Mismatch Loan definition

Mismatch Loan means the principal amount of the borrowing under a Mismatch Loan Agreement or, as the context may require, the principal amount of that borrowing for the time being outstanding, being the aggregate principal amount of the Mismatch Advances under that Mismatch Loan Agreement from time to time;
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Examples of Mismatch Loan in a sentence

  • The Mismatch Loan for an Aircraft shall be repaid in one (1) instalment on the Final ECA Repayment Date in respect of the ECA Loan for that Aircraft (subject always to the relevant Borrower’s voluntary prepayment rights under the relevant Mismatch Loan Agreement).

  • Notwithstanding the foregoing or any other provision of this Agreement or any other Transaction Document, it is hereby acknowledged and agreed that the ECA Agent shall be entitled to send an ECA Acceleration Notice under any ECA Loan Agreement and the Mismatch Agent shall be entitled to send a Mismatch Acceleration Notice under any Mismatch Loan Agreement.

  • Each Mismatch Loan shall be documented in a Mismatch Loan Agreement.

  • With respect to its own Contribution (if any) in any Mismatch Loan, the Mismatch Agent shall have the same rights and powers under this Agreement and the other Transaction Documents as any other Mismatch Lender and may exercise the same as though it were not performing the duties and functions delegated to it (as agent) under this Agreement or, as the case may be, the Transaction Documents, and the term “Mismatch Lender” shall, unless the context otherwise indicates, include the Mismatch Agent.