Mandatory Facilities Clause Samples
The Mandatory Facilities clause defines certain credit facilities or loan commitments that lenders are required to provide under a financing agreement. Typically, this clause specifies which portions of the total loan amount are considered 'mandatory,' meaning all participating lenders must fund their share, regardless of individual circumstances or preferences. For example, in a syndicated loan, the mandatory facility might cover the main term loan, while other facilities, such as optional tranches or ancillary lines, are not compulsory. The core function of this clause is to ensure that essential funding is reliably available to the borrower, reducing the risk of shortfalls due to lender discretion or withdrawal.
Mandatory Facilities. ✓ Post-harvest dryer - 600 MT/Day ✓ Parboiling unit - 25 MT/hour ✓ Milling unit - 500 MT/Day of paddy ✓ Modern storage facilities for paddy viz. silos / warehouse of capacity of 60,000 MTs. ✓ Automatic rice packing system ✓ Warehouse / silo to store 3,500 MT of rice ✓ Conveyors to move the rice bags to lorries
Mandatory Facilities. The Concessionaire shall, unless suitably modified in the O&M Plan and/or the O&M Manual, operate and maintain the mandatory facilities in accordance with the standards set out in the table 5.4. Table 5.4 1 Weigh Bridge Calibration certification from manufacturer/ independent certification agency (approved by the Independent Consultant) to be renewed every year Maximum period of non-operation: 5 days Data recording and reporting format to be decided in consultation with the Independent Consultant and to form part of the O&M Plan and/or O&M Manual.
Mandatory Facilities. During the Active Operations Period and until the handback of the Waste Processing Facilities, the Concessionaire shall, unless suitably modified with mutual consent and duly documented in the O&M Plan and/or O&M Manual, operate and maintain the Waste Processing Facilities as per table 4.3.