Maximum Facility definition

Maximum Facility means, as of the Closing Date, an amount equal to the lesser of (i) Six Million and No/100 Dollars ($6,000,000.00), (ii) 75% of the loan-to-value ratio using an income approach of the Real Property as set forth on the most recent appraisal prepared and delivered to Lender in accordance with the terms hereof or (iii) 80% of the purchase price required to be paid by the Borrowers under the Closing Date Purchase Documents in connection with the Closing Date Acquisition.

Maximum Facility means the maximum amount which the Lender has agreed to consider as a ceiling on the outstanding principal balance of loans and other extensions of credit to be made to or for the account of the Borrower under this Agreement. The Maximum Facility shall be Fifty Million Dollars ($50,000,000.00) United States currency, unless permanently reduced at Lawson’s election pursuant to Section 2.3.

Maximum Facility means the maximum amount which the Lender has agreed to consider as a ceiling on the outstanding principal balance of loans and other extensions of credit to be made to or for the account of the Borrower under this Agreement. The Maximum Facility shall be Seventy-Five Million and no/ 100 Dollars ($75,000,000) United States currency, unless permanently reduced at Xxxxxx’x election pursuant to Section 2.3.

Examples of Maximum Facility in a sentence

• Interconnection Service shall be provided to the Interconnection Customer at the Point of Interconnection (a), in the case of interconnection of the Customer Facility of a Generation Interconnection Customer, up to the Maximum Facility Output, and (b), in the case of interconnection of the Customer Facility of a Transmission Interconnection Customer, up to the Nominal Rated Capability.

• An Interconnection Customer entering the New Services Queue on or after October 1, 2012 with a proposed new Customer Facility that has a Maximum Facility Output equal to or greater than 100 MW shall install and maintain, at its expense, phasor measurement units (PMUs).

• Pursuant to this WMPA, the Wholesale Market Participant may sell energy into PJM’s markets in an amount equal to the Participant Facility’s Maximum Facility Output indicated in Section 1.0c of the Specifications for this WMPA.

• PJM reserves the right to limit total injections to the Maximum Facility Output in the event reliability would be affected by output greater than such quantity.

• The maximum (not nominal) net electrical power output in megawatts, specified in the Interconnection Service Agreement, after supply of any parasitic or host facility loads, that a Generation Interconnection Customer’s Customer Facility is expected to produce, provided that the specified Maximum Facility Output shall not exceed the output of the proposed Customer Facility that Transmission Provider utilized in the System Impact Study.

More Definitions of Maximum Facility

Maximum Facility means ONE MILLION AND 00/100 US DOLLARS ($1,000,000.00).

Maximum Facility means the maximum amount which the Lenders have agreed to consider as a ceiling on the outstanding principal balance of the Revolving Loans to be made and Letters of Credit to be issued under this Agreement. The Maximum Facility shall be Three Hundred Twenty-Five Million Dollars ($325,000,000).

Maximum Facility contained in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety, as follows:

Maximum Facility means $10,000,000.

Maximum Facility means $4,000,000.

Maximum Facility means Five Million and 00/100 (5,000,000.00) Dollars.

Maximum Facility means Three Million Five Hundred Thousand and 00/100 Dollars ($3,500,000.00).