Credit Facility Agreement definition
Examples of Credit Facility Agreement in a sentence
If the case, any Debtor fails to create or perfect any part of the Siesusrpitecified under the Financing Documents or to permfo with any of the obligations assumed by it under,or to comply with any of the provisions under, the Security Agreements or the value of the mortgaged property under the Security Agreements falls below the market value representing 100%of the outstagnadimnount of the Credit Facility (or any other percentage set out in the Credit Facility Agreement).
If the case under the Credit Facility Agreement, the Bank shall have rec,euivnedder a form satisfacot ry to the Bank, photocopies oafll insurance policies related to the Security specified under the Financing Documents,in full force and effect at such moment,together with satisfactory evidence to the Bank that the insurance premium for each such innscuerapolicy has been paid on its due date.
The Credit Facility Agreement is writ of execution (in Romantitialun, executoriu), in accordance with the provisions of the GovernmeEntmergency Ordinance No. 99/2006 regarding credit institutions and capital adequacy,as further amended.
The Borrower and the Guarantor undertake to secure the principal amount of the Facility Limit,as well as the interest, commissions, costs and expenses arising out of or in relation to the Financing Documents, together with all and any enforcement costsarteeld to the creation and perfection of the Seiceusrsitpecified under the Financing Documents,as provided in the Credit Facility Agreement.
As specified in the Credit Facility Agreement, where applicable, the Borrower shall utilize the Credit Facility by submitting with the Bank a Utsilai tion Request.