Common Contracts
2 similar Facility Agreement contracts
ContractFacility Agreement • May 5th, 2020
GENERAL CONDITIONS (ii) at any time, if the person or persons who Control you at the date of this Agreement1. FACILITY LIMITS AND OTHER LIMITS cease to Control you;(a) You must ensure that the Facility Limit and any (iii)at any time if NAB reasonably believes other limit applicable to the Facility (such as any there is an Event of Default or Potential Component Limit) is not exceeded at any time, Event of Default; andwithout NAB’s prior approval. Any excess may (iv) where in NAB’s reasonable opinion it attract default interest and fees and charges believes that an event has occurred thateven where the excess is temporality permitted may have a material adverse effect onby NAB., even where the excess is approved. your or a Security Provider’s ability to (b) If a Facility Limit or any other limit applicable to meet its obligations to NAB under thisthe Facility is scheduled to change on a day that Agreement, a guarantee and/or indemnity is not a Business Day, that change will not take or
ContractFacility Agreement • May 30th, 2018
GENERAL CONDITIONS (ii) at any time, if the person or persons who Control you at the date of this Agreement1. FACILITY LIMITS AND OTHER LIMITS cease to Control you;(a) You must ensure that the Facility Limit and any (iii)at any time if NAB reasonably believes other limit applicable to the Facility (such as any there is an Event of Default or Potential Component Limit) is not exceeded at any time, Event of Default; andwithout NAB’s prior approval. Any excess may (iv) where in NAB’s reasonable opinion it attract default interest and fees and charges believes that an event has occurred thateven where the excess is temporality permitted may have a material adverse effect onby NAB., even where the excess is approved. your or a Security Provider’s ability to (b) If a Facility Limit or any other limit applicable to meet its obligations to NAB under thisthe Facility is scheduled to change on a day that Agreement, a guarantee and/or indemnity is not a Business Day, that change will not take or
