Examples of Replaced Facility in a sentence
From and after the substitution of one or more Substitute Properties in accordance herewith, each such Substitute Property shall thereafter be deemed a Facility under the Loan Documents, and in the case of more than one Substitute Property, the sum of the allocated loan amounts of each of the Substitute Properties plus each Facility which is not a Replaced Facility (the "Remaining Facilities"), shall equal the Principal Indebtedness.
The Borrower shall apply all amounts deemed advanced to it under this Agreement towards refinancing of the outstanding amounts due under the Replaced Facility Agreements, in accordance with the approval and confirmation (homologação judicial) (the “RJ Plan Confirmation”) of the Borrower’s RJ Plan filed within the 7th Corporate Court of the Judicial District of the State Capital of Rio de Janeiro, Brazil (the “Bankruptcy Court”).
None of the execution, delivery and performance of this Agreement, nor its use of the proceeds of the Replaced Facility Agreements, will violate the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto.