Target Facility definition

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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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 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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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.

  • 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 Parent shall procure that following the completion of the Mergers and the accession of Target to this Agreement pursuant to Clause 26.2 (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.

  • For the avoidance of doubt, any Permitted Facilities advanced to a Group Member for the purposes of a refinancing of an Existing Target Facility shall be excluded from the calculation of (a) and (b) above during the period from the entering into of such Permitted Facilities and the discharge of such Existing Target Facility.

  • Upon such request, the Agent shall use its best efforts, with the assistance of the Borrower, to arrange a syndicate of Lenders with Commitments (including the initial Commitment), aggregating the Target Facility Amount on or before the date which is 120 days after the Additional Commitment Notice was received by the Agent.

  • The Capital Stock of each of the Subsidiaries of the Company identified in Schedule 4.1 annexed hereto is duly authorized, validly issued, fully paid and nonassessable, free and clear of all Liens (other than Permitted Liens and Liens securing the Bank Facility and the Target Facility), and none of such capital stock constitutes Margin Stock.

  • 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.

  • 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.


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

  • 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.