Examples of Committed Facility in a sentence
Each Fund entered into a financing package that includes a Committed Facility Agreement (the “Agreement”) dated January 16, 2009, as amended, between each Fund and BNP Paribas Prime Brokerage, Inc.
In connection with the Committed Facility, the Company has incurred debt issuance costs which are amortized over the term of the Committed Facility.
In addition and in such circumstances, the Bank may declare that any amount outstanding under and in relation to any Committed Facility (whether principal, interest or otherwise) be immediately payable on demand.
Committed Facility On November 3, 2017, the Company and two affiliates, as borrowers, and Virtu, as guarantor, entered into a credit facility (the "Committed Facility”) with a consortium of banks with an aggregated borrowing limit of$500 million.
Borrowings under Borrowing Base A of the Committed Facility bear interest, at the borrower's option, at a rate based on the greater of (1) federal funds rate, and (2) the LIBOR, plus 1.25%.