Designated Combined Facility Limits definition
Designated Combined Facility Limits means (if specified) the amount designated as the combined facility limit for the Facilities specified opposite those Facilities in column (2) of the table in Clause 2.1(b) (Designated Combined Facility Limits) of the Facility Letter.
Designated Combined Facility Limits means (if specified) the amount designated as the combined facility limit for the Facilities specified opposite those Facilities in column (2) of the table in Clause 2.1(b) (Designated Combined Facility Limits) of the Facility Letter. "Designated Facility Limits" means the amount designated as the facility limit against a Facility specified opposite that Facility in column (2) of the table in Clause 2.1(a) (Designated Facility Limits and Designated Sub-limits) of the Facility Letter. "Designated Sub-limits" means (if specified) the amount as designated as the sub-limit against a Borrower in column (3) of the table set out in Clause 2.1(a) (Designated Facility Limits and Designated Sub-limits) of the Facility Letter. "Event of Default" means any event specified in Clause 11.1 and in any other Finance Document. "Facility" means each facility set out in Clause 2 (Facilities) of the Facility Letter. "Finance Document" means the Agreement, any Security Documents, any document identified as such in the Facility Letter and any other document designated as such by the Bank and any Group member from time to time. "Financial Indebtedness" means any indebtedness incurred for or in respect of: (a) monies borrowed; (b) any amount raised under any other transaction (however structured) having the commercial effect of a borrowing; and (c) the amount of any liability in respect of any guarantee or indemnity for any of the items referred to in paragraphs (a) and (b) above. "Financial Statements" means: (a) for the Parent, the audited consolidated financial statements of the Group for each of its financial years; and (b) for each Obligor other than the Parent, its audited financial statements for each of its financial years. "Group" means the Parent and its Subsidiaries. "Holding Company" means, in relation to a person, any other person in respect of which the first named person is a Subsidiary. "Increased Cost" means: (a) an additional or increased cost; (b) a reduction in the rate of return from a Facility or on the Bank's (or its Affiliate's) overall capital; or (c) a reduction of an amount due and payable under any Finance Document, which is incurred or suffered by the Bank or any of its Affiliates but only to the extent attributable to the Bank having entered into any Finance Document or funding or performing its obligations under any Finance Document. "Local Currency" means for each Facility, the currency in which the Designated Facility Limits of that Facility is den...
Examples of Designated Combined Facility Limits in a sentence
Section 2.1 (b), Designated Combined Facility Limits, is hereby amended by replacing the phrase “USD25,000,000.00” and replacing it with the phrase “USD50,000,000.00”.