Sanction Letter definition

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.

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.

Examples of Sanction Letter in a sentence

• The Borrower shall utilize the Loan only for the purposes as mentioned in the Sanction Letter of the Bank.

• As per conditions precedent to disbursement of Loan specified in Loan Sanction Letter and Loan Agreement, Loan sanctioned would be disbursed subject to technical and legal scrutiny of the property and title documents.

• The Borrower agrees to pay to the Bank the amount of any cost incurred by the Bank or any of its Affiliates as a result of: [a] The introduction of, or any change in, or any change in the interpretation, administration or application of, any law or regulation; or [b] compliance with any law or regulation made effective after the date of Sanction Letter.

• On the performance by the Borrower of all conditions precedent as provided in the Sanction Letter and upon receipt of Drawdown Notice duly completed, the Bank may at its sole and absolute discretion disburse to the Borrower the amount in the currency set out in the Drawdown Notice and on the terms set out there in unless otherwise communicated by the Bank.

• The Borrower agrees and confirms the terms and conditions of the Sanction Letter of the Bank should be in addition and be read in conjunction with this Agreement.

More Definitions of Sanction Letter

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 letter issued/ to be issued by the Bank for a particular transaction and duly accepted and acknowledged by the Borrower and/or Obligor/s, as may be required by the Bank and any further amendments, renewals, modifications carried out from time to time by the Bank.

Sanction Letter means the letter, if any, issued by the Lender and accepted by the Borrower, in connection with the Loan and would include any variations and amendments thereto, from time to time. Sanction Letter shall form an integral part of these Terms and Conditions and shall always be read in conjunction with the same.