Total Facility Sample Clauses
The 'Total Facility' clause defines the maximum aggregate amount of credit or funding that a lender or group of lenders agrees to make available to a borrower under a financing agreement. This clause typically specifies the upper limit of funds that can be drawn, regardless of the number or type of sub-facilities (such as revolving loans, term loans, or letters of credit) included within the overall facility. By clearly stating the total available amount, the clause ensures both parties understand the borrowing limits, thereby managing expectations and reducing the risk of overextension or misunderstanding regarding the scope of available financing.
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Total Facility. Subject to all of the terms and conditions of this Agreement, the Lenders agree to make available a total credit facility of up to $400,000,000 (as such amount may be increased or reduced from time to time pursuant to the terms of this Agreement, the “Total Facility”) to the Borrowers from time to time during the term of this Agreement. The Total Facility shall be composed of a revolving line of credit consisting of Revolving Loans and Letters of Credit described herein.
Total Facility. 2 1.2 Revolving Loans.................................................................................2 1.3
Total Facility. Subject to all of the terms and conditions of this Agreement, the Lenders severally agree to make available a total credit facility of up to the Maximum Revolver Amount for the Borrower’s use from time to time during the term of this Agreement. The total credit facility shall be composed of a revolving line of credit consisting of Revolving Loans in an aggregate amount not to exceed the Borrowing Base.
Total Facility. Upon the terms and conditions set forth herein and provided that no Event of Default or event which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, shall have occurred and be continuing, FINOVA shall, upon Borrower's request, make advances to Borrower from time to time in an aggregate outstanding principal amount not to exceed the Total Facility amount (the "Total Facility") set forth on the Schedule hereto, subject to deduction of reserves for accrued interest and such other reserves as FINOVA deems proper from time to time, and less amounts FINOVA may be obligated to pay in the future on behalf of Borrower. The Schedule is an integral part of this Agreement and all references to "herein", "herewith" and words of similar import shall for all purposes be deemed to include the Schedule.
Total Facility. Subject to all of the terms and conditions of this Agreement, the Lenders severally agree to make available a total credit facility of up to $100,000,000 (the "Total Facility") for the Borrowers' use from time to time during the term of this Agreement. The Total Facility shall be comprised of: (a) a revolving line of credit consisting of revolving loans and letters of credit up to the Maximum Revolver Amount, as described in Sections 2.2 and 2.4; and (b) the Term Loans described in Section 2.3.
Total Facility. 7 2.2 Loans ...................................................... 7 2.3 Overlines; Overadvances .................................... 7 2.4
Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender agrees to make available a total credit facility of up to $32,100,000 (the "Total Facility") to the Borrower from time to time during the term of this Agreement. The Total Facility shall be composed of a revolving line of credit consisting of Revolving Loans and Letters of Credit and the Term Loan described herein.
Total Facility. Subject to the terms and conditions of this Agreement, Bank will make up to $12,000,000 in total credit available to, or for the benefit of, Borrowers in the form of the following loans advanced or to be made under the following facilities: (i) revolving loans and (ii) a letter of credit subfacility, all as more particularly described below.
Total Facility. Lender will make available to Borrower a line of credit of up to $7,000,000 ("Total Facility"), subject to the terms and conditions and made upon the representations and warranties of Borrower set forth in this Agreement. Amounts outstanding under the line of credit from time to time will be referred to as the "Revolving Credit Loan". The Revolving Credit Loan will be represented by the promissory note of Borrower of even date herewith and all amendments, extensions and renewals thereto and restatements and replacements thereof ("Revolving Credit Note"). The Revolving Credit Loan will bear interest and will be payable in the manner set forth in the Revolving Credit Note, the terms of which are incorporated herein by reference.
Total Facility. In connection with the Exchange Offer Closing, each Lender in exchange for their 2005 Senior Notes and 2008 Senior Notes agree to accept the Term Loans in the amount as set forth on Schedule 1.1 opposite such Lender's name, constituting a total credit facility of up to $110 million (the "Total Facility"). The Total Facility shall be composed of the Term Loans to the Borrowers. Notwithstanding anything to the contrary contained in this Agreement, the aggregate principal amount of Term Loans under this Agreement shall not exceed $110 million.