PRC Loan definition
PRC Loan means the loan pursuant to the Multi-Party Entrustment Loan Agreement among each party named in schedule one thereof (as may be added from time to time in accordance with the terms of such agreement), acting as a borrower and/or a lender, as the case may be, in accordance with confirmations accepted by Standard Chartered Bank (China) Limited.
Examples of PRC Loan in a sentence
The date, amount and interest rate, of each PRC Loan made by the Lender to Pameco, and each payment made on account of the principal thereof, shall be recorded by the Lender on its books and, prior to any transfer of this Note, endorsed by the Lender on the schedule attached hereto or any continuation thereof.
Lichtenstein and Presidential shall release each other from any and ▇▇▇ ▇▇▇▇▇▇▇ liability with respect to the PRC Loan and terminate the PRC Guaranty.