Secured facility definition

Secured facility means a parcel of land used for commercial or industrial purposes that is surrounded entirely by a fence or other means of preventing access, including a fence with one or more gates that are locked at all times or monitored by an individual who can prevent unauthorized access.

Secured facility means the secured revolving credit facility described and defined in Section 2.01(a).

Secured facility means a facility that is kept, used, maintained, advertised, or held out to the public as an Alzheimer's, dementia, or special memory care facility that has restricting devices to restrict residents from freely exiting the building.

Examples of Secured facility in a sentence

• December 31 September 30 2014 2014 Current Secured facility, net of unamortized transaction costs of $621,218 $ 15,378,782 $ 15,348,386 Total $ 15,378,782 $ 15,348,386 Non-Current Secured facility, net of unamortized transaction costs of $1,142,891 $ 58,857,109 $ 62,712,009 Total $ 58,857,109 $ 62,712,009 On September 5, 2014, the Company entered into a new secured debt facility with a syndicate of Canadian lenders.

• Net income for the fourth quarter of 2019 included a charge of $18.9 million ($13.9 million after income taxes) related to a write-off of deferred loan costs on the Company's Senior Secured facility.

• December 31, 2009 2008 Secured facility: As at June 30, 2009 Precision had borrowed $1,063.6 million comprised of US$745.5 million, under secured facilities and $175 million under an unsecured facility.

• Net income for the fourth quarter of 2019 included a charge of$18.9 million ($13.9 million after income taxes) related to a write-off of deferred loan costs on the Company's Senior Secured facility.

• Secured facility housing persons committed under ORS 161.327; or (B) Facility licensed by the Oregon Health Authority to provide alcohol and drug treatment.

More Definitions of Secured facility

Secured facility means that certain Term Loan Agreement, dated as of March 23, 2020, by and among the Borrower, the lenders party thereto from time to time, and Xxxxxx Xxxxxxx Senior Funding, Inc., in its capacity administrative agent and collateral agent, as amended, restated or amended and restated from time to time.

Secured facility means a building or structure where access is restricted only to authorized persons.

Secured facility means the senior secured letter of credit facility evidenced by the credit agreement, dated as of the date hereof, by and among the Borrowers, the Lenders named therein, and Wachovia, as administrative agent.

Secured facility means a parcel of land used for commercial or industrial purposes

Secured facility means each facility under the Credit Agreement, the Alpha Facility, the CoGen Facility and the Riverside Facility.

Secured facility has the meaning set forth in Recital A.

Secured facility shall have the meaning specified in Section 4.09(b)(xxii).