Examples of Tranche 2 Loan in a sentence
No Tranche 1 Loan may be converted into or continued as a Tranche 2 Loan, and no Tranche 2 Loan may be converted into or continued as a Tranche 1 Loan.
On 24 July, 2012 MFF - Sustainable Urban Transport Investment Program, Tranche 2 Loan and Project agreements were signed between Georgia and Asian Development Bank.
The Tranche 2 Loan was payable as interest-only prior to October 31, 2015 and thereafter is payable in monthly installments of principal plus accrued interest until February 22, 2018.
On 24 July, 2012 MFF - Sustainable Urban Transport Investment Program Tranche 2 Loan and Project agreements were signed between Georgia and Asian Development Bank.
Upon the election of the Majority Lenders to fund the Tranche 2 Loan, each Lender shall be obligated to fund its Proportionate Share of the Tranche 2 Loan; provided that, upon the election of the Majority Lenders to fund the Tranche 2 Loan, Borrower shall be deemed to have requested a Borrowing of, and shall accept the funding of, the Tranche 2 Loan.