Examples of Initial Bank in a sentence
The purpose of the Facility is to provide the Borrower with funds to finance the purchase of the Vessel and, accordingly, the Borrower shall apply all of the amounts raised by it hereunder in or towards such purpose (but so that neither the Agent nor the Initial Bank shall be obliged to concern itself with the application of amounts borrowed by the Borrower hereunder).
The Facility shall be made by the Initial Bank to the Borrower by way of a single Advance.
Provided that no such fee shall be payable if such prepayment was made pursuant to a refinancing of the Loan granted by the Initial Bank or by a syndicate of banks of which the Initial Bank is an agent or an underwriter.
The pre-tax discount rates implied in the cash flow projections ranging from 11.4% to 13.3% for the relevant business units (2015: 12.5% to 13.3%).
Except for the Series 2013C Bonds, the Bonds shall be purchased by the Borrower on the Initial Bank Tender Date and on each other Bank Tender Date by delivery of the Purchase Price to the Administrative Agent.