Supplemental Facility definition

Supplemental Facility has the meaning provided in Section 11.01(c).

Supplemental Facility is defined in Section 2.4.1.

Supplemental Facility means a committed or uncommitted residential mortgage funding facility (which includes a warehouse line of credit, repurchase facility and off-balance sheet funding facility), other than this Repurchase Agreement, in favor of one or more of the Sellers for the origination of one or more Asset Types.

Examples of Supplemental Facility in a sentence

• The Supplemental Facility will initially mature on June 30, 2016 and can be extended for an additional year at our sole option.

• Our Commercial Paper program is supported by our Credit Facility and Supplemental Facility and if necessary or appropriate, we may make one or more draws under either the Credit Facility or Supplemental Facility to pay amounts outstanding from time to time on the Commercial Paper program.

• The base interest rate on the amended Supplemental Facility was reduced to LIBOR plus 80 basis points and the additional facility fee was reduced to 10 basis points.

• The total amount of the Facility Fee is to be as specified in the Supplemental Facility Fee Letter and an invoice to be issued by the Lender to the Borrower not later than two Business Days before the Closing Date.

• The initial maturity date of the Supplemental Facility was extended to June 30, 2022 and can be extended for an additional year to June 30, 2023 at our sole option, subject to our continued compliance with the terms thereof.

• The base interest rate on the Credit Facility is LIBOR plus 77.5 basis points with a facility fee of 10 basis points.On February 15, 2018, the Operating Partnership amended and extended the Supplemental Facility.

• The Borrower will make payment to the Agent of all costs and expenses (including VAT, legal fees and reasonable out of pocket expenses) incurred by it in connection with the negotiation, preparation and execution of this Supplemental Facility Agreement.

• The total amount of the Facility Fee is to be as specified in the Supplemental Facility Fee Letter and an invoice to be issued by the Lender to the Borrower not later than one Business Day before the Closing Date.

• The base interest rate on the Supplemental Facility was reduced to LIBOR plus 77.5 basis points from LIBOR plus 80 basis points, with a facility fee of 10 basis points.The Operating Partnership also has available a Commercial Paper program of $1.0 billion, or the non-U.S. dollar equivalent thereof.

• The base interest rate on the Supplemental Facility is LIBOR plus 80 basis points with an additional facility fee of 10 basis points.

More Definitions of Supplemental Facility

Supplemental Facility means a residential mortgage funding facility (other than the facility evidenced by this Agreement and other than a warehouse facility) in favor of Seller.

Supplemental Facility means a credit or other debt facility entered into by Buyer after the date hereof (a) of which true and correct copies are delivered to Seller upon delivery of the Funds Certification Notice, together with all exhibits, schedules, annexes and amendments to such agreement in effect as of the date of the Funds Certification Notice, (b) with respect to which Buyer represents and warrants to Seller in the Funds Certification Notice that (i) Buyer has delivered true and complete copies thereof, including all exhibits, schedules, annexes and amendments thereto as of the Funds Certification Notice, (ii) the respective obligations contained therein have not been withdrawn, modified or rescinded in any respect prior to the date of the Funds Certification Notice, (iii) such facility is in full force and effect and constitutes the legal, valid and binding obligation of each of the parties thereto, (iv) no consents, approvals or waivers of any lenders or other Person a party thereto needs to be obtained in order for Buyer to obtain funds thereunder, (v) there are no conditions precedent to the funding of any borrowings under thereunder that will delay, frustrate or impede the Closing, (vi) all fees required to be paid thereunder have been paid by Buyer, (vii) which has a maturity date at least 181 days after the Termination Date, and (viii) the available borrowings thereunder, when taken together with other financial resources of Buyer (including available borrowings under the Credit Facility and cash on hand and marketable securities of Buyer) on the Closing Date, will, in the aggregate, be sufficient for the timely satisfaction of Buyer’s obligations under this Agreement and the Ancillary Agreement, and (c) with respect to which Buyer covenants and agrees for the benefit of Seller, not to amend, modify or waive prior to the Closing Date in a manner that is reasonably likely to delay, impede or frustrate the Closing.

Supplemental Facility means each additional facility which the Bank may offer and the Retailer may accept from time to time.

Supplemental Facility means the revolving credit facility in an aggregate principal amount of $50,000,000 made available to the Borrower by the Supplemental Facility Lenders pursuant to the Supplemental Credit Agreement.