Borrowing Facilities definition

Borrowing Facilities means one or more debt facilities or commercial paper facilities, in each case with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed

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Examples of Borrowing Facilities in a sentence

• Borrowed equipment is provided as is, and Borrowing Facilities should ensure its suitability prior to use.

• Borrowing Facilities shall accept forms supplied by the Lending Facility assuming they contain sufficient documentation which should include the items involved in the transaction, condition of the material prior to the loan, and the party responsible for the material.

• Borrowing Facilities should clearly document hours worked by borrowed staff by a sign-in and sign-out sheet.

• Net Proceeds arising from Shared Collateral may only be applied to Borrowing Facilities that are not Scheme Facilities or Linked Facilities after all such Scheme Facilities and Linked Facilities have been repaid.

• The Security Trustee and each Creditor (if required) shall, upon written request by the Company, release security over any asset which is to be disposed of in accordance with the provisions of the Senior Borrowing Facilities.