Sentences with phrase «default under the loan agreements»

Not exact matches

Oct. 24: In a letter to Mei, Garry says the town's obligations under a proposed amendment to SRB's concession agreement «are irrevocable,» and that the town agrees it will repay a $ 7.8 million loan within 30 days if SRB defaults.

Under a loan guarantee, the DOT commits to pay to the guaranteed lender, upon the occurrence of a payment default by the borrower, the full amount of the defaulted payment, as specified in the loan guarantee agreement.

If you deposit Restricted Securities in violation of this Agreement and do not upon demand immediately replace such securities with transferable securities satisfactory to us, or pay in full the margin loan secured by such Restricted Securities, you agree that you will be in default under this Agreement and we may take any and all of the following actions:

Globo also said that Papadimitrakopoulos had informed the company that up to last Thursday he has sold 42.05 million shares in the company, and pledged 10 million shares under a personal loan agreement with Lantau Holdings Ltd — a loan that will default at close of business Monday due to two consecutive days of the suspension of the company's shares from trading.

But under the agreements, if the loans default, the bank could go after Trump's other assets.