Examples of Liberty Facility in a sentence
There exist no options, warrants, purchase rights, or other contracts or commitments that could require the Corporation to sell, transfer or otherwise dispose of any shares of any Material Entity except as contemplated in the Amended and Restated Sprott Facility and the Liberty Facility.
Liberty Facility On November 20, 2015, the Company also drew down $40 million from Liberty loan facility pursuant to the LMM Credit Agreement entered into on November 2, 2015 with its largest shareholder LMM.
The terms of the Liberty Facility require Liberty Utilities to pay a standby charge calculated as one quarter of the current stamping fee on the unused portion of the Liberty Facility and maintain certain financial covenants.
Short term loans payable $ 6,667 Long term loans payable 70,095 Carrying value - Loans Payable $ 76,762 Note that principal payable in the next twelve months on the Sprott Facility in the amount of $6,667 has been classified as a current loan payable.Both loans are carried at amortized cost with the Sprott Facility having an effective interest rate of 17% while the Liberty Facility has an effective interest rate of 23%.
Liberty Utilities actively manages both the cash availability in its regions and funds available under the Liberty Facility to ensure its operations are adequately funded and minimize the risk of this possibility.
The Liberty Facility can be increased to accommodate future working capital needs or other requirements.
The Investor acknowledges that the Company is required to complete certain additional financings pursuant to the terms of the Liberty Facility.
Liberty Utilities On January 19, 2012, Liberty Utilities concluded negotiations with its bank syndicate on entering into the Liberty Facility, a senior unsecured revolving credit facility.
Notwithstanding the foregoing, Sections 2.1, 2.2, 2.3, 2.4 and 3.1 shall not become effective until the Borrower has delivered to the Agent on or before April 13, 2017 a fully executed amendment or modification to the Liberty Credit Agreement which shall include amendments to the terms of the Liberty Facility substantially the same as those contained Sections 2.1, 2.2 and 3.1 hereof.
Borrower will comply with each of the terms and conditions of the Textron Facility, the Liberty Facility and the Wxxxx Fargo Capital Finance Facility and will promptly deliver to Lender, upon receipt by Borrower, copies of any notices received by Borrower in connection with any of the foregoing credit facilities.