Facility Cap definition

Facility Cap shall have the meaning given the term in the Recitals of this Agreement.

Facility Cap means, at all times, Thirteen Million Dollars ($13,000,000) as such amount may be terminated or reduced from time to time in accordance with Section 9.1 of this Agreement.

Facility Cap shall have the meaning given such term in the recitals of this Agreement as subject to adjustment by Agent as provided in Section 9.1(a) hereof.

Examples of Facility Cap in a sentence

• Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.9.

• Any balance of Advances under the Revolving Facility outstanding at any time in excess of the lesser of the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred or is continuing and shall be paid in the manner specified in Section 2.6.

• Unless the Borrower elects otherwise, each Incremental Facility shall be deemed incurred first under the Available Incremental Term Loan Facility Amount to the extent permitted, with the balance incurred under the Non-Ratio Based Incremental Facility Cap.

• Any balance of Advances under the Revolving Facility outstanding at any time in excess of either the Facility Cap or the Availability shall be immediately due and payable by Borrower without the necessity of any demand, at the Payment Office.

• Borrowers may not at any time increase, reduce or otherwise adjust the Facility Cap.

More Definitions of Facility Cap

Facility Cap shall have the meaning set forth in Section 2.1 hereof.

Facility Cap means the maximum principal amount that may be outstanding hereunder which amount shall initially be $30,000,000.00, subject to such increases as may be made pursuant to Section 2.1(b).

Facility Cap has the meaning specified in Section 2.05(b)(i)(B).

Facility Cap means Ten Million and 00/100 Dollars ($10,000,000.00) as such amount may be increased from time to time as provided in Section 2.1(d).

Facility Cap means Thirty-Five Million Dollars ($35,000,000).

Facility Cap means $50,000,000.

Facility Cap means five hundred million dollars ($500,000,000).