Security & Collateral · glossary
The loan agreement between the Bank, the Company as borrower and Tooling as guarantor. It provides a term loan of £12,000,000 over five years and a revolving facility of £3,000,000, which can be drawn, repaid and drawn again. Each drawing is called a Utilisation. Definition: Facility Agreement · Recital (A) · Chapter 1
Explained in Chapter 1, What Security Is For, of Security & Collateral.
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Security & Collateral and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
the facility agreement dated 24 April 2026 between the Company as borrower, the Guarantor as guarantor and the Bank as lender, referred to in recital (A), as amended, restated or replaced from time to time;Read the definition in the document →
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Security & Collateral → · All terms A–Z →