Minimum Facility Amount definition

Minimum Facility Amount means the lower of (a) the then-current Financing Commitment and (b) the amount set forth in the table below. Effective Date August 29, 2019 416,613,312.50 August 29, 2019 First Amendment Date 466,606,910.00 First Amendment Date July 29, 2020 300,000,000 July 29, 2020 Last day of the Reinvestment Period 350,000,000
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Minimum Facility Amount means the lower of (a) the then-current Financing Commitment and (b) the amount set forth in the table below. Effective Date The date that is 3 months after the Effective Date 25% of Financing Commitment prior to giving effect to the Scheduled Financing Commitment Increase The date that is 3 months after the Effective Date The date that is 6 months after the Effective Date 55% of Financing Commitment prior to giving effect to the Scheduled Financing Commitment Increase The date that is 6 months after the Effective Date The date that is 9 months after the Effective Date 52.5% of Financing Commitment giving effect to the Scheduled Financing Commitment Increase The date that is 9 months after the Effective Date Last day of the Reinvestment Period 70% of Financing Commitment giving effect to the Scheduled Financing Commitment Increase
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Minimum Facility Amount has the meaning assigned to such term in the Pricing Side Letter.
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Examples of Minimum Facility Amount in a sentence

  • Further, the Unused Facility Fee and the Minimum Facility Amount Spread Maintenance Premium shall be paid quarterly in arrears, on the first day of the months of January, April, July and October, for each preceding calendar quarter.


More Definitions of Minimum Facility Amount

Minimum Facility Amount means the lower of (a) the then-current Financing Commitment and (b) (i) for the period from the Effective Date to (but excluding) August 29, 2019, $416,613,312.50 and (v) for the period from (and including) August 29, 2019 to (but excluding) the last day of the Reinvestment Period, $466,606,910.00.
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Minimum Facility Amount means $650,000,000.
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Related to Minimum 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.

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

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

  • 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.

  • 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.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • 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.

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

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

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

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

  • Available Commitment means a Lender’s Commitment minus:

  • Maximum Swingline Amount means $5,000,000.

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

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

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

  • 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 Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • 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.

  • Minimum Funding Amount means, on any date of determination, the amount set forth in the table below: The date that is six months following the Effective Date December 20, 2018 60% of the Financing Commitment December 21, 2018 March 20, 2019 65% of the Financing Commitment March 21, 2019 Day prior to the last day of the Ramp-Up Period 75% of the Financing Commitment The last day of the Ramp-Up Period The last day of the Reinvestment Period 85% of the Financing Commitment