Table of RevisionsCitibusiness Facilities Agreement • July 8th, 2021
No Provision New Clause/Revised Clause 1. Definitions - “Base Rate” To amend the definition of the term "Base Rate" as follows: “(a) The rate of interest stated by the Bank from time to time as its base rate, or (b) if the term Base Rate is no longer used, the rate of interest stated by the Bank to be applied for the purposes of this Agreement and the Security Documents.” 2. Definitions - “Business Day” To amend the definition of the term "Business Day" as follows: “A day when the Bank’s branch through which the Facility is made available is open for business transactions of the type required or contemplated by this Agreement, excluding Saturday and Sunday and gazetted public holidays in Malaysia.” 3. Definitions – “Default Rate” To insert the following new provision for interpretation of the Agreement: “Unless the context requires otherwise, any reference in this Agreement to the “Default Rate” shall mean the default rate of interest applicable to the Facility as stated in the Letters
