Examples of Facility A Borrower in a sentence
In connection with Loan Facility A, Borrower agrees to pay Lender an additional fee when the outstanding principal balance is less than the Maximum Principal Balance.
The Facility A Borrower may, if it or the Company gives the Agent not less than 10 Business Days' (or such shorter period as the Facility A Lender may agree) prior notice, prepay the whole or any part of the Facility A Loan (but, if in part, being an amount that reduces the amount of that Facility A Loan by a minimum amount of £250,000).
As at 30 March 2016 (the “Lasted Practicable Date”), the Facility A Borrower owns approximately 66.16% of the issued share capital of the Company and is a controlling shareholder of the Company.
If a Change of Control occurs, the Facility A Borrower shall promptly notify Natixis and Natixis may, by not less than three business days’ notice to the Borrowers, cancel the entire Facility and declare all outstanding loans of the Facility, together with accrued interest, and all other amounts accrued under the Finance Documents (as defined in the Facility Agreement) immediately due and payable.
Section 9.4(b) of the Credit Agreement is hereby amended such that within 30 days of the end of each month, the Facility A Borrower and SunOpta Food Group are no longer required to deliver a full listing of aged Accounts Receivable and detailed list of Inventory, rather the Facility A Borrower and/or SunOpta Food Group will, as applicable, delver a summary listing of aged Accounts Receivable and a summary listing of Inventory acceptable to the Agent and/or the US Administrative Agent, as applicable.
At the end of each calendar quarter, the Lender shall have received an officer certificate from the Facility A Borrower setting forth in reasonable detail the value of each type of collateral included in the Working Capital Collateral, which shall be no less than the aggregate principal amount of loans under the Working Capital Facility outstanding on such date.
If a Change of Control occurs, the Facility A Borrower shall promptly notify the Lender and the Lender may, by not less than three business days’ notice to the Borrowers, cancel the entire Facility and declare all outstanding loans of the Facility, together with accrued interest, and all other amounts accrued under the Finance Documents (as defined in the Facility Agreement) immediately due and payable.
Each change in the fluctuating interest rate applicable to each Prime Loan and Canadian Overdraft will take place simultaneously with the corresponding change in the Prime Rate without the necessity for any notice to the Facility A Borrower.
Each Facility A Borrower shall repay all Facility A Loans made to it, in full, on the Facility A Repayment Date.
Prepayment under Cash Advance Facility A Borrower may prepay all or part of the Principal Outstanding under the Cash Advance Facility by giving the Lender at least 5 Business Days’ prior notice specifying: the prepayment date; and the relevant Funding Portions which are to be prepaid in whole or in part.