Second Loan definition

Second Loan means the amount of R40 000 000 (forty million Rand) which the Borrower agreed to borrow from the Lender and which the Lender agreed to lend to the Borrower and which entire amount has been drawn down by the Borrower and is still outstanding;

Second Loan shall have the meaning given these capitalized terms in the Loan Agreement.

Second Loan means the second term loan made to the Borrowers, subject to the terms and conditions herein, in the principal amount of Two Million Dollars ($2,000,000.00).

Examples of Second Loan in a sentence

• All payments, if any, shall be made by Borrower payable to the Lender and mailed or delivered to the Second Loan Servicer on behalf of the Lender or at such other place or places as the Lender may designate in writing from time to time.

• This Second Note is originated on this date by the Lender under the Home In Five Advantage Down Payment Assistance Program (the “Program”) to provide a second mortgage loan (the “Second Loan”) to finance all or a portion of the down payment and closing costs associated with the first mortgage loan (the “First Loan”) towards the purchase of the residence located at the PropertyAddress and more fully described in the Second Deed of Trust securing the Second Loan (the “Property”).

• Interest shall accrue on the Second Loan Amount stated above from this date at the rate of 0% per annum.

• THE INDIVIDUAL(S) LISTED ABOVE AND UNDERSIGNED BORROWER promises to pay to the order of The Industrial Development Authority of the City of Phoenix, Arizona and The Industrial Development Authority of the County of Maricopa, each a political subdivision existing under the laws of the State of Arizona, or their assignee (the “Lender”), that portion of the Second Loan Amount that is due and payable at the times set forth in this Second Promissory Note (the “Second Note”).

• The Second Loan, which was in the form of a Note dated February 19, 2021 matures February 19, 2026 and bears interest at a rate of 1.00% per annum, payable in 44 equal monthly payments commencing on June 19, 2022.

More Definitions of Second Loan

Second Loan shall have the meaning set forth in Section 2.1 hereof.

Second Loan shall be collectively referred to as "Loan" herein. There may be other documents (Related Documents) that secure, guaranty or otherwise relate to the Loan, any collateral securing the Loan (Collateral), or this Agreement. To induce Bank to make the Loan and as part of the consideration for Bank making the Loan, Borrower and Bank agree to the following terms, representations, warranties and covenants, which shall prevail so long as any part of the Loan or any other obligation of Borrower to Bank remains outstanding or Bank is obligated to make any advances on the Loan.

Second Loan means the sum of US$500,000 (Five Hundred Thousand United States Dollars); subsidiary has the meaning given to such term in the Act; Taxes all present and future taxes, levies, duties, charges, assessments, deductions or withholdings whatsoever, including any interest thereon and any penalties and fines with respect thereto, imposed, levied, collected or withheld pursuant to any law, regulation or other authorization having the force of law and “Taxation” shall be construed accordingly; Trading Day any day during which trading of securities takes place on CSE; VAT value added tax or other similar sales or turnover tax anywhere in the world; VWAP for any Trading Day, the volume weighted average price of the Common Shares on CSE as reported by Bloomberg under the symbol “BXXX.XX”; Warrants the 2,294,635 warrants granted by the Company to the Lender pursuant to the Warrant Deed; Warrant Deed the deed granting the Warrants executed on 13 June 2018;and Warranties the warranties and representations of the Company contained in clause 10 and Schedule 2 and a reference to a “Warranty” shall be construed accordingly.

Second Loan. BTC has also loaned Two Hundred Thousand Dollars (US$200,000) to AGT, pursuant to that certain Promissory Note dated February 3, 1998 made by AGT for the benefit of BTC (the "Third Loan").

Second Loan has the meaning given that term in Section 2.1 of the Loan Agreement.

Second Loan in Section 1.1 of the Credit Agreement is hereby deleted, and the following definitions in Section 1.1 of the Credit Agreement are hereby modified to read in full as follows:

Second Loan has the meaning specified in Section 2.1 (Commitment).