Commodity Loan definition

Commodity Loan means any of the loans made by the Provider to the Client pursuant to Section 2.1.
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Examples of Commodity Loan in a sentence

  • The Borrower was sanctioned Commodity Loan, under the CLWF Scheme, aggregating to Rs.

  • Any overdue principal of and, to the extent permitted by law, overdue interest on any Commodity Loan and/or Credit Guaranty shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the Default Rate.

  • The Borrower was sanctioned Commodity Loan, under the CLWF Scheme, aggregating to Rs. /- (Rupees only) by the Bank (hereinafter referred to as the “Credit Facilities”) vide its sanction letter no.

  • The Client may prepay a Commodity Loan in whole or in part at any time, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

  • For One-Time Loan and Commodity Loan, the year is taken equal to three hundred and sixty calendar days, and the month - equal to thirty calendar days.

  • For any period commencing after the Effective Date, Client will not carry a Commodity Loan balance of greater than XXXXX (“Credit Limit”) and Provider will not be obligated to extend Client Commodity Loans beyond the Credit Limit.

  • The Loan issuance is carried out by the Bank by crediting the Loan amount specified in the Agreement and (or) Individual Terms to the Card Account of the corresponding Instrument, after which the Loan amount becomes available for use by the Borrower, except where the Bank provides a Commodity Loan, which is granted by crediting the |Loan amount to the Card Account of the Borrower and subsequent transfer to the account of the Entrepreneur.

  • All amounts received by Provider from Client in payment in respect of a Commodity Loan shall first be applied to interest and then applied to principal.

  • The Commodity Loans shall not be evidenced by a note, it being the intention that the records of the Provider with respect to the transaction giving rise to the Commodity Loan shall be conclusive and binding as to the amount, term and due date of each Commodity Loan.

  • Description of goods and/or services: In the case of the Commodity Loan, use SITC Code (Rev.2) No.