Facility Limit definition: Copy, customize, and use instantly
Introduction
The term "Facility Limit" refers to the maximum amount of credit or financing that a lender is willing to provide to a borrower under a specific facility agreement. It is an important concept in credit and loan agreements, as it sets boundaries for borrowing and helps manage financial risk. Understanding the "Facility Limit" is essential for both parties, as it defines the extent of available funds and ensures that the borrower's obligations are clear.
Below are various examples of how "Facility Limit" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Facility Limit" as a general credit facility
This definition ties "Facility Limit" to the overall available credit under a loan agreement.
"Facility Limit" means the maximum principal amount available to be drawn under the credit facility, as specified in the facility agreement.
Definition of "Facility Limit" for revolving credit facilities
This definition connects "Facility Limit" to revolving credit lines.
"Facility Limit" refers to the maximum borrowing capacity available under a revolving credit facility, including any increases or decreases in the limit as per the agreement.
Definition of "Facility Limit" as related to a term loan
This definition links "Facility Limit" to a term loan agreement.
"Facility Limit" means the maximum principal amount that can be borrowed under a term loan facility, as stated in the loan agreement.
Definition of "Facility Limit" for project financing
This definition applies "Facility Limit" to project finance transactions.
"Facility Limit" refers to the maximum financing available under the project financing agreement, covering all related project costs and expenditures.
Definition of "Facility Limit" for syndicated loans
This definition ties "Facility Limit" to syndicated loan agreements.
"Facility Limit" means the total credit amount available under a syndicated loan facility, with each lender participating in proportion to their commitment.
Definition of "Facility Limit" as related to a credit line
This definition connects "Facility Limit" to a general credit line.
"Facility Limit" refers to the maximum amount of credit that can be drawn under a credit line, as outlined in the credit agreement.
Definition of "Facility Limit" in a working capital facility
This definition applies "Facility Limit" to working capital financing.
"Facility Limit" means the total available funding for working capital purposes, as specified in the working capital facility agreement.
Definition of "Facility Limit" in the context of a guarantee facility
This definition ties "Facility Limit" to guarantee facilities.
"Facility Limit" refers to the maximum liability for which guarantees can be issued under the guarantee facility agreement.
Definition of "Facility Limit" for revolving loan facilities
This definition connects "Facility Limit" to revolving loan facilities.
"Facility Limit" means the maximum amount of credit available to be drawn under the revolving loan facility, which may vary based on the borrower’s financial performance.
Definition of "Facility Limit" in a secured loan agreement
This definition links "Facility Limit" to secured lending agreements.
"Facility Limit" refers to the maximum borrowing amount secured by collateral under a secured loan facility.
Definition of "Facility Limit" for cash facilities
This definition connects "Facility Limit" to cash-based financing arrangements.
"Facility Limit" means the upper limit of the available cash that can be borrowed or used under a cash facility agreement.
Definition of "Facility Limit" for trade finance
This definition ties "Facility Limit" to trade finance arrangements.
"Facility Limit" refers to the maximum credit available for trade finance transactions, as defined in the trade finance facility agreement.
Definition of "Facility Limit" in the context of a cross-border facility
This definition connects "Facility Limit" to international credit facilities.
"Facility Limit" means the maximum credit available to be used in cross-border transactions under the international facility agreement.
Definition of "Facility Limit" for acquisition financing
This definition applies "Facility Limit" to acquisition financing.
"Facility Limit" refers to the maximum amount available to finance the acquisition of assets or businesses, as specified in the acquisition financing agreement.
Definition of "Facility Limit" for commodity financing
This definition ties "Facility Limit" to commodity financing.
"Facility Limit" refers to the total amount of credit available for commodity transactions under the commodity financing agreement.
Definition of "Facility Limit" for real estate loans
This definition links "Facility Limit" to real estate lending.
"Facility Limit" means the maximum principal amount available for loans secured by real estate assets, as set out in the real estate loan agreement.
Definition of "Facility Limit" for trade credit facilities
This definition connects "Facility Limit" to trade credit arrangements.
"Facility Limit" refers to the maximum amount of credit extended to a borrower for trade transactions under a trade credit facility.
Definition of "Facility Limit" in the context of an overdrawn account
This definition applies "Facility Limit" to overdrawn account situations.
"Facility Limit" means the maximum overdraft limit allowed in the borrower’s account, as defined in the bank agreement.
Definition of "Facility Limit" in a secured revolving facility
This definition ties "Facility Limit" to a secured revolving facility.
"Facility Limit" refers to the maximum amount available for borrowing under a revolving facility secured by collateral.
Definition of "Facility Limit" in the context of refinancing
This definition connects "Facility Limit" to refinancing arrangements.
"Facility Limit" means the total amount of credit available under a refinancing agreement, including the refinancing of existing debt obligations.
Definition of "Facility Limit" for corporate facilities
This definition applies "Facility Limit" to corporate borrowing facilities.
"Facility Limit" refers to the upper limit of credit available under a corporate loan or credit facility, as specified in the corporate financing agreement.
Definition of "Facility Limit" in the context of capital expenditure financing
This definition ties "Facility Limit" to capital expenditure financing.
"Facility Limit" means the maximum credit available for funding capital expenditures, as outlined in the capital expenditure financing agreement.
Definition of "Facility Limit" for unsecured loan facilities
This definition connects "Facility Limit" to unsecured loan facilities.
"Facility Limit" refers to the maximum amount of credit available under an unsecured loan facility, without the requirement for collateral.
Definition of "Facility Limit" for short-term financing
This definition links "Facility Limit" to short-term credit arrangements.
"Facility Limit" means the maximum credit extended for short-term borrowing purposes under a short-term financing facility.
Definition of "Facility Limit" for medium-term facilities
This definition ties "Facility Limit" to medium-term financing.
"Facility Limit" refers to the total amount of credit available under a medium-term financing facility, typically extending over a period of one to five years.
Definition of "Facility Limit" for project development financing
This definition applies "Facility Limit" to project development.
"Facility Limit" means the maximum credit allocated for project development financing, as defined in the project financing agreement.
Definition of "Facility Limit" for factoring facilities
This definition connects "Facility Limit" to factoring agreements.
"Facility Limit" refers to the maximum amount of credit extended under a factoring facility, based on the value of receivables.
Definition of "Facility Limit" for leveraged loan facilities
This definition links "Facility Limit" to leveraged loan agreements.
"Facility Limit" means the maximum amount available under a leveraged loan facility, typically used to fund acquisitions or restructuring.
Definition of "Facility Limit" in the context of term debt facilities
This definition ties "Facility Limit" to term debt arrangements.
"Facility Limit" refers to the maximum borrowing capacity under a term debt facility, which is typically repaid over a fixed period.
Definition of "Facility Limit" for bridging facilities
This definition applies "Facility Limit" to bridging loans.
"Facility Limit" means the maximum credit available under a bridging facility, used to bridge the gap in financing until a permanent loan is arranged.
Definition of "Facility Limit" in the context of financial derivatives
This definition connects "Facility Limit" to derivative financing.
"Facility Limit" refers to the maximum exposure allowed in derivative transactions under a facility agreement, covering contracts like swaps and options.
Definition of "Facility Limit" for working capital and cash flow loans
This definition links "Facility Limit" to cash flow financing.
"Facility Limit" means the maximum credit available to cover working capital or cash flow needs, as specified in the working capital facility agreement.
Definition of "Facility Limit" for structured finance
This definition ties "Facility Limit" to structured finance transactions.
"Facility Limit" refers to the maximum available funding under a structured finance facility, which may involve complex securitization or asset-backed lending structures.
Definition of "Facility Limit" as a general credit facility
This definition ties "Facility Limit" to the overall available credit under a loan agreement.
"Facility Limit" means the maximum principal amount available to be drawn under the credit facility, as specified in the facility agreement.
Definition of "Facility Limit" for revolving credit facilities
This definition connects "Facility Limit" to revolving credit lines.
"Facility Limit" refers to the maximum borrowing capacity available under a revolving credit facility, including any increases or decreases in the limit as per the agreement.
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.