Purpose of the Loan definition

Purpose of the Loan is as specified in Section 1 of Schedule 2 of this Agreement ./ “Tujuan dari Pinjaman” adalah sebagaimana ditetapkan pada Bagian 1 Lampiran 2 dari Perjanjian ini.
Sample 1
Purpose of the Loan. For the daily operations of the Borrower Term of the Loan : 1 year, commencing on 23 September 2021 Interest : To be separately agreed by the Borrower and the Lender Security : The Loan is secured by a guarantee provided by each of the Company, PRC Holdco, School Sponsor, Hubei Chunlai, WFOE, Xx. Xxx (a controlling shareholder and an executive Director of the Company), Ms. Song (the spouse of Xx. Xxx), and Xx. Xxxxx (an executive Director of the Company) (each as defined below). To the best knowledge, information, and belief of the Directors, the Lender and its ultimate beneficial owners are third parties independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”)).
Sample 1

Examples of Purpose of the Loan in a sentence

  • Traditional Amortizing Loan; • Contact Information for Lender; and • The Purpose of the Loan.

  • Table 2.5: Purpose of the Loan (% of all borrowers) Source: Pakistan A2F Household Survey 2008Notes: Personal loans include: loans to buy food or goods, meet expenses of a dowry, wedding, Hajj/Umrah, unforeseen emergency costs (hospital, childbirth, funeral), buy or build a house, travel, buy luxury items/durables, and pay utility bills.

  • YES NO Mode of Repayment Checkoff Standing order Direct debit(Check appropriately) M-Pesa Paybill FOSA-Salary Purpose of the Loan (MANDATORY)Kindly refer to the Appendix on pg.7 to complete the table below Classification codeEconomic sector codeSub-sector code …………………………….

  • Purpose of the Loan Loans will be available for capital purchases where the life expectancy of the purchase is greater than the period of the loan.

  • In words ………………………………...……………………………………………………………………………………………………………………….……………..For a period of Months (Specify if a lesser period than indicated below).2.2. Type of loan and period Emergency Loan 6 MonthsEmergency Loan 20 Months2.3. Purpose of the Loan: …………………………………………………………………………………………………………………………………..

  • Purpose of the Loan: We are obliged to ensure that the purpose for the loan falls into one of our categories of lending.

  • Purpose of the Loan The Loan shall be used exclusively for the personal use of the Borrower for investment.Principal terms Amount of the Loan:HK$50,000,000.Interest rate:Interest shall accrue on the Loan at the rate of 8% per annum.

  • The Company’s loan committee may also include an additional member of the Company’s executive management team or the Servicing Manager.Section9.01 Purpose of the Loan Committee.

  • Upon execution of the Substantial Completion Affidavit, the Approved Purpose of the Loan shall be solely to inventory the Lots during an interim period prior to the sale of such Lots to an Approved Builder and vertical construction commencing thereon.

  • Purpose of the Loan The Loan is provided to Dr. Tong for his personal financing use.

Related to Purpose of the Loan

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Revolving Loan has the meaning specified in Section 2.01(a).