Facility 1 definition

Facility 1 means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

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Facility 1 means that certain $30,000,000 line of credit facility, consisting of revolving Tranche A and non-revolving Tranche B, for the purposes of financing for working capital and other general corporate purposes and to payoff and terminate the Existing Credit Facility.

Facility 1 means, prior to the date of the Fourth Amendment, that certain revolving line of credit facility described in Recital A of the Fourth Amendment and, from and after the date of the Fourth Amendment, that certain term loan, in the original principal amount of $22,700,649.31 made pursuant to the Facility 1 Note.

Examples of Facility 1 in a sentence

• Transmission Provider must conduct the necessary studies and construct the Network Upgrades needed to integrate the Large Generating Facility (1) in a manner comparable to that in which Transmission Provider integrates its generating facilities to serve native load customers; or (2) in an ISO or RTO with market based congestion management, in the same manner as all Network Resources.

• Transmission Provider must conduct the necessary studies and construct the Network Upgrades needed to integrate the Large Generating Facility (1) in a manner comparable to that in which Transmission Provider integrates its generating facilities to serve native load customers; or (2) in an ISO or RTO with market based congestion management, in the same manner as Network Resources.

• The use of Facility 1 for acquisitions irrespective of form, duration and amount will require the prior consent of the Bank.

• The Borrower agrees to pay a fee on any difference between the Facility 1 Commitment and the amount of credit it actually uses, determined by the weighted average loan balance maintained during the specified period.

• Lessor may enter the Facility 1 Property or exercise any other right of Lessee under this Agreement or any other Operative Document to the extent Lessor determines in good faith that such entry or exercise is reasonably necessary for Lessor to perform any such Lessee Obligation not performed by Lessee when required.

More Definitions of Facility 1

Facility 1 shall have the meaning given to that term in Recital B to the Participation Agreement.

Facility 1 has the meaning set forth in Recital A above.

Facility 1. The Borrower shall pay to the Bank interest on the Term Loan for the period commencing on the date of the Fourth Amendment until the Term Loan shall be paid in full, at a rate per annum equal to the greater of (x) the Prime Rate plus 2.85%, and (y) 6.00%. Any change in the interest rate resulting from a change in the Prime Rate shall be effective as of the opening of business on the day on which such change in the Prime Rate becomes effective.” (i) Subsection (a)(ii) of Section 3.1(A) of the Credit Agreement is hereby deleted in its entirety and the following is inserted in its place:

Facility 1 means the Station operation authorized by the grant of BPFT-20100211AAT and BLFT-20100524AFC

Facility 1 have the meanings set forth in Recital A above.

Facility 1 means RUB 2,309,758,500 facility agreement originally entered into by, amongst others, Fund V (as guarantor) on 19 November 2018 (as amended and restated from time to time);

Facility 1 means the uncommitted borrowing base secured working capital facility made available under this Agreement as described in paragraph (a)(i) of Clause 2.1 (The Facilities).