Common use of Establishment of Credit Facility Clause in Contracts

Establishment of Credit Facility. Subject to the terms and conditions hereof, the Lenders hereby establish in favour of the Borrower a reducing revolving term credit facility in an amount equal to the Credit Limit (as such amount may be reduced from time to time).

Appears in 2 contracts

Samples: Credit Agreement (Silvercrest Mines Inc), Credit Agreement (Endeavour Silver Corp)

AutoNDA by SimpleDocs

Establishment of Credit Facility. Subject to the terms and conditions hereof, the Lenders hereby establish in favour of the Borrower a reducing revolving term credit facility (the “Credit Facility”) in an the amount equal to the Credit Limit (of [redacted], as such amount may be reduced from time pursuant to time)Section 2.3.

Appears in 1 contract

Samples: Credit Agreement (New Gold Inc. /FI)

Establishment of Credit Facility. Subject to the terms and conditions hereof, the Lenders hereby establish in favour of the Borrower a reducing revolving term credit facility (the “Credit Facility”) in an the amount equal to the Credit Limit (of [Redacted], as such amount may be reduced from time pursuant to time)Section 2.3.

Appears in 1 contract

Samples: Credit Agreement (New Gold Inc. /FI)

Establishment of Credit Facility. Subject to the terms and conditions hereof, the Lenders hereby establish in favour of the Borrower a reducing non-revolving term credit facility in an amount equal to the Credit Limit (as such amount may be reduced from time to time).

Appears in 1 contract

Samples: Credit Agreement (Endeavour Silver Corp)

AutoNDA by SimpleDocs

Establishment of Credit Facility. Subject to the terms and conditions hereof, the Lenders Bank hereby establish establishes in favour of the Borrower a reducing reducing, revolving term credit facility (the "Credit Facility") in an the amount equal to of the Credit Limit (as such amount may be reduced from time to time)Facility Limit.

Appears in 1 contract

Samples: Credit Agreement (Ceridian Corp)

Establishment of Credit Facility. Subject to the terms and conditions hereof, the Lenders hereby establish in favour of the Borrower a reducing revolving term credit facility (the “Credit Facility”) in an amount equal to the Credit Limit (as such amount may be reduced from time to timetime in accordance with the terms hereof).

Appears in 1 contract

Samples: Credit Agreement (Lake Shore Gold Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.