Examples of New Facility Agreement in a sentence
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.
Each party to this Deed agrees and acknowledges that, subject to the terms of the New Facility Agreement, any person may become an Additional Facility Lender by delivering to the Facility Agent an Additional Facility Accession Agreement and that each Additional Facility Lender will become a party to this Deed in the capacity as a Lender on the date specified in the Additional Facility Accession Agreement.
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.
Unless the context otherwise requires or unless otherwise defined in this Deed, words and expressions defined in the New Facility Agreement (as amended and restated from time to time) shall have the same meaning when used in this Deed.