A revolving loan facility is a type of loan issued by a financial institution that provides the borrower with the flexibility to draw down or withdraw repay and withdraw again. Define revolving facility agreement.
The execution delivery and performance by borrower of this agreement and the credit notes are within borrowers powers have been authorized by all necessary corporate action and do not and will not contravene borrowers articles of incorporation or bylaws violate any provision of law or result in a breach of or default under any other.
Revolving loan facility agreement template english law. For this a borrower can use a funding agreement template. Facility agreement between the secretary of state for transport as lender and. Multicurrency term and revolving facilities agreement amount in numbers facility agreement dated for name of principal company arranged by name of arrangers with name of agent acting as agent name of law firm the loan market association lma consents to the use reproduction and transmission of this document by members of.
Enforceability of any of the loan documents at law or in equity or. Agreements 8 facility agreement templates word pdf pages. Means that certain amended and restated revolving line of credit agreement dated as of october 3 2011 among hawaiian telcom communications inc first hawaiian bank as agent and the lenders from time to time party thereto as the same may be amended restated modified waived or refinanced from time to time subject to the provisions of this agreement.
A quick guideby practical law financerelated contenta quick guide to some of the common types of loan available to a company and to some of the points to bear in mind when negotiating a loan. Loan to be made pursuant to that proposed utilisation that are due to be made on. A revolving loan.
The revolving credit facility lender has agreed to make certain loan facilities available to the company in connection with the projects and the cotai project including the design development and construction of the cotai project for the refinancing of the companys existing indebtedness and for general corporate purposes of the group including investment in excluded. Alternative interest rate has the meaning given to that term in clause 63b. This guide is aimed at those who have little or no experience of corporate loansthis is one of a series of quick guides see quick guidesthis quick guide also links to a.
Corporationshall mean the mojave water agency public facilities corporation a nonprofit public benefit corporation. Facility means the sterling revolving credit facility made available subject to the terms and conditions hereto as described in clause 21 the facility. Agreement means this revolving loan facility agreement between the lender and the borrower as amended novated supplemented extended or restated from time to time.
A term loan is a type of borrowing money where in the lender sets specif schedules for the repayment of debt with a corresponding fixed interest. Loan agreement revolving line of credit this loan agreement the agreement is made as of the day of february 2011. Term loans and revolving facility.
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