Establishment of Facility. Subject to the terms and conditions of this Agreement, the Lenders hereby establish in favour of the Borrower the Facility during the Availability Period in the aggregate principal amount of the Credit Limit.
Establishment of Facility. The Lenders, in reliance on each of the representations, warranties and covenants set out herein and upon and subject to the provisions of this Agreement, including without limitation the satisfaction of the relevant conditions to the making of Advances hereunder set out in Article 8, hereby agree to make available to the Borrower a non-revolving term facility in a maximum initial principal amount of up to $60,000,000.
Establishment of Facility. The Borrower has requested that the Lenders establish this loan facility (the "Facility"), the proceeds of Loans made under which shall be used as follows, subject to and upon the terms and conditions of this Agreement:
Establishment of Facility. The Lenders hereby severally establish in favour of the Borrower, and otherwise on the terms and conditions hereof, a credit facility (the “Facility”) in the maximum principal amount, in US Dollars and/or Cdn. Dollars of the US Dollar Equivalent of US$30,000,000. The Facility shall comprise a:
Establishment of Facility. FFPCCL will establish the Facility, including obtaining and maintaining all licenses, permits, certifications and other authorizations necessary to operate the Facility and the MicroSort® Equipment in accordance with applicable legal requirements; leasing and renovating appropriate space; acquiring office furniture, fixtures, equipment and supplies; obtaining utilities, high-speed internet and other necessary vendor services; obtaining customary insurance coverage; and installing signage. FFPCCL will be responsible for maintaining the Facility (other than the MicroSort® Equipment) during the Term.
Establishment of Facility. FFPPL will establish the Facility, including obtaining and maintaining all licenses, permits, certifications and other authorizations necessary to operate the Facility and the MicroSort® Equipment in accordance with applicable legal requirements; leasing and renovating appropriate space; acquiring office furniture, fixtures, equipment and supplies; obtaining utilities, high-speed internet and other necessary vendor services; obtaining customary insurance coverage; and installing signage. FFPPL will be responsible for maintaining the Facility (other than the MicroSort® Equipment) during the Term.
Establishment of Facility. Subject to the terms and conditions in this Agreement, BMO hereby establishes a credit facility for the Borrower in the maximum principal amount of Five Hundred Thousand Dollars ($500,000.00) (the "Mastercard Facility"). BMO shall not have the right to assign or grant a participation in the MasterCard Facility in whole or in part to any other Person.
Establishment of Facility. Subject to the terms and conditions of this Agreement, the Lender hereby agrees to make a non-revolving term loan (the “Loan”) to the Borrower in the amount of U.S.$610,000,000.00 subject to satisfying the conditions precedent set out in section 7.1. The Loan will be available by way of a single Advance and the commitment of the Lender to make the Advance will expire on December 15, 2009 if it has not been made by such date. The term of the Loan will mature on the Maturity Date.
Establishment of Facility. The Borrowers have requested that the Lenders establish this secured mortgage warehousing facility (the "Facility"), the proceeds of the Warehousing Advances made under which shall be used by the respective Borrowers to fund Eligible Loans. The Borrowers shall be jointly and severally liable for all Obligations hereunder, regardless of which Borrower requested any particular Warehousing Advance or provided any particular item of Collateral hereunder.
Establishment of Facility. 1 Subject to the terms and conditions in this Agreement, each Lender hereby establishes a committed, non-revolving credit facility for the Borrower in the maximum principal amount indicated opposite such Lender's name in Exhibit "A" under the heading "Facility 1 Commitments". The said credit facilities are established by the Lenders severally and not jointly, and are hereinafter collectively referred to as "Facility 1". Each Advance by a Lender under Facility 1 shall be made in its Proportionate Share of Facility 1.
