Examples of Facility A Borrower in a sentence
The Facility A Borrower may, if it or the Company gives the Agent not less than 10 Business Days' (or such shorter period as the Facility A Lender may agree) prior notice, prepay the whole or any part of the Facility A Loan (but, if in part, being an amount that reduces the amount of that Facility A Loan by a minimum amount of £250,000).
As at 30 March 2016 (the “Lasted Practicable Date”), the Facility A Borrower owns approximately 66.16% of the issued share capital of the Company and is a controlling shareholder of the Company.
At the end of each calendar quarter, the Lender shall have received an officer certificate from the Facility A Borrower setting forth in reasonable detail the value of each type of collateral included in the Working Capital Collateral, which shall be no less than the aggregate principal amount of loans under the Working Capital Facility outstanding on such date.
If a Change of Control occurs, the Facility A Borrower shall promptly notify Natixis and Natixis may, by not less than three business days’ notice to the Borrowers, cancel the entire Facility and declare all outstanding loans of the Facility, together with accrued interest, and all other amounts accrued under the Finance Documents (as defined in the Facility Agreement) immediately due and payable.
In connection with Loan Facility A, Borrower agrees to pay Lender an additional fee when the outstanding principal balance is less than the Maximum Principal Balance.
For each Advance under Facility A, Borrower shall select the Type of Advance and, in the case of each LIBOR Advance, the Interest Period applicable thereto from time to time.
On each day that the Outstanding Credit Exposure under Facility A exceeds 33.33% of the Aggregate Commitment under Facility A Borrower shall pay to the Agent for the account of each Facility A Bank a utilization fee equal to the Applicable Utilization Fee Rate times such Bank's Facility A Percentage of the Aggregate Outstanding Credit Exposure under Facility A on such day.
If delivery takes place before the agreed date, the payment term only begins from the agreed delivery date; while preserving any discount periods.
Pursuant to the terms of the Facility Agreement, a “change of control” occurs if (A) the Facility A Borrower ceases to directly or indirectly hold, legally and beneficially: (1) more than 50 per cent.
The Facility A Borrower and SunOpta Food Group, as applicable, shall have provided a current certified aged statement of Accounts Receivable and listing of Inventory in accordance with Section 3.6(a) or 3.6(b), as applicable.