Examples of Facility Limit in a sentence
Item 1 Facility Limit $25 million including all capitalised interest and fees accrued in accordance with this document.
Provided no Default has occurred and is subsisting at that time, if the Borrower repays the Secured Money in full at any time after the Minimum Repayment Date but before the Repayment Date, the Lender agrees to reimburse to the Borrower all capitalised interest on the Facility Limit accrued for the period commencing after the date of prepayment until the Repayment Date.
Following a written request from the Borrower before the Termination Date, provided there is no Default continuing, the Lender may consider extending the Facility Limit.
Subject to the terms of this document, the Lender makes available to the Borrower during the Availability Period a cash advance facility in Dollars in an aggregate amount not greater than the Facility Limit.
Item 1 Facility Limit As determined by the Lender from time to time, up to a maximum sum of $5,000,000 or such other sum as determined by the Lender pursuant to clause 4.1.