Commercial Facility definition
Examples of Commercial Facility in a sentence
The Borrower shall on the Commercial Final Maturity Date repay to the Facility Agent as agent for the Commercial Facility Lenders, the Commercial Final Payment, together with all interest and all other amounts payable under this Agreement and the Facility Documents due to the Commercial Facility Lenders.
The Borrower shall not repay or prepay all or any part of the Commercial Facility Loan or the Revolving Facility Loan or cancel all or any part of the Commercial Facility Loan Commitment or Revolving Facility Commitment except at the times and in the manner expressly provided for in this Agreement.
If the borrower requests and we agree to make any other loan advances in the future, the borrower will enter into another Commercial Facility Contract with us, made up of the Commercial Facility Details document and the Commercial Facility Terms.
During the Demonstration Phase, the Parties will discuss options to work together to commercialize Bio-BDO in the Territory using the Commercial Process at the Commercial Facility and will negotiate in good faith an agreed term sheet that specifies the commercial structure (“Term Sheet”).
Only one single utilisation may be made of the Commercial Lenders’ Guarantee in a maximum principal amount equal to the Eksportfinans Commercial Facility Loan.