Facility B Equipment Line definition

Facility B Equipment Line means a credit extension of up to One Million Dollars ($1,000,000).
Sample 1
Facility B Equipment Line means a credit extension of up to Five Hundred Thousand Dollars ($500,000).
Sample 1
Facility B Equipment Line means a credit extension of up to Four Million Dollars ($4,000,000).
Sample 1

Examples of Facility B Equipment Line in a sentence

  • Each Facility B Equipment Advance must be in an amount equal to the lesser of Two Hundred Fifty Thousand Dollars ($250,000) or the amount that has not yet been drawn under the Facility B Equipment Line.

  • The amendment allows the Company to draw an additional amount of up to $3,000,000 under a new and additional Facility B Equipment Line.

  • Unless otherwise agreed to by Bank, not more than twenty percent (20%) of the proceeds of the Facility B Equipment Line shall be used to finance Other Equipment.

  • Each Facility B Equipment Advance must be in an amount equal to the lesser of Two Hundred Thousand Dollars ($200,000) or the amount that has not yet been drawn under the Facility B Equipment Line.

  • The aggregate outstanding amount of Facility B Tranche A Equipment Advances and Facility B Tranche B Equipment Advances shall not exceed the Facility B Equipment Line.

  • Subject to the terms and conditions of this Agreement, during the Facility B Draw Period, Bank shall make advances (each, an “Facility B Equipment Advance” and, collectively, “Facility B Equipment Advances”) not exceeding the Facility B Equipment Line.

  • Subject to the terms and conditions of this Agreement, during the Facility B Draw Period, Bank shall make advances (each, a “Facility B Equipment Advance” and, collectively, “Facility B Equipment Advances”) not exceeding the Facility B Equipment Line.

  • CERTIFIED TO AND ATTESTED BY: X___________________________________ COMERICA BANK Member FDIC ITEMIZATION OF AMOUNT FINANCED DISBURSEMENT INSTRUCTIONS (Facility B Equipment Line ) Name(s): TCI SOLUTIONS, INC.

  • Unless otherwise agreed to by Bank, not more than twenty-five percent (25%) of the proceeds of the Facility B Equipment Line shall be used to finance Other Equipment.


More Definitions of Facility B Equipment Line

Facility B Equipment Line means a Credit Extension of up to $3,000,000.
Sample 1
Facility B Equipment Line is a Facility B Equipment Advance or Facility B Equipment Advances in an aggregate amount of up to Two Million Dollars ($2,000,000), which amount shall be increased to an aggregate amount of up to Four Million Dollars ($4,000,000) provided that (i) no Event of Default has occurred and is continuing and (ii) Borrower has been in compliance with the provisions of Section 6.7 hereof from the Second Amendment Effective Date through the July 2012 measuring period.
Sample 1

Related to Facility B Equipment Line

  • Equipment Line is an Equipment Advance or Equipment Advances in an aggregate amount of up to One Million Dollars ($1,000,000).

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Equipment Advance is defined in Section 2.1.1.

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

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

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

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

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • Facility B Commitment means, in relation to a Lender, the principal amount in relation to Facility B described as such set opposite its name in Schedule 2 or set out under the heading “Amount of Facility B Commitment Transferred” in the schedule to any relevant Transfer Certificate, in each case as (i) reduced or cancelled, or (ii) increased, in accordance with this Agreement.

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • New equipment means equipment for which, by the cut-off date, neither of the following events has occurred: