Lending Facility definition

Lending Facility means the uncommitted revolving credit facility provided by the Lender to the Borrower pursuant to Section 2.1 of the Credit and Security Agreement.

Lending Facility means a Standing Facility offered by the Authority which a bank may use to receive Brunei dollars from the Authority at the Lending Rate subject to a requirement for sufficient eligible securities as Collateral;

Lending Facility has the meaning set forth in Section 5.

Examples of Lending Facility in a sentence

• On a quarterly basis, the Credit Facility Team will prepare a report for the applicable Board of Trustees (i) concerning the participation of the Funds in the Lending Facility and the terms and other conditions of any extensions of credit under the Lending Facility and (ii) reporting on the operations of the Lending Facility.

• Interfund Lending:The Trust and Adviser rely on an exemptive order granted by the SEC in March 2017 (the “Order”), permitting the establishment and operation of an Interfund Lending Facility (the “Facility”).

• Upon such request, the Borrower will, pursuant to this Section 4.7, cancel the Exchange Note and, upon cancellation, if no other Exchange Notes related to such Designated Pool are Outstanding, the applicable Designated Pool will be deemed to no longer exist and the Collateral Lease Agreements and related Collateral Leased Vehicles included in such Designated Pool will be reallocated to the Lending Facility Pool.

• When the Administrative Agent or the Collateral Agent incurs expenses after the occurrence of a Lending Facility Default or an Exchange Note Default the expenses are intended to constitute expenses of administration under the Bankruptcy Code or any other applicable federal or State bankruptcy, insolvency or similar law.

• At the request of the Borrower, the Lender, in its sole discretion, may extend the Lending Facility Termination Date by notifying the Borrower of the new Lending Facility Termination Date.

• It is expressly understood and agreed by the Servicer, and all persons claiming through the Servicer, that the Trust Assets that are allocated to the Lending Facility Pool are intended to support only the Lending Facility and that the Trust Assets that are allocated to each Designated Pool are intended to support only the related Exchange Note and that the related Secured Parties have expressly agreed to such allocations in the Credit and Security Agreement and the respective Exchange Note Supplements.

• Advances will be made during the Lending Period only (i) on Business Days, and (ii) if, after the related Advance, the Lending Facility Balance does not exceed either (A) the Lending Facility Amount or (B) the Borrowing Base.

• All accrued and unpaid interest with respect to the Lending Facility will be due and payable on the Lending Facility Termination Date.

• The determination of the Lending Facility Interest Rate by the Lender will be final and binding upon all parties absent manifest error.

• The failure of the Administrative Agent to make, or any error in making, any such recordation will not affect the obligations of the Borrower with respect to the Lending Facility or the Advances.

More Definitions of Lending Facility

Lending Facility means a loan made by a ANZ Group Member to you under which you borrow your Investment Amount (or part thereof) for the purpose of investing in RALI;

Lending Facility means the facility under which Borrower may request Lender to fund Advances to Borrower, as specified in Section 2.1

Lending Facility means the lending facility provided by BNM to satisfy temporary liquidity needs of interbank institutions;

Lending Facility means the secured revolving line of credit extended to the Grantor, as Borrower, under the Lending Facility Agreement.