NRT Facility definition

NRT Facility has the meaning ascribed thereto in Section 2.1(a).
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NRT Facility means the non-revolving credit facility established by the Lenders in favour of the Borrowers pursuant to Section 2.1(b).
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NRT Facility means the non-revolving term credit facility established by the NRT Lenders in favour of the NRT Borrower pursuant to Section 2.1(b).
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Examples of NRT Facility in a sentence

  • Amounts under the NRT Facility which have been prepaid as aforesaid may not be re-borrowed and any such prepayments shall be applied in inverse order of maturity.

  • Such payments shall be applied, in the first instance, to prepayment of the NRT Facility in inverse order of maturity and upon repayment in full of the NRT Facility, such prepayments shall be applied to the RT Facility.

  • Amounts which are prepaid as aforesaid in respect of the NRT Facility may not be reborrowed.

  • If any Default or Event of Default shall be continuing, the Majority Lenders may determine, in their sole discretion, whether such proceeds shall be used for repair, replacement or such other purpose as the Majority Lender may see fit including, without limitation, the permanent repayment of the NRT Facility in inverse order of maturity until repaid in full and thereafter to the repayment of the RT Facility.

  • Each Borrower shall repay to the Lenders in full the outstanding credit granted to such Borrower under the NRT Facility on the NRT Maturity Date together with all accrued and unpaid interest thereon and all accrued and unpaid fees with respect thereto.

  • Amounts prepaid to the NRT Facility or the RT Facility as aforesaid may not be reborrowed.

  • Any such mandatory prepayment shall be applied, firstly, to the NRT Facility and, secondly, to the RT Facility.

  • The proceeds of the NRT Facility shall only be used to finance a Permitted Acquisition of the Shares of Rio Narcea Gold Mines, Ltd.

  • The Borrower shall be entitled to one drawdown only under the NRT Facility and such drawdown shall occur on the Closing Date.

  • The amount of the NRT Facility will also be permanently reduced at the time, and in the amount, of each repayment or prepayment made pursuant to Section 9.2, 9.3 or 9.4. Any repayment or prepayment of credit outstanding under either Credit Facility (other than as set forth above) shall not cause a reduction in the amount of such Credit Facility.


More Definitions of NRT Facility

NRT Facility means the credit facility set forth in Section 2.1(a).
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Related to NRT Facility

  • port facility means a location where the ship/port interface takes place; this includes areas such as anchorages, waiting berths and approaches from seaward, as appropriate,

  • Support Facility means any liquidity or credit support agreement with a CP Conduit which relates to this Agreement (including any agreement to purchase an assignment of or participation in Class B Notes).

  • Port facilities means those facilities owned by the port authority such as: seawall jetties; piers; wharves; docks; boat landings; marinas; warehouses; storehouses; elevators; grain bins; cold storage plants; terminal icing plants; bunkers; oil tanks; ferries; canals; locks; bridges; tunnels; seaways; conveyors; modern appliances for the economical handling, storage, and transportation of freight and handling of passenger traffic; transfer and terminal facilities required for the efficient operation and development of ports and harbors; other harbor improvements; or improvements, enlargements, remodeling, or extensions of any of these buildings or structures.

  • Airport facilities means any of the following at an airport:

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.