Working Facility Sample Clauses
The 'Working Facility' clause defines the terms under which a lender provides a borrower with access to a line of credit or loan facility for operational or day-to-day business needs. Typically, this clause outlines the maximum amount available, the conditions for drawing funds, and any specific requirements or limitations on usage, such as eligible purposes or repayment schedules. Its core practical function is to ensure that the borrower has reliable access to short-term financing while setting clear boundaries and expectations for both parties, thereby facilitating smooth business operations and managing financial risk.
Working Facility. Executive will perform his services hereunder at the principal office of the Company, located in Houston, Texas, except as travel to other locations is warranted by the business of the Company. The Company shall provide Executive with such office space, secretarial help, and other facilities and services as may be suitable to his position and appropriate for the performance of his duties.
Working Facility. Executive will perform her services hereunder at the principal office of the Company, located in Roanoke, Virginia, except as travel to other locations is warranted by the business of the Company. The Company shall provide Executive with such office space, secretarial help, and other facilities and services as may be suitable to her position and appropriate for the performance of her duties.
Working Facility. Employee will perform his services hereunder in Palm Desert, California unless otherwise agreed by both parties to this Agreement.