Examples of Facility Bank in a sentence
Note: Additionally, UNDP may request other financial documents such as Credit Line Facility, Bank Statements etc.
Post Shipment Credit Facility Bank of Baroda(Prime Security: Hypothecation of Export Bills/Receivables(The above facility are further secured by collateral security by way of equitable mortgage of factrory at surat SEZ owned by the company, Factory at surat SEZ owned by M/s.
Wells Fargo and two of the other three lenders under the Delta Credit Facility, Bank of America, N.A. and JPMorgan Chase, also participate in the Company's $42.0 million unsecured revolving Credit Facility.
No Agent-Related Person shall be under any obligation to any Total Facility Bank or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of the Obligors or any Affiliate thereof.
Except for notices, reports and other documents expressly required to be furnished to the Total Facility Banks by the Agents herein, no Agent shall have any duty or responsibility to provide any Total Facility Bank with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of the Obligors or any of their respective Affiliates which may come into the possession of any Agent-Related Person.
No failure on the part of any Total Facility Bank or any Agent to exercise, and no delay in exercising, and no course of dealing with respect to, any right under any Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right.
Each Total Facility Bank represents to the Agents that it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of the Obligors and their respective Subsidiaries, and all applicable bank or other regulatory laws.
Subject to the terms of the Account Control Agreement, Lender shall cause the Facility Bank to apply funds on deposit in the Waterfall Account on each Payment Date prior to the occurrence of an Event of Default as follows.
Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document, no Agent shall have any duties or responsibilities, except those expressly set forth herein, nor shall any Agent have or be deemed to have any fiduciary relationship with any Total Facility Bank or participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against any Agent.
The agreements in this Section shall survive the resignation of the any Agent, the replacement of any Total Facility Bank, the termination of the Commitments, and the repayment, satisfaction or discharge of all sums payable hereunder or under any other Loan Document.