Examples of Incremental Facility Proposal in a sentence
The Parent shall solicit potential Incremental Facility Lenders for any proposed Incremental Facility by delivery of an Incremental Facility Proposal to the Agent and each Lender.
Withdrawal of an Incremental Facility Proposal shall terminate the process set out in this Clause 8.1 in respect of the Incremental Facility proposed in that Incremental Facility Proposaland that Incremental Facility shall not be established.
Each Participating Lender under an Incremental Facility Proposal shall notify the Company and the Agent of its offer of an increased proposed Incremental Facility Commitment (if any) pursuant to paragraph (f) above no later than 5:00 p.m. on the day falling 5 Business Days after the last day of the Incremental Facility Solicitation Period relating to that Incremental Facility Proposal.
The Parent shall not amend any Incremental Facility Proposal but may withdraw an Incremental Facility Proposal at any time.
The Incremental Facility Terms specified in any Incremental Facility Notice delivered in respect of an Incremental Facility and any fee or commission payable to Incremental Facility Lenders under that Incremental Facility shall be the same as those set out in the Incremental Facility Proposal relating to that Incremental Facility.
The Incremental Facilities under the Unsecured Facilities Agreement shall only become available for utilisation if and to the extent that any of the Lenders, following receipt of an Incremental Facility Proposal issued by the Company, notify the Company that they wish to become Incremental Facility Lenders.The drawdown by the borrowers under the Second Facilities Agreement is contingent upon certain customary conditions precedent being satisfied.