Lending agreement

Lending agreement

A contract regarding funds transferred between a lender and a borrower.

Lending Agreement

A contract specifying the terms of a loan. Included in a lending agreement are the amount to be borrowed, the interest rate, and the maturity, or time until the loan comes due. A lending agreement is legally binding, giving each party certain obligations toward the other, namely the lender's obligation to provide funds and the borrower's obligation to repay them..
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This new lending agreement will enable PacifiCare Health Systems to proceed with its future growth strategies," said Wayne Lowell, executive vice president and chief financial officer.
This lending agreement provides our company with the financial flexibility to move forward quickly with our growth plan.
GTSI entered into the lending agreement on June 2 with SunTrust Bank and Bank of America, N.
Graber, Chairman, President and CEO stated, "I am very pleased that negotiations for a favorable new lending agreement are now complete.
OTC Bulletin Board: TGSI) has entered into a one-year asset-based lending agreement with Metro Factors, Inc.
Lending agreement requires the bankruptcy court's confirmation order approving U.
Concurrently with the debenture offering, SunPower is offering 1,800,000 shares of its class A common stock, all of which will be borrowed by Credit Suisse International, or CSI, an affiliate of Credit Suisse Securities (USA) LLC, pursuant to a share lending agreement among SunPower, Credit Suisse Securities (USA) LLC and CSI.
This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed offerings of common stock pursuant to the share lending agreement and the belief that the borrowed shares will not be considered outstanding for the purpose of computing and reporting earnings per share.
The Company has filed preliminary prospectus supplements with the Securities and Exchange Commission ("SEC") relating to the public offering of the convertible notes and the public offering of the shares borrowed under the share lending agreement.
AIG) announced today that certain of its domestic life insurance subsidiaries have entered into a securities lending agreement with the Federal Reserve Bank of New York.
Concurrently with the offering of the notes and the convertible note hedge transactions, the Company intends to enter into a share lending agreement with an affiliate of Credit Suisse, pursuant to which the Company will lend shares of its common stock to such affiliate.
30 /PRNewswire-FirstCall/ -- Goodrich Petroleum Corporation announced today that it has entered into a 20-year share lending agreement with Bear, Stearns International Limited ("BSIL"), as principal, and Bear, Stearns & Co.