Group Lending definition

Group Lending means a single loan made to multiple clients, for which they share repayment responsibility, or loans made to individuals who share repayment responsibility with one another.
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Group Lending means practice of working with individuals in small groups and lending to individuals who share repayment responsibility with one another (JLG – Joint liability group) in case of any difficulty that may arise for repayment.
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Examples of Group Lending in a sentence

  • Paragraph ‎5.3 of Part 8 of ‎this Schedule 7 (Completion Accounts) applies in respect of the conversion into GBP of any difference between that agreed or determined amount and the amount in respect of that debt which was included in the Estimated Intra Group Borrowing or the Estimated Intra Group Lending, as the case may be.

  • The Sellers shall deliver to the Purchaser a schedule listing the amounts of Estimated Cash and Estimated Intra Group Borrowing, Estimated Intra Group Lending, Estimated Working Capital and Estimated Debt, including a list setting out its estimate of the amount of each loan comprised within Intra Group Borrowing and Intra Group Lending and identifying the applicable currency of each such loan, prepared in good faith by the Sellers no later than ten (10) Business Days before the Completion Date.