Examples of Loan Account in a sentence
No withdrawal shall be made from the Loan Account until the Bank has received payment in full of the Front-end Fee.
Notwithstanding any other provision of this Loan Agreement, no withdrawals shall be made from the Loan Account for Works until (a) the Borrower has allocated adequate funds for land acquisitions to MOTC; and (b) all land and right-of-way required for Works are free and clear from any and all rights or claims of third parties and any other encumbrances.
The following is specified as an additional event for suspension of the right of the Beneficiary to make withdrawals from the Loan Account, to be used as Subsidiary Loan Proceeds under the Credit Line, for the purposes of Section 8.01(m) of the Loan Regulations: any MFI shall have failed to perform its obligations under a Subsidiary Loan Agreement to which it is a party or under the related Project Agreement.
The principal amount of each Subsidiary Loan made by the Project Implementing Entity to each of the Project Companies, shall be the amount equivalent in Dollars (on the respective dates of withdrawal from the Loan Account) of the value of the currency or currencies so withdrawn on account of the Project Company’s Respective Parts of the Project.
The Agreement is for the benefit of the Extended Credit Facility (ECF) Loan Account of the PRGT to finance disbursements under that facility.