Open Term Loan definition
Open Term Loan means a Loan without a Maturity Date where Borrower has a Prepayment Option and Lender has a Call Option.
Open Term Loan means a Loan without a Maturity Date where Borrower has a Prepayment
Examples of Open Term Loan in a sentence
For Fixed Term Loans, the Loaned Assets shall be repaid to Lender’s PF Account at the time indicated in the Offered Loan Terms, unless Borrower and Lender agree to extend the Fixed Term Loan for another Fixed Term Loan under the then-current Offered Loan Terms, or an Open Term Loan.