Extended Credit Facility definition

Extended Credit Facility means that certain Credit Agreement, dated as of October 11, 2018, by and among ▇▇▇▇▇▇ Industries, Inc., a Delaware corporation, as the US borrower, ▇▇▇▇▇▇ Drilling Canada Limited, an Alberta corporation, as the Canadian borrower, ▇▇▇▇▇▇ Industries LTD., a Bermuda excepted company, the other guarantors party thereto, the financial institutions party thereto as lenders, and Citibank, N.A., as administrative agent.
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Examples of Extended Credit Facility in a sentence

  • The Agreement is for the benefit of the Extended Credit Facility (ECF) Loan Account of the PRGT to finance disbursements under that facility.

  • It increases the Trust’s available loan resources to cover the medium-term demand for concessional lending under the Extended Credit Facility.

  • The Trustee may make drawings under this agreement to finance (i) loan disbursements by the Trustee under the Extended Credit Facility Loan Account and (ii) the early repayment pursuant to Section III, paragraph 4(b) of the PRGT Instrument of the Trustee’s outstanding indebtedness under other borrowing agreements to any of the Loan Accounts of the Trust.

  • The National Bank of Belgium (the “Bank”) agrees to lend to the International Monetary Fund (the “Fund”) as Trustee (the “Trustee”) of the Poverty Reduction and Growth Trust (the “Trust”), for the purposes of providing loan resources to the Extended Credit Facility Loan Account of the Trust.

  • The Loan shall be made available in three Instalments; The Loan is granted in conjunction with assistance from the International Monetary Fund of SDR 129.4 million under a three-year Extended Credit Facility and Extended Fund Facility.