Examples of First Loan Agreement in a sentence
The Borrower shall, until the completion of the Project, maintain the Project Implementation Unit, the Project Policy and Coordination Committee, the two Project Advisory Committees, the Project Monitoring and Evaluation Unit and the Project Operational Unit within WDD, referred to in Schedule 5 to the First Loan Agreement, with such terms of reference as shall be acceptable to the Bank.
In respect of the First Loan, on 20 December 2021, Anyang University entered into an account receivables pledge agreement with the Lender, pursuant to which Anyang University agreed to pledge its account receivables in favour of the Lender for Anyang University’s liabilities under the First Loan Agreement (including but not limited to the First Loan, interest, damages, compensation, and fees incurred by the Lender in connection with any enforcement actions).
In respect of the First Loan Agreement, on 20 December 2021, each of the Company, Henan Chunlai Education Technology Co., Ltd.* (河南春來教育科技有限公司) (the “PRC Holdco”), and School Sponsor entered into a guarantee agreement with the Lender (collectively, the “First Loan Guarantee Agreements”).
The First Loan Agreement – Release of Proceeds of the First Loan” in the announcement of the Company dated 17 November 2020.
Subject to the Lender’s overriding right of repayment on demand, the First Borrower shall repay the First Loan in full in one lump sum together with all interest accrued thereon and all other monies payable under the First Loan Agreement on the First Repayment Date.