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.

  • Pursuant to the loan agreement, Windsor is entitled to a one-time placement fee equal to 3.5% of the Initial Facility Amount, which the Company intends to capitalize into the principal amount advanced under the facility.

  • 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 means U.S. $75,000,000.00.
Sample 1
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 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.

  • 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 B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

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

  • Available Commitment means a Lender’s Commitment minus:

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]