B Loans definition
B Loans means the loans under the OT Project Financing provided to OT LLC directly by commercial banks under (i) the IFC B Loan Tranche and (ii) the EBRD B Loan Tranche.
B Loans means the USB 74 CDE B4 Loan, the CNB II CDE B3 Loan, the LBC 2 CDE B2 Loan and the Waveland XXII CDE B1 Loan.
B Loans. Each Lender severally agrees, on the terms of this Agreement, to make Tranche B Loans to the Borrower during the period from and including (i) the Closing Date or (ii) such later date that such Lender becomes a party to this Agreement as provided in Section 12.06(b), to but excluding, the Termination Date in an aggregate principal amount at any one time outstanding up to but not exceeding the amount of such Lender's Tranche B Commitment as then in effect; provided, however, that the aggregate principal amount of all Tranche B Loans by all Lenders hereunder at any one time outstanding together with the Tranche B LC Exposure shall not exceed the lesser of the Aggregate Tranche B Commitments or the Aggregate Maximum Tranche B Credit Amounts. Subject to the terms of this Agreement, during the period from the Closing Date to but excluding the Termination Date, the Borrower may borrow, repay and reborrow the amount determined pursuant to in this Section 2.01(a).
Examples of B Loans in a sentence
In the event that the aggregate principal amount of outstanding Tranche B Loans exceeds the Tranche B Limit, the Borrower shall, on such Business Day, prepay Tranche B Loans in an amount sufficient to cure such deficiency.
The Borrower shall pay interest on the outstanding principal amount of the B Loans, from time to time in accordance with this Section 2.14.
More Definitions of B Loans
B Loans as defined in subsection 2.1(b) hereof. B Loans of different types made or converted from B Loans of other types on the same day (or of the same type but having different Interest Periods) shall be deemed to be separate B Loans for all purposes of this Agreement.
B Loans and the lenders thereunder, the “Existing Term Loan B Lenders”), (b) Term A Loans in an aggregate principal amount of $228,937,499.95 (the “Existing Term A Loans” and, together with the Existing Term B Loans, the “Existing Term Loans”) under the Credit Agreement and (c) outstanding Revolving Credit Commitments in an aggregate principal amount of $330,000,000 under the Credit Agreement (the “Existing Revolving Credit Commitments” and the lenders thereunder, the “Existing Revolving Credit Lenders”) and any outstanding Revolving Credit Loans under the Credit Agreement (the “Existing Revolving Credit Loans”);
B Loans is defined in Section 1.3 hereof.
B Loans means, collectively, the B1 Loan and the B2 Loan;
B Loans means the IDB Invest B Loan, as set forth in the B Loan Supplements. “Base Year” means the Financial Year of 2024. “Benchmark” means, initially, Applicable Term SOFR; provided that if a Benchmark Transition Event has occurred with respect to Applicable Term SOFR or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.16 (Benchmark Replacement Setting). “Benchmark Administration Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of Interest Period, the timing and frequency of determining rates and making payments of interest and other administrative matters) that IDB Invest decides may be appropriate to reflect the use, administration, adoption or implementation of such Benchmark Replacement and to permit the administration thereof by IDB Invest in a manner substantially consistent with market practice (or, if IDB Invest decides that adoption of any portion of such market practice is not administratively feasible or if IDB Invest determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as IDB Invest decides is reasonably necessary in connection with the administration of the Loan and this Agreement).
B Loans is defined in Section 2.2(b) hereof.