Term Loan Account definition

Term Loan Account means the account on the books of the Lender in the name of the Borrower in which the following shall be recorded: the principal outstanding and interest accrued under the Term Loan; all Costs with respect to the Term Loan; all payments made by the Borrower on account of indebtedness evidenced by the Term Note; and other appropriate debits and credits.

Term Loan Account the deposit account into which proceeds of the Term Loans are funded on the Effective Date.

Term Loan Account means the account opened and maintained by the Borrower in the books of .

Examples of Term Loan Account in a sentence

• First charge on fixed asset of Durgapur Unit is already held by Punjab National bank on Term Loan Account and therefore taking the estimated market value of the fixed asset, short term borrowings have been classified as secured.

• The Petitioner stated that, the Corporate Debtor after having availed the aforesaid loan facilities violated the terms of sanction letters and loan documents, and committed default on 24.07.2018 for cash credit account and on 31.10.2018 for Term Loan Account.

• From Banks : Rupee Term Loan Account (Refer Note 4.1) ..........................

• The Term Loan shall be made available 10 (ten) Business Days after the Utilisation Request has been received by the Lender, but under no circumstances prior to the Closing Date, by wire transfer to the Term Loan Account, or such other account of the Borrower as notified by the Borrower in writing to the Lender.

• Bank of Baroda Term Loan Account @ 13.25% under consortium finance Payable in 47 (Forty Seven) unequal quarterly installments, repayment shall commence from 30th June 2014 after a construction and moratorium period of 42 (forty two) months.

More Definitions of Term Loan Account

Term Loan Account means Agent's US Dollar account number 07236272493 in the name of Agent at Fifth Third Bank -- Cincinnati, ABA# 000-000-000, Account Name: Guggenheim Corporate Funding, or such other account(s) as may be specified in writing by Agent as the "Term Loan Account".

Term Loan Account shall have the meaning assigned to it in Section 1.10.

Term Loan Account has the meaning specified in Section 2.18(a).

Term Loan Account is defined in Section 2.3.2.

Term Loan Account means your unsecured Citibank Term Loan account. For avoidance of doubt, these Terms and Conditions will apply in conjunction with the terms set out in the Citi Instalment Loans Terms and Conditions.

Term Loan Account means an account maintained hereunder by Administrative Agent on its books of account, at Administrative Agent's office and with respect to the Borrower, in which the Borrower will be charged with all Term Loans made to, and all other Obligations incurred by, the Borrower in connection with the Term Loan facilities.

Term Loan Account means the account opened and maintained by the Borrower in the books of _________________.