Facility Reduction definition

Facility Reduction has the meaning specified in Section 4.07.
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Facility Reduction means each temporary or permanent reduction of the credit available to the Borrower under this Agreement, whether voluntarily made or scheduled to be made pursuant to Section 2.05 or required to be made pursuant to Section 2.06, Section 6.01 or any other provision of this Agreement or otherwise becoming effective in accordance with this Agreement.
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Facility Reduction has the meaning given to that term in paragraph (a) of Clause 6.5 (Mandatory prepayment – Debt Service Coverage Ratio).
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Examples of Facility Reduction in a sentence

  • Notwithstanding anything to the contrary contained in this Section 3.2 to the contrary, the Maximum Facility Reduction shall in no event be less than five million dollars ($5,000,000.00).

  • Rescission of $13,500,000.00 in available allotments in Project EB409C - WASA New Facility (Reduction of current allotments).

  • The Borrower shall have paid to the Administrative Agent, for the ratable account of the Lenders of the Non-Exchanged Term B Loans, (i) an aggregate principal amount equal to the Term Facility Reduction Amount with cash on hand of the Borrower plus (ii) the proceeds of the Additional Term B-1 Loans.

  • Even if Facility Reduction and new Military Construction (MILCON) programs are more modest, C&D debris constitutes a significant solid waste burden.

  • Lender shall not be required to issue any Letter of Credit that would cause the outstanding amount of Letters of Credit after the Facility Reduction Date to exceed Two Million Dollars ($2,000,000).

  • Montgomery College in connection with its contract/agreement with the Company requires the Company to assume responsibility for the vaccination verification and accommodation requirements described in Attachment 1 and the Company agrees to assume those responsibilities with respect to all of its employees that provide on-site services at a Montgomery College site or a site at which Montgomery College provides services including, but not limited to a Montgomery County Public School.

  • When employing these techniques, the Sub-fund will uphold the conditions set out above at any time.

  • The aggregate amount of such Loans shall not exceed the lesser of (i) $1,535,000,000 less fifty percent (50%) of the aggregate Bridge Facility Reduction Amount as provided in Section 2.08(c) and (ii) the unpaid principal amount of the loans outstanding under the Bridge Facility Credit Agreement on the Borrowing Date.

  • If at any time, by reason of any voluntary or mandatory Facility Reduction or for any other reason, the Outstanding Revolving Credit exceeds the then Facility Amount, the Borrower shall immediately, without notice or demand, repay Advances or, if no Advances are outstanding, deposit Dollars to the XX Xxxx Collateral Account, in an amount equal to such excess.

  • Emission reduction credits (tons/yr) ID Facility Reduction Date PM10 NOx SOx1151 Freescale Semiconductor, Inc.


More Definitions of Facility Reduction

Facility Reduction means each temporary or permanent reduction of the Facility, whether voluntarily made or scheduled to be made pursuant to Section 2.05 or required to be made pursuant to Section 2.06, Section 7.01 or any other provision of this Agreement or otherwise becoming effective in accordance with this Agreement.
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Facility Reduction shall have the meaning specified in Section 3(e) of this Agreement.
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Facility Reduction means, with respect to any prepayment of the Revolving Credit Obligations made at any time on or after the Amendment No. 2 Effective Date, an amount equal to, if positive, (a) the Threshold Amount in effect immediately prior to such prepayment minus (b) the Revolving Credit Obligations after giving effect to such reduction.
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Related to Facility Reduction

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • 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.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Emission Reduction Credits or “ERC(s)” means emission reductions that have been authorized by a local air pollution control district pursuant to California Division 26 Air Resources; Health and Safety Code Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $300,000,000.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d). [Signature page follows.]

  • Revolving Facility Termination Date means the earlier of (i) December 20, 2026, or (ii) the date that the Revolving Commitments have been terminated pursuant to Section 8.02.

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).