Commercial Facility Loan definition

Commercial Facility Loan means the principal amount of the Commercial Facility Advances for the time being outstanding under this Agreement.
Commercial Facility Loan means a loan made or to be made under the Commercial Facility or the principal amount outstanding for the time being of that loan.
Commercial Facility Loan means an advance of the Commercial Facility Commitments being the Relevant Percentage in relation to the Commercial Facility of a Loan or the principal amount outstanding for the time being of that advance. "Commercial Facility Majority Lenders" means subject to the proviso hereto: (a) if there are no Commercial Facility Loans outstanding, a Commercial Facility Lender or Commercial Facility Lenders whose Commercial Facility Commitments aggregate equal to or more than 66 2/3% of the Total Commercial Facility Commitments (or, if the Total Commercial Facility Commitments have been reduced to zero, aggregated equal to or more than 66 2/3% of the Commercial Facility Commitments immediately prior to the reduction); or (b) at any other time, a Commercial Facility Lender or Commercial Facility Lenders whose participations in the Commercial Facility Loans then outstanding aggregate equal to or more than 66 2/3% of the Commercial Facility Loans then outstanding. "Commitment" means, in relation to a Lender, its Commercial Facility Commitment, its KEXIM Facility Commitment and its KEXIM Guaranteed Facility Commitment. "Compliance Certificate" means a certificate substantially in the form as set out in Schedule 5 (Form of Compliance Certificates). "Confidential Information" means all information relating to the Obligors, the Group, the Finance Documents or the Facility of which a Finance Party becomes aware in its capacity as, or for the purpose of becoming, a Finance Party or which is received by a Finance Party in relation to, or for the purpose of becoming a Finance Party under, the Finance Documents or the Facility from either: (a) the Obligors or any of their respective advisers; or (b) another Finance Party, if the information was obtained by that Finance Party directly or indirectly from the Obligors or any of their advisers, in whatever form, and includes information given orally and any document, electronic file or any other way of representing or recording information which contains or is derived or copied from such information but excludes information that: (i) is or becomes public information other than as a direct or indirect result of any breach by that Finance Party of Clause 36.1 (Confidential Information); or BD-#34696673-v11 4

Examples of Commercial Facility Loan in a sentence

  • Subject to the other provisions of this Agreement, each Commercial Lender shall participate in each Commercial Facility Loan and/or the Commercial Lenders’ Guarantee in the proportion which its Commitments and/or Guarantee Commitments bears to the Commercial Facility Loan Commitments and/or Guarantee Facility Commitments (as applicable).

  • The Borrower may, by giving the Agent not less than three (3) Business Days prior written notice, permanently reduce, cancel or terminate all or part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in a minimum amount of USD 1,000,000 and in integral multiples of USD 1,000,000).

  • Only one single utilisation may be made of the Commercial Lenders’ Guarantee in a maximum principal amount equal to the Eksportfinans Commercial Facility Loan.

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  • 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.

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  • The Commercial Lenders’ Guarantee will be cancelled, if the ECA Lender gives its written confirmation to the Commercial Lenders that the ECA Lender Commercial Facility Loan is prepaid in full.

  • The Borrower shall not repay or prepay all or any part of the Commercial Facility Loan or cancel all or any part of the Commercial Facility Loan Commitments except at the times and in the manner expressly provided for in this Agreement.

  • No amount of the Commercial Facility Loan Commitments cancelled under this Agreement may subsequently be reinstated.

  • The Commercial Lenders’ Guarantee will be cancelled, if Eksportfinans gives its written confirmation to the Commercial Lenders that the Eksportfinans Commercial Facility Loan is prepaid in full.

Related to Commercial Facility Loan

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Term Loan as defined in Section 2.1.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.