Loan Conditions Clause Samples

Loan Conditions. The Borrower may not request a Loan disbursement unless the Lender has received all documents and evidence specified in Schedule 1, in a form and substance satisfactory to the Lender. [The Lender shall promptly notify the Borrower upon satisfaction of these conditions.] The Lender’s obligation to fund the Loan is subject to the following conditions being met on both the date of the Borrower’s Loan request and the scheduled drawdown date: the representations and warranties in Section 9 are true and correct [in all material respects] and remain so immediately after the Loan is disbursed; and

Loan Conditions. If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is conditional 168 upon Buyer determining, in Buyer’s sole subjective discretion, whether the New Loan is satisfactory to Buyer, including its 169 availability, payments, interest rate, terms, conditions, and cost of such New Loan. This condition is for the benefit of Buyer. 170 Buyer shall have the Right to Terminate under § 25.1, on or before Loan Conditions Deadline (§ 3), if the New Loan is not 171 satisfactory to Buyer, in Buyer’s sole subjective discretion. IF SELLER DOES NOT TIMELY RECEIVE WRITTEN NOTICE 172 TO TERMINATE, BUYER’S ▇▇▇▇▇▇▇ MONEY SHALL BE NONREFUNDABLE, except as otherwise provided in this 173 Contract (e.g., Appraisal, Title, Survey).

Loan Conditions. If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is conditional upon Buyer 152 determining, in Buyer’s subjective discretion, whether the New Loan is satisfactory to Buyer, including its availability, payments, interest rate, 153 terms, conditions, and cost of such New Loan. This condition is for the benefit of Buyer. If such New Loan is not satisfactory to Buyer, Seller must 154 receive written notice to terminate from Buyer, no later than Loan Conditions Deadline (§ 2.3), at which time this Contract shall terminate. IF 155 SELLER DOES NOT TIMELY RECEIVE WRITTEN NOTICE TO TERMINATE, THIS CONDITION SHALL BE DEEMED 156 WAIVED, AND BUYER’S ▇▇▇▇▇▇▇ MONEY SHALL BE NONREFUNDABLE, EXCEPT AS OTHERWISE PROVIDED IN THIS 157 CONTRACT (e.g., Appraisal, Title, Survey).

Loan Conditions. A Shareholder may issue a loan to the Corporation upon approval by all Shareholders and only under the following conditions, unless otherwise agreed upon. [SHAREHOLDER LOAN CONDITIONS].

Loan Conditions. [DRAFTING NOTE: Banking and financial conditions and covenants will need to be inserted here on an individual project basis and to reflect the market. Example headings for the provisions expected to be included are provided below.] 5.1 Interest 5.2 Security 5.3 Council's costs charges and expenses in providing the Loan 5.4 Repayment 5.5 Payments by the Borrower

Loan Conditions. If Buyer is to pay all or part of the Purchase Price with a New Loan, this

Loan Conditions. A Shareholder may issue a loan to the Corporation upon approval by the Board of Directors and only under the following conditions, unless otherwise agreed upon. The loans shall be unsecured and at interest rates no greater than 10% per annum, without the approval of all Shareholders.

Loan Conditions. If it is a condition to the closing of the construction financing for the Project that only union labor be employed on the Project, Contractor agrees that only labor employed under valid union contracts will be employed on the Project and the Project Site.

Loan Conditions. Only when all the following conditions are satisfied or when they are abandoned by the Lender in written, may the Lender be obligated to provide a loan to the Borrower according to Clause 1.1 hereof. The Lender has received a loan-getting notice duly signed by the Borrower according to Clause 1. 2 hereof.