Examples of Facility Documentation in a sentence
All payments to the Bank with respect to Obligations shall, unless otherwise specified in the relevant Application or Facility Documentation, be payable in the currency in which such Obligations are due on the due date thereof in immediately available funds to the account of the Bank at the Bank's branch extending the loan or to such other account and/or in such other place as the Bank may from time to time designate by notice to the Customer.
To the extent that any negotiable instrument, Application, Facility Documentation or other agreement or document has been or is delivered to the Bank in incomplete form, the Customer hereby irrevocably and unconditionally authorizes the Bank to complete all blanks therein by inserting such dates, amounts and other information or language as is necessary to reflect the agreement and intent of the parties, and irrevocably undertakes to ratify the consequences of such completion by the Bank.
Other than on Facilities where the Bank elects to discount fees and/or interest in advance and except as may otherwise be expressly and specifically provided in the relevant Application and/or Facility Documentation, interest and fees on Facilities shall be paid monthly on the last Business Day (defined below) of the month or otherwise as specified by the Bank.
Notwithstanding the foregoing, in the event of any default in the payment when due, of any Obligation, the unpaid amount shall bear default interest, payable on demand, unless otherwise specified in the relevant Application or Facility Documentation, at the rate determined by the Bank from time to time to be four percent per annum (4% p.a.) above the Bank's cost of funds ("Default Rate").
This Agreement, the Applications, the Facility Documentation and all Security related documentation may be executed in both Chinese and English.