Facility Year definition

Facility Year. A period beginning on the Closing Date or any anniversary of the Closing Date, and ending on the next anniversary of the Closing Date.
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Facility Year means each period of one year commencing on the Effective Date and on each anniversary thereof.
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Facility Year means each period during the term hereof commencing on the Closing Date and each anniversary thereof and extending until the day prior to the next anniversary of the Closing Date.
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Examples of Facility Year in a sentence

  • After review of the property condition assessment, the amount of the Monthly Replacement Reserve Deposit may be adjusted by Lender for the remaining Facility Year by written notice to Borrower so that the Monthly Replacement Reserve Deposits are sufficient to fund the Replacements as and when required and/or the amount to be held in the Repairs Escrow Account may be adjusted by Lender so that the Repairs Escrow Deposit is sufficient to fund the Repairs as and when required.

  • Current Employment at the Project Facility Year 1 [Date] Year 2 [Date] Year 3 [Date] Year 4 [Date] Year 5 [Date] 5-Year Cumulative Job Target—Projected 5-Year Cumulative Job Target— Actual Projected Actual Projected Actual Projected Actual Projected Actual Projected Actual Project Jobs New Jobs* Retained Jobs Subtotal Project Jobs Other Jobs at the Project Facility Total Jobs * New Jobs in addition to the current Project Facility employment in a given year.

  • Tranche A Facility Year 1 Year 2 Year 3 Year 4 Year 5 ------ ------ ------ ------ ------ 0 $125.0 $225.0 $275.0 $375.0 II.

  • Current Employment at the Project Facility Year 1 [Date] Year 2 [Date] Year 3 [Date] Year 4 [Date] Year 5 [Date] 5-Year Cumulative Job Target—Projected 5-Year Cumulative Job Target—Actual Projected Actual Projected Actual Projected Actual Projected Actual Projected Actual Project Jobs New Jobs* Retained Jobs Subtotal Project Jobs Other Jobs at the Project Facility Total Jobs *New Jobs in addition to the current Project Facility employment in a given year.

  • Notwithstanding the foregoing, in event of the death or Disability of Employee during the term hereof, if the criteria for the payment of an Additional Bonus with respect to a New Facility with respect to which its New Facility Year terminates prior to the date of such death or Disability, Employee, or his estate, as the case may be, shall be entitled to receive a New Facility Bonus with respect to such New Facility in accordance with the terms hereof.

  • Amortization The Term Loans will amortize in equal quarterly installments in an aggregate annual amount equal to the percentage set forth below of the original principal amount of the Term Loan Facility: Year 1: 5% Year 2: 10% Year 3: 15% Year 4: 20% Year 5: 50% Maturity: The Term Loans will mature on the Maturity Date.

  • Our financial position is strong and we are confident to meet our financial targets.” FRESENIUS MEDICAL CARE AG & Co. KGaA Facility Year issued Amount in million New Rating Old Rating Fresenius Medical Care is the world’s largest integrated provider of products and services for individuals undergoing dialysis because of chronic kidney failure, a condition that affects more than 1,600,000 individuals worldwide.

  • The following table is an estimated incremental increase to depreciation and amortization for Rentech Nitrogen, excluding the Pasadena Facility: Year EndedDecember 31, 2015 (d)Reflects the elimination of transaction costs reflected in the historical financial statements.

  • Tranche B Facility Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 ------ ------ ------ ------ ------ ------ ------ 0 $4.0 $4.0 $4.0 $4.0 $4.0 $380.0 EXHIBIT B The commitments of Credit Suisse First Boston ("CSFB"), DLJ Capital ---- Funding, Inc.


More Definitions of Facility Year

Facility Year means the twelve (12) month period from the first day of the first calendar month after the Initial Effective Date to and including the last day before the first anniversary of the Initial Effective Date, and each twelve (12) month period thereafter.
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Facility Year means the 12-month period commencing on the date of ------------- this Agreement and ending on the day prior to the first anniversary hereof and each subsequent 12-month period commencing on an anniversary hereof and ending on the day prior to the next succeeding anniversary hereof.
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Facility Year means a one-year period commencing (in the case of the first Facility Year) on the Closing Date and thereafter on each anniversary of the Closing Date and ending on the day before the next such anniversary.
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Related to Facility Year

  • Service credit year means an accumulation of months of

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Service credit month means a full service credit month or an

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Loan Year With respect to any Mortgage Loan, the one year period commencing on the day succeeding the origination of such Mortgage Loan and ending on the anniversary date of such Mortgage Loan, and each annual period thereafter.

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

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

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

  • Applicable Commitment 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.

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • 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.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Grace Period Extension Date means, if:

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Facility Fee Percentage means the applicable percentage per annum ----------------------- determined, at any time, based on the range into which Borrower's Credit Rating (if any) then falls, in accordance with the following tables. Any change in the Facility Fee Percentage shall be effective immediately as of the date on which any of the rating agencies announces a change in the Borrower's Credit Rating or the date on which the Borrower has no Credit Rating, whichever is applicable. The Facility Fee Percentage during the time, from time to time, that the Borrower maintains an Investment Grade Credit Rating by either Xxxxx'x or S&P shall be as follows: Range of Borrower's Credit Rating Percentage of S&P/Moody's Ratings Maximum Credit Amount ------------------- --------------------- below BBB-/Baa3 0.00% BBB-/Baa3 0.20% BBB/Baa2 0.20% BBB+/Baa1 0.15% A-/A3 0.15% If at any time the Borrower has a Credit Rating by both Moody's and S&P which Credit Ratings are split, then: (A) if the difference between such Credit Ratings is one ratings category (e.g. Baa2 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be applicable if the highest of the Credit Ratings were used; and (B) if the difference between such Credit Ratings is two ratings category (e.g. Baa1 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be appli- cable if the median of the applicable Credit Ratings is used.

  • 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.

  • Tranche C Term Loan as defined in Section 2.1.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • Applicable Commitment Fee Rate means: