Revolving Operating Facility definition

Revolving Operating Facility means the revolving operating facility established in connection with the Fortis Transaction in favour of Office I LP in the maximum amount of approximately $230 million;
Sample 1
Revolving Operating Facility means the credit facility governed by the Revolving Operating Facility Credit Agreement with a financial institution, as amended, currently being for a $20 million secured revolving loan facility, maturing on November 1, 2019.
Sample 1
Revolving Operating Facility means the revolving operating facility to be established on or before the Acquisition Closing in favour of the FAM LP in the maximum amount of approximately $230 million;
Sample 1

Examples of Revolving Operating Facility in a sentence

  • The Trust has entered into a Revolving Operating Facility (the “Facility”) with a Canadian Chartered Bank (the “Bank”) fully secured by first charges against certain investment properties.

  • The RBC Revolving Operating Facility bears interest at RBC prime plus 1.25% (June 30, 2011 – RBC prime plus 1.25%).

  • The RBC Revolving Operating Facility bears interest at RBC prime plus 1.25% (June 30, 2010 – RBC prime plus 1.25%).

  • September 30, 2016$December 31, 2015$Committed extendible revolving operating facility40,86970,034Senior secured notes77,20089,600Costs associated with issue and restructuring of facilities(1,942)(1,942)Amortization of costs associated with issue1,5701,471Total long-term debt117,697159,163 Committed Extendible Revolving Operating Facility The maximum principal amount of the committed extendible revolving operating facility is $168,000 with a maturity on April 30, 2019.

  • The RBC Revolving Operating Facility bears interest at Royal Bank of Canada (“Royal Bank”) prime plus 1.25% (June 30, 2010 – Royal Bank prime plus 1.25%).The availability of the RBC Revolving Operating Credit Facility is subject to the Company maintaining interest and consolidated indebtedness coverage ratios and certain other covenants.

  • December 31, 2017$Demand operating facilities—1,216Committed extendible revolving operating facility39,64849,400Senior secured notes50,62964,800Costs associated with issue and restructuring of facilities(193)(357)Total long-term debt90,084115,059 Committed Extendible Revolving Operating Facility The committed extendible revolving operating facilityhas a maximum principalamount of $100,000(December 31, 2017 - $100,000) with a maturity on April 30, 2020.

  • December 31, 2016$December 31, 2015$Demand operating facilities 2,628—Committed extendible revolving operating facility 31,21270,034Senior secured notes 77,20089,600Costs associated with issue and restructuring of facilities (1,942)(1,942)Amortization of costs associated with issue 1,6031,471Total long-term debt 110,701159,163 Committed Extendible Revolving Operating Facility The maximum principal amount of the committed extendible revolving operating facility is $168,000 with a maturity on April 30, 2019.

  • Committed Extendible Revolving Operating Facility On October 31, 2019, the committed extendible revolving operating facility ("Operating Facility") was formally terminated.

  • March 31, 2016$December 31, 2015$Committed extendible revolving operating facility68,54470,034Senior secured notes89,60089,600Costs associated with issue and restructuring of facilities(1,942)(1,942)Amortization of costs associated with issue1,5051,471Total long-term debt157,707159,163 Committed Extendible Revolving Operating Facility The maximum principal amount of the committed extendible revolving operating facility is $168,000 with a maturity on April 30, 2019.

  • ANNUAL REPORT AND ACCOUNTS 2010 INMARSAT PLC 83NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSCONTINUED At 31 December 2009, Stratos had in place a US$10.0m Revolving Operating Facility which was undrawn; this was subsequently cancelled in the year ending 31 December 2010.


More Definitions of Revolving Operating Facility

Revolving Operating Facility means the senior secured revolving operating facility which forms part of our Credit Facilities.
Sample 1

Related to Revolving Operating Facility

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • 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 Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such time.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

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

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving 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.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $25,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Aggregate Revolving Commitments means, collectively, all Revolving Commitments of all Lenders at any time outstanding.

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the date hereof is $250,000,000.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Initial Revolving Facility means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.