Approval Letter definition
Examples of Approval Letter in a sentence
You shall pay interest on the outstanding on the Debt Consolidation Loan Account at such rate(s) indicated in the Approval Letter or as we may from time to time at our discretion specify by notice to you with effect from the Debt Consolidation Date.
You shall make prompt payment of the monthly repayment amount to us on or before the due dates for payment as stated in the Approval Letter until full payment of the outstanding on the Debt Consolidation Loan Account has been received by us.
The tenure of the loan shall be as stated in the Approval Letter.
Failure of the Lender to perfect security interests or obtain guaranties stated as conditions in VSBFA’s Approval Letter or the Lender’s loan commitment, or failure of the Lender to obtain written approval from VSBFA for repayment terms or a repayment schedule other than that originally approved by VSBFA, or failure of the Lender to comply with the terms and conditions of this Agreement, shall release VSBFA from its obligations under this Agreement.
This Agreement and VSBFA’s Approval Letter contain the sole and entire understanding and agreement between the Lender and VSBFA with respect to its entire subject matter, and all prior negotiations, discussions, commitments, representations, agreements and understandings with respect thereto are merged herein.