TERMS OF LOAN definition

TERMS OF LOAN. The equipment described above is loaned to the Regents of the University of California, on behalf of the University of California, Irvine Campus, Department University Department[“University” or “UC”] for the mutual benefit of the lender and the University, and is to be used only for the purpose of instruction, demonstration or research. Said equipment is subject to return at the request of either the Lender or the University. Complete the Liability and Shipping section Liability Click to enter University or Lender shall be responsible for all claims of loss or damage for Equipment during transit to Equipment Borrower. Click to enter University or Lender shall be responsible for all claims of loss or damage for Equipment during return transit to Lender. The Responsible Party’s liability for loss or damage shall begin for each respective transit period when the Equipment has been accepted by the carrier for shipping/transit (e.g. FEDEX, UPS, etc.). Shipping/transit insurance should be purchased as necessary by___Click here to enter text._________________[the Lender or the University].
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TERMS OF LOAN. The equipment is the sole property of Murrieta Valley Unified School District (MVUSD). It is to be used for school- related work ONLY, such as accessing classroom instruction and materials. The equipment is to be returned at the conclusion of the loan period or as requested by district or school staff.
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TERMS OF LOAN. The Loan shall have the following material terms: (1) Interest: 12% per annum (compounded monthly); (2) Term: 1 Year; (3) Borrower may prepay Loan at any time without penalty by providing five (5) business days notice; (4) Lender may convert the Loan into ISTO common stock at lesser of $1.00 or 15% discount to the five day average market price for the five day period immediately preceding the date of conversion. In the event that the Financing does close as anticipated, then the Lenders may elect to be repaid by notice to the Borrower at any time after the closing by providing 7 days written notice to the Borrower.
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Examples of TERMS OF LOAN in a sentence

  • Terms of Loan – Interest RateLIBOR + 0.60%– Maturity (number of years)12– Grace Period (number of years)38.

  • Terms of Loan – Interest RateLondon interbank offered rate-based– Maturity (number of years)25– Grace Period (number of years)58.

  • It provides oversight and assurance to the Board of the ICB on the adequacy of governance risk management and internal control processes within the ICB.

  • Terms of Loan AgreementsFor the avoidance of doubt, if these Loan Terms are amended in accordance with Rule 16, any such amendment will have no effect on the terms of any Loan Agreements entered into under paragraph 6 prior to the date of the amendment.

  • Terms of Loan Agreement No. 3876 RU placed Russian suppliers/manufacturers in unfavorable conditions compared to foreign suppliers/manufacturers.

  • Transfer funds from General Account to the Arsenic Removal Project Reserve Fund Account for annual reserve equal to one-tenth of annual loan payment in compliance with Article III, Terms of Loan.

  • Terms of Loan – Interest Rate1% per annum during grace period and 1.5% per annum thereafter– Maturity (number of years)32– Grace Period (number of years)88.

  • General Terms of Loan Program The loan will be secured through a lien placed against the title of the property.

  • FASB Staff Position (“FSP”) SOP 94-6-1, Terms of Loan Products That May Give Rise to a Concentration of Credit Risk (“FSP SOP 94-6-1”), addresses disclosure requirements for entities that originate, hold, guarantee, service, or invest in loan products whose terms may give rise to a concentration of credit risk.

  • Terms of Loan Borrower Initials I acknowledge that the replacement value of this Chromebook is $270.


More Definitions of TERMS OF LOAN

TERMS OF LOAN. The Loan shall be treated as a Convertible Loan (See Exhibit "A") according to the documentation already received by Lender (the "Convertible Loan Agreement") with the following material terms: (1) Interest: 12% per annum (compounded monthly); (2) Term: 1 Year; (3) Borrower may prepay Loan at any time without penalty by providing five (5) business days notice; (4) Lender may convert at lessoer of $1.00 or 15% discount to the five day average market price for the five day period immediately preceding the date of conversion; and (5) each member of Lender, if resident in BC, must be an accredited investor as defined in MI 45-103 adopted by the British Columbia Securities Commission, (See Exhibit "A"). In the event that the Financing does close as anticipated, then the Lenders may elect to be repaid by notice to the Borrower at any time after the closing by providing 7 days written notice to the Borrower. If the Financing does not close by August 28, 2003, then the Loan shall become due and payable on September 8, 2003. FEES: In consideration for the Loan, Lender will earn a Lender's Bonus as follows: (1) ISTO will issue to Lender, or its nominee(s) as soon as practicable, 250,000 common shares of ISTO; (2) in the event that the Loan is not repaid on or before July 8, 2003 pursuant to the terms of the Convertible Loan Agreement, then ISTO shall issue an additional 100,000 shares to Lender. The shares issued to Lender will be restricted securities as defined under Rule 144 promulgated under the Securities Act of 1933, as amended, but will have "piggy-back" registration rights. In addition, any legal and administration fees associated with this transaction will be borne by the Borrower.
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TERMS OF LOAN. The Device described above is the sole property of ℮³ and shall be returned by Borrower at the conclusion of the Loan Period.
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Related to TERMS OF LOAN

  • Type of Loan means (i) with respect to Revolving Loans, a Base Rate Loan or a Eurodollar Rate Loan, and (ii) with respect to Swing Line Loans, a Base Rate Loan.

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Borrowing Resolutions are, with respect to any Person, those resolutions substantially in the form attached hereto as Exhibit D.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • The Advance Work Order or “Letter of Intent” means the intention of Purchaser to place the Work Order on the bidder.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • 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.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).

  • Notice of Swingline Borrowing shall have the meaning set forth in Section 2.4.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

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

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Request for Borrowing has the meaning provided in Section 2.3(a).

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Group Agents pursuant to Section 2.02(a).