Examples of Interim Loan Note in a sentence
Except as described in Schedule B, principal forgiveness will be applied to reduce or retire the Interim Loan Note upon completion of the Project.
As part of this arrangement, the Company issued the drilling contractor a total of 5,956,357 as consideration of their services.As part of the financing arrangement outlined in note 10, the Company also issued 1,650,000 shares to the Interim Loan Note holders as part of the financing transaction.
Upon this declaration being made, such amounts become due and redeemable; • declare that all or part of the Interim Loan Note with accrued and capitalised interest, fees and all other amounts, be payable on demand.
RECOMMENDATION: To approve the General Obligation Interim Loan Note with Massachusetts Clean Water Trust for Wastewater Treatment Plant upgrades.
An Interim Loan Origination Fee, in an amount equal to one-tenth of one percent (.1%) of the maximum aggregate principal amount of the Interim Loan Note, but not less than $500 or more than $1,000, as stated in Schedule A.
Approval – Massachusetts Water Pollution Abatement Trust Interim Loan, Stormwater Management -- $500,000:The Board reviewed the following information: (1) Town of Medway Bond Issue document, Loan Amount of $500,000; (2) Vote of the Board of Selectmen certification; (3) Town of Medway Interim Loan Note, dated April 15, 2012; and (4) Town of Medway $500,000 Interim Loan Note Certificate.
The Company has reached agreement with Castlelake on certain amendments to the LNSA governing the terms of the Interim Loan Note (Amended LNSA).
On 17 June 2020, the Company announced that the Financier was not proceeding with the Senior Funding Package and that, as at that date, there was approximately US$6.2 million (including capitalised interest and fees) outstanding under the Interim Loan Note (LNSA Debt).
Interim Loan Notes6,554,8225,192,664Effective interest capitalised1,368,095513,187Foreign currency movement54,40193,974 7,977,3185,799,825 As set out in Note 2(a), Graphex signed agreements for financing the development of its Chilalo Graphite Project, which comprised the US$80 million Senior Funding Package and the US$5 million Interim Loan Note facility.
During this period, Graphex has contractually agreed to pursue a process that will lead to the repayment of the Interim Loan Note, including consideration of a sell-down or refinance of the Chilalo Project (Chilalo Process) or the shares in Graphex’ subsidiaries, Graphex Mining UK No1 Limited and Ngwena Tanzania Limited (the Subsidiaries).