{"component": "clause", "props": {"groups": [{"samples": [{"hash": "dNsdMHGp1Tv", "uri": "/contracts/dNsdMHGp1Tv#the-loan", "label": "Loan Agreement", "score": 24.1744861603, "published": true}, {"hash": "aLxQI89fVyT", "uri": "/contracts/aLxQI89fVyT#the-loan", "label": "Loan Agreement", "score": 24.1697711945, "published": true}, {"hash": "hgIhd2vQnkG", "uri": "/contracts/hgIhd2vQnkG#the-loan", "label": "Loan Agreement", "score": 21.9664611816, "published": true}], "snippet_links": [{"key": "agrees-to", "type": "clause", "offset": [22, 31]}, {"key": "to-the-borrower", "type": "clause", "offset": [37, 52]}, {"key": "ordinary-capital-resources", "type": "clause", "offset": [64, 90]}, {"key": "from-time-to-time", "type": "clause", "offset": [180, 197]}, {"key": "currency-conversion", "type": "clause", "offset": [208, 227]}, {"key": "in-accordance-with", "type": "definition", "offset": [228, 246]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [247, 272]}, {"key": "this-loan-agreement", "type": "definition", "offset": [281, 300]}], "snippet": "Section 2.01. (a) ADB agrees to lend to the Borrower from ADB's ordinary capital resources an 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 2.06 of this Loan Agreement.", "size": 385, "hash": "dab4e6548984f069c1d0d93a0cbec3d5", "id": 1}, {"samples": [{"hash": "lA18Rd6tdWZ", "uri": "/contracts/lA18Rd6tdWZ#the-loan", "label": "Project Grant/Loan Agreement", "score": 25.0520191193, "published": true}, {"hash": "9ueyyQoZfGG", "uri": "/contracts/9ueyyQoZfGG#the-loan", "label": "Project Grant/Loan Agreement", "score": 25.0520191193, "published": true}, {"hash": "kzNQSBN6zfZ", "uri": "/contracts/kzNQSBN6zfZ#the-loan", "label": "Project Grant/Loan Agreement", "score": 25.049282074, "published": true}], "snippet_links": [{"key": "terms-and-conditions-of-the-agreement", "type": "clause", "offset": [7, 44]}, {"key": "recipient-shall", "type": "clause", "offset": [136, 151]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [176, 196]}, {"key": "eligible-project-costs", "type": "definition", "offset": [293, 315]}, {"key": "advance-payment", "type": "clause", "offset": [355, 370]}, {"key": "loan-shall", "type": "definition", "offset": [420, 430]}, {"key": "to-the-recipient", "type": "definition", "offset": [456, 472]}, {"key": "section-vi", "type": "clause", "offset": [485, 495]}, {"key": "repayment-of-the-loan", "type": "clause", "offset": [527, 548]}, {"key": "the-note", "type": "clause", "offset": [574, 582]}, {"key": "payments-required", "type": "definition", "offset": [612, 629]}], "snippet": "On the terms and conditions of the Agreement which are incorporated herein and made a part hereof, the OPWC shall lend to Recipient and Recipient shall borrow from the OPWC an amount not to exceed Fifty Thousand Dollars ($50,000), the proceeds of which shall be utilized solely to finance the Eligible Project Costs and/or reimburse the Recipient for its advance payment of such Eligible Project Costs (the \"Loan\"). The Loan shall be disbursed by the OPWC to the Recipient pursuant to Section VI of the Agreement. The terms of repayment of the Loan shall be as set forth in the Note and Recipient shall make all payments required to be made under the Note as and when due.", "size": 192, "hash": "8e1805f669252256693e20be2d5679db", "id": 3}, {"samples": [{"hash": "lRVKyF3cYRy", "uri": "/contracts/lRVKyF3cYRy#the-loan", "label": "Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)", "score": 33.5147171021, "published": true}, {"hash": "9lIArGe4Ymq", "uri": "/contracts/9lIArGe4Ymq#the-loan", "label": "Loan Agreement (Industrial Logistics Properties Trust)", "score": 33.1587944031, "published": true}, {"hash": "6fx0W0fUPZb", "uri": "/contracts/6fx0W0fUPZb#the-loan", "label": "Loan Agreement (Orion Office REIT Inc.)", "score": 33.120464325, "published": true}], "snippet_links": [{"key": "subject-to-and-upon", "type": "clause", "offset": [0, 19]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [20, 44]}, {"key": "agrees-to", "type": "clause", "offset": [77, 86]}, {"key": "borrower-hereby", "type": "definition", "offset": [96, 111]}, {"key": "the-closing-date", "type": "clause", "offset": [141, 157]}], "snippet": "Subject to and upon the terms and conditions set forth herein, Lender hereby agrees to make and Borrower hereby agrees to accept the Loan on the Closing Date.", "size": 220, "hash": "a6f963fa20d498b8b8f3102d32276f30", "id": 2}, {"samples": [{"hash": "kdOelgq6RUY", "uri": "/contracts/kdOelgq6RUY#the-loan", "label": "Loan Agreement", "score": 21.0, "published": true}, {"hash": "jlI1VFJGgau", "uri": "/contracts/jlI1VFJGgau#the-loan", "label": "Loan Agreement", "score": 21.0, "published": true}, {"hash": "ijk61xvbYW3", "uri": "/contracts/ijk61xvbYW3#the-loan", "label": "Loan Agreement", "score": 21.0, "published": true}], "snippet_links": [{"key": "agrees-to", "type": "clause", "offset": [23, 32]}, {"key": "to-the-borrower", "type": "clause", "offset": [38, 53]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [58, 82]}, {"key": "the-loan-agreement", "type": "clause", "offset": [111, 129]}, {"key": "aggregate-value", "type": "clause", "offset": [169, 184]}, {"key": "sum-of", "type": "clause", "offset": [267, 273]}, {"key": "withdrawals-of", "type": "definition", "offset": [274, 288]}, {"key": "proceeds-of-the-loan", "type": "clause", "offset": [293, 313]}, {"key": "by-the-bank", "type": "clause", "offset": [343, 354]}, {"key": "date-of", "type": "clause", "offset": [365, 372]}, {"key": "amount-of-the-loan", "type": "clause", "offset": [412, 430]}, {"key": "the-loan-account", "type": "clause", "offset": [453, 469]}, {"key": "in-accordance-with", "type": "definition", "offset": [470, 488]}, {"key": "the-provisions-of", "type": "clause", "offset": [489, 506]}, {"key": "schedule-1", "type": "definition", "offset": [507, 517]}, {"key": "agreement-for", "type": "clause", "offset": [526, 539]}, {"key": "the-bank-shall", "type": "clause", "offset": [566, 580]}, {"key": "in-respect-of", "type": "definition", "offset": [603, 616]}, {"key": "services-required", "type": "definition", "offset": [650, 667]}, {"key": "the-project", "type": "clause", "offset": [672, 683]}, {"key": "schedule-2", "type": "clause", "offset": [697, 707]}], "snippet": "Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of one hundred million dollars ($100,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal.\nSection 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan.", "size": 145, "hash": "5f9334eecb70a89fe4668eb7c0277c78", "id": 6}, {"samples": [{"hash": "khWfBcEdiXA", "uri": "/contracts/khWfBcEdiXA#the-loan", "label": "Loan Agreement", "score": 26.5400409698, "published": true}, {"hash": "akzs3kgGlRE", "uri": "/contracts/akzs3kgGlRE#the-loan", "label": "Loan Agreement", "score": 21.0, "published": true}, {"hash": "jgo18eOiFDA", "uri": "/contracts/jgo18eOiFDA#the-loan", "label": "Loan Agreement", "score": 19.2299385071, "published": true}], "snippet_links": [{"key": "agrees-to", "type": "clause", "offset": [23, 32]}, {"key": "to-the-borrower", "type": "clause", "offset": [38, 53]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [58, 82]}, {"key": "the-loan-agreement", "type": "clause", "offset": [111, 129]}, {"key": "equal-to", "type": "definition", "offset": [141, 149]}, {"key": "amount-of-the-loan", "type": "clause", "offset": [216, 234]}, {"key": "the-loan-account", "type": "clause", "offset": [257, 273]}, {"key": "in-accordance-with", "type": "definition", "offset": [274, 292]}, {"key": "the-provisions-of", "type": "clause", "offset": [293, 310]}, {"key": "schedule-1", "type": "definition", "offset": [311, 321]}, {"key": "agreement-for", "type": "clause", "offset": [330, 343]}, {"key": "the-bank-shall", "type": "clause", "offset": [370, 384]}, {"key": "in-respect-of", "type": "definition", "offset": [407, 420]}, {"key": "services-required", "type": "definition", "offset": [454, 471]}, {"key": "the-project", "type": "clause", "offset": [476, 487]}, {"key": "proceeds-of-the-loan", "type": "clause", "offset": [518, 538]}, {"key": "the-fee", "type": "clause", "offset": [557, 564]}], "snippet": "Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, an amount equal to two hundred million Dollars ($200,000,000).\nSection 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project and to be financed out of the proceeds of the Loan and in respect of the fee referred to in Section 2.04 of this Agreement.", "size": 180, "hash": "948c96cef4b864169cea9ed63cada967", "id": 4}, {"samples": [{"hash": "gFYVve4ypb2", "uri": "/contracts/gFYVve4ypb2#the-loan", "label": "Loan Agreement", "score": 21.0, "published": true}, {"hash": "eWnTlKlY9gs", "uri": "/contracts/eWnTlKlY9gs#the-loan", "label": "Loan Agreement", "score": 21.0, "published": true}, {"hash": "9qRgOlAx6M9", "uri": "/contracts/9qRgOlAx6M9#the-loan", "label": "Loan Agreement", "score": 21.0, "published": true}], "snippet_links": [{"key": "agrees-to", "type": "clause", "offset": [23, 32]}, {"key": "to-the-borrower", "type": "clause", "offset": [38, 53]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [58, 82]}, {"key": "the-loan-agreement", "type": "clause", "offset": [111, 129]}, {"key": "aggregate-value", "type": "clause", "offset": [169, 184]}, {"key": "sum-of", "type": "clause", "offset": [273, 279]}, {"key": "withdrawals-of", "type": "definition", "offset": [280, 294]}, {"key": "proceeds-of-the-loan", "type": "clause", "offset": [299, 319]}, {"key": "by-the-bank", "type": "clause", "offset": [349, 360]}, {"key": "date-of", "type": "clause", "offset": [371, 378]}, {"key": "amount-of-the-loan", "type": "clause", "offset": [418, 436]}, {"key": "the-loan-account", "type": "clause", "offset": [459, 475]}, {"key": "in-accordance-with", "type": "definition", "offset": [476, 494]}, {"key": "the-provisions-of", "type": "clause", "offset": [495, 512]}, {"key": "schedule-1", "type": "definition", "offset": [513, 523]}, {"key": "agreement-for", "type": "clause", "offset": [532, 545]}, {"key": "the-bank-shall", "type": "clause", "offset": [572, 586]}, {"key": "in-respect-of", "type": "definition", "offset": [609, 622]}, {"key": "services-required", "type": "definition", "offset": [656, 673]}, {"key": "the-project", "type": "clause", "offset": [678, 689]}, {"key": "schedule-2", "type": "clause", "offset": [703, 713]}], "snippet": "Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of one hundred fifty million dollars ($150,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal.\nSection 2.02. (a) The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for expenditures made (or, if the Bank shall so agree, to be made) in respect of the reasonable cost of goods and services required for the Project described in Schedule 2 to this Agreement and to be financed out of the proceeds of the Loan.", "size": 176, "hash": "fec9174d40a29343f59b7d4ddb53c114", "id": 5}, {"samples": [{"hash": "6qgkvh4Tze0", "uri": "/contracts/6qgkvh4Tze0#the-loan", "label": "Loan Agreement", "score": 19.0342235565, "published": true}, {"hash": "PJG3nwEJjt", "uri": "/contracts/PJG3nwEJjt#the-loan", "label": "Loan Agreement", "score": 19.0082130432, "published": true}], "snippet_links": [{"key": "agrees-to", "type": "clause", "offset": [18, 27]}, {"key": "to-the-borrower", "type": "clause", "offset": [33, 48]}, {"key": "special-funds-resources", "type": "definition", "offset": [60, 83]}, {"key": "special-drawing-rights", "type": "definition", "offset": [178, 200]}, {"key": "the-borrower-shall", "type": "clause", "offset": [222, 240]}, {"key": "pay-to", "type": "definition", "offset": [241, 247]}, {"key": "interest-charge", "type": "definition", "offset": [255, 270]}, {"key": "rate-of", "type": "clause", "offset": [278, 285]}, {"key": "per-annum", "type": "clause", "offset": [303, 312]}, {"key": "the-grace-period", "type": "clause", "offset": [320, 336]}, {"key": "the-loan-account", "type": "clause", "offset": [437, 453]}, {"key": "from-time-to-time", "type": "clause", "offset": [470, 487]}, {"key": "the-term", "type": "clause", "offset": [493, 501]}, {"key": "the-period", "type": "clause", "offset": [564, 574]}, {"key": "prior-to", "type": "definition", "offset": [575, 583]}, {"key": "principal-amount-of-the-loan", "type": "definition", "offset": [605, 633]}, {"key": "payment-date", "type": "clause", "offset": [641, 653]}, {"key": "in-accordance-with", "type": "definition", "offset": [654, 672]}, {"key": "amortization-schedule", "type": "definition", "offset": [677, 698]}, {"key": "schedule-2", "type": "clause", "offset": [712, 722]}, {"key": "this-loan-agreement", "type": "definition", "offset": [726, 745]}, {"key": "other-charge", "type": "definition", "offset": [789, 801]}, {"key": "loan-shall", "type": "definition", "offset": [809, 819]}, {"key": "each-year", "type": "definition", "offset": [874, 883]}, {"key": "the-principal-amount", "type": "definition", "offset": [924, 944]}, {"key": "principal-of", "type": "definition", "offset": [1129, 1141]}, {"key": "payment-of-the-interest", "type": "clause", "offset": [1171, 1194]}, {"key": "for-the-purposes-of-sections", "type": "clause", "offset": [1202, 1230]}], "snippet": "Section 2.01. ADB agrees to lend to the Borrower from ADB's Special Funds resources an amount in various currencies equivalent to seven million six hundred ninety eight thousand Special Drawing Rights (SDR 7,698,000).\n(a) The Borrower shall pay to ADB an interest charge at the rate of one percent (1%) per annum during the grace period, and one and one-half percent (1.5%) per annum thereafter, on the amount of the Loan withdrawn from the Loan Account and outstanding from time to time.\n(b) The term \"grace period\" as used in paragraph (a) of this Section means the period prior to payment of the first principal amount of the Loan on the payment date in accordance with the amortization schedule set forth in Schedule 2 to this Loan Agreement.\nSection 2.03. The interest charge and any other charge on the Loan shall be payable semiannually on 1 March and 1 September in each year.\nSection 2.04. The Borrower shall repay the principal amount of the Loan withdrawn from the Loan Account in accordance with the amortization schedule set forth in Schedule 2 to this Loan Agreement.\nSection 2.05. The currency of repayment of the principal of the Loan and the currency of payment of the interest charge for the purposes of Sections 4.03(a) and 4.04 of the Loan Regulations shall be Dollar.", "size": 86, "hash": "69889c04ecd2e15c26f7a2bef520a3af", "id": 10}, {"samples": [{"hash": "euA9a64Ml2n", "uri": "/contracts/euA9a64Ml2n#the-loan", "label": "Project Grant/Loan Agreement", "score": 31.9671440125, "published": true}, {"hash": "lc71ieQI4zP", "uri": "/contracts/lc71ieQI4zP#the-loan", "label": "Project Grant/Loan Agreement", "score": 24.2717323303, "published": true}], "snippet_links": [{"key": "terms-and-conditions-of-the-agreement", "type": "clause", "offset": [7, 44]}, {"key": "recipient-shall", "type": "clause", "offset": [136, 151]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [176, 196]}, {"key": "eligible-project-costs", "type": "definition", "offset": [310, 332]}, {"key": "advance-payment", "type": "clause", "offset": [372, 387]}, {"key": "loan-shall", "type": "definition", "offset": [437, 447]}, {"key": "to-the-recipient", "type": "definition", "offset": [473, 489]}, {"key": "section-vi", "type": "clause", "offset": [502, 512]}, {"key": "repayment-of-the-loan", "type": "clause", "offset": [544, 565]}, {"key": "the-note", "type": "clause", "offset": [591, 599]}, {"key": "payments-required", "type": "definition", "offset": [629, 646]}], "snippet": "On the terms and conditions of the Agreement which are incorporated herein and made a part hereof, the OPWC shall lend to Recipient and Recipient shall borrow from the OPWC an amount not to exceed Twenty-Six Thousand, Sixty-Nine Dollars ($26,069), the proceeds of which shall be utilized solely to finance the Eligible Project Costs and/or reimburse the Recipient for its advance payment of such Eligible Project Costs (the \"Loan\"). The Loan shall be disbursed by the OPWC to the Recipient pursuant to Section VI of the Agreement. The terms of repayment of the Loan shall be as set forth in the Note and Recipient shall make all payments required to be made under the Note as and when due.", "size": 117, "hash": "7dc01592fa918a183b7ed3441725ee3c", "id": 8}, {"samples": [{"hash": "hGelOEkHjsq", "uri": "/contracts/hGelOEkHjsq#the-loan", "label": "Project Grant/Loan Agreement", "score": 23.1697463989, "published": true}, {"hash": "8kRj0dvFAyQ", "uri": "/contracts/8kRj0dvFAyQ#the-loan", "label": "Project Grant/Loan Agreement", "score": 22.6563987732, "published": true}], "snippet_links": [{"key": "terms-and-conditions-of-the-agreement", "type": "clause", "offset": [7, 44]}, {"key": "recipient-shall", "type": "clause", "offset": [136, 151]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [176, 196]}, {"key": "five-thousand", "type": "clause", "offset": [216, 229]}, {"key": "eligible-project-costs", "type": "definition", "offset": [312, 334]}, {"key": "advance-payment", "type": "clause", "offset": [374, 389]}, {"key": "loan-shall", "type": "definition", "offset": [439, 449]}, {"key": "to-the-recipient", "type": "definition", "offset": [475, 491]}, {"key": "section-6-of-the-agreement", "type": "clause", "offset": [504, 530]}, {"key": "repayment-of-the-loan", "type": "clause", "offset": [545, 566]}, {"key": "the-note", "type": "clause", "offset": [592, 600]}, {"key": "payments-required", "type": "definition", "offset": [630, 647]}], "snippet": "On the terms and conditions of the Agreement which are incorporated herein and made a part hereof, the OPWC shall lend to Recipient and Recipient shall borrow from the OPWC an amount not to exceed One Hundred Twenty-Five Thousand Dollars ($125,000), the proceeds of which shall be utilized solely to finance the Eligible Project Costs and/or reimburse the Recipient for its advance payment of such Eligible Project Costs (the \"Loan\"). The Loan shall be disbursed by the OPWC to the Recipient pursuant to Section 6 of the Agreement. The terms of repayment of the Loan shall be as set forth in the Note and Recipient shall make all payments required to be made under the Note as and when due.", "size": 106, "hash": "687b3e5a20d60d671f737a8420460e1f", "id": 9}, {"samples": [{"hash": "abr2hIGx7Mz", "uri": "/contracts/abr2hIGx7Mz#the-loan", "label": "Loan Agreement", "score": 22.0910339355, "published": true}, {"hash": "e9iIBZpxgjv", "uri": "/contracts/e9iIBZpxgjv#the-loan", "label": "Loan Agreement", "score": 21.6064338684, "published": true}], "snippet_links": [{"key": "agrees-to", "type": "clause", "offset": [18, 27]}, {"key": "to-the-borrower", "type": "clause", "offset": [33, 48]}, {"key": "special-funds-resources", "type": "definition", "offset": [60, 83]}, {"key": "special-drawing-rights", "type": "definition", "offset": [186, 208]}, {"key": "the-borrower-shall", "type": "clause", "offset": [230, 248]}, {"key": "pay-to", "type": "definition", "offset": [249, 255]}, {"key": "interest-charge", "type": "definition", "offset": [263, 278]}, {"key": "rate-of", "type": "clause", "offset": [286, 293]}, {"key": "per-annum", "type": "clause", "offset": [297, 306]}, {"key": "the-grace-period", "type": "clause", "offset": [314, 330]}, {"key": "amount-of-the-loan", "type": "clause", "offset": [370, 388]}, {"key": "the-loan-account", "type": "clause", "offset": [404, 420]}, {"key": "from-time-to-time", "type": "clause", "offset": [437, 454]}], "snippet": "Section 2.01. ADB agrees to lend to the Borrower from ADB's Special Funds resources an amount in various currencies equivalent to twenty-three million four hundred seventy four thousand Special Drawing Rights (SDR23,474,000).\n(a) The Borrower shall pay to ADB an interest charge at the rate of 1% per annum during the grace period, and 1.5% per annum thereafter, on the amount of the Loan withdrawn from the Loan Account and outstanding from time to time.", "size": 132, "hash": "e9d19639ba4e1b66b0947b0cedc38d6f", "id": 7}], "next_curs": "ClESS2oVc35sYXdpbnNpZGVyY29udHJhY3Rzci0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhF0aGUtbG9hbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["interest", "Interest"], ["the-loan", "The Loan"], ["prepayment", "Prepayment"], ["use-of-proceeds", "Use of Proceeds"], ["default-interest", "Default Interest"]], "title": "The Loan", "parents": [["definitions", "Definitions"], ["project-schedule", "PROJECT SCHEDULE"], ["the-loan", "The Loan"], ["assignment", "Assignment"], ["general-terms", "General Terms"]], "size": 8139, "id": "the-loan", "related": [["loan-advances", "Loan Advances", "Loan Advances"], ["loan", "Loan", "Loan"], ["construction-loan", "Construction Loan", "Construction Loan"], ["loan-proceeds", "Loan Proceeds", "Loan Proceeds"], ["term-loan-advances", "Term Loan Advances", "Term Loan Advances"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00", "also_ask": ["What are the essential terms that must be included to clearly define 'The Loan'?", "How can the clause be structured to maximize lender protections while remaining commercially reasonable?", "What are the most common pitfalls or ambiguities in loan clauses that lead to disputes?", "How does this loan clause compare to market standards or statutory requirements?", "What factors most influence a court\u2019s decision to enforce or invalidate a loan clause?"], "drafting_tip": "Specify the loan amount and currency to prevent disputes; define repayment terms to ensure clarity; state interest rate to avoid ambiguity.", "explanation": "The Loan clause defines the fundamental terms and conditions under which a lender provides funds to a borrower. It typically specifies the loan amount, the purpose of the loan, the interest rate, and the repayment schedule. For example, it may outline whether the loan is for a fixed or variable amount, the timeline for disbursement, and any conditions precedent to funding. This clause serves to clearly establish the financial arrangement between the parties, ensuring both sides understand their obligations and reducing the risk of disputes over the loan's basic terms."}, "json": true, "cursor": ""}}