Definition of TEG Letter


TEG Letter means a letter substantially in the form set out in Schedule 13 (Form of TEG Letter).

Examples of TEG Letter in a sentence

However, each of the European Borrower and the Subsidiary Borrowers which is incorporated in France acknowledge that it has received from the Agent on the date of execution of this Agreement an example of the calculation of the taux effectif global in a TEG Letter.
However, each of the European Borrower and the Subsidiary Borrowers which is incorporated in France acknowledge that it has received from the Agent on the date of execution of this Agreement an example of the calculation of the taux effectif global in a form TEG Letter, with execution of such letter to follow promptly after the Closing Date.
However, Lubrizol France acknowledges that it has received from the Agent, on the date hereof, a letter (the TEG Letter) containing an example of calculation of the effective global rate, based upon certain assumptions as set out in the TEG Letter.
In addition, in the event that any French Designated Subsidiary becomes a Borrower hereunder, the Designation Letter for such additional Borrower shall contain an acknowledgement of such Designated Subsidiary similar to the acknowledgement of Lubrizol France contained in this Section 2.07(c) and a letter substantially in the same form as the TEG Letter.
The TEG Letter and any other letter delivered to a French Designated Subsidiary shall form an integral part of this Agreement.