THE FACILITIES 2 Sample Clauses
The "THE FACILITIES 2" clause defines the specific facilities or resources that are to be provided or made available under the agreement. Typically, this clause outlines the nature, location, and condition of the facilities, as well as any requirements for their use or maintenance by the parties involved. For example, it may specify access to office space, equipment, or other physical assets necessary for the performance of contractual obligations. The core function of this clause is to ensure both parties have a clear understanding of what facilities are included, thereby preventing disputes over access, responsibility, or adequacy of resources.
THE FACILITIES 2. THE FACILITIES
THE FACILITIES 2. 1 Facilities Subject to the terms of this Agreement:-
(a) the Revolving Credit B▇▇▇▇ ▇▇▇▇▇ to the Borrower a sterling revolving credit facility; and
(b) the Swingline B▇▇▇▇ ▇▇▇▇▇ to the Borrower a Dollar swingline facility.
THE FACILITIES 2. 1 Facilities (a) Subject to the terms of this Agreement, the Banks agree:
(i) to make Facility A Loans (being revolving Loans up to the Facility A Term Date and thereafter being term Loans) available to YPG during the Facility A Commitment Period up to an aggregate principal amount not exceeding at any time the aggregate of the Facility A Commitments; and
(ii) to make Facility B Loans (being term Loans) available to YPG during the Facility B Commitment Period up to an aggregate principal amount not exceeding at any time the aggregate of the Facility B Commitments; and
(iii) to make Facility C Loans (being revolving Loans) available to the Borrowers during the Facility C Commitment Period up to an aggregate principal amount not exceeding at any time the aggregate of the Facility C Commitments.
THE FACILITIES 2. The Facilities