Secured facility definition
Secured facility means a parcel of land used for commercial or industrial purposes that is surrounded entirely by a fence or other means of preventing access, including a fence with one or more gates that are locked at all times or monitored by an individual who can prevent unauthorized access.
Secured facility means the secured revolving credit facility described and defined in Section 2.01(b).
Secured facility means a facility that is kept, used, maintained, advertised, or held out to the public as an Alzheimer's, dementia, or special memory care facility that has restricting devices to restrict residents from freely exiting the building.
Examples of Secured facility in a sentence
The Company hedges some of its interest rate risk and some of its foreign curr▇▇▇▇ ▇isk on its Senior Secured facility and US dollar-denominated debt instruments through the use of interest rate swaps, forward foreign exchange contracts and foreign currency swaps.
More Definitions of Secured facility
Secured facility means that certain Term Loan Agreement, dated as of March 23, 2020, by and among the Borrower, the lenders party thereto from time to time, and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Senior Funding, Inc., in its capacity administrative agent and collateral agent, as amended, restated or amended and restated from time to time.
Secured facility has the meaning set forth in Recital A.
Secured facility means each facility under the Credit Agreement, the Alpha Facility, the CoGen Facility and the Riverside Facility.
Secured facility means a building or structure where access is restricted only to authorized persons.
Secured facility means the senior secured letter of credit facility evidenced by the credit agreement, dated as of the date hereof, by and among the Borrowers, the Lenders named therein, and Wachovia, as administrative agent.
Secured facility shall have the meaning specified in Section 4.09(b)(xxii).
Secured facility means a parcel of land used for commercial or industrial purposes