NLC Facility definition

NLC Facility means the dedicated warehouse facility called the “National Logistics Center” and located at 10000 Xxxxxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxxxx, XX, 00000.

NLC Facility means the dedicated warehouse facility called the “National Logistics Center” and located at 11403 Bluegrass Parkway, Suite 400, Louisville, KY, 40299.

NLC Facility means the dedicated warehouse facility called the “National Logistics Center” and located at 00000 Xxxxxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxxxx, XX, 00000. “NLC Inventory” means Inventory of the Omega Entities and the Beta Entities maintained and stored at the NLC Facility; provided, that the NLC Inventory shall not include any Inventory held at the pharmacy store located at the same address as the NLC Facility. “NOLV” or “Net Orderly Liquidation Value” means the orderly liquidation value (net of all liquidation expenses, costs of sale, commissions, operating expenses and retrieval and related costs) of Inventory, as determined pursuant to the most recent third-party appraisal of such Inventory delivered to the Administrative Agent pursuant to Section 6.02(g) by an appraiser reasonably satisfactory to the Administrative Agent, and in each case expressed as a percentage of the net book value of such Inventory determined in accordance with GAAP. The Net Orderly Liquidation Value for each such category of Inventory will be increased or reduced promptly upon receipt by the Administrative Agent of each updated appraisal. “Non-Consenting Lender” has the meaning specified in Section 3.07. “Non-Defaulting Lender” means, at any time, a Lender that is not a Defaulting Lender. “Non-Loan Party” means any Restricted Subsidiary that is not a Loan Party. “Note” means a Revolving Credit Note or a Swing Line Note, as the context may require. “Notice of Intent to Cure” has the meaning specified in Section 8.04(a). “Noticed Hedge” means a Secured Hedge Agreement in respect of which a notice has been delivered to the Administrative Agent by the applicable Qualified Counterparty and the Administrative Borrower that confirms that such Secured Hedge Agreement shall be deemed a “Noticed Hedge” hereunder for all purposes, including the application of Reserves and Section 8.03, so long as the establishment of a Bank Product Reserve with respect to such Noticed Hedge would not result in the Borrowing Base being less than the Total Revolving Credit Exposure; provided that, if the amount of Secured Hedge Obligations arising under such Secured Hedge Agreement is increased in accordance with the definition of “Secured Hedge Obligation,” then such Secured Hedge Obligations shall only constitute a Noticed Hedge to the extent that a Bank Product Reserve can be established with respect to -48

Examples of NLC Facility in a sentence

For this reason, the addition of the NLC Facility load would reduce the amount of gas sold into Enbridge Gas’ system, but not reduce gas availability or the number of years of service that would otherwise be available to the FLCs26.
The NLC Facility will be located on the same property as the existing facility, which is owned by NLC.
For the reasons set out below, the OEB is granting certificates for the facilities required to serve the NLC Facility subject to certain conditions.
OEB staff expressed concern that the addition of the NLC Facility could impact gas availability to the existing FLCs. In its submission, Enbridge Gas expressed the same concern, especially given that it says it does not currently have any other sources of gas or infrastructure with which to supply the existing FLCs.Metalore’s evidence regarding the security of supply for existing FLCs contains contradictory statements.
However, Metalore also stated that the addition of the NLC load does not cause a requirement to increase production by Metalore; rather, it reallocates existing production to the NLC Facility that would otherwise have been sold to Enbridge Gas25.
No other future expansion phases of the facility are planned at this time20.Given that the NLC Facility demand is forecasted to be less than 3,000,000 m3/yr, OEB staff submitted that Metalore should not be rate regulated by the OEB.
Should gas supply to the NLC Facility increase to more than 3,000,000 m3/yr in the future, Metalore will have to apply to the OEB for approval of a distribution rate under section 36 of the OEB Act.3.6 Security of Supply for Existing FLCs‌In its submission, OEB staff noted that the existing FLCs currently consume between 10-50% of Metalore’s production depending on the season21 with the balance being sold to Enbridge Gas.

Related to NLC Facility

LC Facility means the letter of credit facility established pursuant to Article III.
L/C Facility means the letter of credit facility established pursuant to Article III.
Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.
Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.
Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).
Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.
Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.
Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.7.
Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.
Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).
Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.
New Credit Facility is defined in Section 9.8.
Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.
Revolving Facility Commitment means, with respect to any Revolving Facility Lender, such Lender’s commitment to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Revolving Facility 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 2.20. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 to the Original Credit Agreement, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment (or Incremental Revolving Facility Commitment), as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments as of the Closing Date is $100,000,000. 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.
Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.
Swingline Facility means the swingline facility established pursuant to Section 2.2.
Tranche A Facility means the aggregate of the Tranche A Commitments.
Holding facility means a designated area for the retention of
Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility
Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.
Triage facility means a short-term facility or a portion
Public facility means 1 or more of the following:
Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.
Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.
Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.
Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.