Facility definition

Facility means the entire operation located on the property where the Equipment is located;

Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates.

Facility means the Term Facility or the Revolving Credit Facility, as the context may require.

Examples of Facility in a sentence

• Such service fee shall be non -refundable and would be payable to the Non-Bank Financial Institution whether or not the Facility has been drawn down/ set or availed/utilised by the Borrower.

• Without prior written BellSouth approval, no substantial new safety or environmental hazards can be created by MTS Communications or different hazardous materials used by MTS Communications at BellSouth Facility.

• BellSouth reserves the right to stop any MTS Communications work operation that imposes Imminent Danger to the environment, employees or other persons in the area or Facility.

• The Borrower shall not question or dispute the accounting arrangement contemplated by the Facility hereunder, except in the case of manifest error in the computation of figures.

• Each Grantor shall promptly notify the Collateral Agent in writing of any Commercial Tort Claims for which such Grantor has filed complaint(s) in court(s) of competent jurisdiction, unless the Collateral Agent otherwise consents or the Credit Facility Agent otherwise consents with regard to the Credit Agreement Security Agreement, and shall update Schedule 9 of the Perfection Certificate, thereby granting to the Collateral Agent a security interest in such Commercial Tort Claim(s).

More Definitions of Facility

Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

Facility each of (a) the Term Commitments and the Term Loans made thereunder (the “Term Facility”) and (b) the Revolving Commitments and the extensions of credit made thereunder (the “Revolving Facility”).

Facility means the term loan facility made available under this Agreement as described in Clause 2.1 (The Facility).

Facility means the term loan facility made available under this Agreement as described in Clause 2 (The Facility).

Facility means the Term A Facility or the Revolving Credit Facility, as the context may require.

Facility shall have the meaning set forth in the Recitals.

Facility means property improvements completed or in the process of construction which together comprise an integral whole.