Rated Facility definition

Rated Facility. The obligations of the Borrower to repay Advances and to pay Interest and Facility Fees (other than Subordinate Interest and Fees) in accordance with this Agreement.
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Examples of Rated Facility in a sentence

  • The Borrower shall not enter into any interest rate cap unless the Rating Agency shall have confirmed in writing to the Borrower and the Facility Agent that entering into such transaction will not result in the reduction of its rating of the Rated Facility to below the Required Facility Rating or in a withdrawal of its rating of the Rated Facility.

  • In consideration for the payment by the Borrower of the Servicing Fee, the initial Servicer will be required to pay (i) all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account and the Backup Servicer Fee pursuant to the Backup Servicing Agreement and the Custodian Fee pursuant to the Custody Agreement, and (ii) the fees and expenses of the Rating Agency in connection with its initial rating of the Rated Facility.

Related to Rated Facility

  • Designated facility means (a hazardous waste treatment, storage, or disposal facility which :

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

  • Affected facility means, with reference to a stationary source, any apparatus to which a standard is applicable.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Qualified facility means a permanent facility within this state equipped for the production of motion pictures, television shows, or digital media production that meets all of the following requirements:

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

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

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

  • associated facilities means all associated track structures, over and under track structures, supports (including supports for equipment or items associated with the use of the Network), tunnels, bridges, train control systems, signalling systems, communication systems and associated plant, machinery and equipment from time to time but only to the extent that such assets are related to or connected with the Network but does not include any sidings or yards;

  • 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.

  • 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;

  • Major facility means any facility or activity classified as such by the regional administrator in conjunction with the board.

  • Non-Extended Facility has the meaning assigned to such term in Section 3.6(d).

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Test Facility means any WRAS suitably accredited test laboratory;

  • 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;

  • Licensed facility means a facility licensed by the department under section 137 or an adult foster care facility.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.