Lending agreement

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Lending agreement

A contract regarding funds transferred between a lender and a borrower.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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..
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Given this, Staffline now expects to need a waiver of possible future breaches to the leverage covenant in its lending agreements. Staffline said it is operating within its facilities and expects to continue to do so.
example, it is common in lending agreements to include a change of
She did not specify a timeline for when Bank of America would implement its decision -- beyond noting it would be on a "go-forward basis" -- nor did she state how it would affect any current lending agreements the bank might have with such gun manufacturers.
Sales origination grew by 25% and almost half of new lending agreements were funded on HHF's own balance sheet.
UK auto loans featured car market value risk before the rise of PCP, due to the VT rights that borrowers enjoy under lending agreements regulated by the Consumer Credit Act.
Compensation is linked to 384,000 customer lending agreements which "may not have been affordable" and payments "which should have been refunded", the Financial Conduct Authority (FCA) said.
'RENT-TO-OWN' electronics and homeware chain BrightHouse has been ordered to pay nearly PS15m compensation to 249,000 customers it sold unaffordable lending agreements to.
Jones also represents numerous banks and developers regarding hotel developments and lending agreements. Additionally, he regularly advises business owners, school districts, municipalities and contractors in construction matters, including deal negotiations and disputes.
Butthe question here is about the means of funding--will Egypt resort to the same financing technique that has placed it at the mercy of international companies by pursuing lending agreements that may adversely affect the Egyptian economy later?
25 June 2014 -- Financial services firm Silicon Valley Bank and Partners for Growth said they have amended its lending agreements with Advanced Photonix Inc (NYSE: API) given underwriting by B Riley of 6.2m shares of API's class A common stock for net proceeds of approximately USD 2.9m.