Financing Facility definition
Examples of Financing Facility in a sentence
The amount of the Advance requested from the Postpetition Lender shall, subject to the terms and conditions of this Agreement, be made available to the Borrower by: (i) depositing the same, in same day funds, in an account of the Borrower; (ii) wire transferring such funds to a Person or Persons designated by the Borrower in writing; or (iii) with respect to Advances to pay off the Initial Postpetition Financing Facility, paying the Proceeds of such Advances directly to the Postpetition Lender.
Seller shall give Buyer prior notification if any amendment to any financial covenant in any Existing Financing Facility increases the obligations or requirements of Seller thereunder, and such changed financial covenant shall, with no further action of Seller or Buyer, automatically become a part hereof and be incorporated herein upon the effectiveness of such amendment in the other Existing Financing Facility.
The payoff of the Initial Postpetition Financing Facility is hereby approved.
Upon entry of this Interim Order and payment in full of the Initial Postpetition Financing Facility, this Interim Order shall supersede the Initial Final Financing Order.
The Seller shall also provide the Purchaser with copies of such annual accountant compliance audit reports, servicer reports, remittance reports or similar documents prepared under or in connection with the Financing Facility Documents for any financing facility as the Purchaser may from time to time reasonably request to the extent that such documents or reports are not available to the Purchaser through the applicable Securitization Trustee Website.