Facility Amount definition

Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

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Facility Amount means (a) on or prior to the Facility Termination Date, an amount equal to the Maximum Facility Amount (as such amount may be reduced from time to time pursuant to Section 2.07) and (b) following the Facility Termination Date, the outstanding principal balance of all of the Advances.

Facility Amount means, on any date of determination, (i) prior to the Revolving Period Termination Date, the Aggregate Commitment on such day and (ii) on and after the Revolving Period Termination Date, the Loans Outstanding.

Examples of Facility Amount in a sentence

Notwithstanding anything to the contrary herein, Administrative Agent, on behalf of Buyers, shall have no obligation to consider for purchase any New Asset if, immediately after the purchase of such New Asset, the Aggregate Repurchase Price would exceed the Facility Amount.
Seller has no further option to request an increase of the Facility Amount pursuant to Section 9(b) of the Master Repurchase Agreement.
On the effective date of each permanent reduction of the Maximum Revolving Facility Amount, Borrowers will be required to pay the Early Payment/Termination Premium in the amount specified in the Fee Letter with respect to the amount by which the Maximum Revolving Facility Amount is reduced.
Payment by Seller of (i) the Facility Increase Fee (as defined in the Fourth Amendment) on the increased Facility Amount in accordance with the Fourth Amendment and (ii) the actual costs and expenses, including, without limitation, the reasonable fees and expenses of counsel to Administrative Agent and/or Buyers, incurred by Administrative Agent, on behalf of Buyers, in connection with this Amendment and the transactions contemplated hereby.
Administrative Agent, on behalf of Buyers, and Seller acknowledge and agree that pursuant to the terms of this Amendment, the Facility Amount has been increased in accordance with Section 9(b) of the Master Repurchase Agreement.

More Definitions of Facility Amount

Facility Amount means, at any time and as reduced or increased from time to time, pursuant to the terms of this Agreement the aggregate dollar amount of Commitments of all the Lenders, as of the date of determination; provided, however, that on or after the Termination Date, the Facility Amount shall be equal to the amount of Advances outstanding. As of the Effective Date, the Facility Amount is $190,000,000. The Facility Amount may be increased up to a total of $265,000,000 in accordance with the provisions of Section 2.3(c).

Facility Amount means (a) on or prior to the Commitment Termination Date, $100,000,000 (as such amount may be reduced from time to time pursuant to Section 2.06) and (b) following the Commitment Termination Date, the outstanding principal balance of all the Advances; provided that the Facility Amount may be increased by the Borrower from time to time in accordance with Section 2.15 hereof.

Facility Amount means during the Reinvestment Period, $250,000,000 (as such amount may be reduced from time to time pursuant to Section 2.06, increased pursuant to Section 2.22 or as otherwise agreed to by the Borrower, the applicable Lenders, the Collateral Manager and the Administrative Agent); provided, that following the Commitment Termination Date, the Facility Amount will equal the Advances Outstanding as of the applicable date of determination.

Facility Amount means the amount of the equity line as per the terms of the Term Sheet.

Facility Amount has the meaning set forth in Section 2.1.

Facility Amount means the sum of the Aggregate Revolving Commitments and the Aggregate Term Loan Amount, as adjusted from time to time pursuant to the terms and conditions of this Agreement.

Facility Amount means the aggregate Commitments as then in effect, which on the Closing Date shall be $200,000,000, as such amount may be reduced pursuant to Section 2.16(b) or increased pursuant to Section 2.19; provided that, at all times (a) when an Event of Default exists and is continuing and (b) during the Amortization Period, the Facility Amount shall mean the aggregate Advances Outstanding at such time.