Consolidated Facility definition

Consolidated Facility means any financing facility or facilities established pursuant to the Credit Agreement.
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Consolidated Facility means a credit agreement by and among a wholly-owned Subsidiary of the Company, as borrower, certain Subsidiaries of the borrower as loan guarantors, JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and security trustee, and the lenders to be party thereto, together with all related security and other documentation, which (a) provides for substantially the following terms: (i) a revolving credit facility made available to the borrower in a principal amount of up to approximately $15,000,000 and (ii) a term loan facility in an agreement principal amount of approximately $116,099,286.35; and (b) which pursuant to the terms and conditions thereof shall be deemed to have consolidated or otherwise refinanced the Pre-Petition Facility and the DIP Financing.
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Consolidated Facility means the single site consolidated rental car facility identified in Exhibit A-1 hereto and including the Consolidated Facility Property and the Consolidated Facility Improvements (which include the QTA).
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Examples of Consolidated Facility in a sentence

  • Any “excess nonrecourse liabilities” (within the meaning of Regulation § 1.752-3(a)) relating to the Consolidated Facility shall, to the extent permissible under applicable law, be allocated to MOI.

  • Except for the Consolidated Facility Improvements as specified herein, the State shall not be required to perform any work or construct any improvements, furnish any services or facilities, perform any maintenance, or make any repairs or alterations or environmental remediation or clean-up in or to the Premises throughout the Term hereof.

  • As part of the Consolidated Facility Improvements to be constructed hereunder by or at the direction of the State, the State shall cause utility lines and connections to be brought to the Premises.

  • For purposes of the Consolidated Facility Improvements, "Consolidated Facility Substantial Completion" shall be deemed to occur at such time as the Consolidated Facility Improvements have been sufficiently completed, other than minor punch list items or items which will not materially and adversely affect the use or occupancy of the Consolidated Facility, such that Concessionaire is reasonably and lawfully able to take possession of the Premises.

  • In addition, the State will be responsible for performing any capital repairs or replacements of the Consolidated Facility, including, without limitation, the foundation, roof, structural components, and exterior walls thereof, which are reasonably required during the Term hereof, subject to inclusion of the costs thereof as part of Operating Expenses to the extent permitted hereunder.

  • This Agreement sets forth the obligations and privileges of RAC with respect to the use and occupancy of the Premises at the single site Consolidated Facility.

  • RAC’s leasing of the Premises and/or the Consolidated Facility shall be subject to any and all easements, licenses, and other rights with respect to the Premises now or hereafter granted to or vested in any other governmental entities or agencies, including, without limitation, the FAA; provided, such easements, if any, shall not preclude the use of the Premises for rental car concession services.

  • This Agreement sets forth the obligations and privileges of RAC with respect to the operation of the nonexclusive Concession from the Consolidated Facility.

  • The issuance by any court of competent jurisdiction of an injunction in any way preventing or restraining the use of the Airport at which the Consolidated Facility is located for the purposes authorized under this Agreement, and the injunction remaining in force for a period of at least sixty (60) consecutive days.

  • The State shall own all Consolidated Facility Improvements and RAC Improvements now existing or hereafter constructed (excluding the trade fixtures, trade equipment, supplies and personal property of RAC).


More Definitions of Consolidated Facility

Consolidated Facility means any financing facility or facilities established pursuant to the Credit Agreement. “Contribution Agreement” shall have the meaning set forth in the Recitals.
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Consolidated Facility has the meaning ascribed to such term in the Contribution Agreement.]1
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Consolidated Facility means a single consolidated credit facility for borrowed money, which consolidates and renews or otherwise refinances the Pre-Petition Facility and the DIP Financing.
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Consolidated Facility means the credit facilities established pursuant to the Original Credit Agreement and the Bridge Loan Agreement as merged, consolidated and amended pursuant to this Agreement.
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Related to Consolidated Facility

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Consolidated Total Net Indebtedness means, on any date, the excess of (i) Consolidated Total Indebtedness over (ii) the lesser of (x) $500,000,000 and (y) the aggregate amount of unrestricted cash and cash equivalents of the Company and its Consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP as of such date.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Debt means at any date the Debt of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

  • Consolidated Total Assets means, as of the date of any determination thereof, total assets of the Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated basis as of such date.