Borrowing Facility definition

Borrowing Facility means, in respect of a Borrower, each Scheme Facility, each Other Scheme Facility and each Commercial Facility made available by the Lender to that Borrower in respect of which sums remain outstanding from the Borrower to the Lender.
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Borrowing Facility has the meaning given in Clause 8.3.1 (Borrowing Facilities).
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Borrowing Facility has the meaning assigned to that term in Section 2.01.
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Examples of Borrowing Facility in a sentence

  • If the Lending Facility must lease or rent a piece of equipment while the Lending Facility’s equipment is being repaired or replaced, the Borrowing Facility shall reimburse the Lending Facility for such costs.

  • The Borrowing Facility and Lending Facility agree to utilize the request forms contained in the region specific mutual aid plans in the absence of facility specific forms.

  • The Borrowing Facility is responsible for confirming receipt of any pharmaceuticals, supplies and/or equipment.

  • The Borrowing Facility will provide and coordinate any Demobilization procedures, post- incident stress debriefing, as required, transportation as necessary to return borrowed staff to the Lending Facility, and a copy of the assignment log and time sheets for tracking and payment purposes.

  • If borrowed staff are transported by the Borrowing Facility, round trip transportation will be required unless explicitly stated otherwise.

  • The Borrowing Facility shall submit time sheets to the Lending Facility and the Lending Facility shall generate an invoice.

  • The Borrowing Facility has the right to reject any and all borrowed staff at any time for any reason.

  • Subject to the terms and conditions set forth herein and in the related Borrowing Facility Agreements between Reflectone and BAeF, BAe hereby agrees to continue to provide the BAeF Facilities throughout the term of this Agreement.

  • A Participating Facility that is providing resources to a Borrowing Facility.

  • A Borrowing Facility shall be responsible for all logistic needs of borrowed staff including food, transportation and lodging as required.