Billion Facility definition

Billion Facility shall have the meaning as set forth in Section 1.01 --------------------- of the Appendix.
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Billion Facility. (as defined in the Refinancing Agreement)) to make the interest payment (and, in the case of the October 2002 Notes (as defined in Schedule 1), to repay the principal amount) in respect of any Indebtedness set forth on Schedule I hereto on the payment date set forth with respect to such Indebtedness on such Schedule or within any applicable grace or notice period, (iv) the failure by the Obligors (as guarantors) to make the interest payment in respect of the D&O Facilities (as defined in the Appendix) (other than the Credit Agreement) on the applicable interest payment dates in October 2002 or within any applicable grace periods, and (v) any event of default under clause (e) of the Appendix solely as a result of any of the foregoing constituting a default under any other Indebtedness (collectively, the "Specified Defaults") constitute material events of default that have occurred and are continuing or are expected to occur on or before October 31, 2002.
Sample 1
Billion Facility. (as defined in the Refinancing Agreement) to make the interest payment (and, in the case of the October 2002 Notes (as defined in Schedule I), to repay the principal amount) in respect of any Indebtedness set forth on Schedule I hereto on the payment date set forth with respect to such Indebtedness on such Schedule or within any applicable grace or notice period, (vi) the failure by the Obligors (as guarantors) to make the interest payment in respect of the D&O Facilities (as defined in the Appendix) (other than the Credit Agreement) on the applicable interest payment dates in October 2002 and December 2002 or within any applicable grace periods, (vii) the failure by the Obligors to make the Waiver Consideration (as defined in each of the Waivers No. 2 dated as of September 8, 2002 entered into in connection with the 1998 D&O Credit Agreement and the New Credit Agreements Re D&O Loans (other than the Credit Agreement)) payments on the applicable dates in October 2002 and on November 29, 2002 and December 31, 2002 , (viii) the failure by Conseco Finance Corp. ("Conseco Finance") to pay when due in November 2002 or December 2002 any or all amounts payable by it in its capacity as guarantor to holders of asset-backed securities and (ix) any event of default under clause (e) of the Appendix solely as a result of any of the foregoing constituting a default under any other Indebtedness (collectively, the "Specified Defaults"), constitute material events of default that have occurred and are continuing or are expected to occur on or before December 31, 2002.
Sample 1

Examples of Billion Facility in a sentence

  • On May 6, 2010, ArcelorMittal entered into the $4 Billion Facility, a three-year revolving credit facility for general corporate purposes.

  • On May 6, 2010, ArcelorMittal entered into a $4 billion facility (now defined herein as the $2.4 Billion Facility), a syndicated revolving credit facility which may be utilized for general corporate purposes.

  • On September 30, 2011, the maturity date of the $4 Billion Facility was extended to May 6, 2015.

  • As of June 30, 2013, the $6 Billion Facility remains fully available.

  • Interest accrues on outstanding borrowings at an interest rate equal to the rate then applicable to similar loans under the $1 Billion Facility, or a successor revolving credit facility, less the sum of (i) the then applicable commitment fee under the $1 Billion Facility and (ii) 10 basis points.EQM had no borrowings outstanding on the 364-Day Facility as of March 31, 2018 and December 31, 2017.

  • For the years ended December 31, 2017, 2016 and 2015, commitment fees of $1.8 million, $1.6 million and $1.2 million, respectively, were paid to maintain credit availability under the credit facility.EQM's $1 Billion Facility contains various provisions that, if not complied with, could result in termination of the credit facility, require early payment of amounts outstanding or similar actions.

  • In addition, the $1 Billion Facility includes a sublimit up to $100 million for same-day swing line advances and a sublimit up to $150 million for letters of credit.

  • The $1 Billion Facility is available to fund working capital requirements and capital expenditures, to purchase assets, to pay distributions and repurchase units and for general partnership purposes (including purchasing assets from EQT and its subsidiaries and other third parties).

  • Financings Principal Credit Facilities On November 30, 2006, ArcelorMittal entered into the €17 Billion Facility (which is comprised of a €12 billion term loan facility and a €5 billion revolving credit facility) with a group of lenders to refinance indebtedness that Mittal Steel had incurred to finance its acquisition of Arcelor, along with Arcelor’s principal long-term debt facilities.

  • As of December 31, 2012, the $6 Billion Facility remains fully available.

Related to Billion Facility

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system, and includes any structures, equipment or other things used for that purpose;

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Common Facility Means a place where tenants utilise the same equipment such as kitchen, laundry and meeting room and or car park.

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • Production Facilities (7 9) means "production equipment" and specially designed software therefor integrated into installations for "development" or for one or more phases of "production".

  • Transportation facility means any transit, railroad,

  • Interconnection Facilities means the Transmission Owner Interconnection Facilities and the Customer Interconnection Facilities.

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Transportation Facilities means any physical facility that moves or assist in the movement of people or goods including facilities identified in OAR 660-012-0020 but excluding electricity, sewage, and water systems.

  • Common Facilities means the facilities under D.G.sets/D.G.rooms, water storage tanks its pumping and supply system, sewerage & drainage systems, electric sub-station/ transformers/electric panels/distribution network, maintenance service rooms, lawns including lighting & services etc., roads, pathways & driveways including street lighting & services etc., guard posts, fire hydrants & fire fighting system etc. and all such facilities and areas for common use and excluded from the computation of Super Area of the Said Premises;

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Detention facility means a county facility, paid for by the

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • On-site generation facility means a generation facility,

  • Distribution facilities means electric facilities located in Delaware that are owned by a public utility that operate at voltages of 34,500 volts or below and that are used to deliver electricity to Retail Electric Customers, up through and including the point of physical connection with electric facilities owned by the Retail Electric Customer.

  • Electric Facility means a Generator or an electric transmission facility.

  • Public facility means 1 or more of the following: