LENDING AGREEMENT Clause Samples
A Lending Agreement is a contract that outlines the terms and conditions under which one party (the lender) provides a loan to another party (the borrower). It typically specifies the loan amount, interest rate, repayment schedule, and any collateral or guarantees required. For example, it may detail monthly payment obligations, late fees, and the consequences of default. The core function of a Lending Agreement is to clearly define the rights and responsibilities of both parties, thereby reducing the risk of misunderstandings and disputes regarding the loan.
POPULAR SAMPLE Copied 1 times
LENDING AGREEMENT. Subject to the terms and conditions hereinafter set forth, the Lenders, jointly and severally, agree to lend to PESI, and PESI agrees to borrow from the Lenders, a sum of THREE MILLION DOLLARS ($3,000,000.00) (the “Loan”), as evidenced by the Note (as defined below).
LENDING AGREEMENT. You and any firm succeeding to your firm are hereby authorized from time to lend separately or together with the property of others either to yourselves or to others any property which you may be carrying for me on margin. This authorization shall apply to all accounts carried by you for me and shall remain in full force until written notice or revocation is received by you at your principal office in New York.
LENDING AGREEMENT. The iPad 2 pilot program is made possible with a grant from The Berkman Faculty Development Fund.
LENDING AGREEMENT. Subject to the terms and conditions of this agreement, the Bank agrees to extend credit to the Borrower of up to the total amount of not to exceed $1,200,000.00.
LENDING AGREEMENT. Subject to the terms, provisions, covenants and agreements set forth in this Agreement, Lender agrees to lend to Borrower, and the Borrower agrees to borrow from Lender, up to the principal sum of Three Million Seven Hundred Fifty Thousand and No/100 Dollars ($3,750,000.00), to be used by Borrower for the purposes of: (a) paying contractors, mechanics, materialmen, and suppliers pursuant to the terms of contracts for services in fact performed and materials purchased for and either incorporated into the development of the Mortgaged Property or suitably stored on the Mortgaged Property for later incorporation (such development work and the Mortgaged Property are hereinafter collectively referred to as the “Development”); (b) reimbursing Lender for reasonable expenses incurred by Lender pursuant to this Agreement; and (c) paying other reasonable costs that are incidental or related to the cost of completing or financing the Development to the extent included in the Development Budget (defined below).
LENDING AGREEMENT. Subject to the terms and conditions of this Agreement and the Loan Documents, and in reliance upon the representations and warranties contained herein and therein:
LENDING AGREEMENT. By signing this Agreement, Trader authorizes MBC FINANCIAL SERVICES LTD and its affiliates to use all funds, securities, currencies and other property of Trader as specified in Paragraph 4 of the Trader Agreement.
LENDING AGREEMENT. Subject to the terms and conditions hereinafter set forth, Lender agrees to lend to Borrower, and Borrower agrees to borrow from Lender the sum of up to ONE MILLION DOLLARS ($1,000,000.00) (the “Loan Commitment”), to be used by Borrower solely for the purposes of (a) refinancing certain existing indebtedness owing by Borrower, (b) providing working capital purposes in connection with Borrower’s operation of its hospital, nursing home, clinic and medical office businesses on the Property (defined below), and (c) paying all fees and expenses required to be paid by Borrower hereunder.
LENDING AGREEMENT. Subject to the terms and conditions of this Agreement, the Lender confirms its agreement to lend to the Borrower and the Borrower agrees to borrow from the Lender the principal amount of $15,000,000.00. The Third Tranche Loan will be advanced directly to the LNG Subsidiary for the benefit of the Borrower to be used only for the Business. All advances to the Borrower and all payments and other deliveries to the Lender will be made in accordance with the instructions set forth on Schedule 2.
LENDING AGREEMENT. I will abide by ▇▇▇▇▇▇ ▇▇▇▇▇▇ Public Library’s Library of Things borrowing guidelines, as stated above.