Target Facility definition

Target Facility means the Facility Agreement, by and among the Target, the lenders party thereto in their capacities as lenders thereunder and CIT Bank Limited, as arranger, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements (but excluding debt securities) extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, lender or group of lenders.
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Target Facility means a healthcare facility or facilities of comparable (or superior) type, use and quality to the Facilities.
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Target Facility means the next HEBioT facility that the Company constructs or operates specifically excluding the Company’s facility located in Martinsburg, West Virginia.
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Examples of Target Facility in a sentence

  • The Parent shall procure that following the completion of the Mergers and the accession of Target to this Agreement pursuant to Clause 31.2 (Additional Obligors) any amounts outstanding under the Existing Target Facility shall be promptly repaid, cancelled and discharged in full and any guarantees with respect to the Existing Target Facility shall be released.

  • An alternative dividend (the “ Alternative Dividend”) based on a participation interest formula (“Participation Interest Formula”) in the Target Facility.

  • On the Effective Date (or concurrent with the funding of the Incremental Term Facility) all third party bank indebtedness of the Target and its Subsidiaries under the Target Facility Agreement (as defined below) shall have been repaid, all commitments thereunder shall have been terminated and all liens and security interests securing such indebtedness shall have been released or terminated.

  • Upon receipt of such request, the Lead Agent shall use its best efforts, with the assistance of the Borrower, to arrange a syndicate of Banks with Commitments (including the Initial Commitments), aggregating the Target Facility Amount on or before the Syndication Expiration Date.

  • The Participation Interest Formula shall include any distributions of free cash flow (net income, plus amortization and depreciation, less capital expenditures) received by or benefiting the Company from the Target Facility (“Target Distributions”), as adjusted for short-term loans and advances for operations, on a pari passu basis with all of the contributed capital by the Company into the Target Facility (“Committed Capital”).

  • Cash distributions resulting from the sale of the Target Facility (“ Sale Distributions”) shall first be credited as return of capital, whereby the Company acquires the holder’s Series D Preferred stock at its stated value and the remaining Distribution is paid as a dividend.

  • In the event that the Target Facility is sold and the proceeds to each investor is less than the stated value of the total of the investor’s Series D Preferred shares, the shares of Series D Preferred with a stated value in excess of the proceeds shall remain outstanding, but not subject to redemption by way of the Alternative Dividend or the Alternative Conversion.8. Adjustment of Conversion Price upon Subdivision or Combination of Common Stock.

  • Upon receipt of such request, the Lead Agent shall use commercially reasonable efforts, with the assistance of the Borrower, to arrange a syndicate of Banks with Commitments (including the Initial 109 Commitments), aggregating the Target Facility Amount within sixty (60) days after the Syndication Expiration Date.

  • In the event that the Target Facility is sold and the proceeds to each investor is less than the stated value of the total of the investor’s Series D Preferred shares, the shares of Series D Preferred with a stated value in excess of the proceeds shall remain outstanding, but not subject to redemption by way of the Alternative Dividend or the Alternative Conversion.

  • No other Indebtedness has been incurred by the Borrower or its Subsidiaries since October 31, 2004, except for Indebtedness incurred in connection with the Transaction and the Target Facility.


More Definitions of Target Facility

Target Facility means the revolving credit facility made available to the Target pursuant to a facility agreement dated 31 May 2021 entered into, among others by the Target as parent and Barclays Bank PLC as agent;
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Target Facility means that certain loan agreement, dated as of July 20, 2005, between Stargames Limited, as borrower, and Australian and New Zealand Banking Group Limited, as lender, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and, in each case, as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced in whole or in part from time to time.
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Related to Target Facility

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • 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.

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Holding facility means a designated area for the retention of

  • Aquaculture facility means the same as that term is defined in Section 4-37-103.

  • Test Facility means any WRAS suitably accredited test laboratory;

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • Support Facility means any liquidity or credit support agreement with a CP Conduit which relates to this Agreement (including any agreement to purchase an assignment of or participation in Class B Notes).

  • Replacement Facility means 1 of the following:

  • Cannabis cultivation facility means a person that:

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Production Facilities (7 9) means "production equipment" and specially designed software therefor integrated into installations for "development" or for one or more phases of "production".

  • 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.

  • Facility means the entire operation located on the property where the Equipment is located;

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system, and includes any structures, equipment or other things used for that purpose;

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Public facility means 1 or more of the following:

  • Tanning facility means a place that provides access to tanning devices for compensation.