Loan Facility definition

Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

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Loan Facility means the loan facility provided by the Lenders on the terms and subject to the conditions of this Agreement in the amount of USD 150,000,000;

Loan Facility the loan facility in the amount of up to HK$42,000,000 granted by the Lender to Borrower pursuant to the terms of the Loan Agreement “percentage ratio(s)” percentage ratio(s) as set out in Rule 14.07 of the Listing Rules to be applied for determining the classification of a transaction “Shareholders” holders of the ordinary shares of HK$0.01 each in the issued share capital of the Company

Examples of Loan Facility in a sentence

• All amounts prepaid or repaid shall be applied on a pro rata basis to the Loan Facility and the Secured Loan Facility (a) firstly, in reduction of accrued and unpaid interest and all other amounts then outstanding (other than the principal amount of an Advance), and (b) thereafter, in reduction of the principal amount of the Advance being prepaid or repaid.

• Use the proceeds of each Advance under the Loan Facility only as contemplated by Section 2.02.

• Any such voluntary repayment shall be applied by the Agent on a pro rata basis (based on the advances outstanding at such time) to the Loan Facility and the Secured Loan Facility.

• At any time that the Borrower is required to make a mandatory principal prepayment (other than, for certainty, a scheduled principal payment) under the terms of any Existing Debt for Borrowed Money of the Borrower, the Borrower shall, to the extent permitted by the Borrower’s Senior Debt Documents, on a pro rata basis, make a mandatory principal prepayment of the Loan Facility.

• The Loan Facility shall be a direct, unsecured obligation of the Borrower and each Guarantee shall be a direct, unsecured obligation of the Guarantors party thereto.

More Definitions of Loan Facility

Loan Facility means the loan facility to be provided to the Partnership on the date of the Initial Closing by a Canadian chartered bank to finance the payment of the Agents’ fee and the expenses of the Offering and may also be used to fund the ongoing expenses, including the management fee.

Loan Facility means the loan facility set out in this Loan Agreement;

Loan Facility means any overdraft, loan or other financial facility or accommodation (including any acceptance credit, bond, note, bill of exchange or commercial paper, finance lease, hire purchase agreement, trade bill, forward sale or purchase agreement, or conditional sale agreement, or other transaction having the commercial effect of a borrowing);

Loan Facility has the meaning set forth in Section 2.1.

Loan Facility means the cash amount stipulated in the Asset Financing Loan Agreement and which is loaned to and borrowed by the Borrower in terms of the Asset Financing Loan Agreement and which constitutes the principal debt together with interest, charges, penalties and costs in respect thereof; Security means any mortgage, charge (whether fixed or floating, legal or equitable), pledge, lien, assignment by way of security or other security interest securing any obligation of any person, or any other agreement or arrangement having a similar effect;

Loan Facility means the loan facility described in section 14.1 of this Annual Information Form.

Loan Facility means the credit facility evidenced by the Total Revolving Loan Commitment.