Total Facility definition
Examples of Total Facility in a sentence
The Total Facility shall be composed of a revolving line of credit consisting of Revolving Loans and Letters of Credit described herein.
The Total Facility shall be composed of a revolving line of credit consisting of Revolving Loans and Letters of Credit.
For the purposes hereof, the fair market value of the Retirement Community shall mean the dollar amount resulting by multiplying the excess of Total Facility Revenues over Property Expenses during the thirteen (13) full Accounting Periods immediately preceding the Accounting Period in which the calculation is made by ten (10).
If on any date the Administrative Agent shall notify the applicable Borrower that, by virtue of any change in the Foreign Exchange Rate of any Foreign Currency in which a Letter of Credit is denominated, the Total Facility Exposure shall exceed the Total Commitment then in effect, then, within three Business Days after the date of such notice, such Borrower shall prepay the Revolving Credit Loans and/or the Swingline Loans to the extent necessary to eliminate such excess.
Neither: (x) proceeds from the disposition of FF&E; nor (y) interest which accrues on amounts held in the Reserve, shall result in any reduction in the required Reserve payments or be included in Total Facility Revenues.