Loan Disbursement Date definition
Examples of Loan Disbursement Date in a sentence
For the avoidance of doubt, the Lender shall not be obliged to transfer (or procure the transfer by the Paying Agent of) any amount of the Initial Loan to the Borrower or otherwise, unless all the Conditions have been satisfied and continue to be satisfied on the relevant Initial Loan Disbursement Date.
Interest will be payable on demand upon 10 days' prior written notice, which notice may not be delivered prior to six months after the initial Loan Disbursement Date.
The obligation of the Lender to make any of the Loans under this Agreement on any Loan Disbursement Date is expressly made subject to and contingent upon the truthfulness in all material respects of Borrower's representations and warranties contained in this Agreement.
Final Loan Disbursement Date – the date specified in the Agreement, by which (inclusive) the Client is entitled to request issue of the Loan (part thereof) by the Bank.
As of the Closing Date, the Borrower has not, and as of the Initial Convertible Loan Disbursement Date the Borrower will not have, adopted a Shareholders Rights Plan.
The Note shall cease to permit Loans on and after the Commitment Expiration Date and, as provided therein, the principal amount of Loans outstanding shall be paid with respect to each Loan on the first anniversary of the applicable Loan Disbursement Date.
The Borrower shall deliver to the Agent a fully executed Disbursement Request by 12:00 p.m. two (2) Business Days prior to the Initial Convertible Loan Disbursement Date; provided that the Initial Convertible Loan Disbursement Date shall be Qualifying IPO Date (or such later date as may be agreed upon by the Agent).
The Parties acknowledge and agree that the Lenders have foregone receiving additional compensation, yield enhancement and pricing on the Initial Convertible Loan Disbursement Date in return for the Parties’ agreeing to the Exit Charge.
From and after the Initial Convertible Loan Disbursement Date, the outstanding principal amount of the Loans shall bear interest at the Interest Rate (calculated on the basis of the actual number of days elapsed in each month based on a year of 360 days).
The Agent, unless it has received written notice from the Borrower by not later than 5:00 p.m. (New York City time) on the Initial Convertible Loan Disbursement Date that the Initial Convertible Loan was not fully funded, shall deem the Initial Convertible Loan fully funded and make the appropriate recordations in the Register.