Examples of Bank Facility in a sentence
The value considered for the purposes of the leasing agreements will correspond to the amount pending payment of principal under the Bank Facility, plus the interest accrued up to the date of execution of the leasing agreements on the Properties, as established in numeral (2) below.
Subject to compliance with the Conditions (as defined below), the terms set forth below shall apply to Bank Facility.
The foregoing is notwithstanding the fact that, while the Bank Facility Extension is in force, the Bank Facility Creditor undertakes not to initiate any enforcement proceedings, to the extent that the Conditions are pending.
As long as the Conditions are not complied with, the Bank Facility will remain in force according to its original terms (including interest accrued after the reorganization request), the events of default and the rights and remedies existing thereunder for existing causes of default will not be waived; and the current collateral and guarantees of the Bank Facility (hereinafter the “Bank Facility Security”) shall remain fully in force.
Subsequent to the purchase, leasing agreements will be entered into with the Bank Facility Creditor, with respect to each of the Properties, which will be payable in accordance with the tables set forth in Annex No. 3 which is attached in the second petition to the Court of this filing, and which forms an integral part of the to this Agreement for all legal purposes.