FCTL definition

FCTL where applicable, the Foreign Currency Trade Loan facility granted to the Borrower by the bank and includes any part thereof pursuant to the terms herein and the General Conditions set out in item 8 of the Schedule 2 hereto.

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Examples of FCTL in a sentence

• The Borrower shall pay to the Bank interest on the overdue FCTL at a Penalty Rate calculated at the rate of one point zero per centum per annum (1.0% p.

• FCTL may be rolled over at the end of each tenor of the FCTL subject always to interest being serviced by the Borrower as at which date and that only the principal amount of the FCTL may be rolled over.

• A 228 committee composed of the Faculty Cluster Initiatives Lead, FCTL faculty fellow, the 229 ▇▇▇▇▇▇▇ Fellows, the ▇▇▇▇ of Students, the Special Assistant to the President on Global 230 Perspectives, and the Vice Chair of the Faculty Senate, shall evaluate the applications and 231 make recommendations to the Vice ▇▇▇▇▇▇▇ for Faculty Excellence and International and 232 Global Strategies, who will have final decision-making authority.