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

  • In order to source the funds for making the Intercompany Loan, EQM borrowed $650.0 million under its Amended $3 Billion Facility.

  • SPECIFIC PERFORMANCE BY THE CONTROLLING SHAREHOLDEROn 19 March 2012, the Company had entered into a facility agreement (“RMB1.8 Billion Facility Agreement”) with Bank of China (Hong Kong) Limited (“BOCHK”) and other financial institutions for the borrowing of RMB1,800,000,000 for 24 months (“RMB1.8 Billion Facility”).

  • Thereafter RMB1.8 Billion Facility Agreement and RMB900 Million Facility Agreement collectively referred to “Facility Agreements” and RMB1.8 Billion Facility and RMB900 Million Facility are collectively referred to “Facilities”.Pursuant to the Facility Agreements, it will be an event of default if CNHTC is no longer the beneficial owner (directly or indirectly) of more than 50% of the entire issued share capital of the Company.

  • The Company had drawn $3.0 billion against the new $8.5 Billion Facility.

  • The Company had drawn $620 million against the new $6.0 Billion Facility.

  • Thereafter RMB1.8 Billion Facility Agreement, RMB900 Million Facility Agreement and RMB1 Billion Facility Agreement collectively referred to “Facility Agreements” and RMB1.8 Billion Facility, RMB900 Million Facility and RMB1 Billion Facility are collectively referred to “Facilities”.

  • 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.

  • Outgoing requests 1.1 Total number of requests: Total number of requests to take back and to take charge 1.2 Total number of taking charge requests The number of taking charge requests split in three categories based on the Dublin Regulation:1.2.1 Family reasons (Art.

  • As of June 30, 2009, ArcelorMittal’s cash and cash equivalents, including restricted cash and short-term investments, amounted to $7.3 billion (of which $3.4 billion will be used to prepay amounts outstanding under the Company’s €17 Billion Facility, as described below), as compared to $7.6 billion as of December 31, 2008.

  • On 21 February 2014, the Company had entered into a facility agreement (“RMB1 Billion Facility Agreement”) with BOCHK and other financial institutions for the borrowing of RMB1,000,000,000 for 36 months (“RMB1 Billion Facility”).

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.

  • Cannabis cultivation facility means a person that:

  • Marijuana cultivation facility means an entity licensed to cultivate, prepare, and package marijuana and sell marijuana to retail marijuana stores, to marijuana product manufacturing facilities, and to other marijuana cultivation facilities, but not to consumers.

  • 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".

  • Destination facility means a facility that treats, disposes of, or recycles a particular category of universal waste, except those management activities described in subparagraphs (a) and (c) of sections 273.13 and 273.33. A facility at which a particular category of universal waste is only accumulated, is not a destination facility for purposes of managing that category of universal waste.

  • Air navigation facility means any facility, other than one owned and operated by the United States, used in, available for use in, or designed for use in aid of air navigation, including any structures, mechanisms, lights, beacons, markers, communicating systems, or other instrumentalities or devices used or useful as an aid, or constituting an advantage or convenience to the safe taking off, navigation, and landing of aircraft, or the safe and efficient operation or maintenance of an airport, and any combination of any or all of such facilities.

  • Transportation facility means any transit, railroad,

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

  • Facility Site means the site described in Schedule B. “FERC” means the Federal Energy Regulatory Commission.

  • 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

  • Customer Interconnection Facilities means all facilities and equipment owned and/or controlled, operated and maintained by Interconnection Customer on Interconnection Customer’s side of the Point of Interconnection identified in the appropriate appendices to the Interconnection Service Agreement and to the Interconnection Construction Service Agreement, including any modifications, additions, or upgrades made to such facilities and equipment, that are necessary to physically and electrically interconnect the Customer Facility with the Transmission System.

  • Distributed generation facility means a facility owned and operated by a member of the Cooperative for the production of electrical energy that:

  • 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 those facilities by and through which electricity is received from a transmission services provider and distributed to the customer and that are controlled or operated by a distribution services provider.

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

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • Public facility means 1 or more of the following:

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.