LMM Facility definition
LMM Facility means the secured loan facility of USD40 million that has been drawn down by PTM under a credit agreement managed by LMM as agent for the various creditors from time to time thereunder;
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Related to LMM 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;
Refinancing Facility has the meaning specified in Section 2.16(a).
New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.
L/C Facility means the letter of credit facility established pursuant to Article III.
Existing Facility means a facility in existence on any given date, newly constructed or altered.