Interest-bearing loan definition

Interest-bearing loan means a loan in which the debt is expressed as the principal amount and interest is computed, charged, and collected on unpaid principal balances outstanding from time to time.

Interest-bearing loan means a loan in which the debt is

Interest-bearing loan means a loan in which interest is charged upon the principal amount borrowed.

Examples of Interest-bearing loan in a sentence

• No agreements, representations or understandings ---------------- (whether oral or written, express or implied) which are not expressly set forth or referenced in this Agreement (including without limitation the Interest-Bearing Loan, the Interest Free Loan, the Change of Control Retention Agreement, the Symmetricom Executive Medical Plan) have been made or entered into by either party with respect to the subject matter hereof.

• Company has loaned Executive the principal --------------------- amount of $400,000, with an interest rate of 6.0% (the "Interest-Bearing Loan"), and has agreed to forgive such principal and interest in four equal installments.

• No agreements, representations or understandings ---------------- (whether oral or written, express or implied) which are not expressly set forth or referenced in this Agreement (including without limitation the Interest-Bearing Loan, the Interest Free Loan, the Change of Control Retention Agreement between Executive and Company, dated ________________, the Symmetricom Executive Medical Plan) have been made or entered into by either party with respect to the subject matter hereof.

More Definitions of Interest-bearing loan

Interest-bearing loan means a loan in which the debt is expressed as a principal amount plus interest charged on actual unpaid principal balances for the time actually outstanding.

Interest-bearing loan means a loan in which interest

Interest-bearing loan means a loan in which the debt 53

Interest-bearing loan means a loan in which the debt is expressed as the principal amount and interest is computed, charged, and collected on un­ paid principal balances outstanding from time to time, for the time outstanding.

Interest-bearing loan means a loan in which the debt is expressed as a principal amount plus interest charged on

Interest-bearing loan means a loan in which the debt is expressed as the principal amount and interest is computed,

Interest-bearing loan means the interest-bearing loan agreement, in the form of a loan, that each of the Initial Beneficiaries and each of the New Beneficiaries of Shares may enter into with SG in order to obtain the funding to be made available to the Company for the payment of taxes and of any contributions due as a result of the free of charge transfer in their favor of the property of the Shares and, for the Initial Beneficiaries only, of the Shares Additionally Assigned. As an alternative to the stipulation of the Interest-Bearing Loan agreement, each of the Initial Beneficiaries and each New Beneficiaries of Shares will have the right to sell part of the Shares and, limited to the Initial Beneficiaries, of the Shares Additionally Assigned in order to obtain the funding to be made available to the Company for the payment of taxes and any contributions due as a result of the free of charge transfer in their favor of the property of the Shares and, for the Initial Beneficiaries only, of the Shares Additionally Assigned.