Loanee definition

Loanee means the person to whom loan is advanced by the State Development Bank or a District Development Bank on security as provided in sub-section (1) of section 15 ;

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Loanee means any person granted an education loan either under the Higher Education Loans Fund Act (Cap. 213, now repealed) or any person granted an education loan by the Ministry of Education from 1974 through the National Bank of Kenya or any person granted an education loan by the Ministry of Education through the National Bank of Kenya and the Kenya Commercial Bank from 1989 until commencement of this Act, or any person granted an education loan by the Board under this Act;

Loanee. Kid Castle Internet Technologies Ltd. ▇▇▇-▇▇ ▇▇▇▇ (signature and seal) Address: Tel: August 4, 2006 Title - Character Short loan - general turnover fund Approval date 2 August 2005 Approved amount NTD ten million Approval term 5 August 2005 —— 4 August 2006 Loan amount in this case Ten million Approved interest rate Fixed deposit interest rate index + 3.29%øthe current annual rate is 5.51%÷ Credit loan amount øincluding loan amount in this case÷ Ten million Due date of this loan 6 monthsø4 August 2006—4 Feb 2007÷ Lending condition Performance situation Normal Fuhwa Bank Loanee Customer No: 11589 Business Director: _______ Business Handler: ________ Loan Receipt Accounting Director: ______ Accounting Handler: ______

Examples of Loanee in a sentence

• The Loaner will directly deposit the Loan to the Loanee’s account according to the withdrawal application and the Loanee will pay the Loan to the counterparty consistent with the specified purpose hereunder.

• Party B is entitled to review the Loanee’s conditions according to the requirements for trusted payment, and has the right to request the Loanee to provide corresponding documentation and to provide the inflow and outflow of the current fund custody account.

• In case of Joint loan account Cover will be extended to Individual Loanee Account holder in equal proportion on recovery of suitable premiums from each of them subject to overall ▇▇▇▇▇.▇▇ case of joint borrowers under the same Loan account, the account number of each of the member to be unique.

• In the case of trusted payment by the Loanee as specified by the Parties, Party A will irrevocably authorize or trust the trusted payment to Party B.

• The Loanee irrevocably authorizes or trusts the Loaner to pay the Loan to the Loanee’s counterparty consistent with the specified purpose hereunder according to the withdrawal application and payment trustment after the guaranty becomes effective (or is filed).

• The Loanee hereby agree that this authority shall not be revoked by him so long as he remain indebted to the Society.

• In case of Loanee ▇▇▇▇▇▇, if the above clause is invoked wherein the representative of the Bank witnessed the Physical verification/successful Trail run, bank have overriding power to release the payment from the loan account to MIS supplier on release of Govt.

• That Loanee hereby agree for recovery of dues of the Co-operative Society by deduction from the Salaries and do hereby authorize the Director, CSIR-NEERI, Nagpur-440020 and also Drawing and Disbursing Officer (D.D.O.) to deduct monthly instalments of outstanding loan as asked by the Society from Loanee’s monthly salary and pay the instalments / recovered amount to the Society until full repayment of the loan + interest.

• If the Loanee fails to perform his debt as agreed upon herein, Party A has right to directly request Party B to assume all guaranty liabilities covered in the guaranty, regardless of other guaranty for Party A’s credit.

• Period for The Loanee to Pay the Debt is the repayment limit agreed by the main contract under Term 1 of the contract.

More Definitions of Loanee

Loanee means a Cooperative institution whose loan request has been approved and granted under this Act;

Loanee means any person, group or institution granted a loan under