Subscription Facility definition

Subscription Facility a Facility with respect to which the Company has pledged the Capital Commitments and the power and authority to call the Capital Commitments.

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Subscription Facility means a procedure adopted by the Licensee which enables members of the public who are eligible to purchase Tickets to participate in the Licensed Lotteries for a multiple number of Draws other than by purchasing a Ticket in a Retail Outlet;

Subscription Facility means (a) the Revolving Credit Agreement, dated as of November 6, 2018, by and among the Borrower, Bank of America, N.A., as administrative agent, and the lenders party thereto, as amended, restated, amended and restated, supplemented or otherwise modified from time to time, and any refinancing, refunding, renewal, replacement or extension thereof and/or (b) any other facility, the borrowing base of which is based on the undrawn Capital Commitments (or similar defined term used for the purposes contemplated herein, in each case, as defined in the Borrower’s Third Amended and Restated Agreement and Declaration of Trust, dated as of August 13, 2019, as amended, restated, amended and restated, supplemented, renewed or otherwise modified from time to time) of its investors.

Examples of Subscription Facility in a sentence

• This Subscription Agreement constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, supersedes any prior agreement or understanding among them with respect to such subject matter, and is not intended to confer upon any person other than the parties hereto and any lender under a Subscription Facility any rights or remedies hereunder.

• For the avoidance of doubt, any reference herein to a capital contribution being required or a Drawdown Notice being delivered by the Fund shall be deemed to include such contribution being required or Drawdown Notice being delivered by a lender or agent in respect of any Subscription Facility as described in Section 5 hereof.

• In connection with a Subscription Facility, each Limited Partner agrees to deliver, as and when requested by the General Partner in writing, any documents and/or certifications, which may be shared with the lender in connection with such Subscription Facility.

• Notwithstanding anything in this Agreement, each Limited Partner acknowledges and agrees that any excuse right or other limitation with respect to any Capital Contribution shall not be applicable with respect to any capital call the purpose of which is to repay amounts due under the Subscription Facility, regardless of whether the related capital call is issued by the General Partner or the lender under the Subscription Facility.

• In connection with any such Subscription Facility, all such Capital Contributions may be payable to the account of the Partnership designated by the lender.

More Definitions of Subscription Facility

Subscription Facility means that certain Revolving Credit Agreement, dated as of December 29, 2020, among the Company, the other borrowers from time to time party thereto, the lenders from time to time party thereto and Capital One, National Association, as administrative agent and including any renewals, extensions, replacement or refinancing thereof, in each case, in an aggregate outstanding principal amount not to exceed $200,000,000 at any time.

Subscription Facility means that certain Revolving Credit Agreement, dated as of December 29, 2020, among the Company, the other borrowers from time to time party thereto, the lenders from time to time party thereto and Capital One, National Association, as administrative agent and including any renewals, extensions, replacement or refinancing thereof, in each case, in an aggregate outstanding principal amount not to exceed $85,000,000 at any time.

Subscription Facility means a credit facility under which the Company is an obligor and that is secured by, among other things, the unfunded or unutilized Capital Commitments of the Members; provided, however, a Subscription Facility will not exceed the aggregate unfunded or unutilized Capital Commitments of the Members.

Subscription Facility means a credit facility secured by the Partnership’s right to make capital calls and/or the Partnership’s entitlement to receive Capital Contributions from the Partners and related rights, including the exercise of remedies over the deposit accounts into which the proceeds of Capital Contributions are deposited, and not secured by the Investments.

Subscription Facility has the meaning specified in the Additional Terms Letter.

Subscription Facility has the meaning set forth in Section 29.1.

Subscription Facility means the revolving credit facility described in Section 2.1(a)(ii) hereof.