THE LOAN AGREEMENT Clause Samples
The Loan Agreement clause establishes the formal contract between a lender and a borrower, outlining the terms and conditions under which a loan is provided. It typically specifies the loan amount, interest rate, repayment schedule, and any collateral or guarantees required. By clearly defining the rights and obligations of both parties, this clause ensures mutual understanding and helps prevent disputes over the loan's terms.
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THE LOAN AGREEMENT. The Guarantor acknowledges that executed (or conformed) copy of the Loan Agreement and all other documents have been made available to it and it is familiar with the contents thereof.
THE LOAN AGREEMENT. The Primary Servicer shall be responsible, with the Purchaser, for the determination and application of the Eligibility Criteria and the delivery and certification of information relating to the Receivables required to be delivered under the Loan Agreement.
THE LOAN AGREEMENT. The yield on the Loan Agreement, computed without regard to qualified administrative costs incurred by the Authority and paid by the Company, may not exceed the Bond Yield by more than .125%. For this purpose, qualified administrative costs include costs or expenses paid, directly or indirectly, to purchase, carry, sell or retire the Loan Agreement and costs of issuing, carrying, or repaying the Bonds. Although actual payments by the Company with respect to qualified administrative costs, such as, for instance fees paid to the Authority, may be made at any time, for purposes of calculating the yield on the Loan Agreement, a pro rata portion of each payment made by the Company is treated as a reimbursement of reasonable administrative costs, such that the present value of such payments does not exceed the present value of the reasonable administrative costs paid by the Authority, using the yield on the Bonds as the discount rate.
THE LOAN AGREEMENT. Each of the Intermediate Companies has signed the Loan Agreement as a Parent Company Guarantor. Each of the Intermediate Companies has made certain representations and warranties and undertakings in favour of the Lender under the Loan Agreement. Each of the Intermediate Companies represents and warrants in favour of the Lender that, to the best of its knowledge, there is no misstatement of information or omission of information which makes any statement contained in the Loan Agreement false or misleading.
THE LOAN AGREEMENT. On 30 September 2024 (after trading hours), S-Enjoy Service and Seazen Holdings entered into the Loan Agreement, pursuant to which it is agreed that S-Enjoy Group shall extend to Seazen Holdings Group the New Loan in the principal amount of RMB120.0 million for a term commencing from the date of actual remittance and up to 29 September 2027.
THE LOAN AGREEMENT. The waiver set forth in this Section 1 shall be a limited waiver and shall not constitute a waiver of other violations or any subsequent violations, whether of a different or like nature, nor shall it constitute a course of conduct or dealing.
THE LOAN AGREEMENT. The following Definitions in Section 1.1 are hereby amended and restated to read as follows:
THE LOAN AGREEMENT. On 25 September 2014, Zhejiang Intime and ▇▇▇▇▇ Garment, an affiliated company of Ningbo Universal, entered into the Loan Agreement pursuant to which Zhejiang Intime agreed to lend RMB170,000,000 to ▇▇▇▇▇ Garment without interest and ▇▇▇▇▇ ▇▇▇▇▇▇▇ agreed to transfer the Basement Use Right, in relation to the ▇▇▇▇▇ Universal City Project, to Zhejiang Intime during the term of the Loan. As the applicable percentage ratio(s) in respect of the Asset Transfer Agreement and the Loan Agreement, on an aggregated basis pursuant to Rule 14.22 of the Listing Rules, are more than 5% but less than 25%, the entering into of the Asset Transfer Agreement and the Loan Agreement constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules and is therefore subject to the announcement requirement but exempt from the Shareholders’ approval requirement under the Listing Rules. The Directors, including the independent non-executive Directors, consider that the Asset Transfer Agreement and the Loan Agreement have been entered into on normal commercial terms and the terms of the Asset Transfer Agreement and the Loan Agreement are fair and reasonable and in the interests of the Shareholders as a whole. The Board is pleased to announce that on 25 September 2014, Zhejiang Intime, a subsidiary of the Company, and Ningbo Universal entered into the Asset Transfer Agreement pursuant to which Zhejiang Intime agreed to acquire and Ningbo Universal agreed to transfer the Target Assets in relation to the ▇▇▇▇▇ Universal City Project, which are currently under construction, for a total consideration of approximately RMB1,037,416,620 (subject to adjustment based on the actual area of the Target Assets upon completion of construction). 25 September 2014 The Asset Transfer Agreement will take effect upon the execution by the parties, all parties having completed the required approval procedures with the relevant authorities and Ningbo Universal having obtained pre-sale license for the Target Assets.
THE LOAN AGREEMENT. Agent shall have received, a counterpart to this Agreement signed by or on behalf of each Party hereto or written evidence satisfactory to Agent (which may include electronic transmission of a signed signature page to this Agreement) that such party has signed a counterpart to this Agreement;
THE LOAN AGREEMENT. Except as amended hereby, the Loan Agreement shall ------------------ continue in full force and effect and shall apply with equal force and effect to the Operating Partnership until termination or expiration in accordance with the terms thereof.