Limit Reduction. The Facility shall have a dropdown frequency and the Borrower agrees that the Bank shall be entitled to reduce the Limit sanctioned to the Borrower on a monthly/quarterly/half yearly/annual basis, in the manner more particularly provided in the Schedule hereunder written.
Appears in 4 contracts
Sources: Dropline Overdraft Facility Agreement, Dropline Overdraft Facility Agreement, Dropline Overdraft Facility Agreement