Examples of New Facility Agreement in a sentence
If the Independent Appraisal finds the rent and lease costs above the Fair Market Rent, the costs will be based on Fair Market Rent as determined by the Independent Appraisal.(iii) Options to renew contained in existing rent or lease agreements on file with the Authority, executed by the charter school and the lessor, will not be considered a New Facility Agreement.
If the Grantor cancels the Funded Participation as set out in Clause 16.1 (Cancelling the Funded Participation) the Participant shall, at the same time, transfer by way of novation to the Grantor its undrawn Facility D Commitment under the New Facility Agreement (if any) in an amount necessary for the Grantor to be in compliance with clause 26.2 (Transfers by Lenders) of the New Facility Agreement following such transfer.
It is expected that (i) the Fourth Drawdown in the principal amount of HK$19,000,000; and (ii) the Fifth Drawdown in the principal amount of HK$4,500,000 shall be made under the New Facility Agreement on 15 January 2019.
Each party to this Deed irrevocably authorises the Facility Agent to countersign each Novation Certificate on its behalf without any further consent of, or consultation with, any such party provided that all relevant conditions under the New Facility Agreement have been satisfied.
None of the Charging Entities may assign or transfer any of their respective rights or obligations under this Deed other than pursuant to clause 26.1 (Transfers by Obligors) of the New Facility Agreement.