Third Party Loans definition
Examples of Third Party Loans in a sentence
The Third Party Loan has a reasonable interest rate which does not and will not exceed the maximum interest rate for Third Party Loans from commercial financial institutions as published periodically by SBA in the Federal Register and in effect as of the date of this Agreement.
A Project financing must include one or more Third Party Loans totaling at least as much as the 504 loan.
Earlier repayment will be required: (1) from proceeds of the sale of the Company Shares (as hereinafter defined) pledged as collateral in excess of the Third Party Loans (as hereinafter defined) or (2) in the event that the undersigned voluntarily terminates his employment with the Company.
The Third Party Loan(s) has a term of at least 7 years for a 10 year debenture and at least 10 years for a 20 year debenture.
Borrower shall not deposit advances from Lender or repayments from borrowers under Third Party Loans into any other accounts.