An Ancillary Facility Request Clause Samples

An Ancillary Facility Request relating to a proposed Ancillary Facility will not be regarded as duly completed unless it identifies: (i) the Ancillary Lender (which must be a Designated Facility B Lender) which is to make available that Ancillary Facility; (ii) the type or types of facility to comprise that Ancillary Facility (which must comply with Clause 6.2 (Types of Ancillary Facility)); (iii) the date (the “Commencement Date”) on which that Ancillary Facility is to become available (which must be a date on which the Facility B is available to be drawn and must not be less than five Business Days after the date on which the Agent receives the Ancillary Facility Request); (iv) the expiry date of that Ancillary Facility (which must fall on or before the Facility B Termination Date); (v) the amount of the Ancillary Commitment (which must be denominated in the Base Currency) which is to apply to that Ancillary Facility; (vi) the currency or currencies (which must comply with paragraph (c) of this Clause 6.3) in which utilisations under that Ancillary Facility may be requested; (vii) the margin, commitment fee and other fees payable in respect of that Ancillary Facility; and (viii) such other details in relation to that Ancillary Facility as the Agent may reasonably require.