Examples of Under the facility in a sentence
Under the facility, the Company has undertaken to maintain certain financial covenants.
Under the facility, there is a sublimit for issued letters of credit, which may be used to support the obligations of borrowers to municipalities in conjunction with construction loans.
Under the facility, the Company has made certain customary representations and warranties, and is required to comply with various covenants, reporting requirements, and other customary requirements for similar credit facilities.
Under the facility, the Company has undertaken to comply with financial covenants regarding a minimum interest coverage ratio and a maximum debt to cash flow ratio.
Under the facility, the facility limit and thus future repayments are determined by applying a minimum loan life coverage ratio to the net present value of estimated future cash flows from all projects included in the facility.
Under the facility, at the end of every day, surplus funds beyond the minimum balance required, is automatically swept into an interest earning term deposit account.
Under the facility, the company is able to sell on a revolving basis specific monetary receivables up to $40,000,000.
Under the facility, at the request of the Company, Gregkar Pty Ltd could advance up to 90% of an assigned customer invoice.
Under the facility, Winance will also receive a commitment fee of 5% of the investment amount at the funding of each tranche payable in shares.
Under the facility agreement for refinancing and financing of inventories, the Parent is also required to comply with the covenant requiring it to maintain the Loan to Pledged Inventory Value Ratio at or below the level specified in the facility agreement.