Loan Terms Schedule definition
Examples of Loan Terms Schedule in a sentence
Annex A (Equipment Schedule) and Annex B (Loan Terms Schedule) are attached hereto.
Each Loan Terms Schedule shall be considered a promissory note evidencing the amounts due hereunder for all purposes.
This Agreement, together with the terms set forth in each Loan Terms Schedule and each of the other Operative Documents, taken together, constitute and, contain the entire agreement of Borrower and Lender and, with regard to their respective subject matters, supersede any and all prior agreements, term sheets, negotiations, correspondence, understandings and communications among the parties, whether written or oral, with respect to their respective subject matters.
Each Loan Terms Schedule shall establish the Loan Factor and Loan Values with respect to such Loan.
The terms and conditions set forth in each Loan Terms Schedule are incorporated herein by this reference.
Unless the Funding Date for a Loan is a Payment Date, Borrower shall pay the Interim Payment payable with respect to such Loan on the Funding Date, as specified in the Loan Terms Schedule applicable to such Loan.
By: By: ------------------------------ ------------------------------ Name: Name: ---------------------------- ---------------------------- Title: Title: --------------------------- --------------------------- Annex A - Description of Financed Equipment Annex B - Loan Terms Schedule ANNEX A TO EXHIBIT B -------------------- The Financed Equipment being financed with the Equipment Advance which this Loan Agreement Supplement is being executed is listed below.
The obligation of Borrower to repay the aggregate unpaid principal amount of and interest on and to make the Final Payments on the Loans, or to pay the Stipulated Loss Value applicable to each Loan, shall be evidenced by the Loan Terms Schedule.
Whenever Borrower desires that Lender make a Loan, Borrower shall deliver to Lender a list of the Equipment proposed to be financed by such Loan and request that Lender prepare a Loan Terms Schedule for such Loan.
Borrower shall make payments of principal and accrued interest in advance for each Loan (collectively, “Scheduled Payments”) as set forth in the Loan Terms Schedule, commencing on the date set forth on the Loan Term Schedule applicable to such Loan and continuing thereafter during the Repayment Period on the first Business Day of each calendar month (each a “Payment Date”), in an amount equal to the Loan Factor multiplied by the Loan Amount for such Loan as of such Payment Date.