Examples of Interim Facility in a sentence
The Interim Lenders authorise (but do not require) the Interim Facility Agent to give that notification.
Interest (if unpaid) on an Unpaid Sum will be compounded with that Unpaid Sum on the last day of its Interest Period (each to be of a duration selected by the Interim Facility Agent acting reasonably and having regard to the likely duration of the default) but will remain immediately due and payable.
If a Market Disruption Notice is given in respect of a proposed Disrupted Loan, the interest rate applicable on each Interim Lender's participation in that Disrupted Loan will be the rate certified by that Interim Lender to the Interim Facility Agent no later than five (5) Business Days after the Rate Fixing Day to be its cost of funds (from any source which it may reasonably select) plus the Margin.
The Interim Facility Agent will notify the other Parties to the relevant Interim Finance Documents of any such amendment, which shall be binding on all the Parties.
Interest on an Unpaid Sum is payable at a rate determined by the Interim Facility Agent to be one per cent.