Replacement Facility definition

Replacement Facility means 1 of the following:

Replacement Facility as defined in Section 2.24(a).

Replacement Facility shall have the meaning provided in Section 13.1.

Examples of Replacement Facility in a sentence

• No Replacement Facility Amendment shall require the consent of any Lenders or any other Person other than the Borrower, the Administrative Agent and the Additional Lenders with respect to such Replacement Facility Amendment.

• Each Replacement Facility shall become effective pursuant to an amendment (each, a “Replacement Facility Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, such Additional Lender or Additional Lenders and the Administrative Agent.

• Current Tax Rate x (Replacement Facility Cost – NPV Tax Depreciation))/(1- Current Tax Rate) The Interconnection Customer’s obligation to provide Tax Security shall terminate in accordance with Article 5.17.3 of this GIA.

• The effectiveness of any Replacement Facility Amendment shall, unless otherwise agreed to by the Administrative Agent and the Additional Lenders party thereto, be subject to the satisfaction or waiver on the date thereof (each, a “Replacement Facility Closing Date”) of each of the conditions set forth in Section 5.2 (it being understood that all references to the date of making any extension of credit in Section 5.2 shall be deemed to refer to the Replacement Facility Closing Date).

• The obligations under any Replacement Facility shall not be guaranteed by any Subsidiary other than a Guarantor, and, if secured, the obligations under any Replacement Facility shall not be secured by a Lien on any Property of any Group Member other than Property that constitutes Collateral.

More Definitions of Replacement Facility

Replacement Facility as defined in Section 11.1.

Replacement Facility has the meaning set forth in Section 10.02.

Replacement Facility means a facility, which is constructed or provided under the terms of this Agreement as a consequence of the Rearrangement of a Conflicting Facility or portion thereof.

Replacement Facility shall have the meaning as defined in Section 2.28(a).

Replacement Facility has the meaning set forth in Section 5.14(b).

Replacement Facility has the meaning set forth in Section 2.18(a).

Replacement Facility means a credit facility: (i) approved by the Board; (ii) that replaces, supersedes or amends the National Bank Facility; (iii) is secured by a first-rank hypothec on the Corporation’s investments in the Restructured Notes and on all shares, notes, commercial paper, warrants, bonds, debentures, certificates, units, claims, sums of money, deposits and any other securities or instruments or investments, present and future, held in or related to securities account numbers 314150, 314151 and 314152 of the Corporation with the Natcan Trust Company or in any other accounts replacing such accounts; (iv) has an aggregate availability of not more than US$6,000,000.00; and (v) is also secured by a first- ranking hypothec over all of the assets of the Corporation provided that the principal amount secured by such charge does not exceed $1,875,000.00;