Supplemental Facility definition

Supplemental Facility has the meaning provided in Section 11.01(c).

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Supplemental Facility is defined in Section 2.4.1.

Supplemental Facility means a committed or uncommitted residential mortgage funding facility (which includes a warehouse line of credit, repurchase facility and off-balance sheet funding facility), other than this Repurchase Agreement, in favor of one or more of the Sellers for the origination of one or more Asset Types.

Examples of Supplemental Facility in a sentence

The Borrower will make payment to the Agent of all costs and expenses (including VAT, legal fees and reasonable out of pocket expenses) incurred by it in connection with the negotiation, preparation and execution of this Supplemental Facility Agreement.
The schedule for prepayments of each Supplemental Facility shall be determined in accordance with Section 2.4.
Upon receipt of such notice, the Supplemental Agent will promptly inform each Supplemental Lender participating in such Supplemental Facility (by telephone or otherwise).
This Second Supplemental Facility Letter and the Facility Letter shall be treated as one document so that, upon the Facility Letter being amended as mentioned above, all references to the Facility Letter shall be treated as references to the Facility Letter as amended in accordance with the term of this Second Supplemental Facility Letter.
Clause 15 of the Facility Letter shall be deemed to be incorporated in this Supplemental Facility Letter as if set out herein.
This Supplemental Facility Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement.
The Specified Agents and the Borrower will agree on amendments to this Agreement, if any, necessary to implement any Supplemental Facility and a form of Supplemental Note to be issued by the Borrower in connection with such Supplemental Facility.
The Company and each Sponsor must procure that the aggregate of the SIDF Commitments and the commitments under each SIDF Supplemental Facility and each SIDF Senior Sponsor Facility on the SIDF Longstop Date is not less than SAR 2,100,000,000.
This Supplemental Facility Agreement is governed by the laws of England and Wales and the parties hereto hereby submit to the non-exclusive jurisdiction of the Courts of England.
The Sponsors must provide the Intercreditor Agent with no less than thirty (30) days notice of the proposed incurrence of any SIDF Supplemental Facility or any Sponsor Facility, together with an Updated Base Case Financial Model, the relevant Ancillary Facility Agreements and all other documentation in relation thereto.

More Definitions of Supplemental Facility

Supplemental Facility means a residential mortgage funding facility (other than the facility evidenced by this Agreement and other than a warehouse facility) in favor of either Seller.

Supplemental Facility means each additional facility which the Bank may offer and the Retailer may accept from time to time.

Supplemental Facility means a credit or other debt facility entered into by Buyer after the date hereof (a) of which true and correct copies are delivered to Seller upon delivery of the Funds Certification Notice, together with all exhibits, schedules, annexes and amendments to such agreement in effect as of the date of the Funds Certification Notice, (b) with respect to which Buyer represents and warrants to Seller in the Funds Certification Notice that (i) Buyer has delivered true and complete copies thereof, including all exhibits, schedules, annexes and amendments thereto as of the Funds Certification Notice, (ii) the respective obligations contained therein have not been withdrawn, modified or rescinded in any respect prior to the date of the Funds Certification Notice, (iii) such facility is in full force and effect and constitutes the legal, valid and binding obligation of each of the parties thereto, (iv) no consents, approvals or waivers of any lenders or other Person a party thereto needs to be obtained in order for Buyer to obtain funds thereunder, (v) there are no conditions precedent to the funding of any borrowings under thereunder that will delay, frustrate or impede the Closing, (vi) all fees required to be paid thereunder have been paid by Buyer, (vii) which has a maturity date at least 181 days after the Termination Date, and (viii) the available borrowings thereunder, when taken together with other financial resources of Buyer (including available borrowings under the Credit Facility and cash on hand and marketable securities of Buyer) on the Closing Date, will, in the aggregate, be sufficient for the timely satisfaction of Buyer’s obligations under this Agreement and the Ancillary Agreement, and (c) with respect to which Buyer covenants and agrees for the benefit of Seller, not to amend, modify or waive prior to the Closing Date in a manner that is reasonably likely to delay, impede or frustrate the Closing.

Supplemental Facility means the revolving credit facility in an aggregate principal amount of $50,000,000 made available to the Borrower by the Supplemental Facility Lenders pursuant to the Supplemental Credit Agreement.