Outstanding Facility Clause Samples

The 'Outstanding Facility' clause defines the total amount of credit or loan that remains available or unpaid under a financing agreement at any given time. It typically specifies how the outstanding balance is calculated, including any principal amounts drawn and not yet repaid, and may also address accrued interest or fees. This clause is essential for both lenders and borrowers to monitor the current exposure and ensure compliance with borrowing limits, thereby managing financial risk and maintaining transparency in the lending relationship.
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Outstanding Facility. Receipt by the Administrative Agent of evidence satisfactory to it that all indebtedness outstanding under the Existing Credit Agreement, all interest thereon and all other amounts due and owing or to become due and owing thereunder have been paid in full and all commitments thereunder terminated; provided that all "Letters of Credit" outstanding thereunder, all of which are listed on Schedule 5.1, shall be deemed to be Letters of Credit hereunder.
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Outstanding Facility. Each of (i) the Borrowers’ $1,750,000 364-Day Credit Agreement, dated as of May 31, 2001 and (ii) Dominion Resources, Inc. $300,000,000 Credit Agreement, dated as of April 3, 1996, shall have been terminated and all amounts owing thereunder shall have been paid in full.
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Outstanding Facility. DRI's $1,250,000,000 364-Day Credit Agreement, dated as of May 29, 2003, shall have been terminated and all amounts owing thereunder shall have been paid in full.
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Outstanding Facility. Each of (i) the Borrowers' $1,250,000,000 364-Day Credit Agreement, dated as of May 30, 2002, (ii) VaPower's $175,000,000 Credit Agreement, dated as of November 27, 2000 and (iii) VaPower's $21,600,000 Credit Agreement, dated as of November 25, 2002, shall have been terminated and all amounts owing thereunder shall have been paid in full.
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Related to Outstanding Facility

  • Revolving Facility (a) As of the Effective Date, the aggregate outstanding principal amount of the Existing Revolving Loans, other than, for the avoidance of doubt, any “Swing Line Loans” (under and as defined in the Existing Credit Agreement) is set forth on Schedule 2.1. 1. The Existing Revolving Loans are held by the Existing Lenders in the amounts set forth on Schedule 2.1. 1. Subject to the terms of this Agreement and in reliance on the representations and warranties of the Borrowers herein, each of the parties hereto hereby agrees that (A) the Existing Revolving Loans shall be, from and following the Effective Date, continued and outstanding as the Revolving Loans under this Agreement, (B) concurrently therewith, the Extending Lenders shall have assigned their Existing Revolving Loans and Existing Commitments among themselves and to the New Lenders and hereby direct the Administrative Agent to re-allocate all Existing Revolving Loans and Existing Commitments and require the extension of new Revolving Loans, such that, after giving effect to the transactions contemplated hereby the Revolving Loans and Commitments (prior to giving effect to any Advances to be made on the Effective Date) shall be allocated among the Lenders as set forth in Schedule 2.1.1, (C) all “Swing Line Loans” (under and as defined in the Existing Credit Agreement) and “Letters of Credit” (under and as defined in the Existing Credit Agreement) outstanding and issued under the Existing Credit Agreement immediately prior to the Effective Date shall continue to be outstanding and issued under this Agreement, and (D) on and after the Effective Date the terms of this Agreement shall govern the rights and obligations of the Borrowers, the other Loan Parties, the Lenders, the Swing Line Lender, the LC Issuers and the Administrative Agent with respect thereto. (b) From and including the Effective Date and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrowers in Agreed Currencies, participate in Facility LCs issued in Agreed Currencies, and participate in Facility LCs issued in Discretionary Currencies at the discretion of an LC Issuer, in each case upon the request of the Borrowers; provided, that (i) after giving effect to the making of each such Revolving Loan and the issuance of each such Facility LC, the Dollar Amount of each Lender’s Outstanding Revolving Credit Exposure shall not exceed its Revolving Commitment, and (ii) all Base Rate Loans shall be made in Dollars. Subject to the terms of this Agreement, each Borrower may borrow, repay and reborrow the Revolving Loans at any time prior to the Facility Termination Date; provided, that a Foreign Borrower may only borrow in its respective Designated Currencies. The Revolving Commitments shall expire on the Facility Termination Date. The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.19.

  • Amount of facility Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrowers, a senior secured post-delivery term loan facility, in two Advances, in an aggregate amount of up to $164,000,000.

  • Outstanding Indebtedness For the avoidance of doubt, to the extent that any Indebtedness is repaid, redeemed, repurchased, defeased or otherwise acquired, retired or discharged, in each case, in accordance with the terms of the documentation governing such Indebtedness, such Indebtedness shall be deemed to be paid off and not to be outstanding for any purpose hereunder to the extent of the amount of such repayment, redemption, repurchase, defeasance, retirement or discharge.

  • Outstanding Obligations Borrower shall have no obligations as of the date of this Agreement except those approved by HUD in writing and, except for those approved obligations, the Land has been paid for in full (or if the Land is subject to a leasehold interest, it must be subject to a HUD-approved lease), and is free from any liens or purchase money obligations, except as approved by HUD. As of the date hereof, all contractual obligations relating to the Project have been fully disclosed to HUD.

  • Outstanding Letters of Credit On the effective date of such increase, each Increasing Lender and each New Lender (i) will be deemed to have purchased a participation in each then outstanding Letter of Credit equal to its Ratable Share of such Letter of Credit and the participation of each other Lender in such Letter of Credit shall be adjusted accordingly and (ii) will acquire (and will pay to the Administrative Agent, for the account of each Lender, in immediately available funds, an amount equal to) its Ratable Share of all outstanding Participation Advances.