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

  • As a facility matures, the amount of sustaining capital required will increase.b) Credit Facility Year Ended December 31,2010 2009 % Change($000's) (audited)Use of secured Credit Facility 4,900 (4,788) 100 In December 2009, the Corporation entered into a secured credit facility with a Canadian financial institution consisting of a $35.0 million committed revolving term facility (the “credit facility”).

  • 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.

  • Average Hourly Seasonal Avoided Cost Values for Micro Hydro Facility, Year 2021 Shown (2021$) 40Figure 25.

  • Year 2Year 1Year 2 Malnutrition and Illnesses Chart KEY:Year 1CMAM Surge Approach TRENDS & SITUATION ANALYSIS Health Facility Year Seasonal Events CalendarTool 2: Trends and situational analysis: template exampleLowMediunHighPlace the completed charts on the wall, with the events/seasonal calendar on top and the malnutrition and morbidity chart below, or refer to the completed printed template (see Tool 2).

  • Reduces airborne allergens and other particulate matter Neutralizes odors and VOCs. Compliant with ASME A17.1 / CSA B44 and NFPA70 / CSA22.1 (UL Listed) Microorganism Species Facility Year Net Efficacy Viruses MS2 bacteriophage INTA, IT 2020 97.49% / 10m Influenza A (H1N1) Kitasato Research Center, JP 2011 86.6% / 1h Bacteria S.

  • 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.

  • Interest shall accrue commencing on the Closing Date at the rate of eight percent (8%) per annum.

  • Hartwig, Commissioner ATTEST:s/Linda Reimer, MMC Clerk of the Board w/AttachmentMartin Hall Juvenile Facility Year 2012 Operating Budget RESOLUTION NO.

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

  • Year 3• Partner with non-profit organization for the creation of 7 units of special and supportive needs housing.• Gain site control of the Sisters of Saint Francis Assisted Living Facility Year 4-5• Provide assistance to non-profit organization to create 7 units of special and supportive needs housing.• Apply to Highlands Council and NJDEP for all required approvals for the creation of 16 units of assisted living rooms.


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 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 means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

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

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • 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(d).

  • 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 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(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).

  • 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: II 10.0 V 17.5

  • 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, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class 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 of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.