Facility Sizing Clause Samples
The Facility Sizing clause defines the maximum amount of credit or funding that a lender will make available to a borrower under a specific agreement. It typically specifies the total commitment, any sub-limits for different types of loans or credit lines, and may outline conditions under which the facility size can be increased or decreased. For example, a revolving credit facility might have a set cap, with provisions for temporary increases during peak business periods. This clause ensures both parties have a clear understanding of the financial limits involved, helping to manage expectations and mitigate the risk of overextension.
Facility Sizing. In connection with the syndication of the Replacement Facilities, the Delayed Draw Term A Facility and/or the Term B Facility, if agreed among the Arrangers and the Company, the amount of any such facility under this Agreement (each a “Facility”) may be increased in an aggregate amount for all such Facility increases not in excess of $100,000,000. Such increased amount shall be on the same terms as the remaining portion of the Facility and shall be documented pursuant to documentation in form and substance reasonably acceptable to the Company and the Arrangers, executed by the Company and the Administrative Agent, without the consent of any other party hereto.
Facility Sizing. The Parties will mutually agree on the appropriate sizing of the transport facilities and on the number of trunks. The capacity of transport facilities provided by each Party will be based on mutual forecasts and sound engineering practice, as mutually agreed to by the Parties. CLEC will order trunks in the agreed upon quantities via an Access Service Request (“ASR”).