Flooring Facility definition

Flooring Facility means the extendible revolving loan facility more particularly described in Section 2.3.
Sample 1
Flooring Facility means that certain flooring facility agreement entered into by and among Automotive Finance Corporation and CarLotz Inc, dated January 22, 2016 (as amended on January 25, 2019), the Note (as such term is defined therein), and each of the other loan documents entered into by virtue of such agreement.
Sample 1
Flooring Facility means that certain Loan and Security Agreement, dated October 11, 2018, among U.S. Bank National Association, Shift, and Shift Operations, as amended, and each of the other “Loan Documents” (as such term is defined therein).
Sample 1

Examples of Flooring Facility in a sentence

  • The New Flooring Facility is secured by substantially all of the Company's assets and is also supported by a letter of credit issued under the New Line of Credit in the amount outstanding under the New Flooring Facility from time to time.

  • In addition, in March 2001, the Company entered into a new $40 million flooring credit facility, which functions in lieu of a vendor trade payable for inventory purchases and does not bear interest if paid within terms specific to each vendor (the "New Flooring Facility").

  • Including Natural Turf, Artificial Turf, Bleachers, Score Boards, Tennis Courts, Athletic Tracks, Irrigation, Team Dugouts and Benches, Gym Flooring, Facility Lighting, Electrical, Athletic Audio Systems and other trades necessary to complete projects.

  • The Company had no borrowings under the Flooring Facility included in accounts payable and $17,496 of net borrowings on the Line of Credit outstanding at December 31, 2002.

  • Upon receipt of a partial payment request from the Contractor, the Agency shall review the partial payment request for the purpose of determining whether or not the partial payment request is a proper partial payment request.

  • In addition, in March 2001, the Company entered into a $40,000 flooring credit facility, which functions in lieu of a vendor trade payable for inventory purchases and does not bear interest if paid within terms specific to each vendor (the "Flooring Facility").

  • The Borrowers shall pay to the Swingline Lender (in the case of Prime Rate Advances under the Swingline Facility) or to the Agent on behalf of each Applicable Lender (in the case of Prime Rate Advances under each of the Operating Facility (other than under the Swingline Facility), the Flooring Facility and the Revolving Term Facility, as the case may be, interest on each Prime Rate Advance at a rate per three 365 day period equal to the Prime Rate plus the Applicable Margin.

  • The principal amount of any Borrowings under the Used Vehicle Flooring Facility that is repaid may be reborrowed from time to time if Used Vehicle Flooring Borrower is otherwise entitled to a Borrowing under the Used Vehicle Flooring Facility.

  • Experienced in trauma care that is tracked by a performance improvement program; ande.

  • Subject to the terms and conditions hereof, the Lenders hereby establish in favour of Wholesale Flooring Borrowers a demand revolving new vehicle wholesale flooring financing credit facility (the “Wholesale Flooring Facility”) in a maximum amount principal amount not to exceed the Wholesale Flooring Facility Limit.

Related to Flooring Facility

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Dry cleaning facility means an establishment with one or more dry cleaning systems.

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Tanning facility means a place that provides access to tanning devices for compensation.

  • Recycling Facility means equipment used by a trade or business solely for recycling:

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Composting facility means a site, location, tract of land, installation, or building used for composting of solid waste in accordance with Chapter 3734. of the Revised Code and rules adopted thereunder. The composting facility includes the area of materials placement and any leachate management system structures.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Parking Facility means a parking area or structure having

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Cannabis processing facility means a person that:

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Holding facility means a designated area for the retention of

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Receiving facility means a structure that is designed to receive septage waste for treatment at a wastewater treatment plant or at a research, development, and demonstration project authorized under section 11511b to which the structure is directly connected, and that is available for that purpose as provided for in an ordinance of the local unit of government where the structure is located or in an operating plan. Receiving facility does not include either of the following:

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Underground facility means any item which shall be buried or placed below ground for use in connection with the storage or conveyance of water, sewage, electronic, telephone or telegraphic communications, electric energy, oil, gas or other substances, and shall include, but not be limited to pipes, sewers, conduits, cables, valves, lines, wires, manholes, attachments and those portions of poles and their attachments below ground.

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Parking Facilities means parking lots or other off-street areas for the parking of vehicles, including areas below or above the surface of streets.

  • Test Facility means any WRAS suitably accredited test laboratory;

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Generating Facilities means Interconnection Customer’s device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities. Generation Interconnection Customer:

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Cannabis cultivation facility means a person that: