The Facilities Clause Samples
The "THE FACILITIES" clause defines the specific resources, equipment, or premises that are made available for use under the agreement. It typically outlines what facilities are included, any conditions or limitations on their use, and the responsibilities of each party regarding maintenance or access. For example, it may specify access to office space, laboratories, or manufacturing areas during certain hours. This clause ensures both parties have a clear understanding of what facilities are provided, reducing the risk of disputes over access or usage rights.
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The Facilities. The Facilities
The Facilities. Subject to the terms of this Agreement, the Lenders make available to the Borrowers:
(a) a multicurrency term loan facility in an aggregate amount equal to the Total Facility A Commitments; and
(b) a multicurrency revolving loan facility in an aggregate amount equal to the Total Facility B Commitments.
The Facilities. Subject to the terms of this Agreement, the Lenders make available to the Borrowers:
(a) (other than the Company) a euro term loan facility in an aggregate amount equal to the Total Facility A Commitments; and
(b) a multicurrency revolving credit facility in an aggregate amount equal to the Total Facility B Commitments, part of which may, from time to time and in an aggregate amount at any time up to the Total Ancillary Limit, be designated as Ancillary Facilities.
The Facilities. Subject to the terms of this Agreement, the Lenders make available to the Borrower:
(A) a USD term loan facility in an aggregate amount equal to the Total Facility A Commitments; and
(B) a USD term loan facility in an aggregate amount equal to the Total Facility B Commitments.
The Facilities. Subject to the terms of this Agreement, the Lenders make available to the Borrower:
(a) a term loan facility in Dollars to be designated "Facility 1" in an aggregate amount equal to the Total Facility 1 Commitments; and
(b) a term loan facility in Dollars to be designated "Facility 2" in an aggregate amount equal to the Total Facility 2 Commitments.
The Facilities. 24 3 PURPOSE ..................................................................................................................................................................... 25 4
The Facilities. Subject to the terms and conditions of this Agreement, Trade Bank will make available to Borrower each of those credit facilities ("Facilities") for which a Facility Supplement ("Supplement") is attached as Exhibit B hereto. Additional terms for each individual Facility (and each subfacility thereof ("Subfacility")) are set forth in the Supplement for that Facility. Each Facility will be available from the Closing Date until the Facility Termination Date for that Facility. Collateral and credit support required for each Facility are also set forth in the Supplement for each Facility. Definitions for those capitalized terms not otherwise defined are contained in Article 8 below.
The Facilities. 32 Section 2.1 The Commitments.............................................................32 Section 2.2 Borrowing Procedures........................................................33 Section 2.3 Swing Loans.................................................................34 Section 2.4 Letters of Credit...........................................................36 Section 2.5 Refinancing Loans...........................................................41 Section 2.6 Reduction and Termination of the Commitments................................43 Section 2.7
The Facilities. The Lenders grant (or in the case of paragraph (i) below, following delivery of a notice by the Company and upon their accession to this Agreement in accordance with Clause 2.7 (Alternative Bridge Facility Refinancing) below, the C Facility Lenders grant) upon the terms and subject to the conditions of this Agreement:
(a) to the UK Borrowers,
(i) a term loan facility in a maximum amount of £3,350,000,000 (the “A Facility”) which shall be available in Sterling in two drawings; provided that the amount of the A Facility on the Roll Effective Date shall be reduced by the amount of the A2 Facility on such date as provided in Clause 2.3 (Roll Effective Date); and
(ii) on and from the Roll Effective Date, a term loan facility in a maximum amount of the aggregate A2 Facility Commitments (the “A2 Facility”) which shall be available in Sterling and shall be fully drawn on the Roll Effective Date by transfer of Outstandings from the A Facility as provided in Clause 2.3 (Roll Effective Date);
(b) to Baseball Cash Bidco,
(i) a term loan facility in a maximum amount of £175,000,000 (the “A1 Facility”) which shall be available in Sterling in a single drawing; provided that the amount of the A1 Facility on the Roll Effective Date shall be reduced by the amount of the A3 Facility on such date as provided in Clause 2.3 (Roll Effective Date); and
(ii) on and from the Roll Effective Date, a term loan facility in a maximum amount of the aggregate A3 Facility Commitments (the “A3 Facility”) which shall be available in Sterling and shall be fully drawn on the Roll Effective Date by transfer of Outstandings from the A1 Facility as provided in Clause 2.3 (Roll Effective Date);
(c) to Baseball Cash Bidco,
(i) a term loan facility in a maximum amount of £300,000,000 (the “B1 Facility”) which shall be available in Sterling in a single drawing; provided that the amount of the B1 Facility on the Roll Effective Date shall be reduced by the amount of the B7 Facility on such date as provided in Clause 2.3 (Roll Effective Date); and
(ii) on and from the Roll Effective Date, a term loan facility in a maximum amount of the aggregate B7 Facility Commitments (the “B7 Facility”) which shall be available in Sterling and shall be fully drawn on the Roll Effective Date by transfer of Outstandings from the B1 Facility as provided in Clause 2.3 (Roll Effective Date);
(d) to the Company,
(i) a term loan facility in a maximum amount of £350,652,430.56 (the “B2 Facility”) which shall be available in S...
The Facilities. 53 Section 2.1 The Commitments................................................................................................ 53 Section 2.2 Borrowing Procedures ......................................................................................... 53 Section 2.3