Proposed Loan definition
Examples of Proposed Loan in a sentence
If a new Utilisation Request is received by the relevant Agent prior to the applicable Specified Time with a Proposed Loan equal to or less than, when aggregated with the Outstanding Facility Amount, to the Collateral Value shown in the Collateral Report, that relevant Agent shall advance the relevant funds received from the Lenders in an amount equal to the amount specified in the new Utilisation Request.
The Agent shall by close of business on that day return to each Lender any part of that L▇▇▇▇▇'s participation in a Proposed Loan not advanced.