Facility Reduction definition

Facility Reduction has the meaning specified in Section 4.07.
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Facility Reduction means each temporary or permanent reduction of the credit available to the Borrower under this Agreement, whether voluntarily made or scheduled to be made pursuant to Section 2.05 or required to be made pursuant to Section 2.06, Section 6.01 or any other provision of this Agreement or otherwise becoming effective in accordance with this Agreement.
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Facility Reduction has the meaning given to that term in paragraph (a) of Clause 6.5 (Mandatory prepayment – Debt Service Coverage Ratio).
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Examples of Facility Reduction in a sentence

  • Notwithstanding anything to the contrary contained in this Section 3.2 to the contrary, the Maximum Facility Reduction shall in no event be less than five million dollars ($5,000,000.00).

  • Rescission of $13,500,000.00 in available allotments in Project EB409C - WASA New Facility (Reduction of current allotments).

  • The Borrower shall have paid to the Administrative Agent, for the ratable account of the Lenders of the Non-Exchanged Term B Loans, (i) an aggregate principal amount equal to the Term Facility Reduction Amount with cash on hand of the Borrower plus (ii) the proceeds of the Additional Term B-1 Loans.

  • The Parties shall, acting reasonably, make such amendments as may be necessary to the Facility Reduction Schedule to reflect the increase in the Total Commitments pursuant to Clause 3.2 (Additional Commitment).

  • Lender shall make Advances to Borrower, in accordance with Section 3.2 of this Agreement, to repay Drawings under any Letter of Credit provided the aggregate amount of all such Advances outstanding at any one time shall not exceed (i) prior to the Facility Reduction Date, Five Million Dollars ($5,000,000.00), and (ii) on and after the Facility Reduction Date, Two Million Dollars ($2,000,000.00).

  • If at any time, by reason of any voluntary or mandatory Facility Reduction or for any other reason, the LC Exposure exceeds the then LC Subcommitment, the Borrower shall immediately deposit Dollars in an amount equal to such excess to the XX Xxxx Collateral Account.

  • General MACT Reduction Control Information FileSpecific Process/Pollutant MACT Reduction Control Information FileSpecific Process/Pollutant Facility Reduction Control Information File Output Point Source Inventory FilePtGrowCntl: MACRO APPLCNTLReads general MACT reduction control information file and assigns control information to emission records by MACT category.

  • Operate a computer and spreadsheet software.2. Analyze and make sound recommendations on complex financial data and operations.

  • Lender shall not be required to issue any Letter of Credit that would cause the outstanding amount of Letters of Credit after the Facility Reduction Date to exceed Two Million Dollars ($2,000,000).

  • If a repayment of the Facility or cancellation of Commitments is made pursuant to this Clause 8, the Facility Agent shall promptly provide each Lender and the Borrower with a revised Facility Reduction Schedule reflecting such repayment or cancellation.


More Definitions of Facility Reduction

Facility Reduction means each temporary or permanent reduction of the Facility, whether voluntarily made or scheduled to be made pursuant to Section 2.05 or required to be made pursuant to Section 2.06, Section 7.01 or any other provision of this Agreement or otherwise becoming effective in accordance with this Agreement.
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Facility Reduction shall have the meaning specified in Section 3(e) of this Agreement.
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Facility Reduction means, with respect to any prepayment of the Revolving Credit Obligations made at any time on or after the Amendment No. 2 Effective Date, an amount equal to, if positive, (a) the Threshold Amount in effect immediately prior to such prepayment minus (b) the Revolving Credit Obligations after giving effect to such reduction.
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Related to Facility Reduction

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • 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.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Emission Reduction Credits or “ERC(s)” means emission reductions that have been authorized by a local air pollution control district pursuant to California Division 26 Air Resources; Health and Safety Code Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Revolving Facility Termination Date means the earlier of (i) January 29, 2013, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Borrowing Base Amount means: