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.