Construction Phase Credit Facility definition

Construction Phase Credit Facility means the Letter of Credit or any replacement construction phase credit facility acceptable to the Credit Facility Provider.
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Construction Phase Credit Facility means the Initial Construction Phase Credit Facility or, prior to the Conversion Date, and also on and after the Transition Date, any Alternate Security.
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Construction Phase Credit Facility. Provider”) has agreed, pursuant to the terms and subject to the conditions of the Construction Phase Credit Reimbursement Agreement, to facilitate the financing of the Bond Mortgage Loan by providing a Construction Phase Credit Facility to Xxxxxxx Mac during the Construction Phase. The Issuer, Trustee the Construction Phase Credit Facility Provider and Xxxxxxx Mac have also entered into an Intercreditor Agreement dated as of the date of the Indenture (the “Intercreditor Agreement”) in connection with Xxxxxxx Mac’s provision of credit enhancement.
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Examples of Construction Phase Credit Facility in a sentence

  • Amounts on deposit in the Bond Proceeds Account of the Bond Mortgage Loan Fund shall be disbursed from time to time by the Trustee in accordance with Section 4.02(c) below, for the purpose of paying Costs of the Project that are approved by the Construction Phase Credit Facility Provider pursuant to the terms, conditions and provisions of the Construction Phase Credit Documents.

  • Notwithstanding any other provision of this Indenture or the other Bond Documents or the Construction Phase Credit Documents to the contrary, the Construction Phase Credit Facility Provider shall be entitled to the release and return of the Construction Phase Credit Facility on the Conversion Date.

  • This Agreement shall be binding upon and inure to the benefit of the Issuer, the Trustee, the Construction Phase Credit Facility Provider, the Servicer and Freddie Mac and their respective successors and assigns.

  • None of the Issuer, the Trustee, the Construction Phase Credit Facility Provider or Freddie Mac shall have the obligation to pay such fees from their own funds.

  • The Trustee shall, immediately upon each receipt of a completed Requisition signed by an Authorized Borrower Representative and countersigned by an Authorized Officer of the Construction Phase Credit Facility Provider, initiate procedures with the provider of a Qualified Investment to make withdrawals as necessary to fund the Requisition.

  • The countersignature of the Authorized Officer of the Construction Phase Credit Facility Provider on a Requisition shall be deemed a certification and, insofar as the Trustee is concerned, constitute conclusive evidence that all of the terms, conditions and requirements of the Construction Phase Credit Documents applicable to such disbursement have been fully satisfied or waived.

  • Improperly installed systems will create serious safety hazards to property owners, their friends, family, employees and local electric distribution company workers.

  • It is a condition to the delivery of the Credit Enhancement Agreement by Freddie Mac and the delivery of the Construction Phase Credit Facility by the Construction Phase Credit Facility Provider that the rights of the Issuer, the Trustee and Freddie Mac and the Construction Phase Credit Facility Provider to enforce remedies under the Bond Mortgage and the Reimbursement Mortgage, and the Construction Mortgage, respectively, be established between and among the parties hereto.

  • This Agreement is a legal, valid and binding obligation of the Construction Phase Credit Facility Provider enforceable against the Construction Phase Credit Facility Provider in accordance with its terms except as enforceability may be limited by bankruptcy, moratorium, insolvency and similar laws affecting creditors’ rights generally and general principles of equity.

  • All references in this Indenture to the Construction Phase Credit Facility Provider shall be of no further force or effect and shall be disregarded for all purposes of this Indenture from and after the Conversion Date.


More Definitions of Construction Phase Credit Facility

Construction Phase Credit Facility means the irrevocable direct pay letter of credit issued by the Construction Phase Credit Facility Provider on the Delivery Date for the benefit of the Trustee in the amount of the initial principal amount of the Bonds plus interest thereon for a period of 35 days at an interest rate of 12% per annum, and any replacements or renewals thereof.
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Construction Phase Credit Facility means the clean unconditional, irrevocable and transferrable, standby letter of credit to be issued by the Construction Lender for the benefit of Freddie Mac no later than [ ] in the amount of $[ ], and any replacements or renewals thereof.
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Construction Phase Credit Facility means the Initial Construction Phase Credit Facility or any Alternate Credit Facility in effect prior to the Conversion Date.
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Construction Phase Credit Facility means the irrevocable direct pay letter of credit issued by the Construction Phase Credit Facility Provider on the Closing Date for the benefit of Freddie Mac in the amount of the initial principal amount of the Bonds plus interest thereon for a period of 189 days at the interest rate on the Bonds, and any replacements or renewals thereof.
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Construction Phase Credit Facility means, collectively those irrevocable, standby letters of credit issued on the Delivery Date by the Bank and the Federal Home Loan Bank of San Francisco in favor of Freddie Mac or any replacement construction phase credit facility acceptable to the Credit Facility Provider.
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Related to Construction Phase Credit Facility

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

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

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • New Credit Facility is defined in Section 9.8.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Senior Credit Facilities means the Credit Facility under the Credit Agreement, dated as of March 29, 2007, by and among the Issuer, the Guarantors, the lenders party thereto in their capacities as lenders thereunder and Deutsche Bank AG New York Branch, as administrative agent, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof).

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Incremental Facility Agreement means an Incremental Facility Agreement among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Commitments of any Series or Incremental Revolving Commitment Increases and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.21.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Existing Facility Agreement means Existing Facility Agreement A, Existing Facility Agreement B, Existing Facility Agreement C and Existing Facility Agreement D and, in the plural, means all of them;

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Maximum Facility Output means the maximum (not nominal) net electrical power output in megawatts, specified in the Interconnection Service Agreement, after supply of any parasitic or host facility loads, that a Generation Interconnection Customer’s Customer Facility is expected to produce, provided that the specified Maximum Facility Output shall not exceed the output of the proposed Customer Facility that Transmission Provider utilized in the System Impact Study.

  • Exit Facility Agent means the agent under the Exit Facility.