Sanction Letter definition
Sanction Letter means the letter issued by the Lender sanctioning the Loan with the relevant particulars as mentioned in the letter.
Sanction Letter means the letter issued by the Lender sanctioning the Loan along with the relevant particulars, terms & conditions mentioned in the same.
Sanction Letter means the letter bearing number dated and addressed by the Bank to the Borrower and conveying the in principle sanction of the Bank of the Financial Facility to the Borrower.
Examples of Sanction Letter in a sentence
In the event of any default in creation of the Security agreed hereunder, within 30 days from the date hereof or as stipulated in the Sanction Letter, the Borrower shall be liable to pay Late Payment Charges at such rate as may be specified in Schedule.
The Borrower/s shall execute and enter into binding, valid and enforceable Finance Documents with the Lender pertaining to the Loan and such other documents as may be required by the Lender with respect to the Transaction Documents and in terms of the Sanction Letter issued by Lender.
The Borrower/s shall obtain and provide the Lender a no-objection certificate for creation of Security in favor of the Lender in terms of the Transaction Documents and Sanction Letter.
More Definitions of Sanction Letter
Sanction Letter means the letter issued by the Bank sanctioning the Facility, together with the relevant particulars, terms and conditions mentioned in the same, and includes the subsequent sanction letter(s) issued by Bank regarding the Facility from time to time or any other communication sent by the Bank and any and all amendments, modifications, variations, supplemental, extensions and/or replacements to any or all of the above, from time to time.
Sanction Letter means the letter containing the agreement between the Bank and the Customer/Client for the purpose of obtaining a financing facility and incorporates the terms and conditions for the provision of the said facility.
Sanction Letter means the letter issued by the Lender to the Borrower, sanctioning the Loan and/or letter(s) as may be issued by the Lender from time to time to the Borrower for any other purposes in accordance with this Agreement including for any switch or conversion, as the case may be, relating to the Interest Rate or from/to Flexi Account facility.
Sanction Letter means the sanction letter No. -------- dated --------- issued by Office of DC(HL).
Sanction Letter means the letter as of the date specified in Schedule 4 hereof in connection with sanction of the Facility, and as amended from time to time.
Sanction Letter means the letter issued by the Bank sanctioning the Overdraft Facility (if any) with the relevant particulars as mentioned in the letter including any such letter issued subsequently with any modification.
Sanction Letter means the sanction letter No. -------- dated ---------