Facility Review Date definition
Facility Review Date means the date each Facility is scheduled for review;
Facility Review Date means each date for a Facility Review, as specified in the Letter of Offer.
Examples of Facility Review Date in a sentence
If the Facility is expressed to be an unsecured facility in the Schedule then the Borrower shall pay / repay each Advance together with accrued interest thereon and all other amounts payable by the Borrower to the Bank hereunder to the Bank before the Facility Review Date mentioned in Facility Letter or within the period mentioned under clause 7.1, whichever is earlier.
However, without prejudice to the Bank’s right to demand payment at any time, it is hereby agreed that each Facility is scheduled for review on the respective Facility Review Date.