BDC Facility definition

BDC Facility means the secured term loan provided to the Debtor by BDC and any all financings, liabilities or obligations which the Debtor may accept or issue in order to replace or supercede such loan or any replacement financing thereof from time to time.
BDC Facility means the term loan facility in the aggregate principal amount of $20 million to be made available on the Effective Date to Source LP by Business Development Bank of Canada and the other lenders party thereto;
BDC Facility is defined in Section 2.01.

Examples of BDC Facility in a sentence

  • BDC, HSBC and the Corporation have also entered into a priority agreement, whereby the BDC security interest is postponed and subordinated to the security interests held by HSBC in the personal property of the Corporation in connection with the BDC Facility.

  • The fair value of the BDC Facility approximates it carrying amount as the BDC Facility has a floating interest rate.

  • The BDC Facility has an interest rate equal to BDC’s floating base rate, currently at 4.55% and a maturity date of September 1, 2023.

  • FCC Facility, BDC Facility and Libro Line of Credit See Section 4 Business Plan – Senior Credit Facilities and Section 6 – Use of Proceeds of the Offering.

  • As at June 30, 2021, the Corporation had drawn $2,000 of the BDC Facility.

  • The office phone number is (580) 250-5509.Tenant spaces within the BDC Facility are private, and no unauthorized tenant/user shall be permitted to enter or remain in any tenant space without the express invitation or permission of the applicable tenant.

  • Any change in the Prime Rate shall cause an immediate adjustment of the interest rate applicable to the BDC Facility without the necessity of notice to the Borrower.

  • Subject to the terms and conditions in this Agreement, the Bank hereby establishes a demand, non-revolving credit facility for the Borrower (the “BDC Facility”) in the maximum principal amount of the BDC Facility Limit.

  • The BDC Facility, provided as part of COVID-19 relief, requires interest only payments monthly for the first twelve months, and commencing December 31, 2021 and maturing December 31, 2031, Pure Sunfarms will repay the outstanding principal amount in equal monthly installments.

  • The Borrower may request a single Advance under the BDC Facility, and any remaining availability thereafter shall be cancelled.

Related to BDC Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Public facility means 1 or more of the following:

  • LC Facility means the letter of credit facility established pursuant to Article III.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Holding facility means a designated area for the retention of

  • Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Electric Facility means a Generator or an electric transmission facility.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Triage facility means a short-term facility or a portion

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Clean coal SNG facility means a facility that uses a

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Cannabis cultivation facility means a person that:

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Major facility means any facility or activity classified as such by the regional administrator in conjunction with the board.

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system, and includes any structures, equipment or other things used for that purpose;

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Dry cleaning facility means an establishment with one or more dry cleaning systems.

  • Public facilities means amenities that are—

  • Marijuana cultivation facility means an entity licensed to cultivate, prepare, and package marijuana and sell marijuana to retail marijuana stores, to marijuana product manufacturing facilities, and to other marijuana cultivation facilities, but not to consumers.