Class B Facility Amount definition
Class B Facility Amount means $0, as increased in connection with a Facility Increase.
Class B Facility Amount. The aggregate Class B Commitments then in effect; provided that such amount may not at any time exceed $100,000,000 without the written agreement of the parties hereto; provided further that, on or after the Termination Date, the Class B Facility Amount shall mean the Class B Advances Outstanding.
Class B Facility Amount. Initially the Maximum Facility Amount applicable to the Class B Advances, as such amount may vary from time to time pursuant to Section 2.3 hereof; provided that on or after the Reinvestment Period End Date, the Class B Facility Amount shall mean the Class B Advances Outstanding.
Examples of Class B Facility Amount in a sentence
If such Lender continues to be a Defaulting Lender for thirty (30) days, the Borrower shall have the right, but not the obligation, to prepay such Defaulting Lender or reduce the Class A Facility Amount or Class B Facility Amount, as applicable, with respect to such Defaulting Lender in each case without penalty.
More Definitions of Class B Facility Amount
Class B Facility Amount means $20,000,0000, as increased in connection with a Facility Increase.
Class B Facility Amount. An amount equal to the aggregate Commitments of all Class B Purchasers.
Class B Facility Amount means (a) on or prior to the Termination Date, $0 and (b) following the Termination Date, the outstanding principal balance of all the Class B Advances.
Class B Facility Amount. “Class B Incremental Amount,” “Class B Program Limit,” “Class B Fundamental Amendment,” “Required Lenders,” “Secured Parties,” “Maximum Available Amount,” “Maximum Committed Available Amount,” “Class A Maximum Available Amount,” “Class A Maximum Committed Available Amount,” “Class B Maximum Available Amount,” “Class B Maximum Committed Available Amount,” “Class A Borrowing Base,” “Class B Borrowing Base,” “Class A Maximum Advance Rate Test,” “Class B Maximum Advance Rate Test,” “Class A Maximum Committed Advance Rate Test,” “Class B Maximum Committed Advance Rate Test,” “Collateral,” “Collateral Receivable,” “Class A Advance Rate,” “Class B Advance Rate,” “Facility Documents” or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof, (h) extend the Reinvestment Period or the Amortization Period, (j) release the Sponsor from its obligations under the Sponsor Indemnity Agreement, (k) terminate or remove any Seller’s obligations to repurchase receivables pursuant to the Receivable Purchase Agreement, or (l) change the currency required for payments of Obligations under this Agreement.