Facilities definition
Examples of Facilities in a sentence
Company If Clause 16.4 (Cost of funds) applies or if the Primary Term Rate is to be determined on the basis of an Alternative Reference Bank Rate the Bank Facilities Agent shall, as soon as is practicable, notify the Company.
The rights and remedies provided in each Bank Facilities Finance Document are cumulative and not exclusive of any rights or remedies provided by law.
Facilities Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Bank Facilities Lenders.
If such a Lender fails to indicate its status in accordance with this Clause 18.9(b) then that Lender shall be treated for the purposes of this Agreement as if it is not a Qualifying Bank Facilities Lender until such time as it notifies the Agent which category applies (and the Agent, upon receipt of such notification, shall inform the Company).
If a Standby Drawing is made pursuant to Clause 6.2 (Standby Drawing), the Company shall pay to the Bank Facilities Agent, for the account of the Affected DSR Facility Lender, interest calculated in accordance with Clause 13 (Interest).