Definition of TEG Letter

  1. TEG Letter means the letter dated as of the date hereof addressed to PARIS RE SA from the Administrative Agent setting forth the effective overall interest rate in respect of the Loans to be made available to PARIS RE SA and the basis therefor.

Examples of TEG Letter in a sentence

  1. 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.

Definition of TEG Letter in Credit Agreement

TEG Letter means the letter dated as of the date hereof addressed to PARIS RE SA from the Administrative Agent setting forth the effective overall interest rate in respect of the Loans to be made available to PARIS RE SA and the basis therefor.