Standby Facility definition

Standby Facility means the facility made available to the Borrowers pursuant to Clause 7;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Standby Facility has the meaning given it in Section 3A.1.

Standby Facility means the standby facility which the Lender has agreed to make available to Plateau on the terms and conditions set out in this Agreement and the Standby Facility Agreement;

Examples of Standby Facility in a sentence

Standby Facility [TBD.] Subscription Rights The rights to purchase Rights Offering Shares as set forth in the Rights Offering Procedures.
The Standby Facility Determination Notice shall contain particulars of the relevant circumstances giving rise to its issue.
The aggregate principal balance of the Standby Facility plus all accrued but unpaid interest thereon shall be due and payable by the Company to Fidelity on the Standby Facility Maturity Date.
The Caribbean Development Bank (CDB) through its implementation of the 10th EDF EPA Standby Facility has also documented successful EPA-related activities in several CARIFORUM countries including the creation of an Electronic Single Window in Suriname and a Packing Facility in Grenada.
All accrued and unpaid interest on the Standby Facility shall be due and payable by the Company to Fidelity on the last day of each calendar month.
The principal owing hereunder in respect of the Standby Facility at any given time shall equal the Standby Facility Amount minus all principal payments on the Standby Facility received by Fidelity hereunder.
Without prejudice to the Borrowers' obligations to use the Standby Facility exclusively for the purposes specified in Clause 1.1 the Standby Lender shall have no responsibility for the application by the Borrowers of the proceeds of drawings representing Standby Outstandings.
For credit balances to the Standby Facility credit interest will be paid by the Standby Lender after specific agreement with the Borrowers.
The Borrowers shall pay interest on any each amount borrowed under the Standby Facility for which interest is to be calculated for a fixed period at the rate per annum determined by the Standby Lender to be the aggregate of (i) the Margin and (ii) the applicable Standby Rate, such interest to be payable (a) at the end of such period and/or (b) if the period exceeds six (6) months, on each date falling at six (6) monthly intervals within such period and (c) on the date the amount borrowed is repaid.
The Borrower shall also pay to the Issuer for its own account (x) at the time of issuance of each Standby Facility LC, a fronting fee (the "Fronting Fee") equal to .125% per annum multiplied times the amount of such Standby Facility LC remaining undrawn, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the Issuer's standard schedule for such charges as in effect from time to time.

More Definitions of Standby Facility

Standby Facility means the facility referred to as such in Clause 2 (The Senior Facilities) of the Agreement.

Standby Facility means the Facility more particularly described in Section 1.03 hereof pursuant to which the Bank will issue Standby L/C's for the account of the Company.

Standby Facility means the principal amount of the additional borrowing by the Borrower which has been advanced pursuant to Clause 33 and is for the time being outstanding under this Agreement;

Standby Facility means the facilities, equipment, sites and any other rights, interests and duties in respect of ESAs designated as “Standby Facilities” on Part I to Schedule 2.10.

Standby Facility has the meaning given in the Credit Agreement;

Standby Facility a term loan facility up to an aggregate Financing Principal amount not exceeding the Total Standby Commitments;