Expansion Facility definition

Expansion Facility has the meaning set forth in Section 2.11.

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Expansion Facility means one or more additions to, or extensions or enlargements of, any existing Buildings on the Lands including, without limitation, ancillary improvements and build-outs of or on existing Buildings, but shall not include any of the foregoing which are only tangentially connected to a Building, such as, for illustration purposes, a skywalk or a bridge if no material leasable area is included therein and no gaming operations are conducted thereon; and for the sake of clarity, Expansion Facility shall not include a new Building, even if such new Building is physically connected to an existing Building.

Expansion Facility is defined in Recital B.

Examples of Expansion Facility in a sentence

• Commitments in respect of Expansion Term Loans shall become Commitments under this Agreement pursuant to an Expansion Facility Amendment executed by each of the Borrower, each Lender agreeing to provide such Commitment, if any, each Additional Lender, if any, and the Administrative Agent.

• The effectiveness of any Expansion Facility Amendment shall be subject to the satisfaction on the date thereof and, if different, on the date on which the Expansion Term Loans are made, of each of the conditions set forth in Section 4.02.

• For the sake of clarity, any Expansion Facility shall be part of the Demised Premises and subject to the terms of this Lease in all respects.

• If, in order to obtain approval of the Applications or to develop such Expansion Facility or Tenant Amenity Development: (i) new Permitted Encumbrances described in paragraphs (a) or (b) of Schedule “E”; (ii) portions of the Lands are required to be conveyed to a Governmental Authority for road widenings or intersections, then, in each case, the Landlord covenants to use commercially reasonable efforts to do so, without cost to the Landlord, and within a reasonable period of time following request.

• A new purchase power agreement for the additional eight (8) megawatts of firm capacity and energy produced by the Expansion Facility entered into by the Parties immediately after the Fifth Amendment.

More Definitions of Expansion Facility

Expansion Facility means the real and Tangible Personal Property located in the city at 501 S 5th Street and 600 Tredegar Street, identified in the 2023 records of the City Assessor at Tax Parcel Map Numbers W0000043002 and W0000043001 respectively.

Expansion Facility. Shall have the meaning set forth in the RECITALS to this Agreement.

Expansion Facility is hereby deemed deleted in its entirety.

Expansion Facility shall have the meaning set forth in Section 9.8(c) hereof.

Expansion Facility means the design and construction of an additional facility on the Project, together with all necessary appropriate fixtures, equipment, attachments and accessories, as described in the Expansion Facility Plans, such that following completion thereof the ethanol plant operates at the maximum operational capacity of 92 million gallons per year, as provided in the Expansion Facility Plans.

Expansion Facility means the potential increase in the size of the Facility Amount from $50,000 to $100,000 under the terms of this Agreement which expansion may be implemented during the term of the Facility by the mutual written agreement of Lender and the Company.

Expansion Facility means the credit facility provided by the Lenders to the Borrower pursuant to Section 2.1.