Designated Combined Facility Limits definition

Designated Combined Facility Limits means (if specified) the amount designated as the combined facility limit for the Facilities specified opposite those Facilities in column (2) of the table in Clause 2.1 (b) (Designated Combined Facility Limits) of the Facility Letter.
Sample 1
Designated Combined Facility Limits means (if specified) the amount designated as the combined facility limit for the Facilities specified opposite those Facilities in column (2) of the table in Clause 2.1(b) (Designated Combined Facility Limits) of the Facility Letter. "Designated Facility Limits" means the amount designated as the facility limit against a Facility specified opposite that Facility in column (2) of the table in Clause 2.1(a) (Designated Facility Limits and Designated Sub-limits) of the Facility Letter. "Designated Sub-limits" means (if specified) the amount as designated as the sub-limit against a Borrower in column (3) of the table set out in Clause 2.1(a) (Designated Facility Limits and Designated Sub-limits) of the Facility Letter. "Event of Default" means any event specified in Clause 11.1 and in any other Finance Document. "Facility" means each facility set out in Clause 2 (Facilities) of the Facility Letter. "Finance Document" means the Agreement, any Security Documents, any document identified as such in the Facility Letter and any other document designated as such by the Bank and any Group member from time to time. "Financial Indebtedness" means any indebtedness incurred for or in respect of: (a) monies borrowed; (b) any amount raised under any other transaction (however structured) having the commercial effect of a borrowing; and (c) the amount of any liability in respect of any guarantee or indemnity for any of the items referred to in paragraphs (a) and (b) above. "Financial Statements" means: (a) for the Parent, the audited consolidated financial statements of the Group for each of its financial years; and (b) for each Obligor other than the Parent, its audited financial statements for each of its financial years. "Group" means the Parent and its Subsidiaries. "Holding Company" means, in relation to a person, any other person in respect of which the first named person is a Subsidiary. "Increased Cost" means: (a) an additional or increased cost; (b) a reduction in the rate of return from a Facility or on the Bank's (or its Affiliate's) overall capital; or (c) a reduction of an amount due and payable under any Finance Document, which is incurred or suffered by the Bank or any of its Affiliates but only to the extent attributable to the Bank having entered into any Finance Document or funding or performing its obligations under any Finance Document. "Local Currency" means for each Facility, the currency in which the Designated Facility Limits of that Facility is den...
Sample 1

Examples of Designated Combined Facility Limits in a sentence

  • The Bank will offer each Facility to each designated Borrower specified opposite that Facility in column (3) of the table set out in Clause 2.1 (a) (Designated Facility Limits and Designated Sub-limits) subject to the Designated Facility Limits, Designated Combined Facility Limits and Designated Sub-limits (whichever is the lower).

  • If a Facility is made available in more than one currency, the Designated Facility Limits, Designated Combined Facility Limits and Designated Sub-limits will be calculated in the Local Currency for the relevant Facility and any utilisation and any proposed utilisation in other currencies will be converted into the relevant Local Currency at the Spot Rate.

  • The Bank will offer each Facility to each designated Borrower specified opposite that Facility in column (3) of the table set out in Clause 2.1(a) (Designated Facility Limits and Designated Sub-limits) subject to the Designated Facility Limits, Designated Combined Facility Limits and Designated Sub-limits (whichever is the lower).

  • Section 2.1 (b), Designated Combined Facility Limits, is hereby amended by replacing the phrase “USD25,000,000.00” and replacing it with the phrase “USD50,000,000.00”.

Related to Designated Combined Facility Limits

  • Facility Limit means $100,000,000 as reduced or increased from time to time pursuant to Section 2.02(e) or 2.02(h), as applicable. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being US$250,000,000 at the date of this Agreement.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $150,000,000.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans, and (iii) the Letter of Credit Usage.

  • 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.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Extended Commitment as defined in Section 2.26(a).

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

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.21(a).

  • Total Facility has the meaning specified in Section 1.1.