Remaining Loan definition

Remaining Loan shall have the meaning set forth in Section 11.9 hereof.

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Remaining Loan the aggregate principal amount of all Bonds outstanding in the Loan at any time (being equal to the Loan less the principal amount of Bonds redeemed by the Borrowers or converted into Shares or, prior to the Effective Date, shares in the Borrower by such time). Retroactive Adjustment: as described in clause 14.12. Securities: as described in clause 14.15. Securities Depository: The Norwegian Central Securities Depository (Verdipapirsentralen ASA). Securities Registration Act: the Norwegian Act on the registration of financial instruments (the Securities Registration Act) of 5 July, 2002 No. 64. Securities Trading Act: the Norwegian Act on Securities Trading of 29 June 2007 No. 75. Security Interest as described in clause 16.2 (c). Shareholders: holders of Shares.

Remaining Loan means the net loan principle obtained by the borrower which is still outstanding. “Remaining quota” means the “quota” deduct the “remaining loan”. “Credit term” means the time that the lender releases loan to the borrower, it’s the term during which the lender will release the loan, not the term during which the borrower will use the loan. The loan term shall be confirmed by both parties.

Examples of Remaining Loan in a sentence

• In connection with the uncrossing of any such Affected Property as provided for in this Section 11.9 (an “Uncrossing Event”), the Remaining Loan shall be reduced by an amount equal to amount of the Uncrossed Loan and the Uncrossed Loan shall be in an amount equal to the Allocated Loan Amount applicable to the Affected Property.

• In either case the Loan Trustee shall on behalf of the Bondholders take every measure necessary to recover the Remaining Loan.

• Borrower’s Bonds may at the Borrower’s discretion be retained by the Borrower, sold or used for partial redemption of the Remaining Loan.

• In connection with the uncrossing of any such Affected Property as provided for in this Section 11.8 (an “Uncrossing Event”), the Remaining Loan shall be reduced by an amount equal to amount of the Uncrossed Loan and the Uncrossed Loan shall be in an amount equal to the Allocated Loan Amount applicable to the Affected Property.

• As one or more of the applicable percentage ratios (as defined in the GEM Listing Rules) in respect of the amount of the Remaining Loan exceed 5% but are less than 25%, the further extension of the Remaining Loan constitutes a discloseable transaction for the Company under Chapter 19 of the GEM Listing Rules and is subject to the reporting and announcement requirements under the GEM Listing Rules.

• The funding of the Remaining Loan comes from spare internal resources of the Group and therefore allows the Group to utilise its idle funding to gain a return.

• As consideration for the issuance of the Warrant Exercise Shares and in satisfaction of Windsor's obligation to pay the Aggregate Exercise Price, the amount of the Borrowings has been reduced by the Aggregate Exercise Price, with the result that the amount of the Borrowings outstanding following exercise of the Warrant was and continues to be $2,388,570 (the "Remaining Loan").

• Based on the foregoing, we hereby request conversion ¨ of the whole Remaining Loan Amount ¨ of EUR of the Remaining Loan Amount pursuant to ¨ Sec.

• Bonds redeemed by the Borrower in accordance with subclause 10.2 shall be used for redemption of the Remaining Loan.

• The terms of the Second Supplemental Loan Agreement (including the interest rate) were arrived at by the parties thereto after arm’s length negotiations, with reference to prevailing commercial practice and the amount of the Remaining Loan.

More Definitions of Remaining Loan

Remaining Loan the remaining part of the Loan in a principal amount of HK$300 million under the Loan Extension Agreement