Outstanding Facility definition

Outstanding Facility means, in relation to a Tranche, the aggregate amount of the Loans outstanding under that Tranche as at the close of business on the last day of the Availability Period for that Tranche.
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Outstanding Facility means the total amount of the principal of all the debts that arise from the utilization of the facilities granted hereunder and have not yet been repaid by the Applicant to the Lender, and if the facility is provided in the form of banker’s acceptance ▇▇▇▇/letter of guarantee/letter of credit, means the aggregate of the amount of the banker’s acceptance ▇▇▇▇/letter of guarantee/letter of credit that has been issue by the Lender hereunder and remains valid, and the amount that has been advanced by the Lender under the banker’s acceptance ▇▇▇▇/letter of guarantee/letter of credit issued hereunder and has not yet been repaid by the Applicant.
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Examples of Outstanding Facility in a sentence

  • The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the “Unused Fee”) equal to an aggregate amount computed on a daily basis by multiplying (i) the Unused Fee Percentage applicable to such day, expressed as a per diem rate, times (ii) the excess of the Aggregate Commitment over the Outstanding Facility Amount on such day.

  • Based upon such calculation, the Facility B Lenders shall sell and assign or purchase and assume (as applicable) from each other such shares in the Outstanding Facility B Loans as Agent determines is necessary to cause each Facility B Lender to hold Outstanding Facility B Loans in an amount equal to such Facility B Lender’s Proportionate Share of such Outstanding Facility B Loan Borrowings.

  • Subject to the satisfaction of the conditions set forth in paragraph 5 below, on the Effective Date Agent shall calculate the Proportionate Share of each Facility B Lender in each Outstanding Facility B Loan.

  • Borrower shall have the right, upon at least three (3) business days notice, to terminate or cancel, in whole or in part, the unused portion of the Aggregate Commitment in excess of the Outstanding Facility Amount, provided that each partial reduction shall be in a minimum amount of $1,000,000 or any whole multiple of $250,000 in excess thereof.

  • The Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the “Unused Fee”) equal to an aggregate amount computed on a daily basis for such calendar year by multiplying the Unused Fee Percentage applicable to such calendar quarter, calculated as a per diem rate, times the excess of the Aggregate Commitment over the Outstanding Facility Amount on each day of such calendar quarter.

  • Effective upon the delivery of the Settlement Shares by the Company in accordance with the Settlement Instructions, the Lender agrees that it shall not file suit or initiate legal proceedings against any person for events occurring prior to the date of this Agreement for the collection of the Outstanding Facility Debt or any claim for relief arising under the Indebtedness Documents or the obligation evidenced thereby.

  • In addition, at any time that amounts are being held in such cash collateral account and the Aggregate Commitment exceeds the Outstanding Facility Amount, the balance in such cash collateral account, to the extent of any such excess of the Aggregate Commitment over the Outstanding Facility Amount, shall be returned to Borrower promptly after the Administrative Agent’s receipt of a written request from Borrower.

  • Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the “Unused Fee”) equal to an aggregate amount computed on a daily basis for each calendar quarter by multiplying the Unused Fee Percentage applicable to such calendar quarter, calculated as a per diem rate, times the excess of the Aggregate Commitment over the Outstanding Facility Amount on each day of such calendar quarter.

  • On each day on which there is an Outstanding Facility Amount, the Company shall deliver (or shall ensure that the Collateral Monitor delivers) to the Facility Agent and the Security Agent (and, if applicable, the relevant Swingline Agent) a Collateral Report in accordance with paragraph 8 (Collateral Reports) of Part I of Schedule 6 (Borrowing Base).

  • The minimum Debt Service Coverage Ratio for the Outstanding Facility Amount shall be 1.

Related to Outstanding Facility

  • Revolving Facilities means, collectively, the Canadian Revolving Facility and the U.S. Revolving Facility.

  • Outstandings means, collectively, at any date, the Letter of Credit Outstandings, Swing Line Outstandings and Revolving Credit Outstandings on such date.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.