RT Facility definition

RT Facility shall have the meaning ascribed thereto in Section 2.1(b).

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RT Facility means the revolving term credit facility established by the Lenders in favour of the Borrowers pursuant to Section 2.1(a).

RT Facility means the revolving term credit facility established by the RT Lenders in favour of the RT Borrowers pursuant to Section 2.1(a).

Examples of RT Facility in a sentence

• Amounts under the RT Facility which have been prepaid as aforesaid may be re-borrowed.

• Amounts which are prepaid as aforesaid in respect of the RT Facility may be reborrowed.

• The Borrower shall not drawdown credit under the RT Facility solely for the purpose of accumulating cash in deposit or investment accounts outside the ordinary course of business.

• Subject to the terms and conditions hereof, the aggregate amount of credit outstanding under the RT Facility shall not at any time exceed the RT Credit Limit.

• Such payments shall be applied, in the first instance, to prepayment of the NRT Facility in inverse order of maturity and upon repayment in full of the NRT Facility, such prepayments shall be applied to the RT Facility.

• The Borrower shall repay to the Administrative Agent, for the account of the Lenders, in full the outstanding credit under the RT Facility on the RT Maturity Date together with all accrued and unpaid interest thereon and all accrued and unpaid fees with respect thereto.

• If any Default or Event of Default shall be continuing, the Majority Lenders may determine, in their sole discretion, whether such proceeds shall be used for repair, replacement or such other purpose as the Majority Lender may see fit including, without limitation, the permanent repayment of the NRT Facility in inverse order of maturity until repaid in full and thereafter to the repayment of the RT Facility.

• The amount of the RT Credit Limit will not be reduced at the time, and in the amount, of any prepayment or repayment under the RT Facility pursuant to Sections 9.3 or 9.4, but will be reduced at the time, and by the amount of, any repayment of the RT Facility pursuant to Sections 9.2 and 9.5 and will be reduced to zero on the RT Maturity Date.

• Failing such payment, the Borrower shall be deemed to have effected, notwithstanding any other provision hereof, a conversion of such Letter into a Base Rate Loan under the RT Facility to the extent of the payment of the Issuing Lender thereunder.

• The Borrowers may, from time to time and at any time, by notice in writing to the Administrative Agent, permanently reduce the RT Facility in whole or in part to the extent it is not being utilized at the time such notice is given, provided that such reduction shall not become effective until five Banking Days after such notice has been given.

More Definitions of RT Facility

RT Facility means the reducing revolving term credit facility established by the Lenders in favour of the Borrower pursuant to Section 2.1(a). DM_TOR/208573-00204/2193933.9

RT Facility means either of the RT Facilities.

RT Facility are deleted in their entirety;