PCS Facility definition

PCS Facility means the PCS Facility dated as of June 12, 2000, among Rite Aid, the banks party thereto and Xxxxxx Guaranty Trust Company of New York, as administrative agent.
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PCS Facility means a subordinated loan facility of [£INSERT AMOUNT] (pounds sterling [INSERT AMOUNT IN WORDS]8 million);“PCS Facility Loan”means the aggregate principal amount of all PCS Advances (and excluding any interest payable on any PCS Advances) made by the Guarantor to the Franchisee under the PCS Facility (including any Bond Payments where a demand has been made under the Bond in satisfaction of the Guarantor’s obligation to advance a PCS Advance) which has not been repaid at the relevant time;“Permitted Spending Purposes”means investment in the form of investment capital, franchise investment and working capital expenditure, in each case, as specified in and in accordance with the AFC Plan;“Preceding 13 Reporting Periods”has the meaning given to it in paragraph 2.1 of Schedule 12 (Financial Covenants and Bonds) of the Franchise Agreement;“Ratio”means, as the context may require, either or both of the Actual Operating Cost Ratio and/or the Forecast Operating Cost Ratio;“Ratio Trigger”means either that: (a)the Actual Operating Costs Ratio is less than 1.070:1; or (b)the Forecast Operating Costs Ratio is less than 1.070:1;“Relevant AFC Time”has the meaning given to it in Clause 5.1;“Relevant Credit Rating”has the meaning given to it in the Franchise Agreement;“Relevant Event”Terminationmeans termination of the Franchise Agreement in consequence of:
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PCS Facility means a total subordinated loan facility of [£INSERT AMOUNT] (pounds sterling [INSERT AMOUNT IN WORDS] million) being the aggregate of:
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Examples of PCS Facility in a sentence

  • Portfolio split by country and market segment (on market valuation)* CountryPropertiesValueUnited Kingdom14€373.2 millionGermany28€362.1 millionSwitzerland13€155.7 millionTotal55€891.0 millionSwitzerlandUnited KingdomGermany* Includes Stenprop’s share of joint ventures and associates.

  • No commitment or other fee shall be payable in respect of the PCS Facility.

  • For the purposes of calculating the Actual Operating Costs Ratio, amounts within the PCS Facility shall only be taken into account if they are actually borrowed by the Franchisee from the Guarantor and not repaid.

  • Where required to ensure that the Actual Operating Costs Ratio is not less than 1.070:1 the Franchisee shall exercise its rights under Clause 6.1 to draw on the PCS Facility and accordingly the Guarantor shall make a loan of the requisite amount and the Franchisee shall accept it.

  • If, at any time, the Franchisee reasonably believes that a Ratio Trigger will occur in the current Reporting Period or by the end of either of the next two Reporting Periods, the Franchisee shall notify the Secretary of State as soon as reasonably practicable and provided the Secretary of State confirms that it agrees with the Franchisee's assessment, the Franchisee shall be entitled to draw on the PCS Facility.

  • Access and utilities to the site are available.To ensure that existing structures were indeed utilized to the greatest extent possible, AT&T Wireless conducted extensive field research in the vicinity of each proposed location and reviewed the Location of Existing CP and PCS Facility Structures and the lists of existing structures in the Pinelands.

  • The Guarantors liability under the indemnity in this Clause 16.3 shall be limited to the aggregate amount of the Agreed Funding Commitment, the PCS Facility and all costs, charges and expenses that the Secretary of State may incur in enforcing his rights against the Guarantor pursuant to this Clause 16.3 less the aggregate amount of PCS Advances and Agreed Funding Commitments paid to the Franchisee and not subsequently repaid.

  • The Franchisee may draw on the PCS Facility where it is entitled to do so under Clause 6.1 and 6.2, by giving the Guarantor notice in writing (such notice to be copied to the Secretary of State at the same time) and the Guarantor shall advance a PCS Advance in the Required PCS Amount (subject to Clause 8) by the Advance Date.

  • Amount to be at least 50% of the amount of the PCS Facility, unless the Guarantor has not met 3 out of 4 of the financial tests in which case it shall be 100%.Note to Bidders: Bidders to populate.

  • Subject to Clause 11.2, the Guarantor agrees that the PCS Facility Loan and any interest accrued thereon shall be a contingent debt of the Franchisee that shall only be due and payable if and when all Liabilities have been paid and discharged in full, except as otherwise agreed in writing by the Secretary of State.


More Definitions of PCS Facility

PCS Facility means a mail order facility owned or operated by Rite Aid's subsidiary PCS Health Systems, Inc. that fills prescriptions, but such prescriptions are not picked up by the End User at such mail order facility; provided that if Rite Aid Corporation owns, directly or indirectly, less than [ ] of such PCS Facility, McKesson shall not be required to provide services to such PCS Facility unless, if requested to by McKesson prior to the PCS Facility being added to this Amendment, Rite Aid Corporation guarantees payments for such PCS Facility. The initial list of PCS Facilities is set forth in Exhibit A.
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PCS Facility means the PCS Facility, dated as of June 14, 2000 (as amended, modified, supplemented or Refinanced from time to time), among the Company, the banks party thereto and Morgan Guaranty Trust Company of New York, as administrative agent.
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Related to PCS Facility

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Facility means the entire operation located on the property where the Equipment is located;

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Holding facility means a designated area for the retention of

  • Business Facility means any property including the land, improvements, indoor air, groundwater, and surface water that is or at any time has been owned, operated, occupied, controlled or leased by the Company, its Subsidiaries or any of their predecessors in connection with the operation of their respective business.

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Triage facility means a short-term facility or a portion

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system, and includes any structures, equipment or other things used for that purpose;

  • Clean coal SNG facility means a facility that uses a

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Related facilities means any ancillary facilities owned by the Company which are —

  • Production Facilities (7 9) means "production equipment" and specially designed software therefor integrated into installations for "development" or for one or more phases of "production".

  • Wastewater facilities means the structures, equipment, and processes required to collect, carry away, and treat domestic and industrial wastes and dispose of the effluent.

  • Wireline backhaul facility means a facility used to transport services by wire or fiber-optic cable from a wireless facility to a network.