Pro Rata Loan
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unpaid principal amounts of the Loans held by them; and (iv) each payment of interest on Loans by the Borrower shall be made for account of the Lenders pro rata in accordance with the amounts of interest on such Loans then due and payable to the respective Lenders." (See "LSTA’s Complete Credit Agreement Guide") 19
Pro rata: FAME can insure up to 100% of an eligible loan on a pro-rata basis with a maximum relationship exposure of $5,250,000. Leveraged: FAME can insure up to 25% of the original loan balance for term loans limited to $2,500,000 and up to 20% of the original.
Definition of PRO RATA GUARANTEE: Under the terms of an agreement between the concerned parties, the pro rata guarantee assures that the obligation to repay a loan is split evenly. The Law Dictionary Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.
Borrowers may prepay their loans at any time, in whole or in part, without penalty. If a borrower makes a prepayment during the first 12 months after loan issuance, then you will receive your pro rata share of the payment less the 1% servicing fee, charged as a percentage of the monthly contractual payment amount only, regardless of the borrower’s prepayment amount.
If a borrower makes a prepayment during the first 12 months after loan issuance, then you will receive your pro rata share of the payment less the 1% servicing fee, charged as a percentage of the monthly contractual payment amount only, regardless of the borrower’s prepayment amount.
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from Econet Wireless Zimbabwe Limited (EWZL): 770 000 000 CSZL shares representing 77% of the initial issue were issued on credit to the members of EWZL pro rata to their shareholding as at the record.
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In determining the salary and allowances of a legislature in Nigeria, the RMAFC should not set their pay by the month, but pro rata. In other words. has been that political office holders take.
ALSO read: committee considers pro-rata debt servicing for IL&FS ‘amber’ firms The appellate. IL&FS defaulted on debt.
With $31.2 billion of pro rata issuance, total U.S. loan volume thus far in the first quarter is $181 billion, the most since the $189 billion in 1Q13. Those numbers are up dramatically from the same.
proportionate (pro rata) ownership interest in the underlying loan All cash flows received from the underlying loan, except cash flows allocated as servicing compensation (which may not be subordinated and may not significantly exceed standard market servicing fees), must be divided