Nature of Facilities Sample Clauses

Nature of Facilities. Substantially all of the net proceeds of the sale of the Bonds will be used to acquire land or property of a character subject to the allowance for depreciation under Section 167 of the Code and such costs representing proceeds so used are properly chargeable to a capital account of the Company for Federal income tax purposes or would be so chargeable either with a proper election by the Company or but for a proper election by the Company to deduct the costs.
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Nature of Facilities. (a) Committed.
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Nature of Facilities. The "Facilities" (herein so called) shall consist of a congregate care facility, not to exceed sixty (60) feet in height, containing approximately 194,000 to 210,000 gross square feet of building area and approximately 11,000 gross square feet or less of basement area, and other related site improvements, all conforming substantially to the Site Plan.
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Nature of Facilities. 24 6.2 Utilisation of Optional Overdraft Facility.....................................................24 6.3 Utilisation of Ancillary Facility..............................................................25 6.4
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Nature of Facilities. 6.1.1 The Optional Overdraft Facility forms part of the Revolving Credit Facility and, subject to the terms of this Agreement, shall be available for utilisation by the Borrower, provided that, without prejudice to the continued operation of the Revolving Credit Facility, the Optional Overdraft Facility may be terminated and cancelled by the Bank at any time.
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Nature of Facilities. 13 2.2 Termination or Suspension by EDC......................................................... 15 2.3 Fees..................................................................................... 15 2.4 EDC Facility............................................................................. 15
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Nature of Facilities. (a) Committed. Small Bonds Facility. EDC agrees, on the terms and conditions set forth in this Agreement, to provide Support up to a maximum aggregate amount of US$300 million, or the equivalent thereof in Euros, CDN$, or Sterling, or in such other currencies as EDC may agree to support (or any combination thereof), outstanding at any time (including for the purpose of calculating the amount of such Support, the amount of support outstanding from time to time under the EDC Agreements described under the heading "Small Bonds Facility" in the EDC Agreement List). Such Support shall be provided on a revolving basis in the form of guarantee bonds or guarantee type documents in support of the issuance by financial institutions, at the request of the Principal, of Instruments in respect of contract performance. Such Instruments shall mature no later than the Termination Date and shall be issued with individual amounts of up to and including US$10 million or the equivalent thereof, in Euros, CDN$, or Sterling, or in such other currency as EDC may agree to support. The facility referred to in this
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Nature of Facilities. (a) Committed. Small Bonds Facility. EDC agrees, on the terms and conditions set forth in this Agreement, to provide Support up to a maximum aggregate amount of US$300 million, or the equivalent thereof in Euros, CDN$, or Sterling, or in such other currencies as EDC may agree to support (or any combination thereof), outstanding at any time (including for the purpose of calculating the amount of such Support, the amount of support outstanding from time to time under the EDC Agreements described under the heading "Small Bonds Facility" in the EDC Agreement List). Such Support shall be provided on a revolving basis in the form of guarantee bonds or guarantee type documents in support of the issuance, continuance or renewal by financial institutions, at the request of the Principal, of Instruments in respect of contract performance. Such Support shall expire no later than the Termination Date and shall be issued with individual amounts of up to and including US$10 million or the equivalent thereof, in Euros, CDN$, or Sterling, or in such other currency as EDC may agree to support. The facility referred to in this Section 2.1(a) is hereinafter referred to as the "SMALL BONDS FACILITY". EDC's commitment to provide Support under the Small Bonds Facility shall terminate at the close of business on the day immediately preceding the Termination Date.
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Related to Nature of Facilities

  • Nature of Fees All Fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent, as provided herein and in the fee letters described in Section 2.19. Once paid, none of the Fees shall be refundable under any circumstances.

  • Nature of Agreement You understand and agree that this letter agreement is a severance agreement and does not constitute an admission of liability or wrongdoing on the part of the Company.

  • Structure of Agreement The Trust is entering into this Agreement solely on behalf of the Fund. Without limiting the generality of the foregoing: (a) no breach of any term of this Agreement shall create a right or obligation with respect to any series of the Trust other than the Fund; (b) under no circumstances shall the Advisor have the right to set off claims relating to the Fund by applying property of any other series of the Trust; and (c) the business and contractual relationships created by this Agreement, consideration for entering into this Agreement, and the consequences of such relationship and consideration relate solely to the Trust and the Fund.

  • Nature of Undertakings The undertakings given by you under this letter are given to us and (without implying any fiduciary obligations on our part) are also given for the benefit of the Borrower and each other member of the Group.

  • Nature of Services Executive shall diligently perform such duties and assume such responsibilities as shall from time to time be specified by the Company.

  • Indemnification; Nature of Lenders’ Duties (i) In addition to amounts payable as elsewhere provided in the Agreement, Borrower hereby agrees to pay and to protect, indemnify, and save harmless Agent and each Lender from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys' fees and allocated costs of internal counsel) that Agent or any Lender may incur or be subject to as a consequence, direct or indirect, of (A) the issuance of any Letter of Credit or guaranty thereof, or (B) the failure of Agent or any Lender seeking indemnification or of any L/C Issuer to honor a demand for payment under any Letter of Credit or guaranty thereof as a result of any act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority, in each case other than to the extent solely as a result of the gross negligence or willful misconduct of Agent or such Lender (as finally determined by a court of competent jurisdiction).

  • Nature of Obligations Nothing contained herein shall create or require the Bank to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Bank hereunder, such right shall be no greater than the right of any unsecured general creditor of the Bank.

  • Nature of Trust The Trust shall be a trust with transferable shares under the laws of The State of Delaware, of the type defined in Title 12, Chapter 38, Section 3801 of the Delaware Code as a business trust. The Trust is not intended to be, shall not be deemed to be, and shall not be treated as, a general partnership, limited partnership, joint venture, corporation or joint stock company. The Shareholders shall be beneficiaries and their relationship to the Trustees shall be solely in that capacity in accordance with the rights conferred upon them hereunder.

  • Independent Nature of Purchasers The Company acknowledges that the obligations of each Purchaser under the Transaction Documents are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under the Transaction Documents. The Company acknowledges that the decision of each Purchaser to purchase securities pursuant to this Agreement has been made by such Purchaser independently of any other purchase and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company or of its Subsidiaries which may have made or given by any other Purchaser or by any agent or employee of any other Purchaser, and no Purchaser or any of its agents or employees shall have any liability to any Purchaser (or any other person) relating to or arising from any such information, materials, statements or opinions. The Company acknowledges that nothing contained herein, or in any Transaction Document, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents. The Company acknowledges that each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. The Company acknowledges that for reasons of administrative convenience only, the Transaction Documents have been prepared by counsel for one of the Purchasers and such counsel does not represent all of the Purchasers but only such Purchaser and the other Purchasers have retained their own individual counsel with respect to the transactions contemplated hereby. The Company acknowledges that it has elected to provide all Purchasers with the same terms and Transaction Documents for the convenience of the Company and not because it was required or requested to do so by the Purchasers.

  • Nature of Scheme The Company specifically intends that the Plan will not be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance. HUNGARY

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