Common use of Availability of Facility Clause in Contracts

Availability of Facility. (a) Subject to Clause 3.9, the Facility shall be made available to the Borrower as set out in Clause 3.7 (Disbursement; Hedging Arrangements). (b) Upon the terms and subject to the conditions of this Agreement, the Facility shall be available for drawing by the Borrower on any Business Day on or prior to the Commitments Termination Date.

Appears in 2 contracts

Samples: Fourth Amendment and Restatement Agreement (Royal Caribbean Cruises LTD), Fifth Amendment and Restatement Agreement (Royal Caribbean Cruises LTD)

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Availability of Facility. (a) Subject to Clause 3.9clause 3.7, the Facility shall be made available to the Borrower as set out in Clause 3.7 one (Disbursement; Hedging Arrangements)1) disbursement. (b) Upon the terms and subject to the conditions of this Agreement, the Facility shall be available for drawing by the Borrower on any Business Day on or prior to the Commitments Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

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Availability of Facility. (a) Subject to Clause 3.9, the The Facility shall be made available to the Borrower as set out in Clause 3.7 (Disbursement; Hedging Arrangements). (b) Upon the terms and subject to the conditions of this Agreement, the Facility shall be available for drawing by the Borrower on any Business Day on or prior to the Commitments Termination Date.

Appears in 1 contract

Samples: Facility Agreement (Royal Caribbean Cruises LTD)

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