B Term Loan Facility definition
Examples of B Term Loan Facility in a sentence
The Target B Term Facility will be subject to quarterly amortization of one-quarter percent (0.25%) of the original principal amount of the Target B Term Loan Facility (collectively, the “Term B Scheduled Amortization”, and together with the Term A Scheduled Amortization, the “Scheduled Amortization”).
Any such assignment need not be ratable as among the Tranche A (Euro) Term Loan Facility, the Tranche B Term Loan Facility or the Revolving Credit Facility.
Each Person that is a Lender under the Tranche B Term Loan Facility and/or the Multicurrency Revolving Facility as of the Closing Date represents and warrants to O-I Australia that if it received an invitation to become a Lender under the Tranche B Term Loan Facility and/or the Multicurrency Revolving Facility, at the time it received such invitation it was carrying on the business of providing finance, or investing or dealing in securities, in the course of operating in financial markets.
No amount of the Tranche B Term Loan repaid or prepaid by the US Borrower may be reborrowed hereunder, and no Borrowing under the Tranche B Term Loan Facility shall be allowed other than the advance set forth in the first sentence of this Section 2.01(b) and any Incremental Tranche B Term Loan advanced as part of any Facilities Increase.
To the extent that this proportionality can only be achieved by prepaying Loans borrowed under the B Term Loan Facility with amounts borrowed under the C Term Loan Facility, the Company must borrow C Term Loans and prepay B Term Loans to the extent required.
No C Term Loan shall be drawn unless the B Term Loan Facility has been utilised in full.
Each of the requirements in the proviso to the definition of "Termination Date" in subsection 1.1 of the Credit Agreement and in the parenthetical in clause (ii) of subsection 3.1(a) of the Credit Agreement are hereby waived to the extent necessary to ensure that the Refinancing and the Tranche B Term Loan Facility constitute a refinancing of the 1996 Senior Notes as contemplated thereby; and accordingly the Termination Date is and shall remain December 31, 2006, for all purposes under the Loan Documents.
In addition, Borrowers will use all proceeds of the Tranche A Term Loan Facility, the Tranche B Term Loan Facility, the Tranche C Term Loan Facility, the Tranche D Term Loan Facility, the Dollar Revolving Facility and the Multicurrency Revolving Facility (i) to repay the loans under the Existing Credit Agreement and pay related fees and expenses and (ii) to provide financing for general corporate purpose (including working capital requirements) of Company, the Borrowers and their respective Subsidiaries.
Each Tranche B Term Loan Lender shall, pursuant to the terms and subject to the conditions of this Agreement, make available by wire transfer to the Administrative Agent not later than 12:00 noon New York time on the Closing Date, the amount of its Pro Rata Tranche B Term Share of the Tranche B Term Loan Facility then in effect.
As among the Term Loans of any Tranche, prepayments shall be applied 75% ratably to the respective remaining installments thereof and 25% in the direct order to the respective next four installments thereof (or, to the extent that the aggregate principal amount of the next four installments of the Tranche A Term Loan Facility or the Tranche B Term Loan Facility, as the case may be, is less than such 25%, the excess shall be applied ratably to the respective remaining installments thereof).