Entrustor definition
Examples of Entrustor in a sentence
Without prior written consent of the Entrustor, the Borrower may not apply any part of the Borrowing towards any other purpose.
Subject to the review and consent of the Entrustor, the Borrower may prepay the whole or any part of the principal of the Entrusted Loan.
If the Entrustor refuses to approve the extension, the Borrower shall perform its obligations hereunder in accordance with this Agreement.
Each of the Entrustor and the Lender shall have the right to monitor the use of the Borrowing by the Borrower.
The Entrustor shall be responsible for procuring the Borrower to pay any liquidated damages owed by the Borrower.
The Borrower shall provide adequate and valid security or any other security deemed appropriate or acceptable by the Entrustor.
The Entrustor and the Borrower shall provide true materials, including, without limitation, documents, statements and certificates, required by the Lender.
In the event that the Lender accelerates the Loan under the circumstances set forth herein or in accordance with the instructions of the Entrustor, it shall be deemed that expiration date of the Tenor is accelerated accordingly.
Without prior written consent of the Entrustor, the Borrower may not transfer its obligations hereunder to any third party, whether in whole or in part.
Unless otherwise agreed by the parties hereto, neither the Entrustor nor the Borrower may require the Lender to assume any other obligations or risks.