Conditions Precedent — Incremental Facility

Description

This AI field captures conditions precedent that must be fulfilled before incremental facilities / increases in commitment are effective. This AI field does not capture similar provisions regarding refinance / replacement facilities, incremental notes, or incremental equivalent debt. It is recommended that this AI field be used together with the other Incremental Facility AI fields.

Jurisdiction

  • Australia
  • Canada (Alberta, British Columbia, Ontario, and Quebec)
  • United Kingdom (England)
  • United States (California, Delaware, Illinois, New York, and Texas)

Document Types

  • 78% Debt Related Agt
  • 22% Debt Supplemental Agt

Tags

  • Bankruptcy/Recession Planning — Credit Agreements
  • Credit/Facility Agreements

Language

  • 100% English