Loan Confirmation definition

Loan Confirmation means the agreement between ▇▇▇▇▇▇ and Borrower for the particular terms of an individual Loan, which shall be memorialized in a confirmation as set forth in Exhibit B or in a form approved by Lender comparable therewith.

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Loan Confirmation means a confirmation of a loan hereunder, executed by and between the Lender and a Borrower and subject to the terms and conditions hereof and of the applicable Schedule.

Loan Confirmation means a loan confirmation substantially in the form set out in Schedule 4 (Loan Confirmation), as modified with the agreement of the relevant Authority and the Company.

Examples of Loan Confirmation in a sentence

To the extent required pursuant to a Loan Confirmation, Borrower shall pledge, as collateral, USD or Digital Currency to secure the Loan (the “Collateral”, which shall include any Additional Collateral).
If Lender agrees to make a Loan on the terms set forth in the Lending Request or as otherwise agreed between Borrower and Lender, Lender shall send Borrower a Loan Confirmation.
Subject to the terms and conditions hereof, Borrower may, in its sole and absolute discretion, request from Lender a Loan of a specified amount of Digital Currency or USD, and Lender may, in its sole and absolute discretion, extend such Loan or decline to extend such Loan on terms acceptable to Lender and as set forth in a corresponding Loan Confirmation.
Promptly after such time, and after or simultaneously with Borrower’s delivery of sufficient Collateral (if applicable), Lender shall commence transmission to either (x) Borrower’s Digital Currency Address the amount of Digital Currency, or (y) Borrower’s bank account by bank wire the amount of USD, as applicable, set forth in the Loan Confirmation.
Following delivery of such Loan Confirmation, if Borrower does not provide notice to Lender (email sufficient) rejecting the relevant Loan within two (2) hours after the relevant Loan Confirmation was delivered, Borrower and Lender shall be deemed to have agreed to the terms (absent manifest error) in the Loan Confirmation.
Payment of the Additional Collateral shall be made by bank wire to the account, or if applicable, the Digital Currency Address, specified in the Loan Confirmation or as otherwise notified to Borrower, or, if Lender has agreed, by a return or repayment of an amount of Loaned Assets such that the Value of the Collateral subject to all Loans will equal or exceed the aggregate Required Collateral Amount.
In the event of a conflict of terms between this Agreement and a Loan Confirmation, the terms in the Loan Confirmation shall govern.
The specific and final terms of a Loan shall be set forth in the Loan Confirmation.
Until Lender and Borrower have agreed (or have been deemed to agree) to the terms in a Loan Confirmation, neither party shall have any obligations to the other with respect to such particular Loan.
The Fees shall be payable, unless otherwise agreed by Borrower and Lender in the Loan Confirmation, in the same Loaned Assets that were borrowed, whether USD or Digital Currency on the same blockchain and of the same type that was loaned by ▇▇▇▇▇▇ during the Loan.

More Definitions of Loan Confirmation

Loan Confirmation. Means documentation of the Parties’ agreement to the particular terms of a Loan, which shall be memorialized in a confirmation executed and delivered by each of the Parties and which shall be in form and substance agreed by the Parties.

Loan Confirmation. The Division shall acknowledge each loan of Products or equipment in writing to the Reseller setting forth the particular loaned Products and equipment, term of the loan, the address for return of the loaned Products and equipment, the purpose of the loan, any insurance requirements and any other pertinent requirements.

Loan Confirmation means a document substantially in the form set out in Schedule 3 to the Intercompany Loan Terms and Conditions confirming the principal terms of each Intercompany Loan Agreement between Funding 1 and the relevant Issuer; Intercompany Loan Determination Date means the first day of the relevant Interest Period; Intercompany Loan Event of Default means the occurrence of an event of default as specified in Clause 14 of the Intercompany Loan Terms and Conditions with respect to Funding 1; Intercompany Loan Ledger means, as the context requires, (a) the Funding 1 Intercompany Loan ledger or (b) the Funding 2 Intercompany Loan ledger; Intercompany Loan Terms and Conditions means the standard terms and conditions incorporated into each Intercompany Loan Agreement, signed for the purposes of identification on the Initial Closing Date by Funding 1, the Security Trustee and the Agent Bank, as amended and restated on 17 October 2006 pursuant to the Deed of Amendment to Intercompany Loan Agreements; Interest Payment Date means, as the context requires, (a) a Funding 1 Interest Payment Date in respect of Funding 1 or (b) a Funding 2 Interest Payment Date in respect of Funding 2; Interest Period means, as the context requires, (a) in relation to a series and class of Notes (i) with respect to the first Interest Payment Date, the period from (and including) the applicable interest commencement date to (but excluding) such first Interest Payment Date and (ii) thereafter, with respect to each Interest Payment Date, the period from (and including) the preceding Interest Payment Date to (but excluding) that Interest Payment Date, (b) in respect of a Loan Tranche (i) with respect to the first Funding 2 Interest Payment Date, the period from (and including) the applicable Loan Tranche Interest Commencement Date to (but excluding) such first Funding 2 Interest Payment Date and (ii) thereafter, the period from (and including) the preceding Funding 2 Interest Payment Date to (but excluding) that Funding 2 Interest Payment Date and (c) in respect of Funding 1, the period from (and including) a Funding 1 Interest Payment Date (or in respect of the first Interest Period, the relevant Closing Date) to (but excluding) the next following (or first) Funding 1 Interest Payment Date; Irrecoverable VAT means any amount in respect of VAT incurred by a party to the Transaction Documents (for the purposes of this definition, a Relevant Party) as part of a payment in respect of which it is enti...