Examples of Dollar Loan in a sentence
In the said ‘Deed of Counter Guarantee’ JENV, Netherlands has been shown as the ‘Principal Borrower’ in Schedule II, having granted Dollar Loan by the EXIM Bank aggregating to US$ 50 Million.
Case of the EXIM Bank is that it disbursed Dollar Loan to the tune of US$ 50 Million to a Netherland based company, namely, Jubilant Energy N.V., (‘JENV’ for short) (Principal Borrower) by its Letter dated 13.04.2011 as modified by letter dated 18.05.2011 for which ‘Corporate Guarantee’ was executed by the Jubilant Enpro Private Limited (‘JEPL’ for short) on 01.08.2011 in favour of the EXIM Bank.
It is the case of the petitioner that in view of the respondent herein failed and neglected to repay the loan under the Dollar Loan Agreement, the first GOL loan and second GOL loan were classified as non-performing assets in the books of the petitioner.
FDIC Financial Institution Letters, Affordable Small Dollar Loan Products, Final Guidelines, FIL-50-2007 (June 19, 2007), available at http://www.fdic.gov/news/news/financial/2007/fil07050a.html [hereinafter FDIC Affordable Small Loan Guidelines].
On 26th July, 2011, the petitioner and the respondent herein executed a Dollar Loan Agreement whereby the petitioner agreed to lend and advance the said second GOL loan to the respondent on the terms and conditions set out therein.