Uncommitted Facilities definition
Examples of Uncommitted Facilities in a sentence
We reserve the right to review the facilities (hereinafter defined as "Uncommitted Facilities" which expression shall include any of them or any part of them) at any time and from time to time at our absolute discretion.
Uncommitted Facilities shall become committed facilities as of the Effective Date and shall mature on the Termination Date, subject to the limitations set forth on Schedule 7.1. The commitment termination date or, as applicable, maturity date for each loan and other credit extension under each of the other Existing Facilities shall remain unchanged.
We confirm that each condition specified in paragraph (b) of Clause 4.2 (Uncommitted Facilities) is satisfied on the date of this Utilisation Request.
Notwithstanding any other provisions in this letter, Standard Conditions and any other document, we shall have the right at our absolute discretion and without prior notice to you, immediately to vary, terminate, reduce, suspend or cancel the Uncommitted Facilities, to cease to make available any further utilization f the Uncommitted Facilities and/or to demand immediate repayment of all moneys and liabilities owing to us under the Uncommitted Facilities (whether actual or contingent).
The Company shall use the proceeds of the Cash Dividend to repay the outstanding borrowings under the Uncommitted Facilities and, if such borrowings are paid in full, terminate the Uncommitted Facilities.
We confirm that each condition specified in Clause 4.2 (Uncommitted Facilities) is satisfied on the date of this Utilisation Request.
Notwithstanding any other provisions in this letter, Standard Conditions and any other document, we shall have the right at our absolute discretion and without prior notice to you, immediately to vary, terminate, reduce, suspend or cancel the Uncommitted Facilities, to cease to make available any further utilization of the Uncommitted Facilities and/or to demand immediate repayment of all moneys and liabilities owing to us under the Uncommitted Facilities (whether actual or contingent).