Facility Equity definition

Facility Equity is defined in Section 8.5.
Sample 1Sample 2Sample 3
Facility Equity means the aggregate amount, as of the Commercial Operation Date, of equity investment in the Facility by any owner, investor, or other party, including, but not limited to, tax equity investors. The phrase “percentage of Facility Equity” means the ratio, expressed as a percentage, of the Facility Equity to the sum of (a) all indebtedness outstanding to third parties and (b) the amount of Facility Equity. No indebtedness relating to the Default Security described in Section 8 shall be included in the indebtedness described in clause (a) above.
Sample 1Sample 2Sample 3
Facility Equity means (a) the sum of (i) the aggregate Loan Value of all Mortgage Loans pledged as Collateral, plus (ii) all cash and cash equivalents of Borrower plus (iii) the fair market value of any nonliquid assets accepted by Lender in its sole discretion as part of Facility Equity (such fair market value determination to be made by Lender in its sole discretion) less (b) the aggregate unpaid principal balance of the Advances.
Sample 1Sample 2

Examples of Facility Equity in a sentence

  • Annually on March 1st, commencing after the Commercial Operation Date, Seller shall provide to PacifiCorp a certificate of Seller's Chief Financial Officer attesting to the maintenance of such Facility Equity percentage and the Facility's then-current Book Value.

  • The phrases “percentage of Facility Equity” or “Facility Equity percentage” means the ratio, expressed as a percentage, of the Facility Equity to the sum of (x) all indebtedness outstanding to third parties and (y) the amount of Facility Equity.

  • Seller shall at all times during the Term, following the Commercial Operation Date, maintain the percentage of Facility Equity (as defined below) at no less than thirty percent (30%).

  • Without limiting the foregoing, Xxxxxx agrees to cause the contribution of Facility Equity whenever such contribution is required under Seller's and Seller's Affiliates agreements with Lenders.

  • Each lender under the First Lien Exit Facility, in consideration for the aggregate purchase price paid by such lender pursuant to the Rights Offering and the Backstop Agreement, as applicable, shall receive (a) loans under the First Lien Exit Facility in an aggregate principal amount equal to such purchase price, and (b) its Pro Rata share (measured by reference to such purchase price in relation to $15 million) of the New First Lien Exit Facility Equity.

  • The phrase “percentage of Facility Equity” means the ratio, expressed as a percentage, of the Facility Equity to the sum of (a) all indebtedness outstanding to third parties and (b) the amount of Facility Equity.

  • If requested by PacifiCorp from time to time, Seller shall within thirty (30) days provide PacifiCorp with copies of its most recent annual financial statements, which shall include the percentage of Facility Equity.

  • The New Equity, including the New First Lien Exit Facility Equity, the First Lien Exit Facility Put Option Premium, and options, or other equity awards, if any, reserved under the Management Incentive Plan, shall be authorized on the Effective Date without the need for any further corporate action and without any further action by the Debtors, the Reorganized Debtors, or Holders of Claims or Interests.

  • On the Effective Date, the Reorganized Debtor (or its agent or designee) shall distribute (i) the Prepetition Credit Facility Equity Distribution to the holders of the Prepetition Credit Facility Claims, (ii) the Shareholder Equity Distribution to the holders of Equity Interests, and (iii) the New Eagle Equity Warrants to the holders of Equity Interests.

  • Commissioner Infante-Green went on to report that the District Support Program announcement follows the launch of the Facility Equity Initiative pilot program that was announced a few weeks ago.


More Definitions of Facility Equity

Facility Equity means the aggregate amount, from time to time, of equity investment of the Seller in the Facility, whether such investment is in the form of capital contributions, tax equity contributions, cash, intangibles or other property or assets as set forth on the Seller’s balance sheet prepared in accordance with GAAP. The phrase “percentage of Facility Equity” shall mean the ratio, expressed as a percentage, of the Facility Equity to the sum of (x) all indebtedness described in clauses (i) – (iv) of paragraph (bb) of the definition of “Special Purpose Entity,” (and which is required to be set forth on a balance sheet in accordance with GAAP) and (y) the amount of Facility Equity.
Sample 1

Related to Facility Equity

  • Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.

  • Leveraged Exposure means a leveraged long exposure to the Reference Asset.

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

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Facility Limit means, $175,000,000, as reduced or increased from time to time pursuant to the terms hereof. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

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

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Equity Percentage means the aggregate ownership percentage of Borrower in each Unconsolidated Affiliate, which shall be calculated as the greater of (a) Borrower’s nominal capital ownership interest in the Unconsolidated Affiliate as set forth in the Unconsolidated Affiliate’s organizational documents, and (b) Borrower’s economic ownership interest in the Unconsolidated Affiliate, reflecting Borrower’s share of income and expenses of the Unconsolidated Affiliate.

  • 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.

  • Commitment Percentage means, as to any Lender at any time, the ratio of (a) the amount of the Commitment of such Lender to (b) the Aggregate Commitment of all of the Lenders.

  • Facility or Facilities means any tangible asset in the right-of-way required to provide utility service.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Investment Percentage means a percentage established for each Partner on the Partnership’s books as of the first day of each Fiscal Period. The Investment Percentage of a Partner for a Fiscal Period will be determined by dividing the balance of the Partner’s Capital Account as of the commencement of the Fiscal Period by the sum of the Capital Accounts of all of the Partners as of the commencement of the Fiscal Period. The sum of the Investment Percentages of all Partners for each Fiscal Period will equal 100%.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • New Credit Facility is defined in Section 9.8.

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).