Examples of Loan Transaction Documents in a sentence
If any amount is not paid by the Borrower when due under the Loan Transaction Documents, interest will accrue on such amount at the then current rate applicable to the Loan plus 2.0 per cent per annum.
The financial condition of the Borrower may cause it to default or become unable to pay interest or principal due or otherwise fail to perform under the Loan Transaction Documents.
Such proceedings may result in, among other things, a substantial reduction in the interest rate and a substantial write down of the principal of the Loan Transaction Documents.
Any adverse effect on the Borrower may, through the performance of the Common Stock or the Loan Transaction Documents, affect the performance of the Notes and the Issuer’s ability to meet its obligations in respect of the Notes.
Monies may be held by The Bank of New York Mellon, London Branch, pursuant to the Account Bank Agreement or Unwind Account Custody Agreement to facilitate the transfer of the proceeds of the issuance of Notes to the Borrower pursuant to the Loan Transaction Documents, for the purchase of Common Stock and / or payment of any Interest Amount or Redemption Amount to Noteholders.
Insolvency of the Borrower could reduce or eliminate the return to the Issuer on the Loan Transaction Documents and so may impair payments on the Notes There is a significant risk that the Borrower may enter bankruptcy proceedings.
The Issuer bears the risk that the Borrower may default on its obligations or otherwise fail to honour its obligations to holders of Common Stock or under the Loan Transaction Documents.
The Issuer cannot collect interest and principal payments on the Loan Transaction Documents if the Borrower defaults.
In the event that the Borrower defaults or the Notes are subject to redemption there is no assurance that the Loan Transaction Documents or the Common Stock can be sold whether in a distressed sale or otherwise.
There is no loan guarantor guaranteeing the payment of principal or interest under the Loan Transaction Documents.