturity Date”) the amount of the Principal which has been advanced hereunder and remains outstanding from the date of funding. 2.3 Notwithstanding the above the Company may repay at any time any or all of the Principal then outstanding and accrued and unpaid Interest on giving 20 days notice to the Lender. In this event, the Company may elect to repay the Principal at any time in advance of the Maturity Date.

Appears in 1 contract

Samples: Demand Loan Agreement (Lexaria Corp.)

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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 ninety fifty thousand dollars (USUSD) subject to the terms and conditions of this Agreement and the Securities. 2.2 For value received, Company promises to pay to Lender on the demand from first annual anniversary of the date of this Loan Agreement (the “Maturity Date”) the amount of the Principal which has been advanced hereunder and remains outstanding from the date of funding. 2.3 Notwithstanding the above the Company may repay at any time any or all of the Principal then outstanding and accrued and unpaid Interest on giving 20 days notice to the Lender. In this event, event the Company may elect to repay the Principal at any time in advance of the Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Lexaria Corp.)

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 ninety thousand dollars (US) subject to the terms and conditions of this Agreement and the Securities. 2.2 For value received, Company promises to pay to Lender on the demand from first annual anniversary of the date of this Loan Agreement (the “Maturity Date”) the amount of the Principal which has been advanced hereunder and remains outstanding from the date of funding. 2.3 Notwithstanding the above the Company may repay at any time any or all of the Principal then outstanding and accrued and unpaid Interest on giving 20 days notice to the Lender. In this event, the event that the Company may elect elects to repay the Principal at any time in advance of the Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Enertopia Corp.)

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 ninety fifty thousand dollars (US) subject to the terms and conditions of this Agreement and the Securities. 2.2 For value received, Company promises to pay to Lender on the demand from first annual anniversary of the date of this Loan Agreement (the “Maturity Date”) the amount of the Principal which has been advanced hereunder and remains outstanding from the date of funding. 2.3 Notwithstanding the above the Company may repay at any time any or all of the Principal then outstanding and accrued and unpaid Interest on giving 20 days notice to the Lender. In this event, event the Company may elect to repay the Principal at any time in advance of the Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Enertopia Corp.)

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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 ninety fifty thousand dollars (USCAD) subject to the terms and conditions of this Agreement and the Securities. 2.2 For value received, Company promises to pay to Lender on the demand from first annual anniversary of the date of this Loan Agreement (the “Maturity Date”) the amount of the Principal which has been advanced hereunder and remains outstanding from the date of funding. 2.3 Notwithstanding the above the Company may repay at any time any or all of the Principal then outstanding and accrued and unpaid Interest on giving 20 days notice to the Lender. In this event, event the Company may elect to repay the Principal at any time in advance of the Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Enertopia Corp.)

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 ninety twenty thousand dollars (USCAD) subject to the terms and conditions of this Agreement and the Securities. 2.2 For value received, Company promises to pay to Lender on the demand from first annual anniversary of the date of this Loan Agreement (the “Maturity Date”) the amount of the Principal which has been advanced hereunder and remains outstanding from the date of funding. 2.3 Notwithstanding the above the Company may repay at any time any or all of the Principal then outstanding and accrued and unpaid Interest on giving 20 days notice to the Lender. In this event, event the Company may elect to repay the Principal at any time in advance of the Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Enertopia Corp.)

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