Lending Banks definition
Examples of Lending Banks in a sentence
The condition precedent to the Lending Banks' assumption of the obligation to disburse the Loan under the Loan Agreement is, including but not limited to, the receipt by the Agency Bank of the unconditional and irrevocable Guarantee in favor of the Lending Banks issued by the Guarantor, guaranteeing that the Borrower will pay all the payable sums from time to time to the Lending Banks through the Agency Bank on a timely basis in accordance with the Loan Agreement.
All consents and approvals required in connection with the execution, delivery and performance of this Agreement shall have been obtained, save for any consent required from the present Lending Bank(s).
The Loan Agreement Provides that the total amount of the principal of the loan (the "Loan") granted to the Borrower by the Lending Banks shall not exceed Renminbi five billion (RMB 5,000,000,000.00).
The Loan Agreement Provides that the total amount of the principal of the loan (the "Loan") granted to the Borrower by the Lending Banks shall not exceed Renminbi seven billion five hundred million (RMB 7,500,000,000.00).
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.
Pursuant to the Credit Agreement, (1) the Guarantor Banks agreed to grant to the Borrower a S$236,800,000 guarantee facility and (2) the Lending Banks agreed to grant to the Borrower a US$143,200,000 term loan facility, upon the terms and subject to the conditions of the Credit Agreement.
Purchaser may, upon written notice to Seller and the Company of at least thirty (30) days prior to Closing, elect to have the Company prepay, at and subject to Closing, the Lending Banks Loans and, subject to any consent, if required, of the Lending Banks, the Company shall do so at Closing with, and subject to, the full cooperation of Purchaser (including arranging for a replaced financing to the Company, if needed).
The total outstanding loans under the Lending Banks Loans as of the date hereof is as set forth in Part 2.4(c) of the Disclosure Schedule, and at Closing shall not exceed NIS 800,000,000.
In such case, Purchaser further acknowledges that any prepayment commission or penalty imposed by the Lending Banks shall be its (or, post Closing, the Company's) sole responsibility and, for the sake of clarity, shall not be reduced from the Consideration.
All consents and approvals required in connection with the execution, delivery and performance of this Agreement shall have been obtained; however, Seller shall only obtain and provide evidence in connection with the sale of the shares to Buyer upon either (a) consent of the Lending Banks to the sale of the shares or (b) repayment of the Loan of HSH NORDBANK AG at the expense ultimately of Buyer and lifting of the mortgage(s) of DVB Bank latest upon the Final Closing Date.