Operating Facility means the loan facility of Western which consists of a committed operating facility in the amount of $10 million;

Operating Facility means a gas station actively selling fuel to the public, a fleet fueling facility used to actively fuel fleet vehicles, or a facility where emergency power generators are being used. “Operating facility” does not include any other type of facility, such as a car wash or other business that does not routinely sell fuel to the public, or is not routinely used for fleet fueling, or is not routinely used for emergency power generation. A facility that has not been used to sell fuel to the public, or fuel fleet vehicles, or power emergency generators for a period of 12 months or more is not considered an “operating facility.”

Examples of Operating Facility in a sentence

The Operating Facility is available to be used in helping to finance our short term working capital requirements and is secured by a hypothecation of our cash, cash equivalents and short-term investments.
Operating Facility includes a $100.0 million accordion which allows for expansion of the facility to up to $400.0 million subject to consent from the lender and other customary conditions.
The Agent (or, with respect to the Operating Facility, the Operating Lender) shall enter in the foregoing accounts or records details of all amounts from time to time owing, paid or repaid by the Borrower hereunder.
The Company agrees that whenever, at any time, or from time to time, it shall make any payment to the Administrative Agents, any Lender or the Canadian Operating Facility Lender on account of its liability under this Section 13, it will notify the Administrative Agents and such lender in writing that such payment is made under the guarantee contained in this Section 13 for such purpose.
The Agent (and, with respect to the Operating Facility, the Operating Lender) shall open and maintain books of account or electronically stored records evidencing all Loans and all other amounts owing by the Borrower to the Lenders hereunder.

More Definitions of Operating Facility

Operating Facility means the Credit Facility described in Section 2.1(a) of this Agreement.

Operating Facility has the meaning specified in Section 2.1.1(a).

Operating Facility means any facility or financial accommodation (including, without limitation, any overdraft or other current account facility, any foreign exchange facility, any guarantee, bonding, documentary or standby letter of credit facility, any credit card or automated payments facility, any short term loan facility and any derivatives facility) provided to a member of the Group by an Operating Facility Lender which is notified to the Security Agent by the Parent in writing as a facility or financial accommodation to be treated as an “Operating Facility” for the purposes of this Agreement.

Operating Facility means the operating credit facility established by Section 2.1(a)(ii);

Operating Facility means any facility or financial accommodation (including, without limitation, any overdraft or other current account facility, any foreign exchange facility, any guarantee, bonding, documentary or standby letter of credit facility, any credit card or automated payments facility, any short-term loan facility, any derivatives facility, any cash pooling arrangement or other cash management arrangement, chequing or note encashment facility) provided to a member of the Group by an Operating Facility Lender which is notified to the Security Agent by the Parent in writing as a facility or financial accommodation to be treated as an "Operating Facility" for the purposes of this Agreement. A44420063

Operating Facility means the loan facility of Western from a Canadian bank which consists of an operating demand facility in the amount of $10.0 million, as at March 8, 2013;

Operating Facility means the Operating Facility established from time to time in favour of the Borrower by the Operating Lender pursuant to Section 2.2.