Facility Agreement definition: Copy, customize, and use instantly
Introduction
The term "Facility Agreement" refers to a contract between a lender and a borrower, specifying the terms and conditions under which financial facilities are provided. It is essential for defining the terms of credit, the amount of financing available, the repayment schedule, and any associated conditions or covenants.
Below are various examples of how "Facility Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Facility Agreement" as a financing contract
This definition ties "Facility Agreement" to a general loan arrangement between parties.
"Facility Agreement" means an agreement between a lender and a borrower that sets the terms for providing financial facilities, including interest rates, repayment schedules, and conditions.
Definition of "Facility Agreement" as a revolving credit arrangement
This definition connects "Facility Agreement" to a revolving line of credit.
"Facility Agreement" refers to an agreement that establishes a revolving credit facility, allowing the borrower to draw, repay, and re-borrow up to a specified limit.
Definition of "Facility Agreement" as a term loan
This definition links "Facility Agreement" to a term loan structure with fixed repayment terms.
"Facility Agreement" means an agreement under which a borrower receives a lump sum loan with a defined repayment schedule and interest rate over a set term.
Definition of "Facility Agreement" as a syndicated loan agreement
This definition applies "Facility Agreement" to a syndicated loan arrangement.
"Facility Agreement" refers to an agreement involving multiple lenders who pool their resources to provide a large loan to a borrower under specified terms.
Definition of "Facility Agreement" in relation to a bilateral agreement
This definition ties "Facility Agreement" to a loan between two parties.
"Facility Agreement" means a contract between a single lender and a borrower, setting the terms of a specific loan arrangement.
Definition of "Facility Agreement" as an agreement for multiple facilities
This definition links "Facility Agreement" to a scenario where the borrower can access more than one facility.
"Facility Agreement" refers to an agreement where a borrower is granted access to multiple types of financial facilities, including loans, credit lines, and guarantees.
Definition of "Facility Agreement" in a structured finance context
This definition connects "Facility Agreement" to structured finance transactions.
"Facility Agreement" means an agreement that provides financial facilities within a structured finance deal, often secured by specific collateral and tailored to the transaction’s structure.
Definition of "Facility Agreement" in the context of a loan agreement with covenants
This definition applies "Facility Agreement" to a situation where loan covenants are specified.
"Facility Agreement" refers to an agreement where the borrower agrees to comply with specific financial covenants, such as maintaining certain financial ratios, in exchange for loan facilities.
Definition of "Facility Agreement" in a project financing context
This definition ties "Facility Agreement" to the financing of a project.
"Facility Agreement" means an agreement for providing financing for the development and execution of a specific project, with repayment linked to the project's success.
Definition of "Facility Agreement" as a short-term financing arrangement
This definition links "Facility Agreement" to short-term lending.
"Facility Agreement" refers to an agreement that provides short-term financing, typically for working capital purposes, to a borrower.
Definition of "Facility Agreement" in a multi-currency context
This definition connects "Facility Agreement" to loans in various currencies.
"Facility Agreement" means an agreement where the borrower can access financial facilities in multiple currencies, often used by multinational companies.
Definition of "Facility Agreement" in a bilateral facility arrangement
This definition applies "Facility Agreement" to a situation where only two parties are involved in the agreement.
"Facility Agreement" refers to an agreement between two parties, typically a borrower and a single lender, regarding the provision of financial facilities.
Definition of "Facility Agreement" as a security-based facility
This definition ties "Facility Agreement" to an agreement backed by collateral.
"Facility Agreement" means an agreement where the borrower provides specific assets as collateral in exchange for receiving financial facilities.
Definition of "Facility Agreement" in relation to an acquisition finance
This definition connects "Facility Agreement" to the financing of an acquisition.
"Facility Agreement" refers to an agreement designed to provide the necessary financing for the acquisition of a business, including any related covenants and terms.
Definition of "Facility Agreement" as a working capital facility
This definition links "Facility Agreement" to financing for working capital needs.
"Facility Agreement" means an agreement under which a borrower is provided funds to cover daily operational expenses, such as inventory and payroll, on a short-term basis.
Definition of "Facility Agreement" as a non-recourse facility
This definition connects "Facility Agreement" to a situation where the lender does not have recourse to the borrower’s other assets.
"Facility Agreement" refers to an agreement where the lender’s recourse is limited to specific assets or revenue streams related to the loan.
Definition of "Facility Agreement" in relation to a revolving facility
This definition applies "Facility Agreement" to a situation where the borrower can access funds repeatedly.
"Facility Agreement" refers to a credit facility allowing the borrower to draw, repay, and re-borrow up to a specified limit during the term of the agreement.
Definition of "Facility Agreement" as a bridge loan agreement
This definition ties "Facility Agreement" to a temporary financing arrangement.
"Facility Agreement" means an agreement for short-term financing provided until more permanent financing can be arranged.
Definition of "Facility Agreement" in a secured lending context
This definition links "Facility Agreement" to lending secured by assets.
"Facility Agreement" refers to an agreement where the borrower provides collateral to secure the loan provided by the lender under the facility.
Definition of "Facility Agreement" in a bilateral guarantee context
This definition applies "Facility Agreement" to a situation where a guarantee is involved.
"Facility Agreement" means an agreement where a third-party guarantor guarantees the repayment of the loan, making the borrower’s obligations more secure for the lender.
Definition of "Facility Agreement" in a cross-border financing context
This definition connects "Facility Agreement" to international lending arrangements.
"Facility Agreement" refers to an agreement that provides financial facilities across multiple jurisdictions, involving compliance with various international laws and regulations.
Definition of "Facility Agreement" as a mezzanine loan agreement
This definition ties "Facility Agreement" to mezzanine financing.
"Facility Agreement" means an agreement that provides mezzanine financing, typically in the form of subordinated debt or equity-linked loans.
Definition of "Facility Agreement" in a debt restructuring context
This definition links "Facility Agreement" to the restructuring of existing debt.
"Facility Agreement" refers to an agreement involving the modification of existing debt terms to provide more favorable conditions to the borrower.
Definition of "Facility Agreement" as a committed facility
This definition applies "Facility Agreement" to a financing arrangement where the lender is obligated to provide funds.
"Facility Agreement" refers to an agreement where the lender commits to providing funds to the borrower as long as they meet certain conditions.
Definition of "Facility Agreement" in a trade finance context
This definition ties "Facility Agreement" to financing for trade transactions.
"Facility Agreement" means an agreement that provides financial support for international trade transactions, such as letters of credit or supply chain financing.
Definition of "Facility Agreement" in relation to a credit agreement
This definition connects "Facility Agreement" to general credit lending.
"Facility Agreement" refers to a contract that governs the provision of credit from a lender to a borrower, typically involving a set credit limit.
Definition of "Facility Agreement" in the context of a senior debt facility
This definition applies "Facility Agreement" to a senior loan arrangement.
"Facility Agreement" refers to an agreement for providing senior debt facilities, where the lender has priority over other creditors in case of default.
Definition of "Facility Agreement" in a credit support context
This definition links "Facility Agreement" to an agreement involving credit support arrangements.
"Facility Agreement" means an agreement that provides credit support to the borrower, such as a standby letter of credit or guarantee, to secure the loan.
Definition of "Facility Agreement" as a conditional loan facility
This definition ties "Facility Agreement" to loans that are dependent on specific conditions.
"Facility Agreement" refers to an agreement that provides a loan facility contingent on certain conditions being met, such as performance targets or milestones.
Definition of "Facility Agreement" in a private placement context
This definition connects "Facility Agreement" to private equity arrangements.
"Facility Agreement" means an agreement providing financing from private investors to a borrower, typically structured as equity or convertible debt.
Definition of "Facility Agreement" as a project finance facility
This definition links "Facility Agreement" to the financing of large infrastructure projects.
"Facility Agreement" refers to an agreement providing financing for the development of a large-scale project, typically backed by the project's cash flow or assets.
Definition of "Facility Agreement" as a credit line facility
This definition ties "Facility Agreement" to a line of credit arrangement.
"Facility Agreement" refers to an agreement that provides the borrower with access to a line of credit, which they can draw from as needed up to a specified limit.
Definition of "Facility Agreement" in a secured loan agreement
This definition connects "Facility Agreement" to a loan that is secured by collateral.
"Facility Agreement" means an agreement in which a borrower pledges collateral to secure a loan, protecting the lender in case of default.
Definition of "Facility Agreement" in the context of a loan syndication
This definition applies "Facility Agreement" to a syndicated loan arrangement.
"Facility Agreement" refers to an agreement that governs the syndication of a loan, where multiple lenders provide portions of the total loan amount to a single borrower.
Definition of "Facility Agreement" as a financing agreement with performance-based conditions
This definition links "Facility Agreement" to performance-linked terms.
"Facility Agreement" means an agreement under which the borrower’s ability to access funds or the terms of the loan are based on specific performance targets being met.
Definition of "Facility Agreement" in a cross-currency swap context
This definition connects "Facility Agreement" to a swap agreement used to hedge currency risk.
"Facility Agreement" refers to an agreement where a borrower enters into a cross-currency swap with the lender to manage foreign exchange risks associated with the loan.
Definition of "Facility Agreement" in a revolving credit line with additional terms
This definition applies "Facility Agreement" to a revolving facility with added terms for flexibility.
"Facility Agreement" refers to an agreement that allows the borrower to access a revolving credit line with additional terms, such as interest rate adjustments based on market conditions.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.