New Facility definition
New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.
New Facility has the meaning specified therefor in Section 7.01(m).
New Facility means new industrial property other than a replacement facility to be built in a plant rehabilitation district or industrial development district.
Examples of New Facility in a sentence
If any Revolving Facility Lender, Term Facility Lender or any Lender under a New Facility is owed money by the Borrower on account of Derivative Obligations, the claim of such Lender shall rank pari passu with the other amounts comprising the Guaranteed Obligations.
The Borrower may, at any time after the Closing Date (with a minimum of $25,000,000 of New Commitments each time, but without any minimum for a New Facility) during the Term of the Revolving Facility, by written notice to the Agent, elect to request an increase to the existing Commitments under the Revolving Facility (any such increase, the “New Commitments”) or elect to create a New Facility, in accordance with the provisions of this Section.
More Definitions of New Facility
New Facility means a nursing facility commencing to provide services to individuals.
New Facility shall have the meaning given to such term in Section 28.1 of the Lease.
New Facility means real or personal industrial or commercial property located in an enterprise zone, the construction, restoration, alteration, or renovation of which begins after the date on which the business applies with the local governmental unit for certification as a qualified business. Restoration, alteration, or renovation of existing property constitutes a new facility only if the increase in the combined true cash value of the restored, altered, or renovated real and personal property is equal to or greater than 50% of the combined true cash value of the real and personal property before restoration, alteration, or renovation as defined in the general property tax act, notwithstanding the exemptions granted by this act.
New Facility means a previously closed facility that resumes
New Facility as defined in the definition of “Facility.”
New Facility means a property previously undeveloped, which is placed into service by means other than expansion or modernization.
New Facility means a facility for which construction is commenced after the Section 112(j) deadline, or after proposal of a relevant standard under Section 112(d) or (h) of the Federal Clean Air Act, whichever comes first.