BNPP Group definition
Examples of BNPP Group in a sentence
Based on the compliance member's written chronology of events, the former BNPP Group Chief Operating Officer purportedly asked BNPP Suisse Compliance whether "Switzerland has declared an embargo on Sudan." The chronology then states that the executive subsequently noted that there should be no doubts whatsoever conceming this matter and asked that no minutes be taken for that meeting.
A BNPP Suisse chronology of issues regarding Sudan (drafted several years later by a compliance member) noted that the "meeting had been called to express, to the highest level ofthe bank, the reservations of the Swiss Compliance office concerning the transactions executed with and for Sudanese customers." Specifically, BNPP Suisse Compliance conveyed its concerns to the former BNPP Group Chief Operating Officer.
For administrative convenience, the Borrower hereby requests that the BNPP Group transfer the proceeds of the Rebalancing Loan to MUFG by wire transfer to the account specified below.
Additionally, the Borrower hereby requests that the BNPP Group make a non-ratable Loan on the date hereof in an amount equal to [REDACTED] (such Loan, the “Rebalancing Loan”).
The amounts transferred at the Borrower’s direction pursuant to the immediately preceding sentence shall be applied as a repayment by the Borrower of the Mizuho Repayment Amount and the BNPP Group Repayment Amount.
For administrative convenience, the Borrower hereby requests that MUFG transfer (x) [REDACTED] of the proceeds of the Rebalancing Loan to Mizuho and (y) [REDACTED] of the proceeds of the Rebalancing Loan to the BNPP Group, in each case, by wire transfer to the account specified below.
For the avoidance of doubt, (i) the payment of any unpaid Interest and Fees that accrued prior to the date hereof on or with respect to the Mizuho Repayment Amount and the BNPP Group Repayment Amount shall be paid in addition to all other Interest and Fees then due and payable and (ii) no Interest or Fees shall have accrued or be payable by the Borrower in respect of the Rebalancing Loan prior to the date hereof.