Uncommitted Facility definition

Uncommitted Facility means any facility that is expressly identified as being an uncommitted facility in Clause 2(a) of the Facility Letter.

Uncommitted Facility is defined in the Side Letter.

Uncommitted Facility means the amended and restated uncommitted and discretionary credit facility as evidenced by this Agreement and the other Loan Documents.

Examples of Uncommitted Facility in a sentence

• If your Facility is an Uncommitted Facility, we do not have to give advance notice to you of any cancellation of your Limit.

• The Bank will have no obligation to make any utilisation under, or make available any part of, any Uncommitted Facility.

• Uncommitted Facility The Company is a party to two secured credit facilities with a financial institution to finance overnight securities positions purchased as part of its ordinary course broker-dealer market making activities.

• If your Facility is an Uncommitted Facility, we do not have to give advance notice to you of any cancellation of your Limit.(b) If we reduce your Limit, you must repay any amount required to reduce the Amount Owing to the new Limit by the end of the notice period or by the relevant Maturity Date, whichever is the later.

• Business activity conducted over the internet, cellular or digital format, is not subject to city regulation, provided any activity is conducted only by legal occupants of the residence, there are no employees on site, no deliveries or pickups are made by couriers or delivery services, and no other activity attributable to the business is visible from the exterior of the residence.

More Definitions of Uncommitted Facility

Uncommitted Facility means any facility that is expressly

Uncommitted Facility means the EUR 62,500,000 uncommitted working capital facility as described under Clause 2.2 (The Uncommitted Facility).

Uncommitted Facility means an uncommitted facility made available under this Agreement.

Uncommitted Facility. The Facility is made available on an uncommitted basis and the Bank shall have an absolute discretion as to whether or not it permits any utilization of the Facility. The renewal of Performance Bond under the Facility is subject to the Bank's internal periodical review Governing Law and Jurisdiction : This Letter is subject to the laws of Hong Kong Special Administrative Region with non-exclusive jurisdiction of courts of the Hong Kong Special Administrative Region. Please signify your understanding and acceptance of this Letter by signing and returning the duplicate copy of this Letter to the Bank by 22 July 2005. We are pleased to have the opportunity of working with you on this transaction and look forward to a lasting and mutually beneficial relationship. Bayerische Landesbank, Hong Kong Branch Xxxxx Xxxxxx Executive Vice President Regional Head Corporate Banking Asia Pacific & Chief Executive Xxxxxxx Xx Vice President Credit Analysis We, as the Applicant, agree to the terms and conditions of this Letter. Signed for and on behalf of PCCW Limited

Uncommitted Facility means a Credit Facility which shall be unconditionally revocable and cancellable by Investec without penalty or prior written notice.

Uncommitted Facility means the uncommitted credit facility for the making of Revolving Credit Loans and the issuance of Letters of Credit described in Article II hereof and provided to the Borrower upon the terms and conditions set forth in this Agreement and the other Credit Documents.

Uncommitted Facility means any uncommitted facility granted by the Bank to the Customer pursuant to the provisions set out in Clause 7 and documented in a Facility Agreement, or in a case where the Customer acts as a guarantor and / or third partysecurity provider to an uncommitted facility granted by the Bank to another customer of the Bank, the uncommitted facility of that other customer; and