| law, contr. |
accordion facility (An accordion facility is the option, but not the obligation, for the borrower to extend the facilities or to add to the facilities without having to negotiate a new contract from the lenders. The name derives from the metaphor of an accordion as an instrument that can be stretched. – "Private Equity Demystified: An Explanatory Guide", by John Gilligan, Mike Wright  google.ru Dinkie); incremental facility (An accordion facility is the option, but not the obligation, for the borrower to extend the facilities or to add to the facilities without having to negotiate a new contract from the lenders. The name derives from the metaphor of an accordion as an instrument that can be stretched. – "Private Equity Demystified: An Explanatory Guide", by John Gilligan, Mike Wright google.ru Dinkie) |
