Facility Financial Plan definition

Facility Financial Plan means the detailed plan for financing a Facility, prepared by the Developer and approved by TxDOT, as amended from time to time and as more particularly described in Section 8.3 of the Agreement.
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Examples of Facility Financial Plan in a sentence

  • Developer and other third parties may obtain leasehold or other real property rights (such as easements) for a Facility as set forth in an approved Facility Implementation Plan or Facility Financial Plan.

  • Developer and other third parties may obtain leasehold or other real property rights (such as easements) for Project right-of- way or portions thereof acquired for a Facility as set forth in an approved Facility Implementation Plan or Facility Financial Plan.

  • Developer or its Affiliate shall diligently pursue all activities necessary or desirable to achieve Close of Finance in accordance with the approved Facility Implementation Plan and Facility Financial Plan and shall achieve close of finance within 45 days after the date on which TxDOT issues the Facility NTP3.

  • If TxDOT concurs that all conditions required for the Close of Finance have been satisfied, including all requisite approvals under the NEPA process, negotiation of a Facility Agreement, Developer’s provision of any required security, and TxDOT approval of any terms of financing at variance from the Facility Financial Plan, TxDOT will issue to Developer a notice to proceed authorizing the Close of Finance for the Facility (“Facility NTP3”).

Related to Facility Financial Plan

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Fiscal Year means the fiscal year of the Company.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Lenders shall include each Agent in its individual capacity.

  • Commitment means, as to each Lender, its obligation to (a) make Committed Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Facility means the entire operation located on the property where the Equipment is located;

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Revolving Loan or a Swing Line Loan.

  • Interest Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Payment Date and each successive period beginning on (and including) an Interest Payment Date and ending on (but excluding) the next succeeding Interest Payment Date.

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Maturity Date shall have the meaning assigned to such term in Exhibit A.

  • Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.

  • Day means calendar day.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

  • Closing Date has the meaning set forth in Section 2.2.

  • Effective Date has the meaning set forth in the preamble.

  • Borrower as defined in the preamble hereto.

  • Applicable Time means, with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the L/C Issuer, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

  • Relevant Period means the period from the passing of this resolution until whichever is the earliest of:

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Termination Date The scheduled Agreement “termination date” shall be the last day of the month of the month of the Original Solicitation’s Anticipated Award Date plus three years. Example: If the original term is approximately three years, and the solicitation provides an anticipated award date of May 22, 2020, the expiration date of the original three-year term shall be May 31, 2023. Extensions: Any extensions of the original term shall begin on the next day after the day the original term expires. Example Following the Previous Example: If TIPS offers a one-year extension, the expiration of the extended term shall be May 31, 2024. TIPS may offer to extend Vendor Agreements to the fullest extent the original Solicitation permits.