Tranche B Facility. Subject to the terms of this Agreement, the Lenders make available to the Borrowers a revolving credit facility in an aggregate amount equal to the Total Tranche B Commitments.
Tranche B Facility. The Tranche B Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a HK dollar term loan facility in an aggregate amount of HKD639,600,000.
Tranche B Facility. The Tranche B Lenders agree to establish the Tranche B Facility for the benefit of the Borrowers.
Tranche B Facility. (A) (i) The Tranche B Loan shall accrue a finance charge on the Average Daily Balance thereof, from and including the Tranche B Loan Commencement Date to and including February 28, 2003, at a per annum rate equal to the lesser of (a) the Tranche B Loan Finance Charge and (b) the highest rate from time to time permitted by applicable law. If it is determined that the amounts received from Tranche B Borrower or a Tranche B Guarantor pursuant to this subclause (A) shall otherwise be in excess of the highest rate permitted by applicable law, then the amount representing such excess shall be considered reductions to principal of Loans.
Tranche B Facility. The Project Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a HK dollar term loan facility in an aggregate amount of HKD1,678,639,506.
Tranche B Facility. The Hotel Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a HK dollar term loan facility in an aggregate amount of HKD487,086,911.
Tranche B Facility. If, on any date, the Agent notifies the Company that, on any interest payment date, the sum of (A) all Tranche B Advances denominated in Dollars plus (B) the Equivalent in Dollars (determined on the third Business Day prior to such interest payment date) of the aggregate principal amount of all Tranche B Advances denominated in Committed Currencies then outstanding exceeds 103% of the aggregate Tranche B Commitments on such date, the Borrowers shall, as soon as practicable and in any event within two Business Days after receipt of such notice, prepay the outstanding principal amount of any Tranche B Advances owing by the Borrowers in an aggregate amount sufficient to reduce such sum to an amount not to exceed 100% of the aggregate Tranche B Commitments of the Lenders on such date.
Tranche B Facility. (a) Subject to Clause 9, the Borrowers shall repay the Tranche B Advances in full by the instalments specified below on the Tranche B Repayment Dates specified below. The aggregate Original Sterling Amount of the Tranche B Advances (a "Tranche B Repayment Instalment") repaid by the Borrowers on each Tranche B Repayment Date shall be the amount representing the percentage of the aggregate Original Sterling Amount of the Tranche B Advances made at Closing set out below opposite that Tranche B Repayment Date.
Tranche B Facility. (a) TRANCHE B COMMITMENT. Upon the terms, subject to the conditions and in reliance upon the representations and warranties of Borrower set forth in this Agreement and in the other Credit Documents, each Lender having a Tranche B Commitment severally agrees to make credit extensions from time to time to Borrower to finance Additional Development Financing Obligations (each such credit extension provided by such Lender being referred to herein as a "Tranche B Loan"), in such Lender's Tranche B Commitment Percentage of such aggregate amounts, from the Closing Date to and including December 31, 2000 (such date, unless terminated earlier pursuant to this Agreement, the "Commitment Termination Date"). Except with respect to mandatory prepayments made pursuant to SECTION 2.7(B)(II) below, once repaid, Tranche B Loans may not be re-borrowed.
Tranche B Facility. Each Tranche B Loan and each Documentary Credit may only be used for working capital and other general corporate purposes of the Group.
