Common use of Nature of Credit Facility Clause in Contracts

Nature of Credit Facility. Prior to the Maturity Date of each Lender, the credit facility provided hereunder is a revolving credit facility and the Borrower may increase or decrease Borrowings from such Lender by obtaining Loans, Bankers' Acceptances and BA Equivalent Advances or Letters of Credit and by making repayments in respect thereof.

Nature of Credit Facility. Prior to the Maturity Date of each Lender, the credit facility provided hereunder is a revolving credit facility and the Borrower may increase or decrease Borrowings from such Lender by obtaining Loans, Bankers' ’ Acceptances and BA Equivalent Advances or Letters of Credit and by making repayments in respect thereof.

Nature of Credit Facility. Prior to the Maturity Date of each Lender, the credit facility provided hereunder Credit Facility is a revolving credit facility and the Borrower may increase or decrease Borrowings from such Lender by obtaining Loans, Bankers' Acceptances and BA Equivalent Advances or Letters of Credit and by making repayments in respect thereof.