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 2.1 hereof.

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.

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.

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

• This would then be explored in more depth during the development phase.

• 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.

• 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.

• Any default by BXG resulting in a declared event of default in respect to the Indebtedness of BXG under the Fifth Third Loan Agreement, until such default is cured under the Fifth Third Loan Agreement.

• 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.

• As of the Effective Date, this Loan Agreement supersedes and replaces any and all prior agreements and understandings relating to the subject matter hereof, including without limitation, the Original Loan Agreement, the Second Loan Agreement, the Third Loan Agreement, the Fourth Loan Agreement, the Fifth Loan Agreement, the Sixth Loan Agreement, and the Seventh Loan Agreement.

More Definitions of Third Loan

Third Loan means the Facility B Loan.

Third Loan means the loan of $750,000.00 from the Bank to the Borrower.

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 shall have the meaning set forth in the Securities Purchase Agreement.

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;