Facility 3 definition

Facility 3 means the Station operation authorized by the grant of BPFT-20100922ACE and BLFT-20110103ACO

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Facility 3 means that certain $15,000,000 revolving line of credit, secured by a cash collateral account funded in an aggregate amount equal to the amount outstanding of any draws on the revolving line 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 required by Borrower to support its normal operations.

Facility 3 means RUB 3,000,000,000 facility agreement originally entered into on 2 December 2021 (as amended and restated from time to time);

Examples of Facility 3 in a sentence

The Facility 3 Note shall bear interest and shall be repaid by the White Mountain Borrowers in the manner and at the times set forth in the Facility 3 Note.
The Agreement shall automatically terminate upon any of the following: 1) any transfer of membership in the Members’ Premises or Member Facility to a new Member, 2) removal of the Member Facility, 3) increased generator size of the Member Facility, 4) at the end of the term, or 5) upon changes in generator technologies of the Member Facility at which time the Member must enter into a new agreement based on the Cooperative’s available tariﬀs at that time.
Nothing herein is intended or shall be construed as a deemed satisfaction or waiver of any condition precedent to the funding of Credit Facility #2 or Credit Facility #3 or a waiver of any existing Defaults or Events of Default under the Credit Agreement or other Financing Documents or any of Agent’s rights and remedies in respect of such Defaults or Events of Default.
Each loan advanced under Facility #3 is a committed term loan, as detailed herein.
Facility #3 is payable in full on demand by ▇▇▇▇▇▇, and Lender may terminate the availability thereof (including any undrawn portion) at any time without notice.

More Definitions of Facility 3

Facility 3 means the committed, non-revolving credit facility established by the Facility 3 Lenders for the Borrower pursuant to section 2.01(c).

Facility 3 means the euro term loan facility granted to the Borrower as described in Clause 2.1(c) (Grant of the Facilities).

Facility 3 shall have the meaning set forth in Section 2.10 hereof.

Facility 3 means the secured commodity hedging facility made available by the Facility 3 Lender under this Agreement as described in clause Error! Reference source not found. (The Facilities);

Facility 3 is located on a 6.32 acre tract of land located on Shore Drive in the City of High Point, Guilford County, North Carolina, which is described more specifically in Exhibit C-3. Exhibit 2.4 (continued)

Facility 3 shall have the meaning ascribed thereto in Clause 1(c).

Facility 3 shall have the meaning given to that term in Recital B to the Participation Agreement.