Applicable Facility definition

Applicable Facility means the New Vehicle Floorplan Facility or the Used Vehicle Floorplan Facility, as applicable.

Applicable Facility means the Facility specified in Clause 2.2 of this Financial Assistance Facility Agreement.

Applicable Facility means the HOT lanes in the Express Lanes Network and the general purposes lanes that operate alongside such HOT lanes.

Examples of Applicable Facility in a sentence

• During the period from the Effective Date to but excluding the Termination Date, the Borrower agrees to pay to the Administrative Agent for the account of the Lenders a facility fee equal to the daily aggregate amount of the Commitments (whether or not utilized) times a rate per annum equal to the Applicable Facility Fee.

• During the period from the Effective Date to but excluding the Revolving Termination Date, the Borrower agrees to pay to the Administrative Agent for the account of the Revolving Lenders a facility fee equal to the daily aggregate amount of the Revolving Commitments (whether or not utilized) times a rate per annum equal to the Applicable Facility Fee.

• As consideration for making the Revolving Credit available, the Borrower shall pay to the Bank a non-refundable quarterly facility fee in an amount equal to the Applicable Facility Fee Percentage times the Committed Amount.

• If the Company fails to deliver the Financials to the Administrative Agent at the time required pursuant to Section 6.1(i) or 6.1(ii), as applicable, then the adjustment to the Applicable Margin and Applicable Facility Fee Rate shall be the highest adjustment to the Applicable Margin and Applicable Facility Fee Rate set forth in the foregoing table until the fifth (5th) Business Day following the date such Financials are so delivered.

• The Applicable Margin and Applicable Facility Fee Rate shall be determined in accordance with the foregoing table based on the Debt Ratings from time to time.

More Definitions of Applicable Facility

Applicable Facility as defined in Section 4.7.

Applicable Facility means each of the Revolving Credit Facility, the New Vehicle Floorplan Facility and the Used Vehicle Floorplan Facility.

Applicable Facility has the meaning specified in Section 11.06(b).

Applicable Facility. Each of the Pool 1 Facilities, the Pool 2 Facilities and the Pool 3 Facilities, but specifically excluding the Removal Facilities.

Applicable Facility means the Revolving Facility, the Term Loan Facility and/or the Incremental Term Loan Facility, as applicable.

Applicable Facility has the meaning specified in Section 11.06(b). "Applicable Rate" means with respect to any Type of Loan, the percentages per annum set forth below, based upon the Average Availability for the immediately preceding fiscal quarter: 1.00%1.50% Term SOFR Loans 0.50% Base Rate Loans II < 50% 2.25% Level 1.25%1.75% I .75% From the FifthSeventh Amendment Effective Date through the end of the first full fiscal quarter thereafter, margins shall be determined as if Level I were applicable. Thereafter, any increase or decrease in the Applicable Rate resulting from a change in Average Availability shall become effective as of the first calendar day of each fiscal quarter. Average Availability shall be calculated by the Administrative Agent based on the Borrowing Base Certificates delivered from time to time pursuant to Section 3.02 (as the same may be adjusted in accordance with Section 3.02) and, with respect to Reserves and outstanding Loans and L/C Obligations, Administrative Agent’s records and Credit Judgment. If any Borrowing Base Certificate (including any required financial information in support thereof) of Borrowers is not received by Administrative Agent within five Business Days of the date required pursuant to Section 3.02, then the Applicable Rate shall be determined as if the Average Availability for the immediately preceding fiscal quarter is at Level II until such time as such Borrowing Base Certificate and supporting information are received. "Applicable Share" has the meaning specified in Section 11.06(b). "Applicable Time" means, with respect to any requests for Letters of Credit and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the L/C Issuer to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment. "Approved Fund" means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. "Arrangers" means (a) BofA Securities, Inc. (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this Agreement) and (b) JPMorgan Chase Bank, N.A....

Applicable Facility shall refer to each facility of Licensee for which a completed and fully signed Facility Enrollment Confirmation has been submitted to Medirisk.