Increased Facility Amount definition

Increased Facility Amount has the meaning set forth in Section 2.8.
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Increased Facility Amount means an increase in the Revolving Credit Commitments (whether by the Revolving Credit Lenders or New Lenders) of up to $25.0 Million.
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Increased Facility Amount means an increase in the Revolving ------------------------- Credit Commitments (whether by the Lenders or New Lenders) of up to $25 million, which increase shall not require the consent of any Lender (other than any Lender agreeing to make available the increase in the Revolving Credit Commitments), if no Default or Event of Default has occurred and is continuing.
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Examples of Increased Facility Amount in a sentence

  • If and to the extent agreed to be extended by any Revolving Credit Lender or New Lender, the Increased Facility Amount shall become part of the Revolving Credit Commitments.

  • No Agent or Lender shall have any obligation or liability whatsoever to any Company or any other Person with respect to the approval of any Increased Facility Amount or for any refusal to approve, negotiate or consider any such proposal or for any act or omission related thereto.

  • If and to the extent agreed to be extended by any Revolving Credit Lender or New Lender, the Increased Facility Amount shall become available under, and part of, the Revolving Credit Commitments.

  • The Borrower shall provide notice to the Administrative Agent of any requested Increased Facility Amount.

  • So, both the expenditures are apportioned among the individual units w.r.t their Design Energy and claimed as per the norms of OERC Generation Tariff Regulation & provisions of PPA.

  • To the extent existing Revolving Credit Lenders decline to make available all of the Increased Facility Amount, Borrower may approach New Lenders to provide such increase provided that the conditions to obtaining the Increased Facility Amount have been satisfied; provided, however, that any such New Lenders, upon the making of a Revolving - Credit Commitment pursuant to the Increased Facility Amount, shall be treated as Revolving Credit Lenders for all purposes of this Agreement.

  • If any Lender elects not to increase its Revolving Commitment pursuant to this Section 2.13(c), the Administrative Agent may place such unsubscribed amount with one or more of the existing Lenders who have determined to participate in the Increased Facility Amount (provided that each such Lender consents to such additional participation).

  • Each Lender shall have the right (but not the obligation), for a period of 20 days following receipt of such notice, to elect by notice to the Borrower and the Administrative Agent to subscribe to participate in the Increased Facility Amount to the extent of its Percentage.

  • The sum of the portion of the Increased Facility Amount subscribed under this Section 2.16(b) and the amount placed pursuant to the preceding sentence shall not exceed the Increased Facility Amount.

  • These prosecutorial practices have been objected to by groups ranging from the Ameri- can Civil Liberties Union to the Chamber of Commerce to the American Bar Asso- ciation.


More Definitions of Increased Facility Amount

Increased Facility Amount see Section 2.01(g). There is no commitment for all or any part of the Increased Facility Amount as of the Closing Date. No Lender shall have any obligation for any part of the Increased Facility Amount unless it shall have expressly consented thereto in writing.
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Increased Facility Amount means the amount by which the Facility Amount ------------------------- increases on an Adjustment Date.
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Increased Facility Amount has the meaning specified in Section 2.16(b).
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Increased Facility Amount means an increase in the Revolving
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Increased Facility Amount has the meaning set forth in Section 2.9. Custodian with direct responsibility for the administration of the Contract Files, or to whom any Contract File custodial matter is referred because of his or her knowledge of or familiarity with a particular subject, (c) the Facility Agent, the president, any vice president or assistant vice president of the Facility Agent, or any other officer or employee having similar functions or (d) any other Person, the President, any Vice-President or Assistant Vice-President or any other officer or employee having similar functions.
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Related to Increased Facility Amount

  • 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.

  • 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.

  • Increased Amount of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness with the same terms, accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”