Examples of Offshore Loan in a sentence
The Offshore Loan Facility will be used for repayment of inter-company loans raised for the purpose of refinancing an existing banking facility of the Offshore Borrower.
The tenor of the Onshore Loan Facility shall be 5 years commencing from the first drawdown date of the Onshore Loan Facility, or up to the maturity date of the Offshore Loan Facility (as defined below), whichever is later.
The tenor of the Offshore Loan Facility shall be 5 years from the drawdown date of the Offshore Loan Facility or up to the maturity date of the Onshore Loan Facility, whichever is earlier.
Bank accounts under these General Terms shall include, without limitation, Ordinary Accounts, Direct Investment Capital Accounts, Indirect Investment Capital Accounts, Offshore Loan Accounts, and other accounts specified in the Request to Open Bank Account maintained by the Customer with the Bank from time to time (the “ Accounts”).
If an event of default under the Offshore Loan Agreement occurs, the Offshore Lender may declare all outstanding amounts together with all interest accrued under the Offshore Loan Facility to be immediately due and payable.