Residual Facility definition

Residual Facility means the residual financing facility established pursuant to the Master Residual Loan Agreement.
Residual Facility means any funding arrangement with any Person (whether a financial institution, lender or other purchaser) under which advances are made to the Company or any of its Restricted Subsidiaries based upon Residual Interests, in each case, as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time.
Residual Facility means the residual financing facility established pursuant to that certain Master Residual Loan Agreement, dated as of April 29, 2005, among Residual Facility Borrower, as borrower, the Collection Account Bank, as collection account bank, and the Other Warehouse Lender, as lender, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, and other any residual financing facility between the Residual Facility Borrower with the Other Warehouse Lender.

Examples of Residual Facility in a sentence

  • Finch now seeks to consolidate the former County facility with Finch’s existing Paper Residual Facility and expand the design capacity through a valley fill as envisioned in the Purchase and Sale Agreement.

  • Notwithstanding the foregoing, nothing in this Section 11.07 shall supersede, nullify, derogate from or otherwise affect any rights of Lender under any document or instrument related to the Other Warehouse Facility or any residual financing agreement between Borrower, Seller, the Residual Facility Borrower or TFC, on one hand, and the Other Warehouse Lender, on the other.

  • All documents necessary to the establishment of the Residual Facility and the Other Residual Facility shall have been duly executed and delivered by all parties thereto and be in full force and effect, and each other condition precedent to the funding under such facility shall have been completed.

  • The purchase price for the CFC Assets will be the sum of (i) the amount owed by CFC under the Warehouse Facility and the Residual Facility to Lehman; (ii) the outstanding amount under CFC's DIP facility as of the Closing Date up to a maximum of $125 million; and (iii) certain liabilities assumed by CFN.

  • The Warehouse Facility and the Residual Facility are fully guaranteed by CFC and, up to an aggregate of $125 million, by CIHC.

  • For a discussion of the sale process, see "Planned Sale of CFC." As of the Petition Date, CFC's remaining liquidity sources were a warehouse facility (the "Warehouse Facility") and a residual facility ("Residual Facility") with Lehman and a bank credit facility with U.S. Bank (the "U.S. Bank Facility," and together with the Warehouse Facility and Residual Facility, the "CFC Facilities").

  • NYS DEC Permit for Finch Paper Residual Facility: The Town was copied on a letter to Finch Waste Co. from NYS DEC regarding DEC Permit #5 – 4146-00020/00009 (Solid Waste Management).

  • CFC entered into forbearance agreements with Lehman with respect to the Warehouse Facility and Residual Facility and with U.S. Bank with respect to U.S. Bank Facility, pursuant to which Lehman and U.S. Bank agreed to temporarily refrain from exercising any rights arising from events of default that occurred under each CFC Facility prior to the Petition Date.

  • The parties shall at all times comply with the Residual Facility Documents and the Warehouse Facility Documents.

  • Depreciation, amortisation and impairment of fixed assets amounted to Euro 25.6 million (Euro 22.9 million in the period ended 31 May 2021).

Related to Residual Facility

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

  • Principal Facility means the real property, fixtures, machinery and equipment relating to any facility owned by the Company or any Subsidiary, except for any facility that, in the opinion of the Board of Directors, is not of material importance to the business conducted by the Company and its Subsidiaries, taken as a whole.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.

  • Securitization Facility means any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, pursuant to which the Issuer or any of the Restricted Subsidiaries sells, transfers, pledges or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other Person.

  • Local Facility means any of them.

  • Qualified Securitization Facility means any Securitization Facility (1) constituting a securitization financing facility that meets the following conditions: (a) the Board of Directors will have determined in good faith that such Securitization Facility (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the applicable Restricted Subsidiary or Securitization Subsidiary and (b) all sales or contributions of Securitization Assets and related assets to the applicable Person or Securitization Subsidiary are made at fair market value (as determined in good faith by the Borrower) or (2) constituting a receivables financing facility.

  • State facility means a center or a hospital operated by the department.

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Distribution facilities means electric facilities located in Delaware that are owned by a public utility that operate at voltages of 34,500 volts or below and that are used to deliver electricity to Retail Electric Customers, up through and including the point of physical connection with electric facilities owned by the Retail Electric Customer.

  • Available Facility means, in relation to a Facility, the aggregate for the time being of each Lender’s Available Commitment in respect of that Facility.

  • Correctional facility means a facility operated under the management and control of the Virginia Department of Corrections.

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Local Facilities means working capital facilities provided to a Grantor (other than Beverage Packaging Holdings (Luxembourg) I S.A., Beverage Packaging Holdings (Luxembourg) II S.A. Beverage Packaging Holdings (Luxembourg) III S.à.x.x. and the Borrowers) by a Local Facility Provider and “Local Facility” means any of them.

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Total Facility has the meaning specified in Section 1.1.

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Distributed generation facility means a facility owned and operated by a member of the Cooperative for the production of electrical energy that:

  • Test Facility means any WRAS suitably accredited test laboratory;

  • School facility means and includes any structure, building or

  • Commercial Facility means the Commercial Facility made available under this Agreement as described in Clause 2.1 (Facility).

  • Additional Facility means an additional term or revolving facility referred to in Section 2.14 and “Additional Facilities” means all or any such Additional Facilities.

  • Clean coal facility means an electric generating

  • Residential facility means a home or facility that is licensed by the department of developmental disabilities under section 5123.19 of the Revised Code and in which a child with a developmental disability resides.

  • Senior ABL Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.