Common use of Facility Type Clause in Contracts

Facility Type. Uncommitted, revolving, secured collateral pool credit facility. It is understood that the Bank is under no obligation whatsoever to issue Documentary Credits or to countersign ▇▇▇▇ and retains the right at its sole and absolute discretion to accept or reject any drawing requested by the Borrower at its sole and absolute discretion, notwithstanding whether the Conditions Precedent and Subsequent (Annex 1) are fulfilled and whether or not an Event of Default has occurred.

Facility Type. Uncommitted, revolving, secured collateral pool credit facility. It is understood that the Bank is under no obligation whatsoever to issue Documentary Credits or to countersign ▇▇▇▇ or to make Cash Advances or Advances and retains the right at its sole and absolute discretion to accept or reject any drawing requested by the Borrower at its sole and absolute discretion, notwithstanding whether the Conditions Precedent and Subsequent (Annex 1) are fulfilled and whether or not an Event of Default has occurred.

Facility Type. Uncommitted, revolving, secured collateral pool credit facility. It is understood that the Bank is under no obligation whatsoever to issue Documentary Credits or to countersign ▇▇▇▇ or to make Advances and retains the right at its sole and absolute discretion to accept or reject any drawing requested by the Borrower at its sole and absolute discretion, notwithstanding whether the Conditions Precedent and Subsequent (Annex 1) are fulfilled and whether or not an Event of Default has occurred.