Bilateral Facilities definition

Bilateral Facilities means the bilateral facilities listed on Schedule 1.01.

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Bilateral Facilities means all existing bilateral facilities of the Borrower or its subsidiaries set out in the Disclosure Letters.

Bilateral Facilities means those overdraft, guarantee, letter of credit and loan facilities provided by the Bilateral Banks as at the date of this Agreement, the amounts of which are listed in Part 4 of Schedule 1.

Examples of Bilateral Facilities in a sentence

• On and from the Effective Date, the Credit Agreement will be amended in accordance with the amendments set out in Schedule 3 (Amendments) to this Agreement and the same changes shall be automatically made to the terms of the Bilateral Facilities which are common to the terms of the Credit Agreement.

• Subject to the provisions of Clause 22.10 (Bilateral Facilities), a Bilateral Facility may be amended, varied, waived or modified by agreement between the parties thereto.

• GMAC hereby agrees that it shall be deemed to have received timely notice that the definition of “Change of Control” or its equivalent will be amended with regard to the Bilateral Facilities identified in Schedule 7.01(s) as T005, T214, T215, T610, T921, T924 and T932.

• Surviving Bilateral Facilities (as defined in the Alabama Gas Credit Agreement).

• All Loans and utilisations under the Bilateral Facilities outstanding on the Final Maturity Date will be repaid on that date.

• Hereinafter, the Senior Facilities Agreement, the Bridge Facilities Agreement and the Bilateral Facilities Agreements will be referred to as the “Facilities Agreements”.

• Notwithstanding the above, the same parties agree that any references to the Senior Facility Agreement, the Bridge Facility Agreement or the Bilateral Facilities Agreement that are made in any agreements relating to the Transaction Guarantees or Transaction Security shall be deemed to be made to those agreements as amended by this Agreement or by any agreements executed in connection with this Agreement.

• Receipt by the Administrative Agent of evidence that the Bilateral Facilities have been, or substantially simultaneously with the closing of this Agreement will be, terminated, all Liens, if any, securing obligations under the Bilateral Facilities have been or, substantially simultaneously with the closing of this Agreement, are being released, and any and all obligations with respect thereto have been paid in full.

• The same changes shall be automatically made to the terms of the Bilateral Facilities which are common to the terms of the Credit Agreement.

• All commitments under the Existing Bilateral Facilities shall have been terminated or shall concurrently be terminated.

More Definitions of Bilateral Facilities

Bilateral Facilities means the debt finance facilities set out (as described as such) in Schedule 6, being senior borrowing facilities currently provided to the Group on a bilateral basis by the Bilateral Banks, and to be amended by, and subject to the terms of, the RCF Facility Agreement. Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London.

Bilateral Facilities means any of the following facilities provided by an Original Lender (or their Affiliates) or any other lender: (a) an overdraft facility; (b) a guarantee, bonding, documentary or stand-by letter of credit facility; (c) a short term loan facility; or (d) credit cards (and each a “Bilateral Facility”). “Bilateral Facility Limit” means £30,000,000 “Borrower” means an Original Borrower or an Additional Borrower unless it has ceased to be a Borrower in accordance with Clause 26 (Changes to the Obligors).