Facility 1 definition

Facility 1 means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

Facility 1 has the meaning set forth in Recital A above.

Facility 1 means that certain $30,000,000 line of credit facility, consisting of revolving Tranche A and non-revolving Tranche B, for the purposes of financing for working capital and other general corporate purposes and to payoff and terminate the Existing Credit Facility.

Examples of Facility 1 in a sentence

• No Security expressed to be created under this Deed is liable to be avoided, or otherwise set aside, on the liquidation or administration of the Chargor or otherwise.

• The interest rate charged on borrowings from Facility #1 ranges from 0.35% to 0.75% per annum over the bank base rate.

• Lessee may use the Facility 1 Property for office, research and development, warehouse and manufacturing purposes, and for any other purpose which is in compliance with applicable zoning laws and ordinances for the Facility 1 Property.

• Upon reasonable prior notice to Lessee, Lessor, its employees and agents, may from time to time (whether before or after the commencement of a nonjudicial or judicial foreclosure proceeding), enter and inspect the Facility 1 Property for the purpose of determining the existence, location, nature and magnitude of any past or present release or threatened release of any Hazardous Materials into, onto, beneath or from the Facility 1 Property.

• Lessee hereby waives the provisions of California Civil Code Sections 1932(1), 1932(2) and 1933(4), and any and all other applicable existing or future Governmental Rules permitting the termination of this Agreement as a result of any Casualty or Condemnation, and Lessor shall in no event be answerable or accountable for any risk of loss of or decrease in the enjoyment and beneficial use of the Facility 1 Property as a result of any such event.

More Definitions of Facility 1

Facility 1. The Borrower shall pay to the Bank interest on the Term Loan for the period commencing on the date of the Fourth Amendment until the Term Loan shall be paid in full, at a rate per annum equal to the greater of (x) the Prime Rate plus 2.85%, and (y) 6.00%. Any change in the interest rate resulting from a change in the Prime Rate shall be effective as of the opening of business on the day on which such change in the Prime Rate becomes effective.”

Facility 1 means RUB 2,309,758,500 facility agreement originally entered into by, amongst others, Fund V (as guarantor) on 19 November 2018 (as amended and restated from time to time);

Facility 1 means the Station operation authorized by the grant of BPFT-20100211AAT and BLFT-20100524AFC

Facility 1 means, prior to the date of the Fourth Amendment, that certain revolving line of credit facility described in Recital A of the Fourth Amendment and, from and after the date of the Fourth Amendment, that certain term loan, in the original principal amount of $22,700,649.31 made pursuant to the Facility 1 Note.

Facility 1 shall have the meaning given to that term in Recital B to the Participation Agreement.

Facility 1 means the uncommitted borrowing base secured working capital facility made available under this Agreement as described in clauses 2.1(a)(i) and 2.1(a)(ii) (The Facilities) which comprises of Facility 1A and Facility 1B collectively (or, as the context may require, Facility 1A or Facility 1B);

Facility 1. As defined in the Preamble.