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

  • 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.

  • 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.

  • 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%).

  • 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.

  • 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.

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

  • 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.

  • Facility Equity Analysis The CITY does not have plans to build any maintenance or operations facilities that require Title VI analysis under FTA Circular 4702.1B Chapter III Sec.

  • 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 (a) the aggregate principal amount of all outstanding Advances, plus (b) all Obligations of the Loan Parties in respect of Guaranteed Hedge Agreements, valued at the Agreement Value thereof.

  • 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 $100,000,000 as reduced from time to time pursuant to Section 2.02(e). 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 sum of the Aggregate Capital plus the LC Participation Amount.

  • 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, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments 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 is set forth in Schedule 1.1, as amended from time to time.

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

  • 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 US$830,000,000 at the date of this Agreement.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • 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, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09, (b) assignments by or to such Lender pursuant to Section 9.04 and (c) Section 2.22. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment or in the supplement to this Agreement pursuant to which such Lender shall have provided an additional Facility B Commitment in accordance with Section 2.22, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • 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.

  • Exit ABL Facility means the asset-based revolving credit facility provided for under the Exit ABL Credit Agreement.

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