Examples of Uncommitted Facility in a sentence
If your Facility is an Uncommitted Facility, we do not have to give advance notice to you of any cancellation of your Limit.
Uncommitted Facility The Company is a party to two secured credit facilities with a financial institution to finance overnight securities positions purchased as part of its ordinary course broker-dealer market making activities.
The Bank will have no obligation to make any utilisation under, or make available any part of, any Uncommitted Facility.
Each Uncommitted Facility Increase shall be made on notice given by Borrower Representative to Agent no later than 12:00 noon (New York City time) 30 days (or such shorter time as Agent may agree) prior to the date of the proposed Uncommitted Facility Increase.
This Agreement shall continue in effect from the date hereof until the later of (i) the date on which the Uncommitted Facility has expired or been terminated and (ii) the Final Collection Date.