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A facilities agreement is a contract between a lender and a borrower where the terms and conditions are defined. This agreement may also be called a facility, loan, or credit facility agreement. A facilities agreement is a form of short-term financing.

A facility agreement is a contract between a borrower and a lender. The agreement sets out the terms and conditions of the agreement. It's often simply called a loan, credit facility agreement, or facility letter. A facility agreement is a short-term loan for a specific amount that does not require collateral.

Meaning of note issuance facility in English an arrangement in which a group of banks agree to find buyers for notes (= agreements to pay a certain amount of money) from a borrower if the borrower is not able to sell them.

Also known as a loan or credit facility agreement or facility letter. An agreement or letter in which a lender (usually a bank or other financial institution) sets out the terms and conditions (including the conditions precedent) on which it is prepared to make a loan facility available to a borrower.

The representations and warranties (representations) in a facility agreement set out the legal and factual basis on which the lender (or finance parties if the loan is syndicated) is prepared to make the facility available to the borrower and place the risk of unknown issues on the borrower.

A loan agreement is regarded as a contract res (contrat reel) that is, a contract which can only be entered into if the lender effectively transfers the funds to the borrower, while a facility agreement is a mere promise of a loan, in other words a promise to transfer the funds to the borrower on his request, the ...

The purpose of a loan agreement is to detail what is being loaned and when the borrower has to pay it back as well as how. The loan agreement has specific terms that detail exactly what is given and what is expected in return.