Examples of Facility Request in a sentence
Each Incremental Facility Request from the Borrower shall set forth (i) the requested principal amount of the Incremental Facility, (ii) the proposed terms of the Incremental Facility (including its interest rate and, if an Incremental Term Facility is being requested, amortization and any prepayment premiums) and (iii) whether an Incremental Revolving Facility or Incremental Term Facility is being requested.
Each Incremental Facility Request from the Borrower shall set forth (i) the requested principal amount of the Incremental Facility and (ii) the proposed terms of the Incremental Facility (including its interest rate, amortization and any prepayment premiums).
Upon delivery of the applicable Incremental Facility Request, the Incremental Term Loan Commitments shall first be offered to the Agent for the purpose of arranging such facilities, with any un-committed amounts thereafter arranged by Borrower (with the consent of Agent, not to be unreasonably withheld or delayed)).
Such Incremental Facility Request shall set forth (i) the amount of the Incremental Term Loan Commitment being requested, (ii) the date (an “Incremental Effective Date”) on which such Incremental Facility is requested to become effective (which, unless otherwise agreed by Administrative Agent, shall not be less than ten (10) Business Days nor more than sixty (60) days after the date of such notice), and (iii) the Borrower’s proposed potential lenders thereof.
Upon delivery of the applicable Incremental Facility Request, such Incremental Facility shall be offered to all Lenders pro rata according to the respective outstanding principal amounts of the Revolving Loans and Revolver Commitments held by each Lender.
The Agent shall not be responsible for any statements, representations or warranties made by the Borrower in this Agreement any Facility Letter or otherwise or for or in respect of any information supplied or provided or subsequently to be supplied or provided by the Agent or any of the Banks which is in any way connected with the Borrower or this Agreement or any Facility Request, Facility Letter or any of the matters contemplated by this Agreement.
If, in relation to a Facility Request, the Borrower shall decline to sign the Facility Letter as stipulated by the Agent, it shall be under no obligation to do so.
Once the Facility Request has been approved and a Facility Letter entered into, the Agent and/or the Banks shall make available the requested loan in accordance with the provisions of the applicable Facility Letter.
Each Revolving Lender may elect (in its sole discretion) to provide its pro rata share of such Incremental Revolving Loan Commitments by giving notice of such election in writing to the Revolver Agent by 11:00 a.m., on the date that is ten (10) Business Day after the date of Revolver Agent’s receipt of the applicable Incremental Facility Request.
The Agent will notify the Borrower of its decision within 10 Business Days of receipt by it of a Facility Request.