Facility Equity definition

Facility Equity is defined in Section 8.5.
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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.
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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.
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Examples of Facility Equity in a sentence

  • 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%).

  • 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.

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

  • 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.

  • No expenses of the Seller Entities, relating in any way to the purchase and sale of the First Territory Business, the Transferred Assets or the New Facility Equity Interests hereunder and the transactions contemplated hereby, including without limitation legal, accounting or other professional expenses, shall in any way be charged to or paid by Buyer, or accrued by or reflected in any account of the Seller Entities as of the First Closing being assumed by Buyer as an Assumed Liability.

  • Notwithstanding anything to the contrary contained herein, no further approval of the Board of Managers, any Member or any other Person shall be required with respect to the foregoing issuance and Schedule 3.1(a) shall, immediately after giving effect to the DIP Put Option Premium, the DIP Exit Premium, and the Exit Facility Equity Issuances‌ (each as defined in the Plan), reflect the outstanding Membership Interests set forth on Schedule 3.1(a)(ii).

  • For purposes of this section, "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.

  • 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 30 percent.


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.
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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.