Facility Term definition

Facility Term means the period beginning on the Effective Date and ending on the Facility Expiration Date.
Facility Term means the period agreed for full Repayment of the Facility, being the earlier of full repayment of the Facility or thirty (30) calendar days from the date when the outstanding Facility was first granted. The Facility Term shall not be affected by any subsequent or further Request made within the Overdraw Limit until the Facility is paid back in full.
Facility Term has the meaning specified in Clause 2.6(a) of the Issuer Facility Agreement.

Examples of Facility Term in a sentence

  • In connection with the Chapter 11 Cases, Citizens is pleased to advise you of its commitment to provide 100% of the Exit Facility, upon the terms and conditions expressly set forth herein and in the Exit Facility Term Sheet and the Fee Letter (as defined below).

  • The Exit Facility Term Sheet together with this letter, hereinafter are referred to as the “Commitment Letter”).


More Definitions of Facility Term

Facility Term means where there is no Event of Default (as outlined in this Agreement) within a period of thirty (30) days from the first date of utilization of the Facility.
Facility Term has the meaning given to that term in Section 5.1(a).
Facility Term means the period agreed for full Repayment of the Facility from the date when the outstanding Facility was first advanced.
Facility Term means the period commencing on the Effective Date and ending on March 31, 2014, or until this Agreement is terminated early in accordance with Section 6.2.
Facility Term means the date that is thirty-six (36) months from the Commencement Date.
Facility Term. X years from the Commencement Date.