“Co-Documentation Agents” is Wells Fargo Bank, National Association and U.S. Bank National Association, as co-documentary agents for the credit facility established by this agreement. (a) all of that person`s obligations for borrowed money and all the obligations of that person, which are proven by bonds, bonds, bonds, loan contracts or similar instruments; (8) any other circumstance or event, whether or not it is similar to any of the previous circumstances, including other circumstances that might otherwise constitute a defence or relief of the burden of the borrower or subsidiary. “substantial debt,” debt (with LBL of loans and credit facilities) or liabilities for one or more swap contracts of one or more borrowers and their subsidiaries for a total amount of more than $75,000,000. In order to determine the essentially indebted costs, the “primary amount” of the borrower`s or subsidiary`s obligations to a swap contract is at any time the maximum amount (with effect for clearing agreements) that the borrower or such subsidiary would be required to pay if that swap contract were terminated on that date. A type of revolving credit is particularly useful for operational purposes, particularly for businesses that experience large fluctuations in cash flow and higher-than-expected expenses. In other words, it is necessary for companies that sometimes have low cash resources to support their net labour capital on labour capital (NWC). It is a measure of a company`s liquidity and ability to meet its short-term obligations as well as the financing of its operations. The ideal position is to meet the needs. For this reason, it is often seen as a form of short-term financing that is usually quickly paid. SECTION 3.14.
Disclosure. The information provided by the borrower or, on behalf of the borrower, the administrative officer or a lender as part of the credit facility agreement herein or provided in accordance with that provision (including information contained in a confidential memorandum of information relating to such an agreement) did not, at the time of delivery, contain substantial factual data or refrain from providing essential facts necessary for the presentation of the statements contained in it. , taking into account the circumstances in which they were made, do not mislead in a material way; whether, with respect to the projections and other pro forma financial information contained in this information, the borrower merely indicated that this information was based on reasonably appropriate estimates and assumptions at the time of production, since the administrative officer and lenders have acknowledged that financial information relating to future events is not considered a fact and that actual results are not considered actual results in the course of the real period or results during the reporting period. periods covered by this financial information may differ materially from the expected results exposed to it. A revolving credit facility offers a variable line of credit that offers individuals or businesses great flexibility in the credits they borrow. The criteria for approving the loan depend on the level, size and sector in which the business operates. The financial institution generally reviews the company`s financial statements, including the income statement, cash flow account and balance sheet, when deciding whether the entity can repay a debt.