Revolving Credit Facility Agreement Definition

(e) debt or guarantees relating to collateral obligations or industrial benefits (or other similar exempt or taxable communal obligations) as well as letters of credit and similar agreements arising from ordinary activity; (e) administration; Repayment by lenders. Upon receipt of a request for payment under this LC facility by the recipient of the LC mechanism, the appropriate LC issuer informs the administrator, borrower and other lender of the amount to be paid by that LC issuer as a result of this receivable and the proposed payment date (the LC payment date). The liability of the applicable LC issuer to the borrower and each lender is to find that the documents (including any request for payment) provided under each LC facility issued by that LC issuer as part of this submission are consistent with this LC facility on all essential points. Each LC issuer strives to be as diligent in issuing and managing its facilities as it is for accrediters in which no participation is granted, e) To the broadest extent possible, so that no party asserts the right and each party renounces it, and acknowledges that no party asserts liability against another party in this regard. special, indirect, consecutive or punitive damages (as opposed to direct or actual damages) resulting from or related to this agreement, another loan document, agreement or instrument contemplated, proposed transactions or a third party by a free office, as long as it is necessary by the borrower in accordance with Section 8.03 (b) No compensation in the sense of point (b) below: liability for damages resulting from the use of information or other materials resulting from the use of information or other materials from telecommunications systems, electronic information or other information disclosure systems related to this agreement or other documents subject to credit or transactions contemplated here, or any direct or actual damage resulting from gross negligence or wilful misconduct in this compensation , are created. by a final and unquestionable judgment of a competent court. (c) the borrower informs the administrator of any choice to terminate or reduce the obligations covered in paragraph (b) of this section at least one business day before that purpose or reduction comes into effect, indicating that choice and the end of the choice`s entry into force. Any notification of the borrower referred to in this section is irrevocable; If a termination of the borrower`s commitments may indicate that such notification depends on the effectiveness of other credit facilities, in this case, this notification may be revoked by the borrower (by notification to the administrative officer on the date or before the validity date) if this condition is not met.

search previous next tag category expand menu location phone mail time cart zoom edit close