Available Facilities definition
Examples of Available Facilities in a sentence
Each Lender will participate through its Facility Office in each Advance made pursuant to Clause 3.2 (Further Conditions for Advances) in the proportion borne by its relevant Available Commitments to the relevant Available Facilities immediately prior to the making of that Advance.
The currency specified in a Utilisation Request must be dollars and the aggregate amount of the proposed Utilisations on any day must be a minimum of $2,500,000 (or if less, the applicable Available Facilities).
A Borrower may, if it gives the Agent not less than thirty (30) Business Days’ (or such shorter period as the Majority Lenders or, with regards to any Facility B Commitment, the Facility B Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of USD 2,500,000 or integral multiples thereof) of the Available Facilities.
The Company may, if it gives the Agent not less than 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (but if in part, being a minimum amount of £1,000,000) of the Available Facilities provided that such cancellation is made pro rata as between Facility A and Facility B.
The Borrower may, if it gives the Agent not less than ten Business Days’ (or such shorter period as the Majority Facility A Lenders, the Majority Facility B Lenders, or, as the case may be, the Majority Facility D Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of S$5,000,000) of the Available Facilities under the Term Loan Facilities or the Available Facility under Facility D.