Ann: Part Repayment of Loan Facility, page-30

  1. 222 Posts.
    lightbulb Created with Sketch. 24
    You said; ”The market doesn't know what to expect with debts not paid out when they said they were going to pay them.”

    The agreement says; ..must be paid to the lender in permanent reduction of the Principal Amount”

    Interesting comment you’ve made about the debt not being paid out given the agreement verily rules out immediate settlement of the debt.

    The terms ‘reduction’ and ‘settlement’ are not interchangeable thereby giving the borrower the flexibility to reduce the debt at its discretion.
    Last edited by Trending237: 15/04/21
 
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