Examples of Operating Facility in a sentence
The interest rate on the Acquisition and Operating Facility is determined by interest rates on prime advances and bankers’ acceptances utilized during the year.
Demand Operating Facility Black Diamond, through one of its partnerships, has a $5,000 operating facility to fund working capital requirements of the partnership.
The acquisition was funded from CAPREIT's Acquisition and Operating Facility (see Liquidity and Financial Condition section).
In the event that the Operating Facility is drawn down in United States Dollars, the interest is payable at Scotia’s Bank of New York Prime Lending Rate plus 0.15% per annum.
In the short term, CAPREIT utilizes the Acquisition and Operating Facility to finance its capital investments, which may include acquisitions.