Maximum Facility Utilisation Condition definition

Maximum Facility Utilisation Condition means, following any utilisation of Facility B, the Second Lien Facility and/or the Revolving Facility where all or any part of the proceeds of such utilisation are to be applied towards the consideration payable for any Target Shares, the total principal amount outstanding under Facility B, the Second Lien Facility and/or the Revolving Facility and applied towards the consideration payable for any Target Shares, immediately following such utilisation (and pro forma for the relevant Target Shares to be acquired with the proceeds of that Utilisation), does not exceed (A x B) where:
Maximum Facility Utilisation Condition means, following the making of an Interim Term Loan where all or any part of the proceeds of such Interim Term Loan are to be applied towards the consideration payable for any Target Shares, the total principal amount drawn under the Interim Term Facility and applied towards the consideration payable for any Target Shares immediately following the advance of such Interim Term Loan (and pro forma for the relevant Target Shares to be acquired with the proceeds of such Interim Term Loan), does not exceed A multiplied by B, where:
Maximum Facility Utilisation Condition means following any utilisation of the Additional Facility where all or any part of the proceeds of such utilisation are to be applied towards the consideration payable for any Target Shares, the total principal amount outstanding under the Additional Facility and applied towards the consideration payable for any Target Shares, immediately following such utilisation (and pro forma for the relevant Target Shares to be acquired with the proceeds of that utilisation), does not exceed (A x B) where:

More Definitions of Maximum Facility Utilisation Condition

Maximum Facility Utilisation Condition means following any drawdown of Interim Facility B where all or any part of the proceeds of such drawdown are to be applied towards the consideration payable for any Target Shares, the total principal amount outstanding under Interim Facility B and applied towards the consideration payable for any Target Shares, immediately following such drawdown (and pro forma for the relevant Target Shares to be acquired with the proceeds of that drawdown), does not exceed (A x B) where:

Related to Maximum Facility Utilisation Condition

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • 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;

  • Maximum Facility Output means 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.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Extension Conditions Defined in Section 3.06(a).

  • Facility Increase Request means the notice in the form of Exhibit H pursuant to which the Borrowers request an increase of the Maximum Commitment in accordance with Section 3.6.

  • Facility Increase has the meaning provided in Section 2.15(a).

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

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

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

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

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Utilisation means a utilisation of the Facility.

  • 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.

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

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • 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.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.