Facility Specific Terms definition
Examples of Facility Specific Terms in a sentence
The Parties acknowledge and agree that the Facility Specific Terms for each Facility may include different terms in respect of policy conditionality, fees, fee levels and other terms and conditions.
Unless stated to the contrary in this Agreement, the terms of this Agreement shall apply to all Facilities and Facility Specific Terms but without prejudice to the further terms and conditions set out in such Facility Specific Terms which may, in relation to the relevant Facility, supplement, dis-apply, amend or modify any of the terms set out in this Agreement.
Provisions which are fully or in part invalid, illegal or unenforceable shall be interpreted and thus implemented according to the spirit and purpose of this Agreement and the Facility Specific Terms.
This Agreement and all Facility Specific Terms form a single agreement between the Parties.
In the event of any conflict between any provision of this Agreement and of any Facility Specific Terms, the provisions of the Facility Specific Terms shall prevail in relation to the relevant Facility.
In accordance with Clause 2(9), any of the above Events of Default may be expressly supplemented, dis-applied, amended or modified or additional Events of Default may be stipulated for any specific Financial Assistance if so specified in the Facility Specific Terms applying to the Facility under which such Financial Assistance is to be made available.
In addition, subject to any provision to the contrary in any Facility Specific Terms, the Parties agree that the rights and obligations of EFSF may be freely transferred to ESM and/or to any other entity owned collectively directly or indirectly by the euro-area Member States.
If nevertheless the Beneficiary Member State or the Bank of Greece is required by law to make any such deductions, the Beneficiary Member State shall pay the requisite additional amounts so that, after making any deduction as is required by law, EFSF receives in full the amounts specified by this Agreement, the relevant Facility Specific Terms or the relevant Pre-Funding Agreement (as the case may be).
All or part of the Master Facility will be made available by way of a loan facility (the "Loan Facility") on the terms and subject to the conditions of the Master Facility Agreement as varied or supplemented by these Facility Specific Terms.
The Parties, the Hellenic Financial Stability Fund and the Bank of Greece are parties to a Master Financial Assistance Facility Agreement dated [●] under which EFSF has agreed to make available to the Beneficiary Member State a Master Facility in an Aggregate Financial Assistance Amount of up to EUR [●] billion, as amended and supplemented by the Facility Specific Terms dated [●] in respect of the EUR [●] Facility (together, the "FFA").