Question
A borrower is in the process of negotiating a term sheet (the 'Term Sheet') for a floating rate loan facility (the 'Facility'). The interest rate
A borrower is in the process of negotiating a term sheet (the 'Term Sheet') for a floating rate loan facility (the 'Facility'). The interest rate payable will be calculated by reference to ICE LIBOR.
Which ONE of the following statements is WRONG?
A The Term Sheet will specify the applicable ICE LIBOR rate.
B The Term Sheet will specify the margin payable on any loans made pursuant to the Facility.
C The Term Sheet will specify the purpose of the Facility.
D The Term Sheet will specify when the Facility will mature.
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Smith and Robersons Business Law
Authors: Richard A. Mann, Barry S. Roberts
17th edition
1337094757, 978-1337514408, 1337514403, 978-0357691571, 978-1337094757
