Common use of Operating Facility Clause in Contracts

Operating Facility. Subject to this Agreement, the Operating Lender hereby agrees to establish in favour of the Borrower a revolving credit facility (such facility, the “Operating Facility”) in a maximum aggregate principal amount not to exceed the Operating Commitment (or the Equivalent Amount in US Dollars), to be made available in accordance with this Agreement until the Operating Facility Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (SemGroup Corp), Credit Agreement (SemGroup Corp)