Examples of Loan Advance Date in a sentence
Hang Seng reserves the right to require the Borrower to pay interest or make a payment where the Loan Advance Date is not the same date as the existing instalment payment date of the outstanding amount of the Loan in such amount as Hang Seng may determine in its sole discretion without consent of the Borrower.
In consideration of Lender making of the Term Loan Advance, the Borrower hereby agrees that Lender shall be entitled to receive an origination fee equal to 3.0% of the amount of the Term Loan, which origination fee shall be earned on the Term Loan Advance Date and paid by the Borrower by deduction from the proceeds of the Term Loan Advance.
All Lender Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of this Agreement) incurred through and after the Term Loan Advance Date, when due (or, if no stated due date, upon demand by Lender).
Borrower shall have performed and complied with all agreements, covenants and conditions contained in the Loan Documents which are required to be performed or complied with by it prior to or on the Loan Advance Date, or failure to so comply shall have previously been cured or waived.
TermSubject to early repayment as provided under the Loan Agreement, the term of the Loan shall be one year commencing from the Loan Advance Date.
If Borrower elects to borrow amounts pursuant to this Section 1.1, Borrower shall provide to Investment Manager (in addition to all other deliverables required pursuant to Section 2.1 and 2.2) a written notice (each a “Loan Advance Notice”) specifying the date on which the Loan shall be advanced (the “Loan Advance Date”), which Loan Advance Date must be no earlier than three (3) Business Days after Investment Manager’s receipt of the Loan Advance Notice.
Investment Manager shall have received a certificate, dated the Loan Advance Date, signed by the President or the Chief Financial Officer of Borrower, certifying that the conditions specified in Sections 2.2(a), (b), and (d) hereof have been fulfilled.
When your coverage takes effectIf your Personal Loan has been approved, and you are eligible for coverage and apply no later than 30 days after the Loan Advance Date, your coverage is automatically approved and will be effective on the latest of your Loan Advance Date or the date your Application is submitted to us.
The term of the Loan shall be one year commencing from the Loan Advance Date.
The Repayment Term of this Agreement will start and interest will begin to accrue on the Loan Advance Date and continue throughout the entire Repayment Term.