Facility Size definition

Facility Size. With respect to any credit facility on any date of determination, the maximum aggregate principal amount of indebtedness for borrowed money that is or, in accordance with commitments to extend additional credit, may become outstanding under the term loan agreement, revolving loan agreement or other similar credit agreement that governs such credit facility; provided that, for this purpose, such aggregate principal amount shall include deposits and reimbursement obligations arising from drawings pursuant to letters of credit and other similar instruments.

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Facility Size means, with respect to any Broadly Syndicated Loan Asset, the tranche currently held or contemplated for purchase by the Borrower; provided, that (i) to the extent, there are multiple pari passu tranches issued by an Obligor, such other tranches shall be included in the calculation of “Facility Size” if and to the extent that the related Loan Agreement provides that (x) such tranches are governed by the same material terms, and (y) each of such tranches are each widely distributed, and (ii) the calculation of “Facility Size” hereunder shall include any last out component (but not any second lien component) relating thereto.

Facility Size has the meaning assigned in Section 2 of Appendix A.

Examples of Facility Size in a sentence

• To the extent that Seller has constructed the Facility in accordance with Good Utility Practice, and met all other requirements under Section 3.4(b) of this Agreement, if the Independent Engineer’s certification provides that the Actual Facility Size exceeds the Proposed Facility Size as provided in Exhibit A, the Buyer’s Percentage Entitlement will be recalculated and replaced by the percentage derived by dividing the Contract Maximum Amount by the Actual Facility Size.

• Within thirty (30) days after the Commercial Operation Date and after the delivery of each Additional Construction Certificate, as applicable, Seller shall provide Buyer with an updated version of Exhibit A and Exhibit E solely to reflect the Actual Facility Size, the serial number of each turbine included in the Facility, and the Related Transmission Facilities, each as built and configured as of the Commercial Operation Date.

• If there is an Accordion Facility Shortfall relating to the Proposed Facility Size set out in the Accordion Facility Proposal, the Corporate Guarantor shall invite each Participating Lender under the Accordion Facility Proposal to increase the proposed Accordion Facility Commitment offered by it in respect of the Accordion Facility proposed in the Accordion Facility Proposal by an amount no greater than that Accordion Facility Shortfall.

• To the extent that Seller has constructed the Facility in accordance with Good Utility Practice, and met all other requirements under Section 3.4(b) of this Agreement, if the Independent Engineer’s certification provides that the Actual Facility Size exceeds the Expected Nameplate Capacity as provided in Exhibit A, the Buyer’s Percentage Entitlement will be recalculated and replaced by the percentage derived by dividing the Contract Maximum Amount by the Actual Facility Size.

• The EDC and its representatives shall have the right, but not the obligation, during business hours, upon reasonable notice to Customer, to visit and view the Facility site including, but not limited to, the purposes of verifying compliance with the Facility’s description as provided in the Cover Sheet, and final Facility Size as of its In-Service Date.

• The final Facility Size shall be based on the Facility’s as-built configuration as noted in the Approval to Energize letter issued by the EDC.

• Customer shall provide notice to the EDC of the In-Service Date and final Facility Size within ten (10) Business Days of the commencement of energy production.

• However, the Final Facility Size shall then be limited to the historical load provisions as outlined in the Program Rules and as applicable to the Project, and the Project will only be eligible to receive compensation for the energy and RECs that are generated once the In-Service Date occurs.

• Upon Seller giving the notice to proceed with the construction of the Facility and again within thirty (30) days after the Commercial Operation Date, or the delivery of the Additional Construction IE Certificate, as applicable, Seller shall provide Buyer with updated versions of Exhibit A to reflect the as-built Facility, including the Actual Facility Size.

• Facilities shall be constructed substantially as described in the Tariff Terms Agreement and shall also be subject to the provisions outlined in the Facility Size section herein.

More Definitions of Facility Size

Facility Size means an amount equal to the Program Size plus the Overcollateralization Amount. On the Initial Closing Date, the Facility Size shall be equal to the Program Size.

Facility Size means the Facility’s installed DC capacity.

Facility Size means the Facility’s installed AC capacity.

Facility Size. With respect to any credit facility on any date of determination, the maximum aggregate principal amount of indebtedness for borrowed money that is or, in accordance with commitments to extend additional credit, may become outstanding under the term Loan agreement, revolving Loan agreement or other similar credit agreement that governs such credit facility; provided that, for this purpose, such aggregate principal amount shall include deposits and reimbursement obligations arising from drawings pursuant to letters of credit and other similar instruments. "Fallback Rate": The rate (other than Libor) selected by the Collateral Manager (and notified to the Collateral Trustee, the Calculation Agent and the Collateral Administrator) which is the sum of (1) either (x) the quarterly-pay rate associated with the reference rate applicable to the largest percentage of the Floating Rate Obligations (disregarding Floating Rate Obligations indexed to the quarterly-pay rate associated with the then-current Reference Rate) (as determined by the Collateral Manager as of the applicable Interest Determination Date), (y) the quarterly-pay rate being used by at least 50% of the floating rate notes priced or closed in new-issue or refinancing collateralized loan obligation transactions within the past three months or (z) any quarterly pay rate acknowledged as a standard replacement in the leveraged loan market for leveraged loans by the Relevant Governmental Body and (2) a modifier, determined by the Collateral Manager in its sole discretion, applied to such unadjusted rate to the extent necessary to cause such rate to be comparable to the then-current Reference Rate, which modifier is recognized or acknowledged as being the industry standard by the Alternative Reference Rates Committee or

Facility Size. Up to $200 million, subject to due diligence. The collection of Receivables will be used to repay the Program.