Facility definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

Examples of Facility in a sentence

The outstanding principal balance of any Incremental Term Loans shall be repaid in installments on the date(s), and in the amount(s), set forth in the applicable Incremental Facility Agreement establishing such Incremental Term Loan.
The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s Applicable Percentage in respect of the relevant Facility).
The Administrative Agent will promptly distribute to each Lender its Applicable Percentage in respect of the relevant Facility (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such ▇▇▇▇▇▇’s Lending Office.
This Guaranty is a continuing and irrevocable guaranty of all Secured Obligations now or hereafter existing and shall remain in full force and effect until the Facility Termination Date.
The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term 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 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.

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