RBS Facility definition
Examples of RBS Facility in a sentence
In this Agreement, except where the context otherwise requires, words and expressions defined and references construed in the RBS Facility Agreement or the NatWest Facility Agreement (but not defined or construed in this Agreement) shall have the same meaning herein.
RBS and the RBS Borrowers entered into a (pound)27,500,000 revolving credit facility dated 24 October 1995 (as subsequently amended by two amendment agreements dated 15 May 1998 and 22 May 1998 respectively) (the "RBS Facility Agreement").
The Representations and Warranties in Clause 12 of the RBS Facility (as amended from time to time) shall apply to the Agreement mutatis mutandis.
After the RBS Facility shall have been paid in full, each Borrower may prepay the whole or any part of the Loan, without penalty, at any time during the term of the Loan.
The Borrower shall apply all amounts borrowed by it in respect of the Loan in payment to RBS for the application by RBS in pro tanto satisfaction of the Borrower's obligations under the RBS Facility, in payment of its obligations under the Existing Loan Agreement and for general corporate purposes and capital requirements.