The British Council was incorporated by royal charter of 7 October 19401 under the name of 'the British Council' with perpetual succession and a common seal2. The council may sue and be sued in all courts and in all manner of actions and suits and generally has power to do all matters and things incidental or appertaining to a body corporate3. The objects for which the council is established and incorporated are to advance any purpose which is exclusively charitable and which: (1) promotes cultural relationships and the understanding of different cultures between people and peoples of the United
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
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