Overdraft, loan and other finance facilities Clause Samples

Overdraft, loan and other finance facilities. Full details of all: (a) overdraft, loan and other financial facilities available to the Company; and (b) save for Small Lease Agreements (as defined below), agreements or arrangements for hire or rent, hire-purchase, conditional sale or purchase by way of credit or instalment payment to which the company is a party (each a Lease Agreement), (including any Security Interest relating to such facilities, agreements or arrangements) and true and correct copies of all documents relating to such facilities, agreements or arrangements are attached to the Disclosure Letter. For the purposes of this schedule, a Small Lease Agreement is any agreement or arrangement for hire or rent, hire-purchase, conditional sale or purchase by way of credit or instalment payment to which the Company is a party where: (i) individually the annual payments thereunder do not exceed £1,000; and (ii) in aggregate the annual payments for all Small Lease Agreements do not exceed £15,000;

Overdraft, loan and other finance facilities. (a) Complete and accurate details of all: (i) overdraft, loan and other financial facilities available to the Company (Financial Facilities); and (ii) agreements or arrangements for hire or rent, hire-purchase, conditional sale or purchase by way of credit or instalment payment to which the company is a party (each a Lease Agreement), save for Small Lease Agreements (as defined below), (including any Security Interest relating to such facilities, agreements or arrangements) and true and correct copies of all documents relating to such facilities, agreements or arrangements are attached to the Disclosure Letter. For the purposes of this schedule, a Small Lease Agreement is any agreement or arrangement for hire or rent, hire-purchase, conditional sale or purchase by way of credit or instalment payment to which the Company is a party where the annual payments thereunder do not exceed £10,000. (b) The annual payments under the Small Lease Agreements do not exceed £100,000 in aggregate. (c) No event has occurred or been alleged which is or, with the passing of any time or the giving of any notice, certificate, declaration or demand, would become an event of default under, or breach of, any of the terms of any loan capital, borrowing, debenture or financial facility of the Company (if any) or which would entitle any person to call for repayment prior to normal maturity