Initial Facility definition

Initial Facility means the Initial Term Loan Facility and/or the Initial Revolving Facility, as applicable.

Initial Facility means the Initial Commitments and all Borrowings thereunder.

Initial Facility means the planned solution mining facility of the Company which is intended to initially produce 625,000 tonnes of potash per year.

Examples of Initial Facility in a sentence

• The Initial Commitments shall automatically and permanently terminate on the Closing Date upon the funding of the Loans under the Initial Facility.

• Initial – Structures with an expected use not to exceed 24 months (2 years) Construction requirements for Initial Facility Construction Level rely primarily on manufacturers’ instructions provided with Government-approved systems, Service- specific Field Manuals, and Handbooks developed for pre-packaged assemblies and equipment.

• The Borrower shall be liable to pay the Processing Fee set out in the Loan details section in respect of the Initial Facility as also the Additional Facility.

• Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, the obligations of the Lender to make Borrowings under the Initial Facility hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 9.02) at or prior to 1:00 p.m. (New York City time) on June 30, 2021 (and, in the event that such conditions are not so satisfied or waived, the Initial Commitments shall terminate at such time).

• The Borrower shall repay to the Lender the aggregate principal amount of all Loans outstanding under the Initial Facility on the Maturity Date in an amount equal to the aggregate principal amount of all Loans (together with all accrued interest thereon) outstanding on such date.

More Definitions of Initial Facility

Initial Facility means the Initial Commitments and all Borrowings thereunder. “Initial Lender” means each Person listed on Schedule 2.01.

Initial Facility means the Initial Commitments and the Initial Loans made thereunder.

Initial Facility means, collectively, the Letter of Credit issued pursuant to the Reimbursement Agreement between the Metropolitan Government and the Initial Bank and the Reimbursement Agreement between the Metropolitan Government and the Initial Bank.

Initial Facility shall have the meaning provided in the Preliminary Statements.

Initial Facility means the Initial Term Commitment and Initial Term Loans as in effect on the Closing Date.

Initial Facility means the sum of £5,000,000.

Initial Facility means the planned solution mining facility of the Corporation which will initially produce 625,000 tonnes of potash per year.