RE: Sealand18 Dec 2024 14:20
Yes, exactly,
Then they will pay the first instalment,
Loan Note Terms:
· The total principal amount of the loan facility is £300,000, to be advanced in two separate tranches as follows:
o Tranche 1: £200,000 - to be advanced on or before 30 days from the date of this instrument.
o Tranche 2: £100,000 - to be advanced at the election of the Lender, but on or before 60 days from the date of this instrument.