Financing of Facilities Sample Clauses

Financing of Facilities. Intrepid shall be responsible for obtaining any financing necessary for the Facilities. This financing may take a variety of forms including tax exempt bonds, for which Intrepid and/or other third Parties shall be solely responsible. Intrepid shall pay for the Facilities, and Intrepid or its assigns will have all ownership rights of the Facilities and its Equipment.
Sample 1
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Financing of Facilities. Subject to the limitations imposed under state or federal law, the Department shall have the power to finance the acquisition, construction and maintenance of capital facilities and improvements by such means and by such methods as the Board shall determine to be in the best interest of the Department. Such means and methods may include any financing vehicle or mechanism designed to achieve the lowest possible rate of interest for the Department for the issuance of such obligations, the interest on which is excludable from the gross income of the owners thereof for the purposes of federal and/or State of Utah income taxation, including, without limitation, any lease/purchase arrangements pursuant to which the Department may enter into annual renewable release agreements subject to annual appropriation by the Board, the interest component with respect to which is excludable from gross income for federal and/or State of Utah income tax purposes. Any such lease/purchase arrangements may include the issuance by the lessor of such capital improvements or certificates of participation representing undivided fractionalized ownership in any lease payments to be made pursuant to the lease agreement.
Sample 1

Related to Financing of Facilities

  • The Credit Facilities Section 2.1 The Revolving Credit Facility.

  • The Credit Facility 2.1 The Revolving Credit Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Borrower (each such loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with the principal amount of Term Loans outstanding in favor of such Lender at such time, the amount set forth next to such Lender’s name on Schedule 1 (such amount together with the Lender’s Pro Rata Share of the Term Commitment, as the same may be reduced under Section 2.10 or as a result of one or more assignments under Section 10.8, the Lender’s “Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans shall not at any time exceed the combined Commitments; and provided further that the Effective Amount of the Revolving Loans, together with all Term Loans outstanding at such time, of any Lender shall not at any time exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, prepay under Section 3.3 and reborrow under this Section 2.1.

  • The Credit Agreement (b) The Notes executed by the Borrower and delivered on the date hereof. The documents described in the foregoing clauses (a) and (b) are collectively referred to herein as the “Opinion Documents.” We have also reviewed originals or copies of such other agreements and documents as we have deemed necessary as a basis for the opinion expressed below. In our review of the Opinion Documents and other documents, we have assumed:

  • Conditions Precedent to Loans and Letters of Credit 57 Section 3.1. Conditions to Effectiveness 57 Section 3.2. Conditions to Each Credit Event 60 Section 3.3. Delivery of Documents 60

  • Conditions Precedent to All Advances and Letters of Credit The Lender’s obligation to make each Advance or to cause the issuance of a Letter of Credit shall be subject to the further conditions precedent that:

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date (as defined below):

  • Amendment of Credit Agreement The Credit Agreement is hereby amended as follows:

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