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Third Loan definition

Third Loan means the amount of R25 000 000 (twenty five million Rand) which the Borrower agreed to borrow from the Lender and which the Lender agreed to lend to the Borrower and which amount was credited to the loan account of the Lender against the Company in terms of an agreement dated 13 November 1997 and which amount is still outstanding.
Third Loan shall have the meaning set forth in Section 1.8(a).
Third Loan shall have the meaning set forth in the Securities Purchase Agreement.

Examples of Third Loan in a sentence

  • Annual Cleandown of the Original Loan Agreement; and (iv) make such further amendments and modifications pursuant to and upon the terms and conditions as more particularly described and set forth in the Third Loan Modification.

  • Except as expressly modified pursuant to this Third Loan Modification Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect.

  • Nothing in this Third Loan Modification Agreement shall constitute a satisfaction of the Indebtedness.

  • No maker, endorser, or guarantor will be released by virtue of this Third Loan Modification Agreement.

  • The Lender shall have made the Third Loan Advance pursuant to the terms and conditions herein.

  • If no Loan Extension Option is exercised, 17 November 2022.If the First Loan Extension Option is exercised, 17November 2023.If the Second Loan Extension Option is exercised, 17November 2024.If the Third Loan Extension Option is exercised, 17November 2025.

  • The Third Loan bears an annual interest rate of 6.4% with a grace period of twelve months and a maturity date of July 2021.

  • The Borrower shall not incur or permit to exist any indebtedness for borrowed money other than (a) indebtedness to the Bank, (b) the Fifth Third Loan, and any refinancing thereof, (c) purchase money indebtedness, and (d) other indebtedness that does not exceed $500,000 in the aggregate at any time outstanding.

  • Upon the funding of the Second Loan on the Second Closing Date and the funding of the Third Loan, if any, Borrower shall pay to bocm3, LLC a nonrefundable closing fee of 5% of the amount of the Second Loan and Third Loan, if any (the “Subsequent Closing Fees”) to offset transaction costs of bocm3, LLC and its Affiliates.

  • Under the Statement of Claim, the Plaintiff alleges that it had provided 3 friendly loans to SCPJ wherein the First Loan for the amount of RM500,000 was paid on 23rd July 2012; the Second Loan on 3rd September 2012 for the sum of RM250,000 and the Third Loan was paid to Maju Institute of Educational Development (“MIED”) for the sum RM1,500,000 on the instruction of SCPJ.


More Definitions of Third Loan

Third Loan means the Facility B Loan.
Third Loan means the unsecured nonrecourse loan made to the Seller by LRMC in the original principal amount of $38,670; the rights, duties and obligations of the Seller as to the Third Loan are to be assumed by the Partnership as of the Initial Closing. The Third Loan: (i) is to be evidenced by a certain promissory note to be executed by the Partnership as of the Initial Closing; (ii) bears interest at the rate of one per cent (1%) per annum, compounded annually; and (iii) is to mature on March 31, 2026. Payments on account of principal of and interest on the Third Loan are to be made as follows: (a) payments on account of interest on and principal of the Third Loan are to be made annually from and to the extent of Net Cash Flow remaining available after payment of all obligations due with respect to the Development Fee; and (b) the entire outstanding balance of principal of and interest on the Third Loan shall be due and payable upon the maturity of the Third Loan.
Third Loan means the repayable contribution to be provided to the Fund as borrower solely for the benefit of the Trust Fund, by the Lender under this Third Loan Arrangement;
Third Loan means the loan of $750,000.00 from the Bank to the Borrower.
Third Loan means certain CDBG loan in the third mortgage lien position, made by the Third Lender, in the original principal amount of $1,154,462 as evidence by a promissory note and other documents dated as of substantially even date herewith.

Related to Third Loan

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • PPP Loan has the meaning set forth in Section 3.28.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Existing Loan means the loan identified on Exhibit H.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).