Potential Loan definition
Examples of Potential Loan in a sentence
Each Obligor expressly acknowledges that no failure or delay by a Borrower Secured Creditor in exercising any of its rights in relation to a Trigger Event, Potential Loan Event of Default, Loan Event of Default or other default as a result of the provisions of this Deed shall operate as a waiver or variation of its rights with respect thereto.
Promptly upon becoming aware of any Potential Amortization Event, Amortization Event, Potential Loan Event of Default, Loan Event of Default, Servicer Termination Event, Event of Default or Default under any of the Transaction Documents, the Issuer shall give the Indenture Trustee and the Rating Agencies written notice thereof, together with an Officer’s Certificate, setting forth the details thereof and any action with respect thereto taken or contemplated to be taken by the Issuer.
No Loan Event of Default or Potential Loan Event of Default exists or has occurred which has not been remedied or waived or otherwise ceased to be continuing.
Subject to the obtaining of the required Independent Shareholders’ approval for the Energy Management Contract, the Company is seeking a prior mandate from the Independent Shareholders before ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ enters into the Potential Loan Agreement and the possible execution of the Potential Joint Guarantees by Dacheng International Trade.
As part of the funding arrangement for the required funds under the Energy Management Contract, Modern Agricultural Fund, with its state-owned background, has been negotiating with Jilin Branch CDB for the Potential Loan of not more than RMB200,000,000 to be provided under the Potential Loan Agreement.
We confirm that no Loan Event of Default or Potential Loan Event of Default has occurred and is continuing (and has not been waived) or would result from the making of the Term Advance.
As such, the transactions contemplated under each of (i) the Energy Management Contract; (ii) the Potential Loan Agreement and; (iii) the Potential Joint Guarantees constitute connected transactions of the Company under Chapter 14A of the Listing Rules, and is subject to the reporting, announcement and Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
It is currently expected that the Borrower(s) will be the Modern Agricultural SPV, and may or may not include Changchun Dahe, as Changchun Dahe may or may not be required to join as a Borrower under the Potential Loan Agreement subject to the internal clearance of Jilin Branch CDB.
The Potential Loan granted by Jilin Branch CDB will be a special purpose loan specifically granted for any funding requirements under the Energy Management Contract and the Boiler Facilities, as such, Jilin Branch CDB has preliminary expressed their intention in requiring Changchun Dahe to be one of the borrowers under the Potential Loan Agreement to comply with the borrowing policy of Jilin Branch CDB and subject to further internal discussion of Jilin Branch CDB.
We confirm (on behalf of the Securitisation Group) that no Loan Event of Default or Potential Loan Event of Default has occurred and is continuing (and has not been waived) or would result from the making of the Term Advance.