Facility E Commitment Sample Clauses
The Facility E Commitment clause defines the lender's obligation to provide a specific amount of financing under Facility E, subject to agreed terms and conditions. In practice, this clause outlines the maximum amount available, the period during which the commitment is valid, and any conditions precedent that must be satisfied before funds can be drawn. Its core function is to ensure both parties have a clear understanding of the lender's commitment, thereby providing certainty to the borrower regarding the availability of funds and helping to manage expectations and financial planning.
Facility E Commitment. Relying on each of the representations and warranties set out in ARTICLE 2 and subject to the terms of this Agreement, each Lender, severally and not jointly, (i) has made available the drawn portion of its Facility E Commitment prior to the date hereof and (ii) agrees to make available its Facility E Available Commitment to the Canadian Borrower, on a non-revolving basis, on the date hereof:
7.1.1.1 in CDollars by way of Canadian Rate Advances; and
7.1.1.2 in CDollars by way of Acceptance of Bankers’ Acceptances or, as the case may be, BA Equivalent Advances; provided that a Lender shall have no obligation (a) to make any Facility E Advance after the Facility E Termination Date; or (b) to make any Facility E Advance if at any time the amount thereof exceeds its then Facility E Available Commitment; or (c) to make any Advance, Conversion Advance or Rollover Advance under Facility E Credit at any time that a Default or an Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement).
Facility E Commitment. Relying on each of the representations and warranties set out in ARTICLE 2 and subject to the terms of this Agreement, each Lender, severally and not jointly, agrees to make its Facility E Commitment under the Facility E Credit available to the Canadian Borrower, on a non-revolving basis, during the period from the date hereof until the Facility E Termination Date:
7.1.1.1 in CDollars by way of Canadian Rate Advances; and
7.1.1.2 in CDollars by way of Acceptance of Bankers’ Acceptances or, as the case may be, BA Equivalent Advances; provided that a Lender shall have no obligation (a) to make any Facility E Advance after the Facility E Termination Date; or (b) to make any Facility E Advance if at any time the amount thereof exceeds its then Facility E Available Commitment; or (c) to make any Advance, Conversion Advance or Rollover Advance under Facility E Credit at any time that a Default or an Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement).
Facility E Commitment. Relying on each of the representations and warranties set out in ARTICLE 2 and subject to the terms of this Agreement, each Lender, severally and not jointly, agrees to make (i) has made available the drawn portion of its Facility E Commitment under the prior to the date hereof and (ii) agrees to make available its Facility E Credit available Available Commitment to the Canadian Borrower, on a non-revolving basis, during the period from on the date hereof until the Facility E Termination Date:
7.1.1.1 in CDollars by way of Canadian Rate Advances; and
7.1.1.2 in CDollars by way of Acceptance of Bankers’ Acceptances or, as the case may be, BA Equivalent Advances; provided that a Lender shall have no obligation (a) to make any Facility E Advance after the Facility E Termination Date; or (b) to make any Facility E Advance if at any time the amount thereof exceeds its then Facility E Available Commitment; or (c) to make any Advance, Conversion Advance or Rollover Advance under Facility E Credit at any time that a Default or an Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement).