Grant of Facility. The Bank grants to the Borrower upon the terms and subject to the conditions hereof, a revolving credit facility in a total aggregate amount of $70,000,000 (the "Commitment").
Grant of Facility. The Lenders hereby grant to the Company an ----------------- advance facility, pursuant to which, and upon the terms and subject to the conditions herein set out.
(i) the Lenders agree to make LIBOR Advances to the Company under the Facility in accordance with Article 3; and ---------
(ii) the Lenders agree to make Reference Rate Advances to the Company under the Facility in accordance with Article 4. ---------
Grant of Facility. 16 Section 2.2 Maximum Outstandings...................................................
Grant of Facility. (a) The Lender grants to the Borrower the Facility on the terms and conditions of this Agreement and in the other Finance Documents under which the Borrower may, during an Availability Period drawdown an amount up to the Commitment in instalments that shall not exceed the tranches set out in Schedule 1.
Grant of Facility. The Xxxxx xxxxx to the Company, upon the terms and subject to the conditions hereof, an onshore bills of exchange discount facility in the following aggregate amounts:
(a) in respect of the Tranche A Facility, Thai Baht 400,000,000
(b) in respect of the Tranche B Facility, US$15,000,000.
Grant of Facility. The Lenders agree to make the Facility available to the Borrower on the terms and conditions contained in this Agreement.
Grant of Facility. 9 SECTION 2.02. Condition Precedent Documents.............................9 ARTICLE III FUNDING PROVISIONS SECTION 3.01.
Grant of Facility. The Xxxxx xxxxx to the Company, upon the terms and subject to the conditions hereof, a bills of exchange discount facility in an aggregate total amount of US$150,000,000.
Grant of Facility. 1. At the Borrower's request, and together with the terms and conditions of the Master Facility Agreement together with the Schedules thereunder, including this Schedule, the Sanction Letter and the Transaction Documents (including creating or providing security in the manner prescribed), the Bank may vide its Sanction Letter grant to the Borrower an overdraft facility ("the Facility") up to the maximum overdraft limit specified in the Sanction Letter. The Bank shall not be liable to lend to the Borrower beyond the maximum overdraft limit, honour any cheques, allow any cash withdrawals (other than withdrawal in respect of the Facility subject to the terms of the Transaction Documents) or meet any further requirements of the Borrower on account of growth in business or otherwise.
2. Notwithstanding the maximum overdraft limit, unless the Bank otherwise permits, the Borrower shall not be entitled to operate the Facility beyond the Drawing Power which may be determined by the Bank from time to time on the basis of the Bank's margin requirements and the value of the Security or otherwise . The Borrower is aware and agrees that the Bank may, from time to time, vary the Drawing Power without any intimation to the Borrower, and the Borrower agrees to at all times (and in particular before any cheque is presented for payment) to keep itself informed of the Drawing Power and the Bank's margin requirements as varied from time to time. The Borrower has understood and is aware of the Bank's methodology of computing the Drawing Power and compute the Borrower's' Drawing Power before issuing any cheque or drawing any money under the Facility. The Borrower shall at all times confine the borrowings to the drawing power allotted within the limit of a particular facility, namely, the value of the security less the corresponding margin stipulated from time to time in respect of the said facility or the limit set by the Bank, whichever is lower, and in no case shall the Borrower exceed such limit. The Bank may however at the specific request of the Borrower and in its own discretion, allow drawings beyond such drawing power or limit for such time as may be considered necessary and shall at any time without notice call upon the Borrower to repay such excess drawings. All rights and obligations of the Bank and the Borrower respectively under the Master Facility Agreement and this Schedule, if any and under any sanction letter and/or security documents shall extend to cover such ...
Grant of Facility. Upon and subject to the terms and conditions of this Agreement, the Canadian Revolving Lenders hereby establish a committed revolving operating credit facility in favour of Cognos for general corporate purposes. Each Canadian Revolving Lender severally (and not jointly) agrees to make its share available in each Borrowing to be made under the Canadian Revolving Facility in accordance with its Rateable Share of the Canadian Revolving Facility.
