relevant facility definition
Examples of relevant facility in a sentence
The proceeds of such Relevant Facility Loans shall be immediately applied to repay the applicable Issuing Lender.
In the case of any Bank having Exposure under more than one Near-Term Facility, such Bank may, by notice to Conseco and the applicable Agent, allocate its reduction in Exposure to one or more such Facilities in such respective amounts as it shall select in its sole discretion (and any inconsistent provision in the Relevant Facility shall not apply).
Each Facility Agent shall notify the Lenders for which it is the Relevant Facility Agent of receipt of any such notice.
Upon receipt of any such notice the applicable Agent shall promptly notify each Relevant Facility Lender thereof.
The Relevant Facility Agent, subject to Clause 30.5(b), as soon as reasonably practicable after receipt by it of a duly completed Transfer Certificate appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, shall execute that Transfer Certificate.