Base Facility Sample Clauses
The Base Facility clause defines the fundamental terms and conditions governing the main credit or loan facility provided under an agreement. It typically outlines the principal amount available, the interest rate, repayment schedule, and any key covenants or requirements that apply to the borrower. By clearly establishing the core financial and operational parameters of the facility, this clause ensures both parties understand their primary obligations and helps prevent disputes over the basic terms of the lending arrangement.
Base Facility. To secure the obligations of the Borrower under this Agreement and the other Loan Documents issued in connection with the Credit Facility, the Borrower shall create a Collateral Pool in favor of the Lender. The Collateral Pool shall be comprised of (i) Security Instruments on all of the Multifamily Residential Properties owned by the Borrower listed on Exhibit A to this Agreement and (ii) --------- any other Security Documents executed by the Borrower pursuant to this Agreement or any other Loan Documents.
Base Facility. This section of the FPP describes the process and technology of the base facility. If the base facility is in place, technology risks related to adding capture facilities should be described. The description of the operational impact of adding capture to existing facilities should be described along with potential costs, components timelines and risk mitigation provided. For new base facilitates, a description of its technical challenges, its uniqueness and risks should be described. The selection criteria used to decide on the base technology should be provided. If the technology selected was preferred because of reduced CO2 production or other emissions, documentation supporting these assertions should be provided. Feedstock required should be described, as well as the security of supply. Energy requirements to run the base facility should be provided and properly documented. If the base facility includes new power generation capacity, a description of necessary transmission capacity should be included. The base facility:
i) is at a conceptual design phase and or there is no assurance that the project will be operational by 2015;
ii) will be based on commercially unproven technology;
iii) technical challenges and construction/operational risks are not described;
iv) has not secured a reliable source of feedstock; and
v) the proposal does not include a description of the operational impact of incorporating the carbon capture technology into the base facility.
i) is not expected to be operational until 2016;
ii) technology has been proven at a pilot stage but has yet to be proven at an industrial scale;
iii) has technical challenges and construction/operational risks which are described at a high level;
iv) regulatory approvals have not been submitted ;
v) has identified but not yet secured a reliable source of feedstock ; and
vi) the proposal includes an incomplete description of the operational impact of incorporating the carbon capture technology into the base facility.
i) is expected to be operational by 2015;
ii) is based on commercially proven technology;
iii) technical challenges and construction/operational risks are fully described and matched with appropriate mitigation strategies;
iv) has obtained regulatory approvals or a plan is in place to manage the regulatory process;
v) has a secure source of feedstock to sustain CO2 capture levels; and
vi) the project plan includes an extensive description of the operational impact of incorporating the ca...
Base Facility. This Note is issued as part of the Base Facility established in accordance with the terms of the Master Agreement. Borrower may not re-borrow any amounts under this Note which it has previously borrowed and repaid under this Note. [The rest of this page has intentionally been left blank.] ATTACHED SCHEDULES. The following Schedules are attached to this Note: þ Schedule A Prepayment Premium (required) þ Schedule B Modifications to Multifamily Note