Terms of the Facility Sample Clauses

Terms of the Facility. 1) The Bank shall maintain/cause to be maintained the Facility account in the name of the Borrower for entering the particulars of the said Facility for the time being (hereinafter referred to as the said "Account”).
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Terms of the Facility. With regard to any Facility which is subject to any specific agreement or arrangement now or hereafter subsisting, the Customer covenants to discharge and satisfy such Facility in accordance with the terms of such agreement or arrangement.
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Terms of the Facility. 24 2.1 Commitments 24 2.2 [Reserved] 25 2.3 Limitations on Interest Periods 25 2.4 Limitation on Types of Loans 25 2.5 Use of Loan Proceeds 25 2.6 Interest 27
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Terms of the Facility. 1.1 Borrower(s)’s Warranty, Undertaking & Declaration
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Terms of the Facility. AMOUNT The Borrower agrees to borrow from the Company and the company agree to lend to the Borrower the facility particularly mentioned in Schedule I (d) hereto.
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Terms of the Facility. The Pledgor/s agrees to borrow from the Bank and the Bank agree to lend to the Pledgor/s the facility particularly mentioned in Schedule I (d) hereto.
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Terms of the Facility. The board (the “Board”) of directors of the Company is pleased to announce that on 24 February 2022, the Company entered into a revolving facility agreement (the “Facility Agreement”) with Smart Neo Holdings Limited (“Smart Neo”). Smart Neo is a substantial shareholder of the Company and is wholly and beneficially owned by Xx. Xx Xx (“Xx. Xx”), the Chairman and an executive Director of the Company. Pursuant to the Facility Agreement, it is agreed that Smart Neo shall grant a revolving facility (the “Facility”) up to the principal amount of US$750,000,000 (which is equivalent to approximately HK$5.85 billion) to the Company for a term of 12 months effective from the date of the Facility Agreement. The Facility is unsecured, interest-free and repayable on demand. The draw-down and provision of each tranche of loan under the Facility is subject to the fulfilment of the conditions specified in the Facility Agreement. Smart Neo shall have the absolute discretion to waive any or all of the conditions of the Facility Agreement as it thinks appropriate. The funds drawn down from the Facility shall be used strictly for (i) acquisition of recognised insurance companies and/or projects worldwide, particularly insurance companies and/or projects in the Asian regions (including Singapore etc.), European regions (including the United Kingdom etc.) and Northern American regions (including the United States etc.) (the “Proposed Acquisitions”); or (ii) provision of financial assistance to Target Insurance Company, Limited (the “Subsidiary”), being a wholly owned subsidiary of the Group. On the date of signing of the Facility Agreement of 24 February 2022, the Company has notified the Insurance Authority (the “IA”) in respect of the matters regarding the Facility Agreement and the Proposed Acquisitions (the “Notice to IA”) in compliance of the undertaking given by the Company to the IA, under which the notice period shall be not less than 60 days or shorter period as the IA may allow. Unless the Company receives the consent from the IA for shorter notice, the drawdown of the Facility will not take place earlier than 60 days after the date of the Notice to IA. No binding agreement has been entered into in respect of the Proposed Acquisitions. Unless the Company receives the consent from the IA for shorter notice, the Company is unable to proceed with any Proposed Acquisitions within 60 days after the date of the Notice to IA. Further announcement(s) will be made by the Compa...
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Terms of the Facility. 1.1 Construction of the Agreement
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Terms of the Facility 
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Related to Terms of the Facility

  • Terms of the Loan 2.1 The Lender will lend to the Company, and the Company will borrow from the Lender by way of one advance to be evidenced by a promissory note in the form attached hereto as Schedule “A”, the Principal sum of fifty thousand dollars (USD) subject to the terms and conditions of this Agreement and the Securities.

  • Amount and Terms of the Loan Subject to the terms of this Agreement:

  • Amount and Terms of the Credit Facility 2.1. The Commitments; Increase in Total Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that will not result in such Lender’s Exposure exceeding such Lender’s Commitment. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary in this Agreement, in no event may Loans be borrowed under this Section 2.1 if, after giving effect thereto, the aggregate principal amount (a) of the Total Exposures at such time would exceed the Total Commitments then in effect or (b) the Exposure of any Lender at such time would exceed such Lender’s Commitment. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6. The respective obligations of the Lenders under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

  • Amount and Terms of the Loans 2.1 Commitments 25 2.2 Borrowings 26 2.3 Disbursements; Funding Reliance; Domicile of Loans 29 2.4 Evidence of Debt; Notes 30

  • Terms of the Offering We may advise you orally or by one or more wires, telexes, telecopy or electronic data transmissions, or other written communications (each, a “Wire”) of the particular method and supplementary terms and conditions of any Offering (including the price or prices at which the Securities initially will be offered by the several Underwriters, or if the price is to be determined by a formula based on market price, the terms of the formula, (the “Offering Price”) and any Selling Concession or, if applicable, Reallowance) in which you are invited to participate. Any such Wire may also amend or modify such provisions of this Master SDA in respect of the Offering to which such Wire relates, and may contain such supplementary provisions as may be specified in any Wire relating to an Offering. To the extent such supplementary terms and conditions are inconsistent with any provision herein, such supplementary terms and conditions shall supersede any provision of this Master SDA. Unless otherwise indicated in any such Wire, acceptances and other communications by you with respect to an Offering should be sent pursuant to the terms of Section 19 hereof. Notwithstanding that we may not have sent you a Wire or other form of invitation to participate in such Offering or that you may not otherwise have responded by wire or other written communication (any such communication being deemed “In Writing”) to any such Wire or other form of invitation, you will be deemed to have accepted the terms of our offer to participate as a Selected Dealer and of this Master SDA (as amended, modified or supplemented by any Wire) by your purchase of Securities or otherwise receiving and retaining an economic benefit for participating in the Offering as a Selected Dealer. We reserve the right to reject any acceptance in whole or in part. Any Offering will be subject to delivery of the Securities and their acceptance by us and any other Underwriters may be subject to the approval of all legal matters by counsel and may be subject to the satisfaction of other conditions. Any application for additional Securities will be subject to rejection in whole or in part.

  • Terms of the Offer Upon the terms and subject to the conditions set forth in the Offer (including, if the Offer is extended, amended or supplemented, the terms and conditions of any such extension, amendment or supplement), the Purchaser will accept for payment and will purchase all Shares validly tendered on or prior to the Expiration Date (as hereinafter defined) and not withdrawn in accordance with the procedures described herein. The term "Expiration Date" means 12:00 Midnight, New York City time, on February 10, 1998 unless and until the Purchaser, in its sole discretion, shall have extended the period of time for which the Offer is open, in which event the term "Expiration Date" shall mean the latest time and date at which the Offer, as so extended by the Purchaser, shall expire. This Offer to Purchase, the related Letter of Transmittal and the other relevant materials are being mailed to record holders of Shares and are being furnished to brokers, dealers, commercial banks, trust companies and similar persons whose names, or the names of whose nominees, appear on the stockholder lists or, if applicable, who are listed as participants in a clearing agency's security position listing for subsequent transmittal to beneficial owners of Shares. The Purchaser reserves the right (but shall not be obligated), in accordance with applicable rules and regulations of the Commission, to waive any or all of the conditions to the Offer. If, by the Expiration Date, any of such conditions have not been satisfied, the Purchaser reserves the right to (a) decline to accept for payment or pay for any Shares tendered, terminate the Offer and return all tendered Shares to tendering stockholders, (b) extend the Offer and, subject to the withdrawal rights described herein, retain all tendered Shares until the expiration of the Offer as extended or (c) waive such unsatisfied condition or conditions and, in accordance with applicable law and subject to giving sufficient notice to stockholders pursuant to the Offer and in compliance with applicable rules and regulations of the Commission, accept for payment and pay for all Shares validly tendered. The Purchaser will disseminate public announcements concerning material changes to the Offer in accordance with applicable law. The manner in which the Purchaser will make any such public announcement may, if appropriate, be limited to a press release.

  • General Terms and Conditions of the Notes Section 201.

  • Terms and Conditions of the Offer The respective obligations of Merger Sub to, and of Parent to cause Merger Sub to, irrevocably accept for payment, and pay for, any shares of Company Common Stock validly tendered pursuant to the Offer (and not validly withdrawn) are subject only to the conditions set forth in Annex I (the “Offer Conditions”) (without limiting the right of Merger Sub to terminate, extend or modify the Offer to the extent permitted under and in accordance with the terms of this Agreement). The Offer Conditions are for the sole benefit of Parent and Merger Sub, and Parent and Merger Sub may waive, in whole or in part, any Offer Condition at any time and from time to time, in their sole and absolute discretion, other than the Minimum Tender Condition, which may be waived by Parent and Merger Sub only with the prior written consent of the Company in its sole and absolute discretion. Parent and Merger Sub expressly reserve the right to increase the Offer Price or to waive or make any other changes to the terms and conditions of the Offer; provided that unless otherwise expressly provided herein or previously approved by the Company in writing (in its sole and absolute discretion), Merger Sub shall not, and Parent shall not permit Merger Sub to, (i) reduce the number of shares of Company Common Stock sought to be purchased in the Offer, (ii) reduce the Offer Price, (iii) change the form of consideration payable in the Offer, (iv) amend, modify or waive the Minimum Tender Condition, the Regulatory Condition, the Restraint Condition or the Termination Condition, (v) add to the Offer Conditions or amend, modify or supplement the Offer, including any Offer Condition, in any manner adverse to the Company or any holder of Company Common Stock or in any manner that would reasonably be expected to prevent or materially delay the consummation of the Offer or the Merger or (vi) extend or otherwise change the expiration date of the Offer in any manner other than in accordance with the terms of Section 1.01(d).

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