THE LOAN AGREEMENT Sample Clauses
THE LOAN AGREEMENT. The yield on the Loan Agreement, computed without regard to qualified administrative costs incurred by the Authority and paid by the Company, may not exceed the Bond Yield by more than .125%. For this purpose, qualified administrative costs include costs or expenses paid, directly or indirectly, to purchase, carry, sell or retire the Loan Agreement and costs of issuing, carrying, or repaying the Bonds. Although actual payments by the Company with respect to qualified administrative costs, such as, for instance fees paid to the Authority, may be made at any time, for purposes of calculating the yield on the Loan Agreement, a pro rata portion of each payment made by the Company is treated as a reimbursement of reasonable administrative costs, such that the present value of such payments does not exceed the present value of the reasonable administrative costs paid by the Authority, using the yield on the Bonds as the discount rate.
THE LOAN AGREEMENT. The Primary Servicer shall be responsible, with the Purchaser, for the determination and application of the Eligibility Criteria and the delivery and certification of information relating to the Receivables required to be delivered under the Loan Agreement.
THE LOAN AGREEMENT. The Guarantor acknowledges that executed (or conformed) copy of the Loan Agreement and all other documents have been made available to it and it is familiar with the contents thereof.
THE LOAN AGREEMENT. Each of the Intermediate Companies has signed the Loan Agreement and each of Amendment No. 1 and Amendment No. 2 thereto as a Parent Company Guarantor. Each of the Intermediate Companies has made certain representations and warranties and undertakings in favour of the Lender under the Loan Agreement. Each of the Intermediate Companies represents and warrants in favour of the Lender that, to the best of its knowledge, there is no misstatement of information or omission of information which makes any statement contained in the Loan Agreement false or misleading.
THE LOAN AGREEMENT. The parties hereto are parties to a USD 225,779,727.18 Existing Financing and USD 100,000,000 New Financing Top Up Term Loan agreement dated 27 October 2005 (as amended by Amendment No. 1 thereto dated 26 June 2006 and as may be further amended from time to time, the “Loan Agreement”) pursuant to which the Continuing Vessels owned by the Continuing Shipowning Companies have been financed.
THE LOAN AGREEMENT. On 11 November 2022, the Company as lender entered into the Loan Agreement with PRG as borrower, pursuant to which the Company agrees to provide the Loan (i.e. in the principal amount of up to RM5 million (equivalent to approximately HK$8.334 million) to PRG, the date, parties and the principal terms of which are set out below. Date: 11 November 2022. Parties: (i) the Company as lender; and
THE LOAN AGREEMENT. On 23 February 2021, SunTrust as borrower entered into the Loan Agreement with SA Investments as lender, pursuant to which SA Investments shall, subject to the Conditions Precedent, provide the Loan (i.e. in the principal amount of US$120,000,000 (equivalent to HK$930,000,000)) to SunTrust, the date, parties and the principal terms and conditions of which are set out as below.
THE LOAN AGREEMENT. The Borrower and the Lender are parties to a USD 225,779,737.18 existing financing, USD 100,000,000 new financing top up term loan and USD 55,000,000 additional advance agreement dated 27 October 2005 and amended by Amendment No. 1 thereto dated 26 June 2006 and Amendment No. 2 thereto dated the date hereof (as so amended and as may be further amended from time to time, the “Loan Agreement”). Pursuant to Amendment No. 2 to the Loan Agreement, among other things, an additional advance in the amount of USD 55,000,000 will be made available by the Lender to the Borrower, Stolt Achievement B.V. will be added as a Continuing Shipowning Company and XX Xxxxx Achievement will be added as a Continuing Vessel.
THE LOAN AGREEMENT. The Borrower and the Lender are parties to a USD 225,779,737.18 existing financing and USD 100,000,000 new financing top up term loan agreement (the “Loan Agreement”) dated 27 October 2005 pursuant to which, among other things, (i) the Perseverance Tranche will be allocated, on a pro rata basis, to the outstanding Tranches in respect of the Continuing Vessels, (ii) the Existing Tranches will become subject to the terms and conditions of the Loan Agreement, and (iii) the Advance, to be allocated to the New Tranches, will be disbursed to the Borrower.
THE LOAN AGREEMENT. ▪ This Credit Agreement records everything that the Borrower may need to know about the loan and encompasses the rights of both the Bank and the Borrower. The Bank undertakes to explain all the necessary terms and conditions to the Borrower and should further clarification be required on any aspect of this application.