Second Facility definition

Second Facility means the proposed revolving credit facility in a --------------- maximum principal amount of up to approximately $250,000,000, to be entered into by and between the Borrower and the Lender."
Sample 1
Second Facility is hereby deleted and any references in the Credit Agreement to Second Facility shall be deemed to refer to the "Supplemental Facilities".
Sample 1
Second Facility shall have the meaning ascribed to it in Section 2.2(c).
Sample 1

Examples of Second Facility in a sentence

  • Borrower shall pay when due each of the Initial Facility Charge and the Second Facility Charge.

  • Second Facility New York State DOH, OASAS, or OHM Operating Certificate # or Department of State Identification #.

  • The Second Facility has a revolving term and is for the purpose of financing the acquisition of 495 and future acquisitions (the “Second Facility”).

  • As additional consideration, Borrower agrees that Lender will be engaged at the appropriate time, on mutually acceptable terms substantially similar to the Design-Build Contract for the Madera Facility, on a Design-Build Contract for the Second Facility irrespective of whether the Loan is repaid at the time Borrower is prepared to contract for the design and construction of that facility.

  • As announced today, the Company and the Elliott Lender have agreed, conditional upon the passing of the Resolutions, that the Third Elliott Loan Facility will be amended such that the amount available pursuant to the Third Elliott Loan Facility will be increased up to, in aggregate, US$2.4 million, with the amount available pursuant to the Second Facility to be increased from US$1.5 million to up to US$1.8 million.

  • If Shareholders do not approve the Proposed Disposal, an event of default under the Second Facility Agreement will be triggered, which would allow the Company’s banks to make an immediate demand for repayment of the amounts drawn down under the Second Facility Agreement and also allow the banks and the pension trustee to enforce the security that they hold over the assets of the Group.

  • As additional consideration, Borrower agrees it will, or will cause its affiliates to engage Lender at the appropriate time, on mutually acceptable terms substantially similar to the Design-Build Contract for the Madera Facility, on a design-build agreement for the Second Facility irrespective of whether the Term Loan is repaid at the time Borrower or its affiliates is prepared to contract for the design and construction of that facility.

  • The New Facility, the Second Facility and the Third Facility all will be owned by Highbridge and leased to and operated by FLACS as public charter schools providing education services to students in kindergarten through grade 8 (collectively, the “Project”).

  • Prepayment of principal of borrowings under the Second Facility is not permitted without the consent of the Credit Facility lenders.

  • Second Facility - Revolving Loan and Security Agreement: On May 30, 2012, a subsidiary of the Company completed a refinancing of its long-term debt supporting Southern California operations.


More Definitions of Second Facility

Second Facility shall have the meaning ascribed to such term in Section 3.5 below.
Sample 1
Second Facility has the meaning set out in Clause 9.1.
Sample 1

Related to Second Facility

  • Facility Site means the site described in Schedule B. “FERC” means the Federal Energy Regulatory Commission.

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

  • Underground facility means any item which shall be buried or placed below ground for use in connection with the storage or conveyance of water, sewage, electronic, telephone or telegraphic communications, electric energy, oil, gas or other substances, and shall include, but not be limited to pipes, sewers, conduits, cables, valves, lines, wires, manholes, attachments and those portions of poles and their attachments below ground.

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

  • 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;

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

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

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Tanning facility means any premises, building, or part of a building that contains one or more rooms or booths with any of the following:

  • 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.

  • 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.

  • 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.

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • 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.

  • 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;

  • Parking Facility means a parking area or structure having

  • Cannabis processing facility means a person that:

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • Air navigation facility means any facility, other than one owned and operated by the United States, used in, available for use in, or designed for use in aid of air navigation, including any structures, mechanisms, lights, beacons, markers, communicating systems, or other instrumentalities or devices used or useful as an aid, or constituting an advantage or convenience to the safe taking off, navigation, and landing of aircraft, or the safe and efficient operation or maintenance of an airport, and any combination of any or all of such facilities.

  • Non-Extended Facility has the meaning specified in Section 3.5(d).

  • Common Facility Means a place where tenants utilise the same equipment such as kitchen, laundry and meeting room and or car park.

  • Marijuana cultivation facility means an entity licensed to cultivate, prepare, and package marijuana and sell marijuana to retail marijuana stores, to marijuana product manufacturing facilities, and to other marijuana cultivation facilities, but not to consumers.

  • Marijuana testing facility means an entity licensed to analyze and certify the safety and potency of marijuana.

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

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • 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;