22) The Seventh Circuit noted a possible analogy of the interest-free demand loan
of money to a revocable transfer of property, but then distinguished the two situations.
Furthermore, this gift loan receives treatment under the below-market loan rules as a demand loan
are loans payable in full at any time on the demand of the lender.
7872-3(e), it is necessary to test a prime-rate demand loan
in each semi-annual period to determine whether there is sufficient interest.
4m) working capital demand loan
of Indian real estate developer Dharmadev Infrastructure Ltd.
If interest on a demand loan
is payable at a rate less than the AFR established monthly by the IRS, the demand loan
is a below-market loan to which the Sec.
As previously reported, this is a revolving Canadian chartered bank demand loan
with an interest rate at Prime + 1%.
1m) cash credit, interchangeable with the working capital demand loan
of Indian car dealer TAFE Access Ltd.
0 million revolving operating demand loan
and an acquisition and development demand loan
The purchase will total USD5,829,037, excluding fees and expenses related to the tender offer and the payment will be funded with available cash combined with two demand loan
revolving facilities the company currently has with Bank of Montreal.
3 November 2011 - CRISIL on Thursday confirmed its BB+ ratings with a "stable" outlook on the INR36m (USD731,000/EUR530,000) working capital demand loan
and INR36m cash credit of Indian soya bean refined oil maker Natraj Proteins (BOM:530119) Ltd.
has secured a new credit facility of $40 million revolving operating demand loan
from a chartered bank in Canada.