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).

Initial Facility Amount means two hundred and twenty-five million dollars ($225,000,000).

Examples of Initial Facility Amount in a sentence

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.
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.
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).

More Definitions of Initial Facility Amount

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.

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%.

Initial Facility Amount means $10,000,000.

Initial Facility Amount means U.S. $75,000,000.00.