Loan Consideration definition
Examples of Loan Consideration in a sentence
The Additional Loan Consideration shall be fully earned when paid and shall not be refundable for any reason whatsoever.
In accordance therewith, each of the Borrower and the Lender acknowledges and agrees that the full amount of the Loan equals the full amount of the Loan Consideration (as defined in Section 1.3(c)(ii) of the Purchase Agreement) and shall be applied directly by the Lender to reduce the Purchase Price in accordance with the terms of the Purchase Agreement.
The first instalment will be offset by the Loan Consideration, the amount of which is equivalent to the first instalment.
The consideration involved in the Acquisitions includes the Share Transfer Consideration and the Loan Consideration, and the Group also agreed to procure and ensure the Project Company to repay the Project Company Debts within 30 days after completion.
Randgold agrees that it will make arrangements to provide Moto with sufficient funds prior to the Effective Date to ensure that, following the Effective Date and conditional upon the Effective Date occurring, the full amount of the Loan Consideration outstanding under the OKIMO Assignment can be paid in accordance with the OKIMO Assignment.
The Parties acknowledge and agree that $7,000,000 of the ADSH Purchased Loan Consideration has been assigned to Irish Holdco pursuant to Section 2.09 of the BCA.
In consideration of the sale, transfer, assignment and conveyance of the Bosch Purchased Loans, at the Closing, Irish Holdco shall pay (or cause to be paid) to ▇▇▇▇▇▇ ▇▇▇▇▇ the Bosch Purchased Loan Consideration.
Purchaser shall pay the Shareholder Loan Consideration on the due date into Seller’s Bank Account.
In consideration of the sale, transfer, assignment and conveyance of the ADSH Purchased Loans, at the Closing, Irish Holdco shall pay (or cause to be paid) to ADSH the ADSH Purchased Loan Consideration minus $7,000,000.
Under the Local SPAs, Seller and the SEAS Sellers shall sell and transfer, or agree to procure the sale and transfer by Seller’s other Affiliates, as the case may be, of any Shareholder Loans existing as of the Closing Date to the Designated Transferees against payment of the Shareholder Loan Consideration pursuant to Section 5.1.3. For the avoidance of doubt, the restrictions set forth in Section 14.7 below shall not apply to the repayment of any Shareholder Loan that has become due.