Equipment Facility definition
Examples of Equipment Facility in a sentence
Lender shall have received copies of the Operating Leases, each Operating Lease Guaranty and the Gaming Equipment Facility Agreements, which shall be reasonably satisfactory in form and substance to Lender.
This Agreement shall become effective on the Closing Date ---- and, subject to Section 12.7, shall continue in full force and effect for a term ending on the Equipment Facility Maturity Date.
Borrower shall maintain, as of the last day of each --------- calendar month, except for the months ending January 31, February 28 and March 31 of 1997, a ratio of (a) the sum of cash and cash equivalents to (b) the aggregate outstanding amount of all Advances under the Equipment Facility of at least 1.50 to 1.00.
Such fixed rate option, once elected, shall continue for the term of the Equipment Facility.
All amounts outstanding under the Equipment Facility shall be paid in full on the Equipment Facility Maturity Date.