Unsecured Facility definition

Unsecured Facility means the unsecured revolving credit facility described and defined in Section 2.01(a).

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Unsecured Facility has the meaning given to the term “Facility” (or equivalent) in any Unsecured Facilities Agreement.

Unsecured Facility means the unsecured credit facility entered into on December 20, 2018 by the Corporation, as described under “INDEBTEDNESS – Credit Facilities.”

Examples of Unsecured Facility in a sentence

• Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Loans and request Unsecured Facility Letters of Credit.

• When each Base Rate Borrowing is made, the aggregate amount of such Borrowing shall be an integral multiple of $100,000 and not less than $1,000,000; provided that a Base Rate Borrowing may be in an aggregate amount that (i) is equal to the entire unused balance of the Unsecured Facility Commitments or (ii) is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(e).

• Any termination or reduction of the Secured Facility Commitments will be permanent and will be made ratably among the Lenders in accordance with their respective Secured Facility Commitments; and any termination or reduction of the Unsecured Facility Commitments will be permanent and will be made ratably among the Lenders in accordance with their respective Unsecured Facility Commitments.

• For purposes hereof, a Lender’s “pro rata share” shall be determined based on its share of the sum of, as applicable, the total Secured Facility Exposures and unused Secured Facility Commitments at the time or the total Unsecured Facility Exposures and unused Unsecured Facility Commitments at the time.

• Prior to the Unsecured Facility Option Date, the Borrower will not amend, supplement, waive or terminate the Indenture in any manner that is materially adverse to the Lenders.

More Definitions of Unsecured Facility

Unsecured 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 without restricting devices to restrict residents from freely exiting the building.

Unsecured Facility means the Facility under which the portion of the Credit described in subsection 2.1.2 is available.

Unsecured Facility means that certain $1,200,000,000 revolving credit facility pursuant to the Unsecured Credit Agreement, as the same may be modified, increased, amended or restated from time to time.

Unsecured Facility means one or more credit facilities made available to the Issuer or any other Group Company for the purpose of financing the general corporate and working capital purposes of the Group, provided that the total principal amount outstanding under all such Unsecured Facilities may not at any time exceed EUR 15,000,000 (or its equivalent in other currencies) in aggregate for the Group.

Unsecured Facility. A corporate or other similar unsecured facility obtained by the Guarantor.

Unsecured Facility means the senior unsecured revolving credit facility evidenced by the credit agreement, dated as of the date hereof, by and among the Credit Parties, the Lenders named therein, and Wachovia, as administrative agent.

Unsecured Facility means any credit facility made available to any member of the Group where any: