First Loan definition

First Loan means the HUD-insured loan in the original principal amount of $_______, made by First Lender to Landlord, secured by the Healthcare Facility, as such Loan may be amended, increased or decreased.

First Loan has the meaning set forth in Section 2.3 of the Loan Agreement.

First Loan means the principal amount borrowed by the Borrowers from the First Banks under the First Loan Agreement or (as the context may require) the amount thereof at any time outstanding;

Examples of First Loan in a sentence

• A circular containing, among others, (i) details of the First Loan Extension Agreement and the Third Shareholders’ Loan Agreement and the transactions contemplated thereunder; (ii) other information required under the Listing Rules; and (iii) notice of the SGM will be despatched to the Shareholders on or before 13 September 2024 in order for the Company to have sufficient time to prepare and finalize the information to be included in the circular and for bulk print process.

• Save for the First Loan Extension, all other terms and conditions of the First Shareholders’ Loan Agreement remain unchanged and continue in full force and effect.

• The transactions contemplated under the First Loan Extension Agreement and Third Shareholders’ Loan Agreement may or may not be materialized.

• The Group and Innovative Group had made contribution to the First Loan and Second Loan in proportion to their respective shareholdings in the Borrower, for the purpose of financing the working capital of the Smart Ascent Group.

• A SGM will be convened and held for the Shareholders to consider and, if thought fit, approve the First Loan Extension Agreement and the Third Shareholders’ Loan Agreement and the transactions contemplated thereunder.

More Definitions of First Loan

First Loan means the first Loan borrowed hereunder; provided that the First Loan will be deemed to have extended on the Initial Credit Date at a principal amount of zero if no amounts have been borrowed hereunder at such time.

First Loan means the HUD-insured loan in the original principal amount of

First Loan means the amount of R125 106 116 (one hundred and twenty five million and one hundred and six thousand and one hundred and sixteen Rand) which the Borrower agreed to borrow from the Lender and which the Lender agreed to lend to the Borrower and which entire amount has been drawn down by the Borrower and is still outstanding;

First Loan means the loan by an Institutional Lender to theParticipant as provided under the First Note provided under Section 201.2 of this Agreement.

First Loan the loan with principal amount of HK$2,232,000 granted by the Lender to the Borrower pursuant to the First Loan Agreement

First Loan shall have the meaning set forth in Section 2.1 hereof.

First Loan means the Loan made or to be made available to, amongst others, the Buyer by the First Mortgagee in respect of (inter alia) the Vessel.