Terms of the Facility Sample Clauses

Terms of the Facility. 1) The Bank shall maintain/cause to be maintained the Facility account in the name of the Borrower for entering the particulars of the said Facility for the time being (hereinafter referred to as the said "Account”). 2) The Borrower shall each be entitled to the Facility of a maximum amount equivalent to the value of the Commodities pledged by the Borrower from time to time with the Bank. Such value shall be based on the amount of commodities supplied by the Borrower, as evidenced in the warehouse receipt/storage receipt and other documents deposited by the Borrower/Collateral Manager or unencumbered eNWR/ePledge Lot depicting in the beneficiary account/COMRIS account of the borrower with ComRIS Participants / Repository Participant – Account Maintenance and evidencing the pledge of commodities to the Bank and the market price offered for the said commodities, from time to time. Notwithstanding the above the maximum amount of credit line available to the Borrower shall not exceed Rupees . In case of JLGs, the maximum amount of credit line provided to individual farmers within the overall limit of JLG shall not exceed Rs. 10 lakhs. The price of the commodity considered for disbursement of a warehouse receipt/storage receipt/ eNWR/ePledge lot, shall be at the sole discretion of the Bank. 3) a) The Bank at the request of the Borrower has agreed to grant / granted credit facility as described in the Schedule with full power to the Bank from time to time to renew or reduce or enhance the limit (as and when the Borrower/Collateral Manager deposits warehouse receipts/storage receipts or unencumbered eNWR/ePledge lot depicting in the beneficiary account/COMRIS account of the borrower with ComRIS Participants / Repository Participant – Account Maintenance duly endorsed in favour of the Bank evidencing the pledge of commodities to the Bank) or altogether withdraw the facility on the terms and conditions appearing herein.
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Terms of the Facility. The Bank shall maintain/cause to be maintained the Facility account in the name of the Borrower for entering the particulars of the said Facility for the time being (hereinafter referred to as the said "Account”).
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Terms of the Facility. 24 2.1 Commitments 24 2.2 [Reserved] 25 2.3 Limitations on Interest Periods 25 2.4 Limitation on Types of Loans 25 2.5 Use of Loan Proceeds 25 2.6 Interest 27
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Terms of the Facility. With regard to any Facility which is subject to any specific agreement or arrangement now or hereafter subsisting, the Customer covenants to discharge and satisfy such Facility in accordance with the terms of such agreement or arrangement.
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Terms of the Facility. Borrower(s)’s Warranty, Undertaking & Declaration
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Terms of the Facility. The Pledgor/s agrees to borrow from the Bank and the Bank agree to lend to the Pledgor/s the facility particularly mentioned in Schedule I (d) hereto.
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Terms of the Facility. The board (the “Board”) of directors of the Company is pleased to announce that on 24 February 2022, the Company entered into a revolving facility agreement (the “Facility Agreement”) with Smart Neo Holdings Limited (“Smart Neo”). Smart Neo is a substantial shareholder of the Company and is wholly and beneficially owned by Xx. Xx Xx (“Xx. Xx”), the Chairman and an executive Director of the Company. Pursuant to the Facility Agreement, it is agreed that Smart Neo shall grant a revolving facility (the “Facility”) up to the principal amount of US$750,000,000 (which is equivalent to approximately HK$5.85 billion) to the Company for a term of 12 months effective from the date of the Facility Agreement. The Facility is unsecured, interest-free and repayable on demand. The draw-down and provision of each tranche of loan under the Facility is subject to the fulfilment of the conditions specified in the Facility Agreement. Smart Neo shall have the absolute discretion to waive any or all of the conditions of the Facility Agreement as it thinks appropriate. The funds drawn down from the Facility shall be used strictly for (i) acquisition of recognised insurance companies and/or projects worldwide, particularly insurance companies and/or projects in the Asian regions (including Singapore etc.), European regions (including the United Kingdom etc.) and Northern American regions (including the United States etc.) (the “Proposed Acquisitions”); or (ii) provision of financial assistance to Target Insurance Company, Limited (the “Subsidiary”), being a wholly owned subsidiary of the Group. On the date of signing of the Facility Agreement of 24 February 2022, the Company has notified the Insurance Authority (the “IA”) in respect of the matters regarding the Facility Agreement and the Proposed Acquisitions (the “Notice to IA”) in compliance of the undertaking given by the Company to the IA, under which the notice period shall be not less than 60 days or shorter period as the IA may allow. Unless the Company receives the consent from the IA for shorter notice, the drawdown of the Facility will not take place earlier than 60 days after the date of the Notice to IA. No binding agreement has been entered into in respect of the Proposed Acquisitions. Unless the Company receives the consent from the IA for shorter notice, the Company is unable to proceed with any Proposed Acquisitions within 60 days after the date of the Notice to IA. Further announcement(s) will be made by the Compa...
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Terms of the Facility. 1.1 Construction of the Agreement a. The preamble portion of this agreement shall be deemed to be an integral part of this agreement. b. The terms, conditions, covenants etc. contained in this agreement shall apply, subsist and be operative in respect of the credit facilities granted or to be granted by the Bank and this agreement shall be construed and read as part and parcel of documents/agreements executed/to be executed by the Borrower(s) in favour of the Bank. c. The Loan Application shall be deemed to constitute the basis of this agreement and of the loan advanced or to be advanced by the Bank hereunder.
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Terms of the Facility 
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Related to Terms of the Facility

  • Terms of the Loan The Loan will bear interest for the period and at the rate or rates set forth in the Note, and be payable in accordance with the terms of the Note. The outstanding principal balance, all accrued and unpaid interest and all other sums due and payable under the Note or other Loan Documents, if not sooner paid, shall be paid in full at Loan Maturity.

  • The Facility Subject to the terms of this Agreement, the Lenders make available to the Borrowers a multicurrency revolving loan facility in an aggregate amount equal to the Total Commitments.

  • Amount and Terms of the Credit Facility 2.1. The Commitments; Increase in Total Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that will not result in such Lender's Exposure exceeding such Lender's Commitment. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary in this Agreement, in no event may Loans be borrowed under this Section 2 if, after giving effect thereto, the aggregate principal amount of the Total Exposures at such time would exceed the Total Commitments then in effect. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6. (b) In the event that the Borrower wishes from time to time to increase the Total Commitments, it shall notify the Administrative Agent in writing of the amount (the "Commitment Increase Amount") of such proposed increase (such notice, a "Commitment Increase Notice"), and the Administrative Agent shall notify each Lender of such proposed increase. The Borrower may, at its election (i) offer one or more of the Lenders the opportunity to participate in all or a portion of the Commitment Increase Amount pursuant to paragraph (d) below and/or (ii) with the consent of the Administrative Agent and the Issuing Lender (which consent shall not be unreasonably withheld or delayed), offer one or more additional banks, financial institutions or other entities the opportunity to participate in all or a portion of the Commitment Increase Amount pursuant to paragraph (c) below. Each Commitment Increase Notice shall specify which Lenders and/or banks, financial institutions or other entities the Borrower desires to participate in such Commitment increase. The Borrower or, if requested by the Borrower, the Administrative Agent, will notify such Lenders and/or banks, financial institutions or other entities of such offer. Each Commitment Increase Amount shall be at least $50,000,000. (c) Any additional bank, financial institution or other entity which the Borrower selects to offer participation in the increased Commitments and which elects to become a party to this Agreement and provide a Commitment in an amount so offered and accepted by it pursuant to Section 2.1(b)

  • Amount and Terms of the Loans 2.1 Commitments 25 2.2 Borrowings 26 2.3 Disbursements; Funding Reliance; Domicile of Loans 29 2.4 Evidence of Debt; Notes 30

  • Terms of the Offering We may advise you orally or by one or more wires, telexes, telecopy or electronic data transmissions, or other written communications (each, a “Wire”) of the particular method and supplementary terms and conditions of any Offering (including the price or prices at which the Securities initially will be offered by the several Underwriters, or if the price is to be determined by a formula based on market price, the terms of the formula, (the “Offering Price”) and any Selling Concession or, if applicable, Reallowance) in which you are invited to participate. Any such Wire may also amend or modify such provisions of this Master SDA in respect of the Offering to which such Wire relates, and may contain such supplementary provisions as may be specified in any Wire relating to an Offering. To the extent such supplementary terms and conditions are inconsistent with any provision herein, such supplementary terms and conditions shall supersede any provision of this Master SDA. Unless otherwise indicated in any such Wire, acceptances and other communications by you with respect to an Offering should be sent pursuant to the terms of Section 19 hereof. Notwithstanding that we may not have sent you a Wire or other form of invitation to participate in such Offering or that you may not otherwise have responded by wire or other written communication (any such communication being deemed “In Writing”) to any such Wire or other form of invitation, you will be deemed to have accepted the terms of our offer to participate as a Selected Dealer and of this Master SDA (as amended, modified or supplemented by any Wire) by your purchase of Securities or otherwise receiving and retaining an economic benefit for participating in the Offering as a Selected Dealer. We reserve the right to reject any acceptance in whole or in part. Any Offering will be subject to delivery of the Securities and their acceptance by us and any other Underwriters may be subject to the approval of all legal matters by counsel and may be subject to the satisfaction of other conditions. Any application for additional Securities will be subject to rejection in whole or in part.

  • Terms of the Offer Upon the terms and subject to the conditions of the Offer, the Purchasers will accept for payment and pay for Units validly tendered on or prior to the Expiration Date and not withdrawn in accordance with Section 4 of this Offer to Purchase. The term “Expiration Date” shall mean 11:59 p.m., Pacific Time, on January 25, 2013, unless and until the Purchasers shall have extended the period of time for which the Offer is open, in which event the term “Expiration Date” shall mean the latest time and date on which the Offer, as so extended by the Purchasers, shall expire. The Offer is conditioned on satisfaction of certain conditions. See Section 13, which sets forth in full the conditions of the Offer. The Purchasers reserve the right (but shall not be obligated), in their sole discretion and for any reason, to waive any or all of such conditions. If, by the Expiration Date, any or all of such conditions have not been satisfied or waived, the Purchasers reserve the right (but shall not be obligated) to (i) decline to purchase any of the Units tendered, terminate the Offer and return all tendered Units to tendering Unit holders, (ii) waive all the unsatisfied conditions and, subject to complying with applicable rules and regulations of the Commission, purchase all Units validly tendered, (iii) extend the Offer and, subject to the right of Unit holders to withdraw Units until the Expiration Date, retain the Units that have been tendered during the period or periods for which the Offer is extended or (iv) to amend the Offer. Notwithstanding the foregoing, upon the expiration of the Offer, if all conditions are either satisfied or waived, the Purchasers will promptly pay for all validly tendered Units upon confirmation that the Supervisor will either transfer the Units or recognize the change of address for distributions and correspondence on the Units, and the Purchasers do not intend to imply that the foregoing rights of the Purchasers would permit the Purchasers to delay payment for validly tendered Units following expiration. The Purchasers do not anticipate and have no reason to believe that any condition or event will occur that would prevent the Purchasers from purchasing tendered Units as offered herein. Further, by tendering your Units, you are agreeing to arbitrate any disputes that may arise between you and the Purchasers or the Depositary, to subject yourself to personal jurisdiction in California, and that the prevailing party in any such action will be entitled to recover attorney fees and costs. However, by so doing, you are not waiving any of your rights under the federal securities laws or any rule or regulation thereunder.

  • General Terms and Conditions of the Notes Section 201.

  • Terms and Conditions of the Offer Provided that this Agreement shall not have been terminated pursuant to Article X and that none of the events or circumstances set forth in clauses (C)(1) or (C)(4) of Annex A shall have occurred and be existing (and shall not have been waived by Parent), as promptly as practicable after the date hereof (but in no event more than ten Business Days thereafter), Acquisition Sub shall (and Parent shall cause Acquisition Sub to) commence (within the meaning of Rule 14d-2 promulgated under the Exchange Act) the Offer to purchase any and all of the Company Shares at a price per Company Share, subject to the terms of Section 2.1(c), equal to the Offer Price, provided that Parent and Acquisition Sub shall not be required to commence, or cause to be commenced, the Offer prior to the date on which the Company is prepared to file the Schedule 14D-9. The Offer shall be made by means of an offer to purchase all outstanding Company Shares (the “Offer to Purchase”) that is disseminated to all of the Company Stockholders and contains the terms and conditions set forth in this Agreement and in Annex A. Each of Parent and Acquisition Sub shall use its reasonable best efforts to consummate the Offer, subject to the terms and conditions hereof and thereof. The Offer shall be subject only to: (i) the condition (the “Minimum Condition”) that, prior to the expiration of the Offer, there be validly tendered and not withdrawn in accordance with the terms of the Offer a number of Company Shares that, together with the Company Shares then owned by Parent and Acquisition Sub (if any), represents at least a majority of all then outstanding Company Shares on a fully diluted basis, assuming the issuance of all Company Shares that may be issued upon the vesting, conversion or exercise of all outstanding options, warrants, convertible or exchangeable securities and similar rights that are then, or then scheduled to become, exercisable within ninety (90) days following the then scheduled expiration of the Offer in accordance with the terms and conditions thereof (other than the Top-Up Option); and (ii) the other conditions set forth in Annex A.

  • Amount and Terms of the Commitments Section 2.1. General Description of Facilities

  • Amount and Terms of the Commitment Section 2.1 The Advances............................................. 7 Section 2.2 Making the Advances...................................... 8 Section 2.3 Fees..................................................... 9 Section 2.4 Reduction or Termination of the Commitment.............