Examples of Bank Facility in a sentence
We had no borrowings outstanding under either the Xxxxx Facility or the Union Bank Facility.
Amended and Restated Bank Facility Revolving facility under the Existing Credit Agreement is converted into a term loan facility.
If we are unable to repay debt, lenders having secured obligations, including the lenders under the Xxxxx Facility and the Union Bank Facility, could proceed against the collateral securing the debt.
In the event of such default, the holders of such indebtedness could elect to declare all the funds borrowed thereunder to be due and payable, together with accrued and unpaid interest, the lenders under the Xxxxx Facility and the Union Bank Facility or other debt we may incur in the future could elect to terminate their commitments, cease making further loans and institute foreclosure proceedings against our assets, and we could be forced into bankruptcy or liquidation.
We had available borrowing capacity of approximately $75.0 million under the Xxxxx Facility and $30.0 million under the Union Bank Facility, subject to existing terms and advance rates and regulatory requirements.