Examples of Refinancing Facility Agreement in a sentence
The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Facility Agreement.
Pursuant to the Refinancing Facility Agreement, the Company is required to provide the guarantee in the lower sum of (i) 12.0% of all moneys and liabilities (whether actual, contingent or otherwise) owing or payable by the Development SPVs to the lender from time to time, estimated of approximately S$15,000,000; and (ii) the aggregate of the principal amount of the refinancing loan facilities of S$125,000,000 and any interest, commission, other banking charges, costs and expenses accrued thereon.
The ability of the Refinancing Facility Providers to accelerate any sums owing to them under the Refinancing Facility Agreement upon or following the occurrence of a Loan Event of Default thereunder is subject to the STID.
A breach of such specific performance covenant constitutes an event of default under the Refinancing Facility Agreement, upon the occurrence of which and at any time thereafter whilst it is continuing, all or any part of the outstanding sum will, upon demand pursuant to the said agreement, become immediately due and payable and any undrawn balance will, upon notice, be cancelled forthwith.
In October 2018, the Company entered into a Refinancing Facility Agreement (“2018 Credit Facility”), comprising a$220.0 million term loan (the “Term Loan”) and $75.0 million revolving credit facility.