Committed Facility definition

Committed Facility means, at any time, the aggregate amount of the Banks' LC Commitment Amounts at such time.
Committed Facility means, at any time, the aggregate amount of the Lenders' Commitments at such time.
Committed Facility means any facility that is expressly identified as being committed facility in Clause 2(a) of the Facility Letter.

Examples of Committed Facility in a sentence

  • Each Fund entered into a financing package that includes a Committed Facility Agreement (the “Agreement”) dated January 16, 2009, as amended, between each Fund and BNP Paribas Prime Brokerage, Inc.

  • In connection with the Committed Facility, the Company has incurred debt issuance costs which are amortized over the term of the Committed Facility.

  • In addition and in such circumstances, the Bank may declare that any amount outstanding under and in relation to any Committed Facility (whether principal, interest or otherwise) be immediately payable on demand.

  • Committed Facility On November 3, 2017, the Company and two affiliates, as borrowers, and Virtu, as guarantor, entered into a credit facility (the "Committed Facility”) with a consortium of banks with an aggregated borrowing limit of$500 million.

  • Borrowings under Borrowing Base A of the Committed Facility bear interest, at the borrower's option, at a rate based on the greater of (1) federal funds rate, and (2) the LIBOR, plus 1.25%.


More Definitions of Committed Facility

Committed Facility means a credit facility under which Guarantor is a borrower and a party acceptable to the Lender is lender, whereby (i) the lender thereunder is unconditionally committed to make advances to Guarantor upon request by Guarantor (other than any conditions acceptable to Lender); (ii) no event of default (or event which with notice or the passage of time, or both, would constitute an event of default) has occurred thereunder; and (iii) the period where such advances may be requested expires more than ninety (90) days from the date of determination.
Committed Facility means the unconditional and irrevocable USD 30,000,000 subordinated loan facility committed by Eramet SA and Mineral Deposits Limited and underwritten by Eramet SA as further set out in Clause 8.3.”
Committed Facility is defined in Section 3.
Committed Facility means any revolving or similar financing facility under which the borrower party thereto may incur Indebtedness up to an aggregate principal amount at any one time outstanding specified therein upon such borrower's request and subject only to such conditions as are normally included in committed financing arrangements;
Committed Facility means any facility that is expressly
Committed Facility means the revolving credit facilities established under a credit agreement made as of December 21, 2011 among the Partnership, AES, HSBC and HSBC Bank USA, National Association pursuant to which the Partnership obtained a senior secured credit facility in an aggregate principal amount of CDN$70,000,000 and AES obtained a senior secured credit facility in an aggregate principal amount of US$50,000,000;