Examples of Facility Letter in a sentence
In the event the Land Loan Facility, the State Land Loan Facility, the Development Charge Loan Facility and/or the Construction Loan Facility or any part thereof is/are cancelled or not utilised by the Borrower after acceptance of the Facility Letter, the Borrower shall pay a cancellation fee of one per cent (1%) of the total original loan amounts and any other costs and charges incurred by the Lender on behalf of the Borrower.
If there is any conflict or repugnancy between the conditions herein and the terms of the Facility Letter, the terms of the Facility Letter shall prevail.
The interest rates of the Land Loan Facility, State Land Loan Facility, the Constructions Loan Facility and the Development Charge Loan Facility are specified in the Facility Letter.