In a loan agreement, the “borrower” first makes representations about his links adjoining his character, credit worthiness, regular income, and any other guarantee that he may have presented to undertaking as security for a loan. This letter mention the purpose of obtaining loan of certain amoun...
(h)Litigation:no litigation, arbitration or administrative proceeding is taking place (including without limitation any action under any environmental law or regulation), pending or to the knowledge of its officers threatened against it or any part of its undertaking, assets or revenues which could ...
Negative covenants limit the borrower’s activities in some way, such as undertaking new investments. Negative covenants, which are highly structured and customized to a borrower’s specific condition, can limit the type and number of acquisitions and investments, new debt issuance, liens, asset ...
If the Borrower fails to observe this undertaking, the Bank may at its own discretion refuse to gra nt the Loan to the Borrower or repackage the Loan with different loan amount and/or loan tenor and/or the terms and conditions of the Loan . 借款人承諾在沒有取得銀行之書面同意前,不會將...
(8) where the Borrower provides a guarantee (or a similar arrangement with guarantee effect such as debt undertaking) to a third party, or enters into a partnership/contract operation with a third party, waives major creditor’s rights, acquisitions and reorganizations, transfers of main business...
"Contractual Obligation" shall mean as to any Person, any material provision of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound or any material provision of any security issued by such Person. "Custodial Agreement...
e) To form, organize assets, participate or aid in forming, promoting or organizing any company, bank, syndicate, consortium institute or any holding and subsidiary company in Bangladesh or abroad for the purpose of undertaking any banking financial investment and trust business. f) To take part...
“Contractual Obligation”: With respect to any Person, any provision of any securities issued by such Person or any indenture, mortgage, deed of trust, deed to secure debt, contract, undertaking, agreement, instrument or other document to which such Person is a party or by which it or any...