Standby Facility definition

Standby Facility means the facility made available to the Borrowers pursuant to Clause 7;

Standby Facility has the meaning given it in Section 3A.1.

Standby Facility has the meaning given in the Credit Agreement;

Examples of Standby Facility in a sentence

• Standby Facility [TBD.] Subscription Rights The rights to purchase Rights Offering Shares as set forth in the Rights Offering Procedures.

• Such Shares may include Shares issued under the Kentgrove Standby Facility as well as Shares issued in accordance with any other capital raising opportunities that may present themselves to the Company prior to the Closing Date.

• The principal owing hereunder in respect of the Standby Facility at any given time shall equal the Standby Facility Amount minus all principal payments on the Standby Facility received by Fidelity hereunder.

• Pursuant to the Standby Facility, Nautilus may draw down an amount equal to the lesser of: (i) $1.212 million or (ii) an amount equal to the product of the aggregate number of Common Shares validly tendered and not properly withdrawn pursuant to the Offer in excess of 4,137,300 Common Shares, multiplied by $10.10.

• The Company hereby agrees to repay to Fidelity the Standby Facility, together with interest thereon, in the manner provided herein.

More Definitions of Standby Facility

Standby Facility means a credit line sanctioned by a bank/DFI to the Issuer, meant only to provide liquidity at the time of the maturity of CP, but not intended to eliminate or reduce the credit risk of CP in any manner.

Standby Facility means the standby facility which the Lender has agreed to make available to Plateau on the terms and conditions set out in this Agreement and the Standby Facility Agreement;

Standby Facility means the facility referred to as such in Clause 2 (The Senior Facilities) of the Agreement.

Standby Facility a term loan facility up to an aggregate Financing Principal amount not exceeding the Total Standby Commitments;

Standby Facility means the principal amount of the additional borrowing by the Borrower which has been advanced pursuant to Clause 33 and is for the time being outstanding under this Agreement;

Standby Facility means the facilities, equipment, sites and any other rights, interests and duties in respect of ESAs designated as “Standby Facilities” on Part I to Schedule 2.10.

Standby Facility means the Facility more particularly described in Section 1.03 hereof pursuant to which the Bank will issue Standby L/C's for the account of the Company.