Initial Facility Amount definition

Initial Facility Amount means $450,000,000.
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Initial Facility Amount means three hundred million dollars ($300,000,000.00).
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Initial Facility Amount is the aggregate of $5,000,000; provided, however, that the Initial Facility Amount shall not exceed $1,000,000 until Sponsor has obtained $350,000 of additional capital through a Regulation A offering pursuant to the Securities Act of 1933 (“Regulation A Offering”), deemed the (“First New Equity Capital”) on which date the Initial Facility Amount shall be increased to $2,500,000; provided, further that the Initial Facility Amount shall not exceed $2,500,000 until the date that (i) Sponsor has obtained, in addition to the First New Equity Capital, $3,000,000 of new equity capital satisfactory to Lender and Administrative Agent; or (ii) (x) Sponsor has registered an Regulation A Offering; and (y) Lender has received the full repayment of a Revolving Loan Advance, the funds for which repayment were obtained pursuant to a purchase made under Sponsor’s Regulation A Offering, or (z) Lender is otherwise satisfied, in its sole discretion, with the results of the Regulation A Offering.
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Examples of Initial Facility Amount in a sentence

  • For purposes of calculating the Non-use Fee, all amounts outstanding under any Swing Line Advance (but excluding any Refunded Swing Line Advance) shall be deemed to be part of the unfunded portion of the Initial Facility Amount or, if the Syndication has occurred, the then applicable Maximum Facility Amount.

  • Loan receivable - non-current (continued)The Stage 2 Further Facility Amount will only be advanced if requested by the Borrower prior to the date which is 11 calendar months from the date of the first Advance in respect of the Initial Facility Amount (Initial Drawdown Date) and the Borrower satisfies the conditions precedent to the further facility amount, including the requirement for the Mortgage to have and maintain first priority.

  • The amount of the Earnout Holdback available for disbursement as of any Determination Date shall be equal to the Maximum Loan Amount calculated on such Determination Date, minus the sum of (i) the Initial Facility Amount plus (ii) all prior Advances from the Earnout Holdback as of such Determination Date.

  • Advances under the Loan shall initially be limited to the Initial Facility Amount (which amount is comprised of the Initial Advance and the Unfunded Initial Facility).

  • Except for a non-controlling shareholding in an unlisted company, held by a subsidiary, the valuations are either provided by banks or the custodian of the investments, a reputable independent third party custodian bank.As the unlisted investment held by a subsidiary is not traded in an active market, its fair value has been determined using discounted cash flow valuation techniques.

  • The Loan must be applied to payout existing financial indebtedness owed by the Borrower on the date of the first Advance and the Project costs, and to fund associated working capital.Upon commencement of the Loan Agreement, the Initial Facility Amount will be secured by a general security deed over the assets of the Borrower.

  • The Loan must be applied to payout existing financial indebtedness owed by the Borrower on the date of the first Advance and the Project costs, and to fund associated working capital.Upon commencement of the Loan Agreement, the Initial Facility Amount was secured by a general security deed over the assets of the Borrower.

  • Loans receivable is secured through charges over assets, by guarantees, or by retention of financial advice fees.The Loan Agreement will allow the Borrower to request the Loan be advanced in tranches, with an initial facility amount of up to $6,400,000.00 (Initial Facility Amount) and a potential further facility amount of up to $2,200,000.00 (Stage 2 Further Facility Amount).


More Definitions of Initial Facility Amount

Initial Facility Amount means an amount equal to the lesser of (i) $220,000,000.00, (ii) sixty-five percent (65%) of the Appraised Value of the Property, as determined by the Appraisal obtained in connection with the closing of the Loan and (iii) an amount necessary to achieve a Debt Yield of not less than nine and one-half percent (9.5%), which amount shall be determined by dividing the In Place NOI from all of the Property in the Collateral Pool by 9.5%.
Sample 1
Initial Facility Amount means U.S. $75,000,000.00.
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Initial Facility Amount means two hundred and twenty-five million dollars ($225,000,000).
Sample 1

Related to Initial Facility Amount

  • 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.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • 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.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Total Facility has the meaning specified in Section 1.1.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Available Commitment means a Lender’s Commitment minus:

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • 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.

  • Total loan amount means the principal of the loan minus those

  • Maximum Revolving Advance Amount means $25,000,000.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Permitted Amount means, on any date, an amount equal to 3.5 times Adjusted EBITDA as of the most recent fiscal quarter for which financial statements of the Company are internally available immediately preceding such date.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.