Examples of Lender Facilities in a sentence
The Borrower may not utilise any part of the Commercial Facility which has been cancelled or any of the ECA Lender Facilities prepaid.
This Agreement shall in no way be construed to preclude any Supporting Noteholder from acquiring additional Senior Notes or claims in respect of the Lender Facilities or any Supporting Lender from acquiring additional claims in respect of the Lender Facilities or Senior Notes.
No Supporting Lender or Supporting Noteholder may create any subsidiary or affiliate for the sole purpose of acquiring any Lender Facilities or Senior Notes without first causing such subsidiary or affiliate to become a party hereto as a Supporting Lender or Supporting Noteholder, as the case may be.
Credit / Lender Facilities – Review all current LOC lines related to the business for purposes of determining available line limits (if needed), as well as consideration of potential other lending resources (if needed).
The Funders’ obligations hereunder are absolute, continuing and unconditional, so long as the Funders draw under the Lender Facilities in connection with the development of the Project, provided that if for any reason the funding to Circle is not permitted hereunder, then the Monthly Advance(s) for such period of time shall be deferred and added to any such subsequent funding.
The supplemental Review Board will be reactivated with the appropriate number of members appointed by each party.
Each Supporting Lender represents and warrants, on a several but not joint basis, that, as of the date hereof, it is the legal or beneficial holder of claims pursuant to the Lender Facilities identified on its signature page hereto (collectively, such Supporting Lender's "RELEVANT DEBT"; all Supporting Creditors' Relevant Notes and Relevant Debt, collectively, the "RELEVANT CLAIMS") and has or will have the authority to vote or direct the voting of claims relating to the Relevant Debt.
The Lender Facilities for the following Debtors have not been paid in full and, therefore, the relevant Claims against these Debtors have been classified as Subordinated Non-Debtor Affiliate Claims that, if Allowed, are entitled to receive distributions only after the applicable Lender Deficiency Claims and AWAC Deficiency Claim are paid in full: AWAC, BMC, BWAC, CHC, CLAC, CWAC, DLAC, DWAC, EWAC, GWAC, HWAC, and NFI.
The Funders agree that they shall use their commercially reasonable efforts to comply with the terms of the Lender Facilities and to draw monthly the amounts provided in accordance with the approved budget for the Project, as it may be modified from time to time in such manner as shall not materially adversely affect Circle’s entitlement to the Advances hereunder, which were a material inducement for Circle’s entry into this Agreement, the Termination and Release Agreement and the Assignment Agreement.
The questioned activities include the administration of Lender Facilities; the performance by the Debtors’ Estate Professionals of their Estate Professional services to the Debtors; compliance with applicable laws, rules and regulations; the management of the Vessels by third parties; the arrests of various of the Vessels; the sales of the Vessels; and the performance of various other contractual requirements.