Sterling Facility definition

Sterling Facility shall have the meaning set forth in the definition of “Facility”. The Sterling Facility shall be a subfacility of the Dollar Facility.
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Sterling Facility means the real property located at 00000 Xxxxxxxxx Xxxx, Sterling, Virginia 20166.
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Sterling Facility means the Sterling Commitments together with the Aggregate Sterling Revolving Extensions of Credit.
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Examples of Sterling Facility in a sentence

  • The Sterling Facility and the proceeds of the Sterling Loans shall be used by the Sterling Subsidiary Borrowers for working capital and other general corporate purposes (which shall include any purpose expressly permitted by the Credit Agreement) of the Sterling Subsidiary Borrowers; provided that, notwithstanding the foregoing, none of the proceeds of the Sterling Loans may be used to finance any Hostile Take-Over Bid.

  • The obligations of Limited to repay all amounts borrowed by it as Sterling Eurocurrency Loans and Sterling Overdraft Advances, all interest thereon and all other amounts payable by it in respect thereof shall be evidenced by this Credit Agreement, it being the intention of the parties hereto that Limited's obligations with respect to the Sterling Facility Loans owed by it is evidenced only as stated herein and not by separate promissory notes or other instruments.

  • The Borrowers shall pay to the Agent for its own account on the date hereof an arrangement fee equal to two fifths of one per cent of each of the Facility Amount of each of the Dollar Facility and the Sterling Facility.

  • CSC or its applicable Subsidiary and Computer Sciences GS or its applicable Subsidiary shall enter into a lease of portions of the Sterling Facility on the terms set forth on Schedule 3.3 pursuant to a lease agreement substantially in the agreed form attached hereto as Exhibit 5.

  • CSC or its applicable Subsidiary (as lessor) and Computer Sciences GS or its applicable Subsidiary (as lessee) have entered or shall enter into a lease of portions of the Sterling Facility pursuant to a lease agreement substantially in the agreed form attached hereto as Exhibit 6.

  • Limited agrees to pay to the Sterling Fronting Bank, for payment by it to the Agent for the accounts of the Lenders in accordance with their respective Revolving Credit Commitment Percentages, a commitment fee calculated at the Commitment Fee Rate per annum on the average daily amount during each calendar quarter or portion thereof from the Closing Date to the Revolving Credit Loan Maturity Date by which the Maximum Sterling Amount exceeds Total Sterling Facility Usage during such calendar quarter.

  • The DM Facility Loans made or to be made by the DM Fronting Bank to GmbH and the Sterling Facility Loans made or to be made by the Sterling Fronting Bank to Limited, in each case pursuant to Section 3, and all liabilities of GmbH and Limited (whether contingent or otherwise) incurred or to be incurred in connection with the issuance of Collateral Instruments and delivery of Counter Indemnities pursuant to Section 3.

  • Each such partial prepayment of the Sterling Facility Loans shall be in an integral multiple of (pound)50,000.

  • Sterling and Surna acknowledge and agree that the Equipment is sufficient to handle the cultivation capacity and needs of the Sterling Facility as of the Effective Date.

  • Limited agrees to pay to the Sterling Fronting Bank, for payment by it to the Administrative Agent for the accounts of the Lenders in accordance with their respective Commitment Percentages, a commitment fee calculated at the Commitment Fee Rate per annum on the average daily amount during each calendar quarter or portion thereof from the Closing Date to the Revolving Credit Loan Maturity Date by which the Maximum Sterling Amount exceeds Total Sterling Facility Usage during such calendar quarter.


More Definitions of Sterling Facility

Sterling Facility means the sterling revolving loan facility granted to the Borrowers pursuant to Clause 2.2;
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Sterling Facility means the sterling loan equal to Pound Sterling900,000 provided to the Borrower by the Bank pursuant to a facility letter of even date to this letter.
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Sterling Facility means the real property located at 45154 Underwood Lane, Sterling, Virginia 20166.
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Related to Sterling Facility

  • 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;

  • Facility means the entire operation located on the property where the Equipment is located;

  • Tanning facility means a place that provides access to tanning devices for compensation.

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

  • Recycling Facility means equipment used by a trade or business solely for recycling:

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Holding facility means a designated area for the retention of

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Triage facility means a short-term facility or a portion

  • Cannabis processing facility means a person that:

  • Dry cleaning facility means an establishment with one or more dry cleaning systems.

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

  • Public facility means 1 or more of the following:

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

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Clean coal SNG facility means a facility that uses a

  • Composting facility means a site, location, tract of land, installation, or building used for composting of solid waste in accordance with Chapter 3734. of the Revised Code and rules adopted thereunder. The composting facility includes the area of materials placement and any leachate management system structures.

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

  • Storage Facility means a facility used for the stocking of natural gas and owned and/or operated by a natural gas undertaking, including the part of LNG facilities used for storage but excluding the portion used for production operations, and excluding facilities reserved exclusively for transmission system operators in carrying out their functions;

  • 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.

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Designated facility means (a hazardous waste treatment, storage, or disposal facility which :

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Marihuana facility means a location at which a licensee is licensed to operate under the medical marihuana facilities licensing act.

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