Loan to Borrower. The Issuer covenants and agrees, upon the terms and conditions in this Agreement, to make a loan to the Borrower for the purpose of refunding the Prior Bonds. Pursuant to said covenant and agreement, the Issuer will issue the Bonds upon the terms and conditions contained in this Agreement and the Indenture. The Issuer and the Borrower agree that the application of the proceeds of sale of the Bonds to refund and redeem the Prior Bonds will be deemed to be and treated for all purposes as a loan to the Borrower of an amount equal to the aggregate principal amount of the Bonds. The Borrower covenants and agrees to pay to the trustee for the Prior Bonds an amount which, when added to the amounts transferred to such trustee pursuant to Section 3.02 of the Indenture, will be sufficient to pay, on or before August 1, 2005, the redemption price of the Prior Bonds and all other amounts due under the indenture pursuant to which such Prior Bonds were issued all in accordance with the terms of such indenture.
Loan to Borrower. The Loan to be made hereunder will be evidenced by Borrower’s Promissory Note. The Note will be payable as set forth therein.
Loan to Borrower. The City and the Borrower agree that the application of the proceeds of sale of the Bonds to refund and retire a portion of the Prior Bonds and the first mortgage bonds of the Borrower relating thereto will be deemed to be and treated for all purposes as a loan to the Borrower of an amount equal to the principal amount of the Bonds.
Loan to Borrower. (i) The Company will make the Loan to Borrower for its use in acquiring, planning and developing the Property and paying fees and other debt service payments relating to the Property and the Loan. The Loan will be evidenced by certain loan documents (including, but not limited to, a loan agreement, a promissory note, and a deed of trust encumbering the Property) (collectively, the “Loan Documents”), which will include such terms and conditions as the Manager may deem appropriate, including, but not limited to, the Loan will have a one-year loan term (subject, however, to one 90-day extension thereof), be subject to simple interest at the rate of 15% per annum (subject to increase in the event of a default under the Loan), and require monthly interest-only payments with the outstanding balance due upon maturity.
Loan to Borrower. The Authority hereby lends to the Borrower the maximum principal sum of $13,000,000, derived solely from the proceeds of sale of the Bonds. The Borrower hereby borrows said sums from the Authority pursuant to this Loan Agreement for the purpose of (a) purchasing the Project Facility; (b) funding the Debt Service Reserve Account of the Bond Fund; and (c) paying all or a portion of the costs incurred in connection with the issuance of the Bonds
Loan to Borrower. The loan will be evidenced by Borrower's Promissory Note payable to Lender ("Note") in the principal amount of $ ("Loan"). The purpose of the Loan is to pay for labor and materials to construct, repair, replace, alter, or add to a residence certain improvements ("Improvements") on the Property ("Work") located at: , ("Property"). The Work is described in the plans, specifications and statements showing the itemized cost of construction which shall be incorporated into the Loan Agreement.
Loan to Borrower. Subject to the terms and conditions herein set forth, the Company agrees to lend to the Borrower the Principal Amount.
Loan to Borrower. A. Pursuant to the terms of certain agreements between the Corporation and Borrower, Borrower has been granted certain rights to purchase common shares of the Corporation. Subject to the terms and conditions of this Agreement, Lender shall from time to time make advances ("Advances") to Borrower during the period from the date hereof until the termination of this Agreement to be used for the sole purpose of purchasing the common shares of the Corporation in accordance with the term of such other agreements between the parties, up to a maximum loan amount of Two Million ($2,000,000) Dollars (the "Loan"). In no event shall Lender have any obligation to make Advances to Borrower following the occurrence of any Event of Default as defined in Section 9 of this Agreement. Each such Advance shall be evidenced by a demand promissory note (the "Promissory Note") substantially the form of the sample note attached hereto as Exhibit A. The terms of all such Promissory Notes are by this reference incorporated in this Agreement. This Agreement, each Promissory Note and the New Note (defined below) may be collectively referred to herein as the "Documents."
Loan to Borrower. Lender has agreed to make a loan to Borrower in the principal amount of up to $15,700,000 (the “Loan”) in accordance with the terms and conditions of this Agreement. Along with other sources of capital, Borrower shall use the proceeds of the Loan to make the Leverage Loan. All obligations, liabilities and indebtedness of Borrower under and in connection with the Loan and any or all of the documents executed in connection with the Loan (collectively, “Loan Obligations”) are secured by a collateral assignment of Leverage Loan Documents, pursuant to that certain Collateral Assignment of Leverage Loan Documents, dated as of the date hereof, from Borrower to Lender (as amended, restated, supplemented or otherwise modified at any time and from time to time, the “Assignment”). This Agreement, the Note (as hereinafter defined), the Assignment and any and all other agreements, documents or instruments which at any time evidence, secure or guaranty payment and/or performance of all or any portion of the Loan Obligations, as the same may be amended, restated, supplemented or otherwise modified at any time and from time to time, are collectively referred to herein as the “Loan Documents”).
Loan to Borrower. The Authority and the Borrower agree that the application of the proceeds of sale of the Bonds to refund and retire the Prior Bonds and the prior first mortgage bonds of the Borrower relating thereto will be deemed to be and treated for all purposes as a loan to the Borrower of an amount equal to the principal amount of the Bonds.
