Facility Threshold definition

Facility Threshold for each Secured Counterparty has the meaning given to such term in the applicable Secured Counterparty ISDA Agreement and for purposes of this Agreement shall be deemed to be the amount notified to the Agent in accordance with Section 2.02 and the other provisions of this Agreement. “Fee Letter” has the meaning set forth in Section 5.01(g). “Final Notification Time” means 12:00 noon, New York City time, on a Business Day. “Fourth Level Obligations” means, with respect to each Secured Counterparty, the amount, if any, by which: (i) such Secured Counterparty’s Adjusted Obligations, exceed (ii) such Secured Counterparty’s Third Level Obligations distributed in accordance with Section 7.05(c). “GAAP” means United States generally accepted accounting principles applied on a consistent basis. “Genco Guaranty” means the joint and several guaranty made by ▇▇▇▇▇▇▇ Island and Montour in connection with the Facility.
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Examples of Facility Threshold in a sentence

  • The Company and each Secured Counterparty shall notify the Agent of the respective Facility Threshold and Counterparty Threshold applicable to each Secured Counterparty upon the execution of the Secured Counterparty ISDA Agreement with such Secured Counterparty.

  • Buyer and Seller shall be liable under Section 11.1(i) or Section 11.2(i) (i.e., for misrepresentations and breaches of warranties), as applicable, only when total indemnification claims exceed (i) the following amounts ("Threshold Amount") with respect to each Facility: Facility Threshold Amount -------- ---------------- The ▇▇▇▇▇ Schools of Virginia, Inc.

  • Any modification or amendment of a Facility Threshold or a Counterparty Threshold notified pursuant to this Section 2.02 shall, for purpose of this Agreement, become effective (i) as of the Valuation Date such notice is delivered to the Agent if such notice is delivered at or prior to the Second Notification Time and (ii) in all other cases, on the Valuation Date following the Valuation Date on which such notice is delivered to the Agent.

  • Each Secured Counterparty so terminating all Energy Transactions shall deliver written notice of such termination to the Agent promptly after such termination and if all Obligations to such Secured Counterparty have been paid in full, such notice shall set forth that all Obligations have been in paid full and the Facility Threshold for such Secured Counterparty shall be reduced to zero.

Related to Facility Threshold

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • 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.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • 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.

  • Threshold Percentage means 15%.