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 have the meanings 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

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

• 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.

• The review of the complete Package by the Contracting Officer shall include a determination that the proposed work: (1) is consistent with or complementary to DOE missions and the missions of the Facility; (2) will not adversely impact programs assigned to the Facility; (3) will not place the Facility in direct competition with the domestic private sector; and (4) will not create a detrimental future burden on DOE resources.

• The Company shall create written records consisting of the following: (1) an operations log summarizing the operation and maintenance activities of the Facility; (2) within the operations log, a summary of routine and Ministry inspections of the Facility; and (3) a record of any complaint alleging an Adverse Effect caused by the construction, installation, use, operation, maintenance or retirement of the Facility.

• The initial advance on Credit Facility 2 is repayable in quarterly instalments of $500,000, with the remaining outstanding principal balance due on July 6, 2018.

More Definitions of Facility 2

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

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

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 Roxxxx Xixieland, 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 clause 2.1(a)(iii) (The Facilities);