Examples of Facility D Lenders in a sentence
Subject to the terms of this Agreement and the Senior Facility D Agreement, the Senior Facility D Lenders make available to the Borrower a Rand-denominated amortising term loan facility in an aggregate amount equal to the Total Senior Facility D Commitments.
The said credit facilities are established by the Facility D Lenders severally and not jointly, and are hereinafter collectively referred to as "Facility D".
The Facility D Lenders agree not to block any refinancing of Facilities A, B and C, to accept a refinancing of Facility D at the same time as a refinancing of Facilities A, B and C and that any refinancing of Facility A, B and C prior to the maturity of Facility D will be entitled to share in the security and be subject to the same intercreditor arrangements as apply to Facility A, B and C.
Such accession shall be effected by delivery to the Agent of a Facility D Lender Accession Agreement duly executed by the Acceding Facility D Lenders.
The amendments, waivers, consents and other modifications contained in this Schedule 5 are subject to any further amendments, waivers, consents and other modifications agreed between the Additional Facility D Lenders and the Company.
Prior to the repayment or prepayment in full of all Facility A Outstandings and Facility B Outstandings, any of the Facility D Lenders may elect not to accept prepayments of Facility D Advances under clause 6.5 or 6.8 unless the Outstandings are being prepaid in full and the Commitments reduced to zero.
The Borrower may, if it gives the Agent not less than five Business Days’ (or such shorter period as the Majority Facility A Lenders, the Majority Facility B Lenders, the Majority Facility C Lenders or, as the case may be, the Majority Facility D Lenders may agree) prior notice, reduce the Available Facility for a Facility to zero or by such amount (being a minimum amount of S$5,000,000) as the Borrower may specify in such notice.
On the Accession Date (as defined therein) the Acceding Facility D Lenders shall become Facility D Lenders with a Facility D Commitment (in addition to any existing Facility D Commitment of such Acceding Facility D Lenders) as set out in the Facility D Lender Accession Agreement by virtue of the counter-signature by the Facility D Accession Agreement by the Agent for the Finance Parties and the TCN Entities.
Any cancellation under this Clause 7.5 shall reduce the Commitments of the Facility D Lenders or Facility E Lenders, as the case may be, rateably under that Facility.
TCN (on behalf of itself and the other TCN Entities party to the Agreement) consents to the Acceding Facility D Lenders becoming Facility D Lenders as set out in clause 2.