Examples of Term Loan Bank in a sentence
Cash Credit, Term Loan, Bank Guarantee etc.8.2.2 The promoters, directors and shareholders of the company have also given their personal assets as collateral security for entire facilities sanctioned by State Bank of India.
Any Term Loan Bank may with the consent of the Agent pledge all or any portion of its rights and interests under this Agreement (including all or any portion of its Term Loan Note) to a Person approved by Agent.
Any amounts that would otherwise have been applied to prepay such declining Term Loan Bank shall instead be retained by the Borrower.
Each Term Loan Bank, at its option, may elect not to accept such prepayment.
If a Term Loan Bank fails to give notice by 12:00 Noon as set forth in the immediately preceding sentence, such Term Loan Bank shall be deemed to have accepted the offer.