Facility Balance definition
Examples of Facility Balance in a sentence
The entire outstanding Lending Facility Balance will become due and payable on the Lending Facility Termination Date.
Advances will be made during the Lending Period only (i) on Business Days, and (ii) if, after the related Advance, the Lending Facility Balance does not exceed either (A) the Lending Facility Amount or (B) the Borrowing Base.
Ford Credit requested that a portion of the Revolving Facility Balance be exchanged for a note designated as the “20 - Exchange Note” to be issued by the Titling Companies to Ford Credit under the Exchange Note Supplement and the Credit and Security Agreement.
On request of the Lender or the Borrowers, the Servicer will provide to the Administrative Agent a report (which may be included in a Revolving Facility Pool Report) stating the Revolving Facility Balance as of the end of the prior Collection Period.
The Lender and the Servicer will maintain a record of the Revolving Facility Balance.