Formula Agreement definition
Examples of Formula Agreement in a sentence
Advance Formula Agreement, Credit Agreement, Security Agreement) for any changes or exceptions to the Standard Borrowing Base requirements and ineligible definitions.
Unless otherwise indicated, words and terms which are defined in the Advance Formula Agreement have the same meaning where used herein.
Debtor executed and delivered to Bank that certain restated Advance Formula Agreement dated on or about December 23, 2011 (the “Advance Formula Agreement”).
In connection with the Agreement, the Borrower, the Guarantors, and the Bank have entered into that certain Advance Formula Agreement dated as of September 1, 2002 (as the same has been or may hereafter be amended, restated, supplemented, or otherwise modified from time to time, the "Advance Formula Agreement").
The Company and the Authority each confirms that the negotiations leading to the agreement as at 30th March 2012 of price(s) as recorded at Annex 1 to this Statement were conducted in accordance with the principles of paragraph 9 (Equality of Information) of The 1968 Profit Formula Agreement which has now been carried forward in the 2006 Annual Review of the Profit Formula for Non-Competitive Government Contracts.
The sum of the aggregate principal amount at any time outstanding under the borrowing formula set forth in the Advance Formula Agreement.
This Agreement shall supersede and replace in their entirety any prior advance formula agreements in effect between Bank and Borrower including that certain Advance Formula Agreement dated as of March 29, 2002, executed between Borrower and Bank.
The Bank, the Borrower, and the Guarantors now desire to amend the Agreement and the Advance Formula Agreement as provided herein.
In addition, if, pursuant to the terms of this Agreement or any Advance Formula Agreement, Borrower is required to deliver to Bank accounts receivable agings, accounts payable agings or inventory reports (each, a “Reporting Item”) on a date in which Borrower is not required to also deliver a borrowing base report, on the date that Borrower delivers any such Reporting Item to Bank, Borrower shall also deliver to Bank a borrowing base report as of such date.
The Signatory Parties shall further support one another to obtain Congressional authorization, if necessary, to allow the ▇▇▇ to operate the federal reservoirs in the ACF Basin in accordance with the ACF Allocation Formula Agreement, if such authorization legislation is introduced no later than ninety (90) days after this Agreement has become effective and condition (a) of Subsection 1.2 has occurred.