Examples of Original Facilities in a sentence
In August 2016, Long Profits, Cosmopolitan and Bizwise entered into the Original Facilities Agreement whereby Long Profits made available to Bizwise the Original Loan Facilities of HK$1,850 million for settlement by the Cosmopolitan Group of the then outstanding consideration payable to the Regal Group in connection with its acquisition of the Chengdu Project and the Tianjin Project in 2013.
The Board denied NGTL’s requests to include the costs required to provide service on the Original Facilities in the determination of the NGTL System revenue requirement.
She argues that the mortgage which she had executed as security for the Original Facilities was intended to be limited only to the Property and/or the value thereof.
The Group was subject to cash flow cover and leverage financial covenants under the Original Facilities Agreement.
For the Long-Term Phase, NGTL was permitted to develop and seek Board approval for a new tolling methodology applicable to the Original Facilities, which would better satisfy the principle of cost causation and the goal of economic efficiency, failing which, stand-alone tolling would be applied until a long-term approved methodology was in place.
In 2015, following on from the original financing package set in September 2002, after eight years of successfully operating the Stadium, The FA sought to refinance the Original Facilities Agreement with new corporate facilities with a new group of commercial lenders that would be simpler, less onerous and which would generate an overall lower cost to The FA’s group.
MSCC, MDHC and other members of the Peel Ports group had borrowed sums under facilities (the " Original Facilities") made available by The Governor and Company of the Bank of Scotland.
The Original Facilities were refinanced by facilities made available by a syndicate of lenders initially consisting of The Royal Bank of Scotland plc, Barclays Bank PLC and Dexia Crédit Local, London branch under a facilities agreement (the "Senior Facilities Agreement") dated 3 November 2006 made between, amongst others, those lenders and Peel Ports Holdings (CI) Limited (an indirect holding company of each of the Harbour Authorities).
Commerzbank Aktiengellschaft, London Branch hereby changes its Facility Office in its capacity as Swingline Lender to Commerzbank Aktiengellschaft, New York Branch (notwithstanding the requirement in the definition of “Facility Office” in the Original Facilities Agreement that any such change shall require not less than five Business Days’ written notice to the Facility Agent).
No finding in GH-001-2014 confirmed the Original Facilities volumes were needed on the existing System over the long term.