THE FACILITY 2 Sample Clauses

THE FACILITY 2. .1. The Facility Subject to the terms of this Agreement, the Lenders make available to the Borrower a ZAR revolving credit facility in an aggregate amount equal to the Commitment. 2.2.
Sample 1
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THE FACILITY 2. 1 The Loan Subject to the terms of this Agreement, the Lender agrees to make available to the Company a committed term loan in Sterling in an amount equal to the Commitment in one advance only. 2.2 Availability The Loan may not be made at any time after close of business on the Drawdown Date. 3.
Sample 1
THE FACILITY 2. 1. The Facility 2.1.1. Subject to the terms of this Agreement, the Lenders make available to the Borrowers a dollar denominated revolving credit facility in an aggregate amount equal to the Total Commitment. 2.1.2. The Facility will be available during the Availability Period. 2.1.3. The Loans shall rank pari passu amongst each other. 2.2. Finance Parties’ rights and obligations 2.2.1. The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents. 2.2.2. The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor shall be a separate and independent debt. 2.2.3. A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents. 2.3. Borrowers rights and obligations Without limitation or prejudice to clause 17 (Guarantee and Indemnity): 2.3.1. each of the Borrowers (the Co-obligors) shall be jointly and severally liable for their respective obligations and liabilities arising under this Agreement. 2.3.2. the Finance Parties may take action against, or release or compromise the liability of, any Co-obligor, or grant time or any other indulgence, without affecting the liability of the other Co-obligor(s). 2.3.3. all the provisions set out at clauses 17.3 (Reinstatement) to 17.7 (Deferral of Guarantors Rights) (inclusive) shall also apply to the joint and several obligations of the Co-obligors (the "J&S Obligations") as provided for in clause 2.3.1 above, mutatis mutandis (and any references in those
Sample 1
THE FACILITY 2. THE FACILITY 2.1 The Facility Subject to the terms of this Agreement, the Lender makes available to the Borrower a term loan facility in United States dollars in an amount equal to the Commitment. 3. PURPOSE 3.1 Purpose The Borrower shall apply all amounts borrowed by it under the Facility towards: (a) general corporate and working capital purposes of Topco and its Subsidiaries; and (b) refinancing or repaying existing Financial Indebtedness of Topco and its Subsidiaries. 3.2 Monitoring The Lender is not bound to monitor or verify the application of any amount borrowed pursuant to this Agreement. 4.
Sample 1
THE FACILITY 2. THE FACILITY 2.1 The Facility Subject to the terms of this Agreement, the Lenders make available to the Borrowers a term loan facility in Dollars in an aggregate amount equal to the Total Commitments. 2.2 Tranche A (a) Subject to the terms of this Agreement, the Lenders make available Tranche A of the Facility to Borrower A in respect of Vessel A, in an amount not exceeding the aggregate of the Commitments applicable to Tranche A. (b) Two (2) Loans only may be requested under Tranche A of the Facility in respect of Vessel A: (i) the first such Loan shall be in an amount which is the lower of US$67,800,000 and such part (if any) of the Final Instalment of the Contract Price due by Borrower A to the Seller under Shipbuilding Contract for Vessel A and shall be used in or towards payment of such part (if any) of the Final Instalment on the Delivery Instalment Fund Transfer Date; and (ii) the second such Loan shall be in an amount equal to the Available Commitment in respect of Tranche A which remains after deducting the amount in paragraph (i) above and shall, on the Delivery Date for Vessel A, be used for the purposes set out in Clause 3.1 (Purpose). 2.3 Tranche B (a) Subject to the terms of this Agreement, the Lenders make available Tranche B of the Facility to Borrower B in respect of Vessel B in an amount not exceeding the aggregate of the Commitments applicable to Tranche B. (b) Two (2) Loans only may be requested under Tranche B of the Facility in respect of Vessel B: (i) the first such Loan shall be in an amount which is the lower of US$67,800,000 and such part (if any) of the Final Instalment of the Contract Price due by Borrower B to the Seller under Shipbuilding Contract for Vessel B and shall be used in or towards payment of such part (if any) of the Final Instalment on the Delivery Instalment Fund Transfer Date; and (ii) the second such Loan shall be in an amount equal to the Available Commitment in respect of Tranche B which remains after deducting the amount in paragraph (i) above and shall, on the Delivery Date for Vessel B, be used for the purposes set out in Clause 3.1 (Purpose). 2.4 Tranche C (a) Subject to the terms of this Agreement, the Lenders make available Tranche C of the Facility to Borrower C in respect of Vessel C in an amount not exceeding the aggregate of the Commitments applicable to Tranche C. 26
Sample 1
THE FACILITY 2 
Sample 1
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Related to THE FACILITY 2

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

  • The Facilities Subject to the terms of this Agreement, the Lenders make available to the Borrowers:

  • Conditions relating to Optional Currencies (a) A currency will constitute an Optional Currency in relation to a Loan if:

  • Facility Prudential is willing to consider, in its sole discretion and within limits which may be authorized for purchase by Prudential Affiliates from time to time, the purchase of Shelf Notes pursuant to this Agreement. The willingness of Prudential to consider such purchase of Shelf Notes is herein called the “Facility”. At any time, the aggregate principal amount of Shelf Notes stated in Section 1.2, minus the aggregate principal amount of Shelf Notes purchased and sold pursuant to this Agreement prior to such time, minus the aggregate principal amount of Accepted Notes (as hereinafter defined) which have not yet been purchased and sold hereunder prior to such time, is herein called the “Available Facility Amount” at such time. NOTWITHSTANDING THE WILLINGNESS OF PRUDENTIAL TO CONSIDER PURCHASES OF SHELF NOTES BY PRUDENTIAL AFFILIATES, THIS AGREEMENT IS ENTERED INTO ON THE EXPRESS UNDERSTANDING THAT NEITHER PRUDENTIAL NOR ANY PRUDENTIAL AFFILIATE SHALL BE OBLIGATED TO MAKE OR ACCEPT OFFERS TO PURCHASE SHELF NOTES, OR TO QUOTE RATES, SPREADS OR OTHER TERMS WITH RESPECT TO SPECIFIC PURCHASES OF SHELF NOTES, AND THE FACILITY SHALL IN NO WAY BE CONSTRUED AS A COMMITMENT BY PRUDENTIAL OR ANY PRUDENTIAL AFFILIATE.

  • The Credit Section 2.01. The Association agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Development Credit Agreement, an amount in various currencies equivalent to thirteen million eight hundred thousand Special Drawing Rights (SDR 13,800,000).

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