Nature of Facility Sample Clauses

Nature of Facility. 19 6.2 Utilisation ....................................................... 20
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Nature of Facility. 6.1.1 Subject to the terms of this Agreement, the Overdraft Facility shall be available for utilisation by Newco, provided that yhe Overdraft Facility may be terminated and cancelled. (in whole or in part) by the Bank at any time and the Overdraft Limit shall be reduced by the amount so cancelled.
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Nature of Facility. 6.1.1 The Working Capital Facility is available for utilisation by any Borrower, subject to the other terms hereof, at any time during the Availability Period provided there has been an advance of any other Loan.
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Nature of Facility. 7.1.1 The Overdraft Facility shall be available for Drawing by the Company during the Availability Period applicable to that Facility.
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Nature of Facility. The Facility is revolving.
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Nature of Facility. This facility is a term loan facility. Any Advances made hereunder that are repaid may not be reborrowed.
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Nature of Facility. All property acquired with the net proceeds of the sale of the Series 2012 Bonds will be used to acquire land or property of a character subject to the allowance for depreciation under Section 167 of the Code and such costs representing proceeds so used are properly chargeable to a capital account of the Borrower for Federal income tax purposes or would be so chargeable either with a proper election by the Borrower or but for a proper election by the Borrower to deduct the costs.
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Nature of Facility. Xxxxxx agrees to lend to Xxxxxxxx and Xxxxxxxx agrees to borrow from Funder funds in the aggregate principal amount of .2 Billion Euros (the “Loan”), pursuant to the terms and conditions of Executive Employment Agreement signed by parties. Borrower shall receive a Loan from the Funder with the following terms and conditions. Loan Amount €2 Billion Euros Interest Rate 1.5% Term Up 25 Years Grace Period 5Year at Zero percent interest Repayment Begin after the grace period /Monies can be paid at any time,no penalty Forgiveness of Loan Facility Funder reserves the absolute right to forgive the loan facility whether entirely or partially at any time after the initial grace Period, also after grace period ,borrower will be allowed to make application to increase the loan facility.
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Nature of Facility 
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Related to Nature of Facility

  • Nature of Agreement You understand and agree that this letter agreement is a severance agreement and does not constitute an admission of liability or wrongdoing on the part of the Company.

  • Nature of Obligations Nothing contained herein shall create or require the Bank to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Bank hereunder, such right shall be no greater than the right of any unsecured general creditor of the Bank.

  • Structure of Agreement The Trust is entering into this Agreement solely on behalf of the Fund. Without limiting the generality of the foregoing: (a) no breach of any term of this Agreement shall create a right or obligation with respect to any series of the Trust other than the Fund; (b) under no circumstances shall the Advisor have the right to set off claims relating to the Fund by applying property of any other series of the Trust; and (c) the business and contractual relationships created by this Agreement, consideration for entering into this Agreement, and the consequences of such relationship and consideration relate solely to the Trust and the Fund.

  • Indemnification; Nature of Issuing Lender’s Duties (a) In addition to its other obligations under Section 2.3, the Credit Parties hereby agree to protect, indemnify, pay and save the Issuing Lender and each Lender harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys’ fees) that the Issuing Lender or such Lender may incur or be subject to as a consequence, direct or indirect, of (i) the issuance of any Letter of Credit or (ii) the failure of the Issuing Lender to honor a drawing under a Letter of Credit as a result of any act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority (all such acts or omissions, herein called “Government Acts”).

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