A delay has occurred in the performance or compliance with any agreement or condition or agreement on the part of the Borrower under this Agreement or other financial and/or security documents, and such default has continued for a period of 30 (thirty) days from the date of the delay. The costs of the operating facility (cash credit/WCDL/any other credit facility/credit/buyer credit/bank) any other credit facility/credit guarantee/buyer credit facility/bank guarantee facility and payment of current charges in return for the bank credit facility terms: “Spread” has a meaning ad attributed to it in accordance with Annex III to this Agreement. “management control” (including the term “controlled by”) as applied to a person, directly or indirectly: (i) to direct or engage the direction of that person`s management; (ii) to take charge of or adopt any policy decisions that that person may take, or (iii) to appoint a majority of the directors of that person`s board of directors by reason of ownership of voting securities or rights or administrative contracts or otherwise such transfer communication has been published in accordance with clause 18 (iii) of the common rupee loan agreement of the date ( the “common rupee loan agreement”); among others, between the borrower, the securities representative, the lender`s representative and the rupee lenders. “security interest” means any mortgage, pledge, pledge, enlistment, charge, assignment, deposit or other interest in the type of security, trust instrument or other charge of any kind and any other type of preferential agreement (including, but not limited to, any agreement to give any of the above agreements, a conditional sale or other retention-of-title agreement or lease agreement of that type); the provision of a guarantee or the effect of granting guarantees for, within or above assets, the designation of beneficiaries or beneficiaries of losses or a similar agreement under an insurance contract. For commercial banks and large financial firms, “credit agreements” are generally not categorized, although credit portfolios are often roughly divided into “personal” and “commercial” credits, while the “commercial” category is then divided into “industrial” and “commercial” credits. “Industrial” credits are those that depend on the cash flow and solvency of the company and the widgets or services it sells. “Commercial real estate” loans are those that repay loans, but this depends on the rental income paid by tenants who rent land, usually for long periods. There are more detailed categorizations of credit portfolios, but these are always variations around the major themes. Credit agreements are usually written, but there is no legal reason why a credit agreement should not be a purely oral agreement (although oral agreements are more difficult to enforce). Before entering into a commercial credit agreement, the borrower first makes statements about its nature, solvency, cash flow and any collateral that it may mortgage as collateral for a loan. These presentations are taken into account and the lender then determines under what conditions (conditions), if any, he is ready to advance the money..
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