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Complementary Financing |
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Complementary Financing A type of financing in which different lenders agree to fund under similar yet parallel documentation and a pro rata security package. Complementary Financing A loan made by more than one lender that is secured by the same stock or other security. All lenders have a lien on a given security until the loan is paid off. In complementary financing, two or more lenders make two or more loans to a single borrower and secure those loans by a certain security. The amount of the lien on the security is in proportion to the amount of the loan each lender makes. For example, if Lender A loans $60,000 and Lender B loans $40,000 to Borrower C and they both secure their loans with a certain number of shares of Stock D, then, in the event of default, Lender A has the right to 60% of the shares, while Lender B has the right to 40%. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Creative system and network designs with complementary financing enabled customers to improve operations with disaster recovery, server consolidation, mobile workforce solutions, and Web services. The financing consists of a $50 million direct loan from the ADB, a $20 million co financing facility arranged under the ADB's Complementary Financing Scheme and a $70 million facility guaranteed by the ADB pursuant to its Partial Risk Guarantee program. |
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