Alternative Facility definition

Alternative Facility means any revolving credit facility, working capital facility, Permitted Securitization or accounts receivable facility (other than a Permitted Factoring) (including letters of credit and reimbursement obligations with respect thereto and Interest Rate Agreements and/or Currency Agreements secured hereunder) incurred by any Subsidiary of Holdings (or Securitization Subsidiary) and, if applicable, secured solely by Alternative Facility Liens that are permitted to be incurred hereunder; provided, no later than the date that is 30 days after the date on which such Indebtedness is incurred by any such Subsidiary, such Indebtedness is designated by Holdings or Tronox US, in a certificate of an Authorized Officer delivered to Administrative Agent, as “Alternative Facility Debt.”

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Alternative Facility means (i) one or more debt facilities or other financing arrangements with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit Incurred by any Subsidiary of Parent and secured solely by Liens upon one or more assets comprising collateral (A) of the relevant Subsidiary of Parent that is an obligor or provides credit support to such obligor under the relevant Alternative Facility and (B) that secures the ABL Facility, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time and (ii) any Credit Facility.

Alternative Facility means an alternative Facility which SGPPL may provide in its sole and absolute discretion, in the circumstances described in Clause 9.1(b);

Examples of Alternative Facility in a sentence

• The opening of an expansion of the Orange Line for operations within the I-66 Corridor encompassing the Express Lanes within the 10 years following the Agreement Year in which the Project Completion Date occurs will be considered an Alternative Facility.

• Additional general purpose lanes on I-66 within the Project Corridor encompassing the Express Lanes will be considered an Alternative Facility.

• A record of the Tons of Organic Materials, Recyclable Materials, and Solid Waste redirected to an Alternative Facility or Disposed at an Approved Disposal Facility as a result of the waiver, recorded by Collection vehicle or Transfer vehicle number/load, date, and weight.

• Notwithstanding anything to the contrary in Sections 2.11(a) and 2.11(b), if any Revolving Credit Agreement or any Alternative Facility is outstanding, to the extent a prepayment is required under the Revolving Credit Agreement or any such Alternative Facility due to any Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds constituting the proceeds of Revolving Loan Priority Collateral or ABL Collateral, no prepayment shall be required under Sections 2.11(a) and 2.11(b).

• Each of Parent and Merger Sub shall use its reasonable best efforts to (i) maintain in effect the Alternative Facility Agreement, (ii) satisfy on a timely basis all conditions in the Alternative Financing Agreement within its control, and (iii) enforce its rights under the Alternative Facility Agreement to the extent necessary to fund the Merger Consideration.

More Definitions of Alternative Facility

Alternative Facility means any alternative hospitality facility at the Event that ASM makes available to the Client or any Client Party in the circumstances described in clause 4.3;

Alternative Facility has the meaning set forth in Section 5.14(a).

Alternative Facility means a facility selected by SATC and offered to the Client in place of a Facility, in accordance with clause 6.

Alternative Facility means a Facility approved by the City Franchise Contract Administrator for use in the event that an Approved Facility is unavailable.

Alternative Facility means, as of any day, the short term, uncommitted working capital loan facility of the Company with any Bank or Affiliate thereof other than those, if any, provided for in the Loan Documents.

Alternative Facility means any revolving credit facility, working capital facility, Permitted Securitization or accounts receivable facility (including letters of credit and reimbursement obligations with respect thereto and Interest Rate Agreements and/or Currency Agreements secured thereunder) incurred by any Foreign Subsidiary (or Securitization Subsidiary) of Borrower and secured by Alternative Facility Liens that are permitted to be incurred hereunder; provided, that (i) on or before the date on which such Indebtedness is incurred by any Foreign Subsidiary, such Indebtedness is designated by Borrower, in a certificate of an Authorized Officer delivered to Administrative Agent, as “Alternative Facility Debt” and (ii) no Credit Party has guaranteed or otherwise directly or indirectly provided credit support with respect to such Alternative Facility.

Alternative Facility means (i) any note purchase agreement entered into between the Sellers and Steamboat Funding Corporation, (ii) the GCM Repurchase Facility, and (iii) any financing, purchase, note purchase, repurchase or similar facility (other than the facility created by this Agreement) entered into between (a) the Buyer and the Sellers (or any of their Affiliates or Subsidiaries), or (b) the Sellers (or any of their Affiliates or Subsidiaries) and any other entity which is introduced to the Sellers (or any of their Affiliates or Subsidiaries) by the Buyer and which facility is arranged by the Buyer.