Facility Contracts definition
Examples of Facility Contracts in a sentence
Upon the occurrence and during the continuation of a Borrower Event of Default, all Contract Proceeds pertaining to Facility Contracts and/or Facility Equipment shall be applied by Lender in such manner as Lender shall determine.
Borrowers shall notify the Agent within three (3) Business Days after: (i) the occurrence of a “servicer default” or “event of default” (or terms comparable thereto) under any Securitization or Warehouse Facility; or (ii) any demand or request to repurchase, redeem or retire any notes, securities or Permitted Facility Contracts relating to a Permitted Facility with a payment obligation in excess of $1,000,000.
If UCHC decides meetings are warranted, the Office of Facility Contracts and Leases will contact Proposers to make an appointment.
Paragraphs 6.2, 6.3, 6.4 and 6.5 in Section VI of the Facility Contracts are of no affect related to bundled services.
If the underlying End-Users in an Advance have a single due date, Borrower shall pay to Lender the amounts due under the related Facility Contracts within 15 days from such due date, whether or not such amounts have been remitted by the respective End-Users.