Examples of Facility Increase Fee in a sentence
Facility Increase Fee SharesPursuant to the terms of the Amended Convertible Equity Facility, the Lenders were entitled to a facility increase fee of 1.5% of the increased facility amount of A$8,000,000.
RCF and AMI agreed to issue of the Facility Increase Fee Shares which were issued as follows: Lenders Facility Interest SharesPursuant to the terms of the Amended Convertible Equity Facility, facility interest of 8% p.a. payable quarterly in arrears is permitted to be paid by way of issue of Facility Interest Shares at the weighted average market price for the Shares on the five trading days preceding the conversion notice.
Subject to agreement between the individual Lenders and the Company, this was permitted to be paid by way of issue of the Facility Increase Fee Shares at the weighted average market price for the Shares on the five trading days prior to entry into the Amended Convertible Equity Facility.