Examples of Assignor Bank in a sentence
They should contain, as a minimum, the following information:• Subject and description of work.• Recommended approach for performing the work.• An estimate of the total level of effort and dollars required to perform the task.• Estimated period of performance, including start and end dates.• Reporting requirements, and other relevant information as applicable.• Accounting and budget data, as required by the Contracting Officer.
Effective upon receipt by Assignor Bank of the Purchase Price payable by each Assignee Bank, the sale, assignment and delegation to such Assignee Bank of such Proportionate Share as described in Paragraph 2 hereof shall become effective.
At or before 12:00 noon (local time of Assignor Bank) on the Assignment Effective Date, each Assignee Bank shall pay to Assignor Bank, in immediately available or same day funds, an amount equal to the purchase price, as agreed between Assignor Bank and such Assignee Bank (the "Purchase Price"), for the Proportionate Share purchased by such Assignee Bank hereunder.
Accepting the request of the Corporate Debtor, vide Letter dated 06.03.2014, Term Loan for Rs.46,00,00,000/- (Term Loan III) was restructured by the Assignor Bank/ IDFC.
Concurrently with the execution and delivery hereof, Assignor Bank will provide to each Assignee Bank (if it is not already a Bank party to the Credit Agreement) conformed copies of all documents delivered to Assignor Bank on or prior to the Closing Date in satisfaction of the conditions precedent set forth in the Credit Agreement.
Further, it is the plea of the 1st Respondent that the ‘Corporate Debtor’/ SDIL requested the Karnataka Bank Limited/ Assignor Bank for grant of certain facilities/ loan for the purpose of construction of ‘Residential Apartments’ and that the Karnataka Bank/ Assignor Bank granted a Term Loan of Rs.25 crores.
It comes to be known that the ‘Assignment Agreement’ was executed between the Assignor Bank and the Appellant on 03.05.2011 based on which the ‘Recovery Certificate’ was issued.
As per the Letter dated 06.03.2014 [whereby, Assignor Bank (as per request of ‘Corporate Debtor’) had restructured Term Loan for Rs.46,00,00,000/- (Term Loan III), the ‘Corporate Debtor’ also committed a default on 28.02.2015, when the ‘Corporate Debtor’ failed to pay Rs.44.70 Crores as per the terms of restructuring.
It was submitted that as per above clauses the ‘Corporate Debtor’ was liable to pay to Assignor Bank the installments, on their respective due dates, in accordance with the amortization/ repayment schedule.
On the Effective Date, each New Bank shall make available to the Agent for the benefit of each Existing Bank that has made an assignment to it hereunder (each such Existing Bank applicable to a New Bank herein an "Assignor Bank") in immediately available funds an amount equal to the sum of the Assigned Percentages of such New Bank set forth on Annex B hereto multiplied by the aggregate amount of the Revolving Loans outstanding on the Effective Date (the "Purchase Price").