Nature of Facility. 19 6.2 Utilisation ....................................................... 20
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.
6.1.2 The Working Capital Facility is made available by the Working Capital Bank in an aggregate maximum principal amount equal to the Working Capital Facility Limit.
6.1.3 The Working Capital Facility shall, subject to Clauses 6.2.2 and 6.2.3, cease to be available on the Working Capital Repayment Date or such earlier date on which it is cancelled in accordance with the terms hereof.
6.1.4 Each Borrower shall complete such mandate and other documents in respect of the Working Capital Facility as the Working Capital Bank may require in accordance with its normal practice for commercial borrowers.
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.
6.1.2 The Overdraft Facility shall be made available by the Bank in a maximum amount equal to the Overdraft Limit.
6.1.3 The Overdraft Facility shall cease to be available on the Final Repayment Date or such earlier date on which it is cancelled in accordance with the terms of this Agreement.
6.1.4 Newco shall complete such mandate and other like documents in respect of the Overdraft Facility as the Bank may reasonably require.
6.1.5 Notwithstanding the terms of this Agreement, the Bank: may review the Overdraft Facility and the Overdraft Limit on an annual basis.
Nature of Facility. The Facility is revolving.
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.
Nature of Facility. This facility is a term loan facility. Any Advances made hereunder that are repaid may not be reborrowed.
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.
7.1.2 The Overdraft Facility shall be made available by the Overdraft Facility Lenders during the Availability Period applicable to the Facility, provided that:
(i) the Term Loan Facility has been (or will simultaneously be) utilised; and
(ii) at no time during the term of the Overdraft Facility, may the Net Debit Balance exceed the Overdraft Limit.
7.1.3 The Overdraft Facility shall cease to be available on the Termination Date.
7.1.4 The Overdraft Facility shall be made available in the Base Currency.
7.1.5 The Company shall complete such mandate and other like documents in respect of the Overdraft Facility as each Overdraft Facility Lender may reasonably require.
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.
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.
7.1.2 The Overdraft Facility shall be made available by the Overdraft Facility Lenders during the Availability Period applicable to the Overdraft Facility, provided that at no time during the term of the Overdraft Facility, may the Net Debit Balance exceed the Overdraft Limit.
7.1.3 The Overdraft Facility shall cease to be available on the Termination Date.
7.1.4 The Overdraft Facility shall be made available in the Base Currency.
7.1.5 The Company shall complete such mandate and other like documents in respect of the Overdraft Facility as each Overdraft Facility Lender may reasonably require.
Nature of Facility
