Facility definition

Facility means the entire operation located on the property where the Equipment is located;

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

Facility means the Term Facility or the Revolving Credit Facility, as the context may require.

Examples of Facility in a sentence

• The Company shall not increase the total commitment amount under the Truist Facility pursuant to any “accordion” feature so long as an Event Default (as defined in the Truist Facility) has occurred and is continuing.

• The Company shall provide to each of the Noteholders a draft of the credit agreement for the Truist Facility in substantially final form and the Required Holders shall have consented to the Company’s entry into the Truist Facility on substantially the same terms; provided that any Noteholder shall be deemed to have consented unless it shall have objected thereto by written notice (which may be by email) to the Company within five (5) Business Days after having received such draft.

• The Seller shall not be under any obligation to appear in, prosecute or defend any legal action that shall not be incidental to its obligations under this Agreement or the other Facility Documents and that in its opinion may involve it in any expense or liability.

• This Agreement, the Credit Agreement, the other Facility Documents and any agreements or letters (including fee letters) executed in connection herewith contain the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof, superseding all prior oral or written understandings.

• In the event of an Incremental Term Loan Increase or an Additional TL Tranche, each Lender participating in such Incremental Facility shall make a Term Loan to the applicable Borrower in an amount equal to its pro rata share of such Incremental Facility.

More Definitions of Facility

Facility means the term loan facility made available under this Agreement as described in Clause 2 (The Facility).

Facility each of (a) the Term Commitments and the Term Loans made thereunder (the “Term Facility”) and (b) the Revolving Commitments and the extensions of credit made thereunder (the “Revolving Facility”).

Facility shall have the meaning set forth in the Recitals.

Facility means a Class of Term Loans or a Revolving Credit Facility, as the context may require.

Facility means a single premise that, in general, consists of a contiguous tract of land separated by nothing more than a street, alley, or railroad right-of-way, where all buildings and/or energy-consuming devices are owned by a single Customer.

Facility means the credit facility contemplated by this Agreement.

Facility means property improvements completed or in the process of construction which together comprise an integral whole.