Common use of Restrictions Applicable to Individual Facilities Clause in Contracts

Restrictions Applicable to Individual Facilities. 6.1 PROPERTY LOAN FACILITY/IP LOAN FACILITY The Property Loan Facility and the IP Loan Facility must each be drawn down in full in one amount before the end of the applicable Availability Period. The amount which may be drawn down in respect of the Property Loan Facility and the IP Loan Facility may not exceed the limits established pursuant to Clauses 2.1(c) and (d) (The Facilities).

Appears in 2 contracts

Sources: Facility Agreement (Salton Inc), Facility Agreement (Salton Inc)