Examples of G Facility in a sentence
For the avoidance of doubt, each party to this Additional G Facility Accession Deed accepts and acknowledges that EURIBOR has the meaning given to it under Clause 1.1 (Definitions) of the Credit Agreement provided that if, at the time of calculation, the rate of EURIBOR is determined to be below 0.75%, then EURIBOR will be deemed to be 0.75 per cent.
The interest rate for the G Facility will be calculated in accordance with Clause 14 ( Interest on Term Facility Advances) of the Credit Agreement, being the sum of EURIBOR and the applicable Margin.
Where any G Facility Advance has not already been consolidated with any other G Facility Advance, on the last day of any Interest Period for that unconsolidated G Facility Advance, that G Facility Advance will be consolidated with any other G Facility Advance which has an Interest Period ending on the same day as that unconsolidated G Facility Advance, and all such G Facility Advances will then be treated as one Advance.
The Final Maturity Date in respect of the G Facility will be 15 January 2022.
This Additional G Facility Accession Deed will take effect on the date on which the Facility Agent notifies the Company and the Additional G Facility Lender that it has received the documents and evidence set out in Schedule 2 to this Additional G Facility Accession Deed, or, as the case may be, the requirement to provide any of such documents or evidence has been waived by the Facility Agent on behalf of the Additional G Facility Lender (the “ Additional Facility Commencement Date”).
The outstanding G Facility Advances will be repaid in full on the Final Maturity Date.
The principles of construction set out in Clause 1.3 ( Construction) of the Credit Agreement apply to this Additional G Facility Accession Deed as though they were set out in full in this Additional G Facility Accession Deed.
The Company confirms to the Additional G Facility Lender that all requirements of paragraph (b) of Clause 2.5 ( Additional Facilities) of the Credit Agreement are fulfilled as of the date of this Additional G Facility Accession Deed.
The G Facility Advances will be used for general corporate purposes and working capital purposes, including but not limited to the making of an upstream loan, repayment of Subordinated Funding and/or payment of upstream dividends by any member of the Bank Group in respect of its share capital in accordance with the terms of the Credit Agreement.
Unless otherwise defined in this Additional G Facility Accession Deed, terms defined in the Credit Agreement shall have the same meaning in this Additional G Facility Accession Deed and a reference to a Clause is a reference to a Clause of the Credit Agreement.