Facility Limits. The aggregate principal amount of the Funding 1 Liquidity Facility Loan shall not at any time exceed the Funding 1 Liquidity Facility Commitment. The Funding 1 Liquidity Facility Provider is not obliged to lend more than the Funding 1 Liquidity Facility Commitment. Save as otherwise provided in the Agreement (including, for the avoidance of doubt, Clause 7 (Cancellation)), if any of the following shall occur, the Funding 1 Liquidity Facility Commitment shall be reduced in the manner provided:
(a) if the First Issuer Intercompany Loan is repaid in full or is otherwise cancelled, the Liquidity Facility Commitment shall be reduced by the lesser of £60,000,000 and an amount which the Rating Agencies have confirmed will have no material adverse effect on the then current ratings of any Notes of any Issuer (or if the rating of any of the Notes of any Issuer has been downgraded, an amount which will not prevent the restoration of such rating); or
(b) if the Second Issuer Intercompany Loan is repaid in full or is otherwise cancelled, the Liquidity Facility Commitment shall be reduced by the lesser of £47,500,000 and an amount which the Rating Agencies have confirmed will have no material adverse effect on the then current ratings of any Notes of any Issuer (or if the rating of any of the Notes of any Issuer has been downgraded, an amount which will not prevent the restoration of such rating); or
(c) if the Third Issuer Intercompany Loan is repaid in full or is otherwise cancelled, the Liquidity Facility Commitment shall be reduced by the lesser of £42,500,000 and an amount which the Rating Agencies have confirmed will have no material adverse effect on the then current ratings of any Notes of any Issuer (or if the rating of any of the Notes of any Issuer has been downgraded, an amount which will not prevent the restoration of such rating);
(d) if the Fourth Issuer Intercompany Loan is repaid in full or is otherwise cancelled, the Liquidity Facility Commitment shall be reduced by an amount which the Rating Agencies have confirmed will have no material adverse effect on the then current ratings of any Notes of any Issuer (or if the rating of any of the Notes of any Issuer has been downgraded, an amount which will not prevent the restoration of such rating.
Facility Limits. (a) The Swingline Facility is not independent of the Revolving Credit Facility. The aggregate principal amount of all outstanding Advances (including Swingline Advances) at any time shall not exceed the Total Revolving Credit Commitments at that time; and
(b) The aggregate amount of all outstanding Swingline Advances at any one time shall not exceed the Total Swingline Commitments at that time.
Facility Limits. 23 2.3 A Lender's Individual Limit..........................................................................
Facility Limits. (a) The aggregate Original Dollar Amount of all outstanding Revolving Loans shall not at any time exceed the Total Revolving Credit Commitments.
(b) The Swingline Facilities are part of the Revolving Credit Facility and are not independent of the Revolving Credit Facility as set out in Clause 2.2 above. The aggregate Original Dollar Amount of all outstanding Loans (including Swingline Loans) shall not at any time exceed the Total Revolving Credit Commitments.
(c) The aggregate Original Dollar Amount of all outstanding U.S.$ Swingline Loans shall not, at any time, exceed the Total U.S.$ Swingline Commitments.
(d) The aggregate Original Dollar Amount of all outstanding SEK Swingline Loans shall not, at any time, exceed the Total SEK Swingline Commitments.
Facility Limits. 3.1. The Facility Limit advanced to the Borrower by the Bank shall be in the Bank’s sole discretion and subject to normal credit criteria of the Bank being met and collateral security, if required, being furnished prior to utilisation of the Facility. The Facility amount remains applicable for the duration of the time it remains due and payable to the Bank.
3.2. The Bank, within its sole discretion, may at any time, reduce or increase the credit limit allocated on the Account.
3.3. The Bank reserves the right to decide the credit limit on the Account and the Borrower must ensure that the Card Holders do not exceed the limit.
3.4. The Borrower may apply for an increase to the credit limit, which increase shall be evaluated by the Bank. The Bank may in its sole discretion and subject to normal credit criteria of the Bank being met and collateral security, if required, being furnished increase the Facility.
3.5. The Borrower is responsible for managing the credit limit on the Account.
3.6. The Bank may refuse to authorise purchases and cash withdrawals if the Borrower and/or the Card Holders have exceeded the credit limit.
3.7. In the event that the Bank accepts a transaction that results in the Borrower/Card Holder exceeding the credit limit, the credit limit will not be regarded as having been extended or increased. The Borrower however acknowledges that he will be liable to repay the Facility amount together with any amounts exceeding the Facility amount
3.8. Except as set out in clause 3.10 below, the Borrower, Account Holder and Card Holder will indemnify and reimburse (i) the Bank, (ii) the Bank’s agents and nominees, and (iii) the Bank’s officers and employees and that of the Bank’s agents or nominees (collectively called “the Relevant Parties”) for the following items which the Relevant Parties may incur or suffer as a result of or in connection with the Relevant Parties, providing equipment, facilities or services to the Borrower, Account Holder or Card Holder under this Credit Card Terms and Conditions:
3.8.1. all actions, proceedings and claims which may be brought by or against the Relevant Parties; and
3.8.2. all losses, damages and reasonable amounts of costs and expenses.
Facility Limits. In any event, (i) liquidated damages pursuant to Sections 8.2 and 6.
Facility Limits. The Amounts Outstanding under the Credit Facility shall not at any time exceed the Facility Amount.
Facility Limits. The aggregate principal amount of the Sixth Issuer Liquidity Facility Loan shall not at any time exceed the Sixth Issuer Liquidity Facility Commitment at that time. The Sixth Issuer Liquidity Facility Provider is not obliged to lend more than the Sixth Issuer Liquidity Facility Commitment.
Facility Limits. (a) The aggregate amount of all outstanding Loans under:
(i) Tranche A1, shall not exceed the Tranche A1 Total Commitments at any time;
(ii) Tranche A2, shall not exceed the Tranche A2 Total Commitments at any time;
(iii) Tranche B, shall not exceed the Tranche B Total Commitments at any time; and
(iv) the Facilities, shall not exceed the Total Commitments at any time.
(b) The aggregate amount of:
(i) the participations of a Lender in each Tranche A1 Loan shall not exceed that Lender's Tranche A1 Commitment at that time;
(ii) the participations of a Lender in each Tranche A2 Loan shall not exceed that Lender's Tranche A2 Commitment at that time; and
(iii) the participations of a Lender in each Tranche B Loan shall not exceed that Lender's Tranche B Commitment at that time.
(c) Unless the Facility Agent otherwise agrees, no more than 30 Loans may be outstanding at any time.
Facility Limits. 2.2.1 The Facility A Outstandings shall not at any time exceed the Facility A Total Commitments;
2.2.2 The Facility B Outstandings shall not at any time exceed the Facility B Total Commitments;
2.2.3 The Facility C Outstandings shall not at any time exceed the Facility C Total Commitments; and
2.2.4 The Facility D Outstandings shall not at any time exceed the Facility D Total Commitments.
