Examples of Bridging Loan Agreement in a sentence
Consequently, Rumeli and Telsim entered into a Memorandum of Understanding and KaR-Tel, by its General Manager, Mr. Sabri Fedai, entered into a separate Bridging Loan Agreement with Motorola to secure the payment by Motorola of USD 65 million on August 19, 1998.
Such bridging loan was refinanced to be subordinated term loan in August 2005 in accordance with such Bridging Loan Agreement.
Such bridging loan was refinanced to be subordinated term loan in July 2006 in accordance with such Bridging Loan Agreement.
Such bridging loan was refinanced to be subordinated term loan in May 2004 in accordance with such Bridging Loan Agreement.
Such bridging loan shall be refinanced to be subordinated term loan in September 2007 in accordance with such Bridging Loan Agreement.
The Tranche C Facility shall be made available to the extent that and in the amount that the Bridging Loan has been repaid by MC2 pursuant to the Bridging Loan Agreement and Tranche C Advances from time to time may be drawn PRO TANTO in an aggregate amount not exceeding the amount so repaid.
The amount to be provided to Scholz Recycling under the Bridging Loan Agreement represents a EUR30 million (equivalent to approximately HK$267 million) increase over the original terms as initially set out in the Debt Purchase Agreement.
Hence, if the UK property market experiences a downturn in value such that the values of the properties over which IAF may have security are less than the value of the loan secured on them then, in the event of a default in a Bridging Loan Agreement, IAF may not recover the full value of the Bridging Loan and any accumulated interest.
Furthermore, it specifies the type of security (“Permitted Securities”) which must be obtained by IAF from the Permitted Borrower in respect of any bridging facilities that it makes available pursuant to a Bridging Loan Agreement.
On 20 July 2016 (after trading hours), CRDL (as lender) and Scholz Recycling (as borrower) entered into the Bridging Loan Agreement for the provision of an up to EUR80 million (equivalent to approximately HK$712 million) Bridging Loan to Scholz Recycling.