![]() ![]() ![]() ![]() Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a drawdown loan to Borrower up to the maximum principal amount of One Million Dollars ($1,000,000.00) (" Drawdown Loan"), the proceeds of which shall be used solely for working capital requirements and other agreed upon expenses, if any. The outstanding principal balance of the Line of Credit, the Drawdown Loan and the Term Loan (collectively, the "Loans") shall bear interest, and the amount of each drawing paid under any Letter of Credit shall bear interest from the date such drawing is paid to the date such amount is fully repaid by Borrower, at a rate per annum four percent (4.0%) above the Base Rate in effect from time to time.īorrower's obligation to repay the Drawdown Loan shall be evidenced by a promissory note substantially in the form of Exhibit B attached hereto ("Drawdown Note"), all terms of which are incorporated herein by this reference. This authorisation policy is for Loan only and would apply for the main servicing transactions: Loan Drawdown, Loan Rollovers, Early Repayment, Partial Repayment, Full Repayment.Īll of the above commands, but the CA.create, reflect the typical interface available to the user of a token. A Loan shall only be considered to be a Delayed Drawdown Loan for so long as its unused commitment amount is greater than zero.įunds on deposit in the Unfunded Exposure Account as of any date of determination may be withdrawn to fund draw requests of the relevant obligors under any Delayed Drawdown Loan or Revolving Loan.Īs used in this Note, the defined terms as set forth in the Drawdown Loan Agreement between the Lender and Borrowers dated Octo(the “Loan Agreement”) shall have the same meanings as attributed thereto.įor all purposes (including calculation of the Coverage Tests), the principal balance of a Revolving Loan or a Delayed Drawdown Loan will include all unfunded commitments that have not been irrevocably reduced or withdrawn. ![]()
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