Facility Extension definition

Facility Extension has the meaning assigned to such term in Section 2.17(a).
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Facility Extension has the meaning specified in Section 2.18 (Facility Extension).
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Facility Extension means the exercising by the Account Party of the option to increase the Total Commitments of the Facility by up to $90,000,000 in accordance with clause 7 (Extension of the Facility);
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Examples of Facility Extension in a sentence

  • On the Facility Extension Effective Date, Borrower shall prepay any Loans outstanding on such date (together with all accrued interest thereon and any additional amounts required pursuant to Section 4.05) to the extent necessary to keep outstanding Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

  • If the Administrative Agent determines that the conditions to extension have been satisfied, other than payment of the Revolving Facility Extension Fee, the Administrative Agent shall so notify the Borrower and the Lenders and upon the Administrative Agent’s receipt of the Revolving Facility Extension Fee not later than five (5) days prior to the Revolving Facility Initial Maturity Date, the term of the Revolving Facility shall be extended until the Revolving Facility Extended Maturity Date.

  • Within thirty (30) days following receipt by the Administrative Agent of the Borrower’s written notice under Section 2.2.1(b) requesting the respective extension accompanied by those of the items described above which are then available, the Administrative Agent shall notify the Borrower in writing if all of the conditions precedent to the extension, other than payment of the Revolving Facility Extension Fee, have been satisfied, or if further information, certificates or work are required.

  • The Borrower shall pay to the Administrative Agent, in connection with the extension of the Revolving Credit Facility, a Facility extension fee (an “Extension Fee”) on the Facility Extension Date, for the account of each Revolving Credit Lender, in an amount equal to 0.15% of such Revolving Credit Lender’s Revolving Credit Commitment then outstanding (whether funded or unfunded).

  • In particular, pursuant to the DIP Facility Extension Orders, the Debtors agreed that upon the sale of the Klopman Assets (as discussed further below in Section VI.F hereof) for no less than € 22,300,000, the Net Proceeds would be repatriated to the Debtors, and the Debtors would apply such repatriated funds in accordance with the terms of the DIP Facility, as modified.

  • Without limitation to the foregoing, Buyer and Seller hereby expressly acknowledge and agree that, for purposes of clause (ii) of the definition of Facility Amount in the Repurchase Agreement, Seller shall not be deemed to have exercised its first Facility Extension Option as of the date hereof.

  • As noted above in Section V.C.2, pursuant to the DIP Facility Extension Orders, the Debtors agreed to apply other repatriated funds therefrom in accordance with the terms of the DIP Facility and to escrow certain of the repatriated funds from the Klopman Sale.

  • As of the Facility Extension Date, any and all references in this Agreement, the Notes, if any, or any of the other Loan Documents to the “Maturity Date” in respect of the Revolving Credit Facility shall refer to the Initial RC Maturity Date as so extended.

  • As of the First Facility Extension Date, any and all references in this Agreement, the Notes, if any, or any of the other Loan Documents to the “Maturity Date” in respect of the Revolving Credit Facility shall refer to the First Extended RC Maturity Date.

  • Notwithstanding anything to the contrary, any Facility Extension Option exercised or deemed exercised prior to the date hereof, including, without limitation, any exercise or deemed exercise of a Facility Extension Option as of April 22, 2019, is hereby reinstated such that Seller shall have Facility Extension Options for up to five (5) successive one (1) year periods commencing on the Initial Facility Termination Date (as such term is amended and restated by this Amendment).


More Definitions of Facility Extension

Facility Extension means the exercising by the Account Party of the option to increase the Total Commitments of the Facility by up to the Facility Extension Amount in accordance with clause 7 (Extension of the Facility);
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Facility Extension is defined in Section 2.12.
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Related to Facility Extension

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

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • 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.

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

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Non-Extended Facility has the meaning assigned to such term in Section 3.6(d).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Revolver Extension Series has the meaning set forth in Section 2.16(b).

  • Line Extension means the provision of facilities (including, but not limited to, poles, fixtures, wires, and appurtenances) necessary for delivering electrical energy from the point of origin to one or more of the customer's points of delivery. Facilities provided by the Company to maintain, protect, upgrade, or improve its overall distribution system (even if necessary due to a customer's load addition) are not considered part of a line extension.

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

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

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

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

  • Initial Revolving Facility means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any New Term Loans which shall be consistent with the applicable provisions of this Agreement relating to New Term Loans otherwise satisfactory to the Agent and the Borrower.

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

  • Extension Term means the time period defined in §2.C.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Revolver means a short firearm having a cylinder of several chambers that are brought successively into line with the barrel to be discharged, designed to be aimed and fired by the use of a single hand.