SBOP definition
Examples of SBOP in a sentence
Buyer shall promptly take all necessary actions to either substitute or release Promoter’s personal guarantee of the SBOP Term Loan Credit Facility as soon as necessary.
In consideration for Promoter’s agreement to continue his personal guarantee of the SBOP Credit Term Facility for the time period from such required date to the date on which such substitution or release is effected, the Buyer agrees to pay Promoter an amount of Rupees equal to 1% (one percent) of the outstanding indebtedness under the SBOP Term Loan Credit Facility per annum, payable yearly.
The parties hereto agree that valuation of the Project is and shall remain Rs. 67.11 Cr. and upon the consummation of the transactions contemplated by this Agreement and the Ancillary Documents, shall consist only of the Buyer’s aggregate investment of Rs. 38.75 Cr. (the “Purchase Price”) pursuant to this Agreement and the SBOP Term Credit Facility aggregating Rs. 28.36 Cr.