Syndicated Facility definition
Examples of Syndicated Facility in a sentence
Upon any such assignment, the assigning ▇▇▇▇▇▇, the assignee Lender, the applicable Fronting Lender (in the case of the Syndicated Facility only), the Agent and, if applicable, the Borrower, shall execute and deliver an Assignment Agreement.
Subject to the terms and conditions hereof, each of the Syndicated Facility Lenders shall make available to the Borrower such ▇▇▇▇▇▇’s Rateable Portion of the Syndicated Facility and the Operating Lender shall make available to the Borrower the Operating Facility.
In addition, the Borrower may make Drawdowns and Rollovers under the Credit Facilities of Letters of Credit denominated in Canadian Dollars or United States Dollars; provided that the Outstanding Principal of Letters of Credit outstanding under the Syndicated Facility shall not exceed Cdn.$75,000,000 (or the Equivalent Amount thereof in United States Dollars) at any time.