Facility B Bank definition

Facility B Bank means any Bank that holds any Facility B Commitment or Outstanding Credit Exposure under Facility B.
Sample 1Sample 2
Facility B Bank means a Bank having a Facility B Commitment as set forth on Schedule 3 hereof and its successors and assigns. "Facility B Commitment" means, for each Facility B Bank, the obligation of the Facility B Bank to make Facility B Loans not exceeding the amount set forth opposite the Facility B Bank's name in Schedule 3 hereof, as such amount may be modified from time to time pursuant to the terms of this Agreement (collectively, the "Facility B Commitments"); provided that if the Facility B Term Loans are made, "Facility B Commitment" means, for each Facility B Bank, the outstanding principal amount of the Facility B Term Loans made by such Facility B Bank, and "Facility B Commitments" means the aggregate principal amount of all Facility B Term Loans. "Facility B Exposure" means, as to any Facility B Bank, the Exposure of such Facility B Bank with respect to its Facility B Commitment and its Facility B Loans. "Facility B Loan" means a Loan made to the Borrower pursuant to Section 2.1(b) or a Facility B Term Loan. "Facility B Pro Rata Share" means, as to any Facility B Bank at any time, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) at such time of such Facility B Bank's Facility B Exposure divided by the combined Facility B Exposure of all Facility B Banks. "Facility B Termination Date" means November 16, 2001 or such later date to which the Facility B Termination Date is extended pursuant to Section 2.7, unless the Facility B Commitments or this Agreement are earlier cancelled or terminated pursuant to the terms hereof. "Facility B Term Loan Borrowing Notice" means a notice substantially in the form of Exhibit K hereto. 11
Sample 1
Facility B Bank means each person whose name is set out in the relevant part of schedule 1 as a Facility B Bank or which assumes rights and obligations in respect of Facility B pursuant to a Substitution Certificate provided that upon (i) termination in full of all the Commitments of any Facility B Bank, and (ii) irrevocable payment in full of all amounts which may be or become payable to such Facility B Bank under the Finance Documents, such Bank shall not be regarded as being a Facility B Bank for the purposes of determining whether any provision of any of the Finance Documents requiring consultation with or the consent or approval of or instructions from the Banks or the Majority Banks has been complied with;
Sample 1

Examples of Facility B Bank in a sentence

  • Each Advance under Facility B shall consist of Revolving B Loans made by each Facility B Bank ratably in proportion to such Bank's respective Facility B Percentage.

  • The Facility B Loans of each Facility B Bank shall be evidenced by a single Facility B Note, duly completed and executed by the Borrower.

  • The Applicable Agent will promptly notify each Facility A Domestic Bank, Facility A Canadian Bank or Facility B Bank of its receipt of any such notice, and of such Bank's Facility A Pro Rata Share or Facility B Pro Rata Share, as applicable of such prepayment.

  • No Facility B Bank shall be obligated to make a Facility B Loan hereunder if the aggregate principal amount of its Facility B Loans outstanding would exceed such Bank's Facility B Commitment.

  • The aggregate outstanding amount of Competitive Facility B Bid Advances shall reduce each Facility B Bank's Facility B Commitment ratably in the proportion such Facility B Bank's Facility B Commitment bears to the Facility B Commitments regardless of which Facility B Bank or Facility B Banks make such Competitive Facility B Bid Advances.

  • Simultaneously with the execution and delivery of such joinder, Borrower shall execute a Facility B Note and deliver it to such Additional Facility B Bank together with originals of such other documents described in Section 6.01 hereof as such Additional Facility B Bank may reasonably require.

  • Facility B Bank shall mean at any time any financial institutions which have any Facility B Loans outstanding to the Borrower and their respective successors and assigns as permitted hereunder, each of which is referred to herein as a Facility B Bank.

  • Any reduction of the Facility B Commitments shall be applied to each Facility B Bank according to its Facility B Pro Rata Share.

  • The Borrower shall pay to the Administrative Agent for the account of each Facility B Bank in accordance with its Facility B Pro Rata Share, a utilization fee of 0.10% times the actual daily aggregate outstanding Facility B Loans on each day that the aggregate outstanding amount of the Facility A Loans and the Facility B Loans exceeds 33.0% of the Facility A Commitments and the Facility B Commitments.

  • All such joinders shall be effective and binding upon all Banks without any requirement for the execution of such joinder by the Banks other than the Additional Facility B Bank.


More Definitions of Facility B Bank

Facility B Bank means a Bank having a Facility B Commitment as set --------------- forth on Schedule 2.1 hereof and its successors and assigns. ------------ "Facility B Commitment", as to each Facility B Bank, has the meaning --------------------- specified in Section 2.1(b).
Sample 1

Related to Facility B Bank

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Facility B Commitment means, in relation to a Lender, the principal amount in relation to Facility B described as such set opposite its name in Schedule 2 or set out under the heading “Amount of Facility B Commitment Transferred” in the schedule to any relevant Transfer Certificate, in each case as (i) reduced or cancelled, or (ii) increased, in accordance with this Agreement.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Facility Agent has the meaning set forth in the Preamble.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Exiting Lender see Section 2.17.7.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Tranche A Lenders means, collectively, the Lenders having a Tranche A Commitment or all or a portion of the Tranche A Loans owing to it; sometimes being referred to herein individually as a “Tranche A Lender”.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Revolver means a short firearm having a cylinder of several chambers that are brought successively into line with the barrel to be discharged, designed to be aimed and fired by the use of a single hand.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.