Sub-Facility definition

Sub-Facility means any electrical generating unit or group of electrical generating units within a facility;

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Sub-Facility means, as of any date with respect to either Borrower, the lesser of (a) the excess, if any, of (i) the Total Facility on such date over (ii) the Outstanding Credit of the other Borrower on such date or (b) the Borrowing Base of such Borrower on such date.

Sub-Facility is defined in Section 1.3. "Sub-Facility Letters of Credit" is defined in Section 1.3. "Subsidiary" is defined in Section 4.22. "Tangible Net Worth" is defined in Section 4.12. "Term Loan" is defined in Section 1.1. "Term Note" is defined in Section 1.4. "Termination Date" is defined in Section 1.3. "Termination Event" is defined in Section 3.10. "Transferee" is defined in Section 7.16.

Examples of Sub-Facility in a sentence

• The HGVJ Revolving Credit Sub-Facility shall have the same terms and conditions as and be part of, and not in addition to, the Revolving Credit Facility.

• The size of the HGVJ Revolving Credit Sub-Facility shall be as agreed by the HGVJ Revolving Credit Lenders, the Administrative Agent, HGVJ and the Company (but in no event shall it exceed the aggregate amount of the Revolving Credit Commitments as of such date).

• Such Canadian Borrower shall have executed and delivered to the Revolver Agent a Revolving Facility Note or a Canadian Sub-Facility Note, as the case may be, for the account of each Lender that has requested a Note.

• Any such HGVJ Revolving Credit Sub-Facility shall be provided by existing Revolving Credit Lenders who consent thereto by notice to the Company and the Administrative Agent no later than 15 Business Days upon receipt of such notice from the Administrative Agent, but no such existing Revolving Credit Lender will have an obligation to make available any HGVJ Revolving Credit Commitment.

• Within the limits of the Swing Line Sub-Facility and within the limits referred to in this Section 2.01(b), the Company may borrow under this Section 2.01(b), prepay pursuant to Section 2.06(d) and reborrow under this Section 2.01(b).

• The maximum amount of Revolver Commitments available for use under the German Sub-Facility shall be the then current Total German Revolver Sublimit.

• The maximum amount of Revolver Commitments available for use under the U.S. Sub-Facility shall be the then current U.S. Revolver Sublimit.

• The Agent and the Lenders shall not be required to issue or cause the issuance of any Letter of Credit if, after giving effect thereto, the then aggregate outstanding amount of all Letter of Credit Obligations would exceed the Letter of Credit Sub-Facility Amount.

• Upon the creation of any Acceding Borrower Sub-Facility, the Administrative Agent and Micro shall enter into any amendments to this Agreement that the Administrative Agent and Micro believe are necessary or appropriate to effectuate such Acceding Borrower Sub-Facility and Acceding Borrower Sub-Facility Reallocation.

• After giving effect to any U.S. Revolver Commitment Adjustment, the Revolver Commitment available for use under the U.S. Sub-Facility or Canadian Sub-Facility, as applicable, of each Lender (and the percentage of each U.S. Revolver Loan or Canadian Revolver Loan, as applicable) that each participant must purchase a participation in) shall be equal to such Lender’s (or participant’s) Pro Rata share of the U.S. Sub-Facility or Canadian Sub-Facility, as applicable.

More Definitions of Sub-Facility

Sub-Facility means an Overdraft Facility or the Guarantee Facility in each case provided by a Facility 1 Lender in place of all or part of such Lender's Facility 1 Participation.

Sub-Facility means any of the sub-facilities contributing to the Facilities listed at clause 17.2, or otherwise agreed by the Parties but not being itself a Facility. Supply has the same meaning as given in the A New Tax System (Goods & Services Tax) Act 1999 (Cth).

Sub-Facility means the amounts from $500,000 to $900,000 drawn down under the Overadvance.

Sub-Facility means a Facility comprised of the Japanese Sub-Facility Commitments, the Canadian Sub-Facility Commitments, the Italian Sub-Facility Commitments, the Singapore Sub-Facility Commitments, the Swiss Sub-Facility Commitments or any other Sub-Facility designated by the Company in accordance with the terms of this Agreement, as applicable. Each Sub-Facility is a sub-set of, and not in addition to, the Revolving Credit Facility.