Examples of Group Loan in a sentence
In addition and notwithstanding any provision herein or in any Group Loan Document to the contrary, each VIE Borrower shall be deemed to be a Variable Interest Entity of Nexstar Media for so long as the applicable VIE Credit Agreement remains outstanding irrespective of any change in GAAP.
Finco is the borrower under the PIK Facility Agreement and will lend funds which it receives pursuant to the PIK Facility Agreement to the Offeror in order to fund the cash consideration due in connection with the Acquisition (the "Offeror Group Loan").
Following the Scheme becoming Effective, the Offeror will transfer its interest in the entire issued share capital of TalkTalk to Finco in consideration of, in aggregate, the settlement of the Offeror Group Loan and the issue of further shares by Finco to the Offeror (the "Offeror TalkTalk Share Transfer").
For other Loan variants of Group Loan segment, the Interest shall be calculated on actual number of days taken as 365 (Three Hundred and Sixty Five) a year in non-leap year, and 366 (Three Hundred and Sixty Six) days in leap year, and in case the tenure of the Loan is spread over a non-leap and a leap year, the Interest is calculated by reckoning 365 (Three Hundred and Sixty Five) days in non-leap year and 366 (Three Hundred and Sixty Six) days in a leap year.
The rate of Interest will be benchmarked to EBLR for Loan variant under Emergency Credit Line Guarantee Scheme (“ECLGS”), and MCLR for other Loan variants of Group Loan segment.
Under the Loan Plan, participants are offered a limited recourse loan from the Group (Loan) to acquire Loan Securities.Details on the Loan Plan can be found below under “Key terms of the Loan Plan”.
If the Lenders of a Group become Exiting Lenders, such Groups’ Group Loan Limit shall automatically be reduced to zero on the then-current Termination Date, without giving effect to any other Lenders of any other Group’s agreement to extend the Termination Date, if any.
Loan Group: Loan Group I, Loan Group II or Loan Group III, as applicable.
Policy and Legislative ContextConsideration of this report is in accordance with Council’s Community Group Loan Guarantee Policy and the following commitments in the Council Plan 2017-2021:Council will make budgetary decisions that ensures Council remains in a strong financial position now and into the future.
Group Loan Protect provides the option to cover sum assured on reducing basis, level basis & level + reducing basis.