Facility definition

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.

Facility means the Term Facility or the Revolving Credit Facility, as the context may require.

Facility means the entire operation located on the property where the Equipment is located;

Examples of Facility in a sentence

• The Aggregate Repurchase Price of Purchased Loans subject to outstanding Transactions shall not at any time exceed the Facility Amount.

• Both Cedar’s and the WHLR REIT Guarantor’s treasury management business shall remain at KeyBank while the Facility is outstanding.

• The Seagirt Marine Terminal became operational as a state-of-the-art containerized-cargo marine terminal in 1990, with an adjacent Intermodal Container Transfer Facility (the “ICTF”) rail yard that became operational in 1989.

• Any provision of the Trust Agreement requiring the consent or direction of any Credit Bank shall be of no force and effect during any period in which any Credit Facility Default with respect to such Credit Bank shall be continuing.

• Should the OP Xxxxxxxx prepay a portion of the Facility, the WHLR REIT Guarantor may direct KeyBank to move excess cash to an account of the company’s choosing provided the Guaranty Collateral Account Covenant described below remains satisfied.

More Definitions of Facility

Facility means the term loan facility made available under this Agreement as described in Clause 2 (The Facility).

Facility each of (a) the Term Commitments and the Term Loans made thereunder (the “Term Facility”) and (b) the Revolving Commitments and the extensions of credit made thereunder (the “Revolving Facility”).

Facility shall have the meaning set forth in the Recitals.

Facility means a single premise that, in general, consists of a contiguous tract of land separated by nothing more than a street, alley, or railroad right-of-way, where all buildings and/or energy-consuming devices are owned by a single Customer.

Facility means property improvements completed or in the process of construction which together comprise an integral whole.

Facility means a Class of Term Loans or a Revolving Credit Facility, as the context may require.

Facility as used in this clause, means any building, plant, installation, structure, mine, vessel or other floating craft, location, or site of operations, owned, leased, or supervised, by a Contractor or Subcontractor, sued in the performance of a contract or subcontract. When a location or site of operations includes more than one building, plant, installation, or structure, the entire location or site shall be deemed a facility except when the Administrator, or a designee of the Environmental Protection Agency, determines that independent facilities are co-located in one geographical area.