Facility Agreement definition
Examples of Facility Agreement in a sentence
No repayments or prepayments of any Loan may be made other than the repayments or prepayments expressly required or permitted by this Article 3 (Repayment, Prepayment and Cancellation) and, with respect to each Loan, the applicable Facility Agreement.
Interest shall accrue on each Loan at the times and in the amounts specified in the relevant Facility Agreement.
No Finance Party shall be responsible for the failure of any other Finance Party to perform its obligations hereunder or under any Facility Agreement.
The Intercreditor Agent shall have received copies of the promissory notes requested by the Credit Facility Lenders pursuant to the Credit Facility Agreement duly authorized, executed and delivered by the Borrower.
The Borrower shall have repaid any outstanding LC Reimbursement Payments and/or any LC Loans (as defined in the Credit Facility Agreement) outstanding as a result of a draw on any Letters of Credit.