Outstanding Facilities definition

Outstanding Facilities means the Purchase Agreement with Lincoln Park Capital Fund, LLC.

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Outstanding Facilities means, collectively, the New Facility, the New Facility Note, the NBD Term Loan Agreement (as amended hereby), the Amended Term Note, the Reimbursement Agreement (as amended hereby), the IRB L/C, the Hurco Guaranty, the NBD Guaranty, the Authorization Note, and the Letters of Credit, each as existing following the execution of this Agreement.

Outstanding Facilities means, collectively and without duplication, the Advances, the Reimbursement Agreement, the IRB L/C, the European Facility, and the Facility LCs, each as existing following the Effective Date.

Examples of Outstanding Facilities in a sentence

• If, at any time, the Outstanding Facilities Credit exceeds the Total Commitment at such time (including, without limitation, as a result of the occurrence of a Commitment Reduction Date), Borrower shall immediately prepay Loans in an aggregate principal amount equal to such excess.

• If, at any time, the Outstanding Facilities Credit exceeds the Total Commitment at such time, Borrower shall immediately repay Loans in an aggregate principal amount equal to such excess.

• The sum of the aggregate principal amount of all Loans outstanding at any time, the aggregate amount available for drawing under all Letters of Credit then outstanding and the aggregate amount of all Reimbursement Obligations then outstanding (such sum to be referred to herein as the "Outstanding Facilities Credit") shall not exceed the Total Commitment at such time.

• The Borrower will pay or cause to be paid all amounts required to be paid on the Reimbursement Agreement under Article 3 and perform or cause to be performed all other obligations contained in the Outstanding Facilities, except to the extent any such performance would be inconsistent with the requirements of this Agreement.

• The sum of the aggregate principal amount of all Loans outstanding at any time, the aggregate amount available for drawing under all Letters of Credit then outstanding and, the aggregate amount of all Reimbursement Obligations then outstanding (such sum to be referred to herein as the "Outstanding Facilities Credit") shall not exceed the Total Commitment at such time.

• Whenever any installment of principal of, or interest on, the Outstanding Facilities, or any other amount due hereunder becomes due and payable on a day which is not a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of any installment of principal, interest shall be payable thereon at the rate per annum determined in accordance with this Agreement during such extension.

• The Company shall pay or cause to be paid when due (a) all regularly scheduled principal payments on the Outstanding Facilities and (b) all payments of interest and fees (including without limitation letter of credit fees and commitment fees) which are owing under the Outstanding Facilities.

• If, at any time, the Outstanding Facilities Credit exceeds the Total Commitment at such time, Borrower shall immediately prepay Revolving Loans in an aggregate principal amount equal to such excess.

• If, at any time, the Outstanding Facilities Credit exceeds the Borrowing Base at such time, Borrower shall immediately prepay Revolving Loans and/or Reimbursement Obligations then outstanding, and, to the extent necessary, provide to Agent cash collateral for any then outstanding Letters of Credit, in an aggregate amount equal to such excess.

• If, at any time, the Outstanding Facilities Credit exceeds the Borrowing Base at such time, Borrower shall immediately prepay Revolving Loans and/or Reimbursement Obligations then outstanding, and, to the extent necessary, provide to Administrative Agent cash collateral for any then outstanding Letters of Credit, in an aggregate amount equal to such excess.

More Definitions of Outstanding Facilities

Outstanding Facilities means, collectively, the New Facility, the New Facility Note, the Authorization Letters of Credit, the Authorization Note, the NBD Term Loan Agreement as amended by the New Facility, the Amended Term Note, the Amended European Facility, the Reimbursement Agreement, the IRB L/C, the Hurco Guaranty, the Amended PML Note Agreement, the Amended PML Notes, and the Autocon Guaranties."

Outstanding Facilities means, collectively, the Advances, the Term Loan Agreement, the Term Note, the Reimbursement Agreement, the IRB L/C, the Guaranty, the European Facility, the Hurco Guaranty, and the Letters of Credit, each as existing following the Effective Date.

Outstanding Facilities means, collectively and without duplication, the Loans and the Facility LCs, each as existing following the Effective Date.