Tranche 2 Loan definition
Examples of Tranche 2 Loan in a sentence
On 24 July, 2012 MFF - Sustainable Urban Transport Investment Program, Tranche 2 Loan and Project agreements were signed between Georgia and Asian Development Bank.
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.
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.
The Agent shall have received a Note in favor of each Lender evidencing such Lender’s Tranche 2 Loan, duly executed and delivered by a Responsible Officer of the Borrower.