Previous Loans definition

Previous Loans means, collectively, the Previous $50,000,000 Acquisition Loan, the Previous $30,000,000 Line of Credit Loan and the Previous $10,700,000 Term Loan.
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Previous Loans the mortgage loans with the principal sums of HK$2,800,000 and HK$9,000,000 granted by ETC Finance to Customer A pursuant to Loan Agreement A and Loan Agreement B, respectively “Previous Loan Agreements” Loan Agreement A and Loan Agreement B
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Previous Loans is defined in the second recital hereof.
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Examples of Previous Loans in a sentence

  • A borrower receives cash in excess of costs and fees when the borrower receives funds and/or proceeds beyond the amount required to payoff existing Previous Loan(s) plus all fees and costs associated with the Home Loan.

  • As certain applicable percentage ratios in respect of the Loans are more than 5% but less than 25% under Rule 14.07 of the Listing Rules, the grant of the New Loan and the Previous Loans constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules and is therefore subject to the reporting and announcement requirements under the Listing Rules.

  • As the borrowers of the Loans are associated with each other (details of their relationship are set out in the section headed “Information on the Customers” in this announcement), the grant of the New Loan and the Previous Loans shall be aggregated under Rule 14.22 of the Listing Rules.

  • The advances in respect of the Extended Loans and the Previous Loans were made based on (i) the Group’s credit assessments on the financial strength and repayment ability of the Customers; and (ii) the collaterals provided by the Customers, which are at prime sites in Hong Kong.

  • GICL, as the lender of the Extended Loans and the Previous Loans, is an indirect wholly-owned subsidiary of the Company.

  • Further, as the Previous Loans and the Loan are granted to the same borrower within a 12-month period, the grant of the Loan requires aggregation with the Previous Loans under Rule 19.22 of the GEM Listing Rules.

  • It is further acknowledged that the proceeds of the Loan shall not be used for the repayment of the Previous Loans extended by JKM Management Ltd.

  • As described in the recitals hereto, the initial Loans shall represent a continuation of the Previous Loans.

  • REASONS FOR ENTERING INTO THE EXTENDED LOAN AGREEMENTS AND THE PREVIOUS LOAN AGREEMENTS Taking into account the principal business activities of the Group, the grant of the Extended Loans and the Previous Loans to the Customers is in the ordinary and usual course of business of the Group.

  • Subject to the terms and conditions set forth in this Agreement, the Borrower and each of the Lenders agree that on the Closing Date but subject to the satisfaction of the conditions precedent set forth in Section 4.1 and 4.2, as applicable, the Previous Loans shall be reevidenced as Revolving Loans under this Agreement and the terms of the Previous Loans shall be restated in their entirety.


More Definitions of Previous Loans

Previous Loans is defined in the first recital hereof.
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Previous Loans the First Previous Loan and Second Previous Loan
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Related to Previous Loans

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Revolving Loans as defined in Section 2.4(a).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • New Revolving Loans as defined in Section 2.25.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.