Initial Facility definition

Initial Facility means the Initial Term Loan Facility and/or the Initial Revolving Facility, as applicable.

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Initial Facility means the Initial Commitments and all Borrowings thereunder.

Initial Facility means the Initial Commitments and all Borrowings thereunder. “Initial Lender” means each Person listed on Schedule 2.01.

Examples of Initial Facility in a sentence

• The Initial Commitments shall automatically and permanently terminate on the Closing Date upon the funding of the Loans under the Initial Facility.

• Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, the obligations of the Lender to make Borrowings under the Initial Facility hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 9.02) at or prior to 1:00 p.m. (New York City time) on June 30, 2021 (and, in the event that such conditions are not so satisfied or waived, the Initial Commitments shall terminate at such time).

• The Borrower shall repay to the Lender the aggregate principal amount of all Loans outstanding under the Initial Facility on the Maturity Date in an amount equal to the aggregate principal amount of all Loans (together with all accrued interest thereon) outstanding on such date.

• Without prejudice to the obligations of the Issuer to grant the Term Facilities pursuant to this Clause 2 (The Term Facilities), where at any time the Initial Borrower is also required to pay an amount by way of Initial Facility Fee or a Borrower is required to pay an amount by way of Ongoing Facility Fee pursuant to Clauses 11.1.1 (Initial Facility Fee) or 11.

• Under no circumstances shall any Lender or Liquidity Agent make the Advance if, after giving effect to such Advance, the aggregate Capital outstanding hereunder would exceed the Initial Facility Limit.

More Definitions of Initial Facility

Initial Facility means the planned solution mining facility of the Company which is intended to initially produce 625,000 tonnes of potash per year.

Initial Facility means the Initial Term Commitment and Initial Term Loans as in effect on the Closing Date.

Initial Facility means the sum of £5,000,000.

Initial Facility means, collectively, the Letter of Credit issued pursuant to the Reimbursement Agreement between the Metropolitan Government and the Initial Bank and the Reimbursement Agreement between the Metropolitan Government and the Initial Bank.

Initial Facility shall have the meaning provided in the Preliminary Statements.

Initial Facility means, collectively, those Facilities resulting from the completion of development and construction of an Initial Project acquired by an Acquiring Entity in accordance herewith.

Initial Facility means the planned solution mining facility of the Corporation which will initially produce 625,000 tonnes of potash per year;