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Common use of Facility Commitment Clause in Contracts

Facility Commitment. The proceeds of a Swingline Borrowing may not be used, in whole or in part, to refund any prior Swingline Borrowing.

Appears in 2 contracts

Sources: Credit Agreement (Telesat Holdings Inc.), Credit Agreement (Telesat Holdings Inc.)

Related Clauses

  • Loan Commitment
  • Equity Commitment
  • Loan Commitments
  • Revolving Loan Commitment
  • L/C Commitment

Parent Clauses

  • Establishment of Facility Commitment Terms of Loans
  • Loan Facility
  • The Facility
  • Affirmative Covenants of Borrower
  • Effect of Payment by Insurer; Subrogation

Sub-Clauses

  • Increase in Revolver Commitments
  • Use of Proceeds
  • Termination of Facility Revolver Commitments
  • Protective Advances
  • Notes
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