Subscription Facility definition

Subscription Facility a Facility with respect to which the Company has pledged the Capital Commitments and the power and authority to call the Capital Commitments.

Subscription Facility means a procedure adopted by the Licensee which enables members of the public who are eligible to purchase Tickets to participate in the Licensed Lotteries for a multiple number of Draws other than by purchasing a Ticket in a Retail Outlet;

Subscription Facility means that certain Revolving Credit Agreement, dated as of December 29, 2020, among the Company, the other borrowers from time to time party thereto, the lenders from time to time party thereto and Capital One, National Association, as administrative agent and including any renewals, extensions, replacement or refinancing thereof, in each case, in an aggregate outstanding principal amount not to exceed $200,000,000 at any time.

Examples of Subscription Facility in a sentence

• The General Partner may, in its sole discretion, cause any or all of the Fund, any Facility Borrower, any Alternative Investment Vehicle, any Investment or any other Affiliate of the Fund to: (i) borrow money from, enter into credit facilities, obtain extensions of credit and incur other indebtedness (including without limitation any Subscription Facility); (ii) grant collateral to secure any such obligations; and (iii) guarantee, endorse or become surety for any such obligations.

• In connection with a Subscription Facility, each Limited Partner agrees to deliver, as and when requested by the General Partner in writing, any documents and/or certifications, which may be shared with the lender in connection with such Subscription Facility.

• Each Subscription Facility may be in the name and for the account of the Fund and/or any one or more Alternative Investment Vehicles, Operating Companies or other intermediate entities controlled by the Fund (each a “Facility Borrower”).

• Neither borrowing pursuant to any Subscription Facility nor investing in preferred equity of pass-through entities will be considered as a violation of the General Partner’s undertaking with respect to UBTI described in this Section 8.11(a).

• Notwithstanding anything in this Agreement, each Limited Partner acknowledges and agrees that any excuse right or other limitation with respect to any Capital Contribution shall not be applicable with respect to any capital call the purpose of which is to repay amounts due under the Subscription Facility, regardless of whether the related capital call is issued by the General Partner or the lender under the Subscription Facility.

• As provided in Section 4.1(b)(v), Investment Management Fees paid from the Fund’s cash receipts (regardless of the source and including operating cash, proceeds from a Liquidity Event, Distributable Cash or income from Permitted Temporary Investments) or from borrowings from a Subscription Facility, shall not reduce the Partner’s Remaining Capital Commitment or Remaining Reserve Commitment.

• Each Limited Partner understands and acknowledges that the General Partner and/or any Lender under a Subscription Facility may, in connection with any such Subscription Facility and for the benefit of the Lender, from time to time request a certificate confirming that the Limited Partner has not and will not pledge, collaterally assign, encumber or otherwise grant a security interest in its Interest in the Fund.

• Funds may be borrowed under a Subscription Facility for any purpose for which a Funding Notice may be issued, including any purpose for which the Fund could issue a Funding Notice and subsequently contribute or loan the called Capital Contributions to and for the use by any Facility Borrower.

• A Subscription Facility may be secured by, among other things, the Capital Commitments and Reserve Commitments of the Partners, whether pledged directly by the Fund to the Lender, or pledged by the Fund to a Facility Borrower and then re-pledged by the Facility Borrower to the Lender.

• If a Subscription Facility is secured by Capital Commitments and/or Reserve Commitments, and to the extent funds are advanced against the Capital Commitment and/or Reserve Commitment of a particular Partner because a Partner is late in funding or defaults in making a Capital Contribution as contemplated Section 4.4, such Partner shall be responsible for any interest expense in connection with such advance.

More Definitions of Subscription Facility

Subscription Facility means (a) the Revolving Credit Agreement, dated as of November 6, 2018, by and among the Borrower, Bank of America, N.A., as administrative agent, and the lenders party thereto, as amended, restated, amended and restated, supplemented or otherwise modified from time to time, and any refinancing, refunding, renewal, replacement or extension thereof and/or (b) any other facility, the borrowing base of which is based on the undrawn Capital Commitments (or similar defined term used for the purposes contemplated herein, in each case, as defined in the Borrower’s Third Amended and Restated Agreement and Declaration of Trust, dated as of August 13, 2019, as amended, restated, amended and restated, supplemented, renewed or otherwise modified from time to time) of its investors.

Subscription Facility means the revolving credit facility described in Section 2.1(a)(ii) hereof.

Subscription Facility has the meaning specified in the Additional Terms Letter.

Subscription Facility means a credit facility under which the Company is an obligor and that is secured by, among other things, the unfunded or unutilized Capital Commitments of the Members; provided, however, a Subscription Facility will not exceed the aggregate unfunded or unutilized Capital Commitments of the Members.

Subscription Facility means a credit facility secured by the Partnership’s right to make capital calls and/or the Partnership’s entitlement to receive Capital Contributions from the Partners and related rights, including the exercise of remedies over the deposit accounts into which the proceeds of Capital Contributions are deposited, and not secured by the Investments.