Revolving Facility Limit definition
Examples of Revolving Facility Limit in a sentence
Such unused line fee constitutes reasonable consideration for Lender’s taking of appropriate actions to be able to make available to Borrowers the amount of the Revolving Facility Limit for such period.
This Agreement shall come into force as of Click here to enter a date.and shall continue to be valid until Click here to enter a date. for the completion of the Services.
The attached Product Schedules relevant to your Facilities are: · Forward Exchange Contract · Documentary Import Letters of Credit/Surrendered Bills of Lading Revolving Facility Limit · Westpac Trade Finance - Imports · Banker's Undertaking · Standby Letter of Credit General Conditions Booklet version 3, dated 03/2003 (the "booklet") This booklet contains terms and conditions that apply to all borrowers.
For greater certainty, the Borrower shall be entitled to obtain Loan Advances under the Revolving Facility from time to time and repay all or any portion of the Loan Advances under the Revolving Facility from time to time and thereafter re-borrow Loan Advances from time to time; provided that the Borrower, acknowledges, covenants and agrees that the Total Exposure shall not at any time exceed the Revolving Facility Limit.
If at any time the aggregate principal amount of all Loan Advances outstanding (collectively, the “Total Exposure”) exceeds the Revolving Facility Limit at such time, then the Borrower will promptly repay such Loan Advances in cash by an amount required to reduce the Total Exposure to an amount less than or equal to the Revolving Facility Limit.