Facility 2 definition

Facility 2 means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

Facility 2 has the meaning set forth in Recital A above.

Facility 2 means that certain $25,000,000 revolving line of credit, secured by a cash collateral account funded in an aggregate amount equal to the amount of outstanding of any draws on the revolving line of credit and the Stated Amount of issued Letters of Credit, pursuant to the terms provided for in Section 2.1(c) hereof and in the Pledge Agreement, for the purposes of financing for working capital and other general corporate purposes and for the issuance of Letters of Credit, up to a sublimit amount for Letters of Credit of $10,000,000, required by Borrower to support its normal operations.

Examples of Facility 2 in a sentence

• For purposes of this Section 25.3.1, a facility comprised of multiple Generators is a single “facility.” Pursuant to Section 32.1.1.7 of Attachment Z to the OATT, a Small Generating Facility 2 MW or smaller may obtain CRIS without being evaluated for deliverability under the NYISO Deliverability Interconnection Standard.

• Pursuant to Section 32.1.1.7 of Attachment Z to the OATT, a Small Generating Facility 2 MW or smaller may obtain CRIS without being evaluated for deliverability under the NYISO Deliverability Interconnection Standard.

• Site Control shall mean documentation reasonably demonstrating: (1) ownership of, a leasehold interest in, or a right to develop a site for the purpose of constructing the Large Generating Facility; (2) an option to purchase or acquire a leasehold site for such purpose; or (3) an exclusivity or other business relationship between Developer and the entity having the right to sell, lease or grant Developer the right to possess or occupy a site for such purpose.

• Credit Facility 2 bears interest at the prime rate plus 2.25% and/or the bankers’ acceptance rate plus 3.25%.

• Each advance under Credit Facility 2 is repayable in equal quarterly instalments based on a seven year amortization, with the remaining outstanding principal balance due on July 6, 2021.

More Definitions of Facility 2

Facility 2 shall have the meaning given to that term in Recital B to the Participation Agreement.

Facility 2 means that certain $25,000,000 revolving line of credit, which includes a sublimit amount for Letters of Credit of $10,000,000, secured by a cash collateral account funded in an aggregate amount equal to the amount of any Revolving Loans made thereunder and the Stated Amount of issued Letters of Credit, pursuant to the terms provided for in Section 2.1(c) hereof and in the Pledge Agreement, for the purposes set forth in Section 6.8 of the Credit Agreement.

Facility 2. The Borrower shall pay to the Bank interest on the unpaid principal amount of each Revolving Loan made by the Bank to the Borrower under Facility 2 for the period commencing on the date of such Revolving Loan until such Revolving Loan shall be paid in full, at a rate per annum equal to the greater of (x) the Prime Rate plus 0.00%, and (y) 3.50%. Notwithstanding the foregoing, with regard to any advances made pursuant to Facility 2 which are not secured by cash collateral, Borrower shall pay to the Bank interest on the unpaid principal amount of each such Revolving Loan for the period commencing on the date of such Revolving Loan until such Revolving 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%.”

Facility 2 means the Station operation authorized by the grant of BPFT-20100601AEI and BLFT-20100915ABU

Facility 2 means RUB 2,630,968,000 facility agreement originally entered into by, amongst others, Fund V and Fund V Supplemental (as guarantors) on 31 October 2018 (as amended and restated from time to time);

Facility 2. The Facility located in Project 2 owned by Borrower 2, and leased by Borrower 2 to Operator 2, and subleased by Operator 2 to New Operator 2 under Sublease 2. New Operator 2: Highlands of Xxxxxx Dixieland, LLC, a Delaware limited liability company.

Facility 2 means the secured pre-settlement facility made available by the Facility 2 Lender under this Agreement as described in paragraph (a)(ii) of Clause 2.1 (The Facilities).