Loan Agreement借款合同范本Word文档格式.docx
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),andtheseveralbanksandfinan
),andtheseveralbanksandfinancialinstitutionsnamedas.Banksonthesignaturepageshereof,aslenders(collectivelythe"
Banks"
andeachindividual-lyBank"
).
WHEREAStheBorrowerproposestoborrowfromtheBanks,andtheBands,severallybutnotjointly,proposetolendtotheBorrower,anaggregateamountof$50,000,000,thepartieshaveagreedasfollows.
1.DEFINITIONS;
INTERPRETATION
1.1.Definitions,ForpurplsesofthisAgreement,thefollowingtermsshallhavethemeaningsindicated
BankingDay"
meansadayonwhichdealingsindepositsinDollarsarecarriedoninthe
LondoninterbankmarketandbanksareopenforbusinessinLondonandnotrequiredorau-thorizedbylawtocloseinNewYorkCity,and"
LondonBankingday"
meansadayonwhichdealingsindepositsinDollarsarecarriedonintheLondoninterbankmarketandbanksareopenforbusinessinLondon.
DisbursenentDate"
hasthemeaningassignedtothatterminSection2.2.
Dollars"
oru"
$"
meanslawfulmoneyoftheUnitedStates.
EventofDefault"
hasthemeaningassignedtothatterminSection11.1.
InterestPaymentDate"
,withrespecttoanylnterestPeriod,meansthelastdayofsuchIntersestPeriod.
InterestPeriod"
meanstheperiodcommencingontheDisbursementDate(inthecaseoftheinitialInterestPeriod)oronthelastdayofthenextprecedingInterestPeriod(inthecaseofanysubsequentInterestPeriod)andendingonthedaynumericallycorrespondingtotheDisbursementDateorsuchlastday(asthecasemaybe)inthesixthmonththereafter.
LendingBranch"
,withrespecttoanyBank,meanstheofficeofsuchBanknameinExhibitAorsuchotherofficeofsuchBankassuchBankmaydesignateasitslendingbranchforpurposesofthisAgreementatanytimebynoticetotheAgentandtheBorrower.
LIBOR"
,withrespecttoanyInterestPeriod,meanstherateofinterest(expressedasanannualrate)determinedbytheAgenttobethearithmeticmean(roundeduptothenear-estone-eighthofonepercent(1/8%),oftherespectiveratesofinterestcommunicatedbytheseveralReferenceBankstotheGentastheratesatwhicheachsuchReferenceBank(or,ifsuchReferenceBankisnotaBank,bysuchofficeoraffiliateofsuchReferenceBankasisabank)wouldofferadepositinDollarsforatermcoextensivewithsuchInterestPeriodinanamountsubstantiallyequaltotheamountofitsLoanscheduledtobeoutstandingduringsuchInterestPeriod,roundeduptothenearestintegralmultipleof1,000,000(withouttak-ingintoaccountanyassignmentortransferofanyrightsorobligationshereunder)tomajorbanksintheLondoninterbankmarketatapproximately11:
00a.m..LondontimetwoLon-donBankingDayspriortothecommencementofsuchInterestPeriod;
provided,however,thatifanyoftheRe
Loan"
,withreapecttoanyBankatanytime,meanstheloantobemadehereunderbysuchBankortheloanmadebysuchBankhereunderintheprincipalamountthenoutstanding(asthecasemaybe),and"
Loans"
ATanytimemeanstheaggregateoftheLoansofalltheBanksatsuchtime.
LoanCommitment"
,withrespecttoanyBank,meanstheamountdesignatedassuchandsetforthoppositethenameofsuchBankonthesignaturepageshereof.
MajorityBanks"
means,atanytimepriortothedisbursementofanyLoanorLoans,BankstheLoanCommitmentsofwhichtotalmorethanfiftypercent(50%)oftheTotalLoanCommitmentand,atanytimethereafter,Banksmaintainingloansconstitutingmorethanfiftypercent(50%)oftheaggregatedprincipalamountoftheLoansatsuchtime.
Margin"
meansonepercent(1%).
Note"
meanseachpromissorynoteevidencingtheLoanofanyBank,substantiallyintheformofExhibitB.
ReferenceBanks"
meanstheprincipalLondonofficesofBBank,CBank,andDBank."
Subsidiary"
atanytimemeansanyentityofwhichmorethanfiftypercent(50%)oftheoutstandingvotingstockorotherequityinterestentitledordinarilytovoteintheelectionofthedirectorsorothergoverningbody(howeverdesignated)ofsuchentityisatthetimebeneficiallyownedorcontrolleddirectlyorindirectlybytheBorrower,oneormoresuchen-titiesortheBorrowerandoneormoresuchentities.
TerminationDate"
meansin____
TotalLoanCommitment"
means$50,000,000.
UnitedStates"
meanstheUnitedStatesofAmerica.
1.2.Interpretation.Thetableofcontentsandtheheadingsofthearticlesandsectionshereofareforconvenienceofreferenceonlyandshallnotaffectthemeaningorconstruction.
ofanyprovisionhereof.
2.COMMITMENTS;
DISBURSEMENT
2.1.CommitmenttoLend.Onthetermsandsubjecttotheconditionssetforthherein,eachBank,severallybutnotjointly,agreestomakealoanthroughitsLendingBranchtotheBorrowerinaprincipalamountequaltosuchBank&
#39;
sLoanCommitment.
2.2.NoticeandCommitmenttoBorrow.lftheBorrowerwishestoborrowanamountequaltotheTotalLoanCommitmenthereunder,itshall,notlaterthan5:
00p.m.NewYorkCitytimeonthefifthBankingDaynextprecedingthedateitwishestodesignateforsuchborrowing,givetheAgentnotice,substantiallyintheformsetforthinExhibitC,ofsuchdate(the"
DisbursementDate"
),whichdateshallbeaBankingDaypriortotheTermi-nationDate,andtheaccountinNewYorkCitytowhichtheproceedsoftheLoansaretobecredited.ThegivingofsuchnoticeshallconstitutetheBorrower&
sirrevocablecommitmenttoborrowsuchamountontheDisbursementDate.
2.3.Disbursement.TheAgentshallgivepromptnoticetoeachBankbytelexorcableoftheDisbursementDate.By10:
00a.m.NewYorkCitytimeontheDisbursementDate,eachBankshall,subjecttotheconditionssetforthherein,makeavailabletotheAgentanamountequaltosuchBank&
sLoanCommitment,infundssettledthroughtheNewYorkClearingHouseInterbankPaymentsSystemorsuchotherfundsastheAgentmayatthetimedeterminetobecustomaryforthesettlementinNewYorkCityofinternationalbankingtransac-tionsdenominatedinDollars,bydeposittotheAgent&
saccount.No.maintainedatBBank,ortosuchotheraccountastheAgentmayhavethereforedesignatedbynoticetotheBanks.Subjecttotheconditionsetforth
herein,theAgentshall,ontheDisbursementDate,creditthefundssoreceivedtotheaccountspecifiedbytheBorrowerpursuantsosec-tion2.2.
3.REPAYMENT
3.1.Repayment.Exceptasotherwiseexpresslyprovidedherein,theBorrowershallre-payeachLoaninninesemiannualinstallments,eachsuchinstallmentinanamountequaltoone-ninthofsuchLoan;
provided,however,thatthefirsteightsuchinstallmentsshalleachberoundeddowntothenearestintegralmultipleof$1andthelastsuchinstallmentshallbeintheamountnecessarytorepayinfulltheoutstandingbalanceofsuchLoan.TheinstallmentsofeachLoanshallbepayableonsuccessiveInterestPaymentDatescommencingwiththeeighthIntetestPaymentDate.
3.2.OptionalPrepayment.TheBorrowermayprepaytheLoansinwholeorinpartinanintegralmultipleof_____onanyInterestPaymentDate,if,notlaterthan5:
00p.m.NewYorkCitytimeonthefifteenthBankingDaynextprecedingthedateonwhichtheBor-rowerwishestomakesuchprepayment,itshallgiveirrevocablenoticetotheAgenofsuchdateandtheamounttobeprepaid.Theamountsospecifiedshallbepaidonsuchdateto-getherwithinterestaccruedtothedateofprepaymentonsuchamountandapremiumfortheaccountofeachBankofonehalfofonepercent(1/2%)oftheamountbeingprepaidtosuchBank.AnypartialprepaymenthereundershallbeallocatedprorataamongtheLoansandap-pliedsequentiallytotheinstallmentsprovidedforinSection3.1ininverseorderoftheirma-turities.AnyamountsoprepaidmaynotbereborrowedunderthisAgreement.
3.3.Illegality.IfanyBankdeterminesatanytimethatanylaw,regulationortreatyoranychangethereinorintheinterpretationorapplicationthereofshallmakeitunlawfulforsuchBanktomakeormaintainitsLoanortoclaimorreceiveanyamountotherwisepayablehereunder,suchBankshallgivenoticeofsuchdeterminationtotheBorrower.IfsuchnoticeisgivenbeforethedisbursementofsuchLoan,theobligationsofsuchBankunderthisA-greementshallterminateuponthegiveingofsuchnotice.Ifsuchnoticeisgivenafterthedis-bursement
ofsuchLoan,theBorrowershallprepaysuchLoaninfullontheInterestPay-mentdateDatenextsucceedingthedateofsuchnoticeor,ifsuchBankdeterminesthatsuchpre-paymentisrequiredpriortosuchInterestPaymentDate,ondemandofsuchBank,withoutpreminumbuttogetherwithinterestaccruedtothedateofprepaymentonsuchLoanandallotheramountsthenpayabletosuchBankbytheBorrowerhereunder.
4.INTEREST
4.1.BasicRate.(a)ExceptsasotherwiseexpresslyprovidedinSection4.2orSection4.3,interestshallaccrueoneachLoanduringeachInterestPeriod,fromandincludingthefirstdayofsuchInterestPeriod,tobutexcludingthelastdaythereof,atarateperannume-qualtothesumoftheMarginandLIBORforsuchInterestPeriod.
(b)Exceptasotherwiseexpresslyprovidedherein,accruedinterestontheLoansshallbepayableoneachInterestPaymentDate.
(c)TheAgentshallgivenoticetotheBorrowerandtheBanksofLIBORpromptly