Financial Facility definition

Financial Facility means the term loan sanctioned/to be sanctioned by the Bank to the Borrower in a sum as set out at Serial No.1 of the Schedule written hereunder and upto which the Bank may lend and advance to the Borrower and includes where the context so requires outstanding amounts under the Financial Facility, on the terms and conditions prescribed by the Bank from time to time and in force at the time of repayment.
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Financial Facility means and including any loan/financial/credit facility availed by the Borrower from BFL at any point of time.
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Financial Facility means the maximum amount as mentioned in the Schedule that may be advanced from time to time in one or more trenches to the Borrower.
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Examples of Financial Facility in a sentence

  • Borrower or its Subsidiaries shall not modify or amend or permit a Default or Event of Default to occur or exist under any document or instrument given in connection with any Permitted Financial Facility.

  • In the event of default in repayment of any amount under any of the Financial Facility, on the due date(s), additional interest @ 3% over the respective rate of Interest on the overdue amount from the due date upto the date of actual payment shall be payable by the Borrower or at such other rates determined by the Bank for such periods as the Bank may from time to time select.

  • Subject to the Borrower executing this Agreement, which shall govern the terms and conditions of the Financial Facility, the Lender has agreed to sanction the said Financial Facility.

  • The Borrower may prepay the Financial Facility together with up- to-date interest, fees and charges herein on any day in full or in part, subject to the written consent of the Bank and payment of the pre-payment charges at such rates as may be prescribed by the Bank from time to time, and the Bank may cancel further disbursements under the Financial Facility.

  • The Borrower hereby gives his consent to the Bank for disclosing the names of the Borrower and the Directors to the Reserve Bank of India as “Willful Defaulter” in the event the Borrower defaults in respect of Financial Facility with the Bank.

  • The Borrower agrees and undertakes to repay the amount outstanding under the Financial Facility on or before the expiry of the Tenor.

  • The Borrower agrees to repay the amount outstanding under the Financial Facility without any delay, demur or protest together with interest forthwith on written demand of Bank on the Borrower.

  • Default shall have occurred in payment by the Borrower to the Lender of the principal amount of the Financial Facility, in payment of interest, in payment of Additional Interest, and in payment of any other amounts due and payable to the Lender in terms of this Agreement or the other Transaction Documents, on respective Due Dates and if any payment is made to any other party in preference over the Lender in violation of the conditions mentioned in this Agreement.

  • If the assets on which the security is created in favour of the Bank depreciated in value in the opinion of the Bank to such an extent that in the opinion of the Bank further security should be given by the Borrower and such security is not given or outstanding under the Financial Facility is to be reduced and the same is not reduced.

  • Matching grants will be extended by the NPCU from a Financial Facility for MSEs (FIFAMSEs).

Related to Financial Facility

  • Commercial Facility means the Commercial Facility made available under this Agreement as described in Clause 2.1 (Facility).

  • Industrial facility means any real or personal property, the demolition, removal,

  • Residential facility means a home or facility that is licensed by the department of developmental disabilities under section 5123.19 of the Revised Code and in which a child with a developmental disability resides.

  • Total Facility has the meaning specified in Section 1.1.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.