Application For Banking Facility Sample Clauses

Application For Banking Facility. (i) At the request of the Borrower, the Bank has agreed to grant or make available to the Borrower and/or to continue to grant or make available to the Borrower an Operating Overdraft Facility and/or a Non-Revolving Loan and/or a Revolving Term Loan referred to in Article II hereunder as the Bank may in its absolute discretion grant from time to time (hereinafter referred to as “the Facility” which expression shall where the context so permits include any part or balance thereof to be paid or advanced by the Bank) for the purpose(s) and upon the terms and conditions more particularly set out in the Letter of Offer issued the day and year stated in Section 1(b) of Schedule A hereto (hereinafter referred to as “the Letter of Offer”) issued by the Bank and accepted by the Borrower and attached hereto as Schedule F and on the terms and subject to the conditions hereinafter contained including all those additional terms and conditions as set out in Schedule B and/or Schedule C and/or Schedule D respectively and in Schedule E. (ii) As security for the repayment of the Facility and all sums due and payable hereunder, the Borrower shall execute the Letter of Offer and this Facility Agreement and shall further execute and deliver to the Bank and/or procure the execution and delivery to the Bank by the Borrower and/or any party providing the security (hereinafter referred to as “the Security Party” whose name(s) and description are described in Section 3 of Schedule A hereto and whose obligations shall continue to subsist notwithstanding any other additional/supplemental facilities granted by the Bank to the Borrower and secured by any other security party to be included from time to time) of such other security documents now or hereafter or from time to time required by the Bank (hereinafter referred to as “the Security Documents”) over the Property more particularly set out in Section 4 of Schedule A hereto including but not limited to the Related Documents more particularly set out in Section 5 of Schedule A hereto (hereinafter referred to as “the Related Documents”). 1P/3P FA-WT (OD/ Non-Revolving Loan/ Revolving Term Loan) (iii) One of the conditions for the granting of the Facility to the Borrower is that the Security Party shall execute and deliver the Security Documents more particularly set out in Section 6 of Schedule A hereto and shall deliver to the Bank all such Related Documents affecting or concerning the securities as provided in the Security Documen...