Search results
Loan Agreement: In a loan agreement, the "zone of interests" would likely include the repayment terms, the interest rate, and any collateral or security involved. If the lender tries to change these terms in a way that goes beyond the original agreement, the borrower may be able to argue that it's outside the "zone of interests."
The term "zone of interest" refers to the specific areas or groups that a law or regulation aims to protect. Imagine it as a protective bubble around certain interests that the law recognizes as important. For example, if a law is created to safeguard the environment, the zone of interest would include wildlife, natural habitats, and ...
- What Does A Facilities Agreement Consist of?
- The Interpretation/Definitions Section
- The Mechanical Section
- The Transaction-Specific Section
A facilities agreement can be divided into four sections: 1. The interpretation/definitions section – defines some of the terms which will be used elsewhere in the document; 2. The mechanical section – sets out the operational terms of the agreement such as the amount being borrowed, repayment schedule and interest. This is the section which the fi...
Defines the key terms used in all the finance documents. There are many definitions in every facilities agreement, but most these are either standard - and usually uncontroversial - or particular to the individual transaction. They should be reviewed carefully and, where necessary, checked closely against the lender's offer letter/term sheet. A few...
This will include provisions relating to the facilities, their purpose and their availability. It will also include details of repayment schedules and the interest payable. The facilities and their purpose: The amount of the facilities should be checked carefully, as should the purpose for which they may be available. Availability:The borrower shou...
This section will include the representations and warranties, undertakings and events of default applicable to the particular facility. It will also include provisions protecting the bank from changes in circumstances which may affect its lending. Representations and warranties:these should be considered carefully on all transactions. However, it i...
- Amortization: Amortization is a method of spreading an intangible asset's cost over the course of its useful life. Intangible assets are non-physical assets that are essential to a company, such as a trademark, patent, copyright, or franchise agreement.
- Assets: Assets are items you own that can provide future benefit to your business, such as cash, inventory, real estate, office equipment, or accounts receivable, which are payments due to a company by its customers.
- Asset Allocation: Asset allocation refers to how you choose to spread your money across different investment types, also known as asset classes. These include
- Balance Sheet: A balance sheet is an important financial statement that communicates an organization’s worth, or “book value.” The balance sheet includes a tally of the organization’s assets, liabilities, and shareholders’ equity for a given reporting period.
CONC 3.5.4 G 31/05/2016 RP. (1) A rate of interest for the purpose of CONC 3.5.3R (1) is not limited to an annual rate of interest but would include a monthly or daily rate or an APR. It would also include reference to 0% credit (but where the APR is 0% and CONC 3.5.3R (2A) applies, a representative example is not required) 4.
Published by a LexisNexis Commercial expert. This Practice Note summarises the main issues arising in relation to price, payment terms and interest provisions in business to business contracts. It covers the distinction between deposits and part payments when making payments in advance, the time of payment, whether time is of the essence ...
People also ask
What is a rate of interest?
What constitutes interest?
What is interest in banking?
Should interest rate margin reflect a lender's offer letter/term sheet?
Is interest a 'interest of money'?
What is the essence of interest?
Lord Justice Megarry’s view was that the ‘interest factor’ was, in law, ‘interest of money’ and that because of the substantive nature of the test the Court would, if necessary, dissect ...
