Funded Facilities definition

Funded Facilities means, at any date of determination, the aggregate principal amount of all Term Advances and Acquisition Advances outstanding on such date.
View Source

Examples of Funded Facilities in a sentence

  • To the extent that no Advances in respect of the Funded Facilities remain outstanding, prepayments shall be applied permanently to reduce the Unfunded Facilities as set forth in clause (vii) below.

  • Each such prepayment shall be applied ratably to the Funded Facilities and to the principal installments thereof first, in order of maturity to the principal installments that are due within the 12 months following the date of such prepayment, and second, ratably to the remaining principal installments thereof.

  • Each such prepayment of any Advances (other than Swing Line Advances or Working Capital Advances) shall be applied ratably to the Funded Facilities and to the principal installments thereof first, in order of maturity to the principal installments that are due within the 12 months following the date of such prepayment, and second, ratably to the remaining principal installments thereof.

  • Any amounts that would otherwise have been applied to prepay Advances under the Funded Facilities owing to Declining Lenders shall instead be applied ratably to prepay the remaining Advances under the Funded Facilities as provided in Sections 2.06(a) and (b); provided further that on prepayment in full of Advances under the Funded Facilities owing to Lenders other than Declining Lenders, the remainder of any Prepayment Amount shall be applied ratably to prepay Term B Advances owing to Declining Lenders.

  • Subject to the terms of the Lease, any addition or alteration, application to a third party for grant funding or consent to the terms and condition of funding to the Funded Facilities is subject to the prior written agreement of SSDC such agreement not to be unreasonably withheld or delayed.

  • With respect to any prepayment of the Funded Facilities, the Administrative Agent shall ratably pay such Facilities; provided, however, that any Term B Lender, at its option, may elect not to accept such prepayment, in which event the provisions of the next sentence shall apply.

  • Notwithstanding the foregoing, though, Consolidated will not be required to remove such Consolidated- Funded Facilities from Town-owned or -operated property if continued placement of such Facilities is permitted by any Franchise Agreement and such Franchise Agreement has not been terminated in accordance with its terms.