Lending Bank definition

Lending Bank means B&W who will advance or proposes to advance funds pursuant to the Loan Offer.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Lending Bank means the bank that grants the subordinated loan to the assignee;

Lending Bank means a bank concerned with the granting of loans under this Act;

Examples of Lending Bank in a sentence

• If the Borrower desires to repay the loan ahead of the schedule, the Borrower must submit an application to the Lending Bank 30 business days in advance for approval.

• The Lending Bank and the guarantor must enter into a guarantee contract and process necessary certification and registration of and insurance on the security property.

• The Borrower must repay the loan principal in full and on time to the Lending Bank.

• The Borrower must pay all the amount due hereunder in full and shall not make offsets, deductions or withholdings of any nature or use any debt owed by the Lending Bank to the Borrower to offset any debt obligations.

• The Lending Bank may transfer the creditor’s right hereunder to any third party without the need to obtain prior consent from the Borrower, provided, however, that the Borrower is notified in writing at the time of such transfer.

• The headings of sections and subsections herein are included solely for convenience of reference and shall not affect the meaning of any of the provisions of this Award Document.

• Upon request by the Lending Bank, the Borrower must immediately reimburse the Lending Bank in full for all the fees incurred by the Lending Bank in exercising its rights hereunder, including but not limited to litigation expenses, attorney fees, travel and lodging expenses and other fees.

• If the Borrower fails to repay the loan principal or to make interest payment on time, the Lending Bank shall have the right to deduct the corresponding amounts, in the order of fees payable, loan interest and compound interest and loan principal, from any accounts set up with the Lending Bank or within the banking system of the Lending Bank’s branch organizations.

• During the effective period of this contract, the Lending Bank shall have the right to examine the Borrower’s use of the loan and the Borrower must provide explanation and documents to the Lending Bank at the Lending Bank’s request.

• Any grace period, favorable treatment or extension granted by the Lending Bank to the Borrower shall not affect, damage or restrict any other rights to which the Lending Bank is entitled in accordance with the provisions herein and with the law and statutes, nor shall they be considered a waiver by the Lending Bank of its rights and interests hereunder or affect the Lending Bank's responsibilities and obligations hereunder.

More Definitions of Lending Bank

Lending Bank means China Construction Bank Corporation Shaanxi Branch;

Lending Bank means any Bank assigned any portion of the Lender's Revolving Loans and Commitment pursuant to Section 10.12 of this Agreement.

Lending Bank means biw Bank für Investments und Wertpapiere AG.

Lending Bank means: (1) Bank of China Limited only in reference to the credit line extended by Bank of China Limited, or (2) Bank of China (Hong Kong) Limited, Shanghai Branch only in reference to the credit line extended by Bank of China (Hong Kong) Limited, Shanghai Branch. Except as indicated by the context, it shall mean a single Lending Bank;