Credit Facility Letter definition
Examples of Credit Facility Letter in a sentence
By delivery of this Credit Facility Letter to you, the undersigned does not commit or otherwise obligate itself to extend to you any credit described in the Credit Facility.
Delivery of a Credit Facility Letter to the Borrowers by any Bank shall not obligate or commit such Bank in any way to extend any credit referred to therein to the Borrowers.
The Administrative Agent will promptly notify the Revolving Credit Lenders of any such notice of termination or reduction of the Revolving Credit Facility, Letter of Credit Subfacility or Swing Line Subfacility.
Revolving Credit Facility Letter Agreement, dated November 27, 2012, between Bank of America, National Association, Milan Branch, and ▇▇▇▇▇▇▇ S.r.l., as amended from time to time, providing a revolving credit facility in an amount up to €9,000,000.
Delivery of a Credit Facility Letter to Pioneer by any Bank shall not obligate or commit such Bank in any way to extend any credit referred to therein to Pioneer.
As of March 31 of each calendar year commencing on March 31, 1996, each Bank which is a party hereto shall, at the request of Pioneer, deliver to Pioneer a Credit Facility Letter therein indicating the maximum amount of each type of credit referred to therein which each Bank may be willing to extend to Pioneer during the next twelve (12) calendar months.
All terms and provisions of the Credit Facility Letter shall have been complied with in full.
A Letter of Credit Facility Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each such Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension the sum of the Letter of Credit Facility L/C Exposure and the outstanding Letter of Credit Facility Loans shall not exceed $20,000,000.
The Borrower further acknowledges and agrees that the Bank has fully performed its obligations under all documents executed in connection with the Credit Facility Letter and the Note and all actions taken by the Bank are reasonable and appropriate under the circumstances and within its rights under the Credit Facility Letter and the Note and all other documents executed in connection therewith.
Delivery of a Credit Facility Letter to the Borrowers by any Voting Bank shall not obligate or commit such Bank in any way to extend any credit referred to therein to the Borrowers.