Definition of Facility B

  1. Facility B means the revolving loan facility made available under this Agreement as described in Clause 2 (The Facilities).
  2. Facility B means $10,000,000 (ten million dollars).

Examples of Facility B in a sentence

  1. (c) The Loans comprising each Overnight LIBO Borrowing (including each Facility B Swingline Loan other than any Canadian Swingline Loan and each Facility B Protective Advance other than any Canadian Protective Advance) shall bear interest at the Overnight LIBO Rate plus the Applicable Spread.
  2. Interest on Facility B shall accrue at a rate per annum during each 30 day interest period equal to 30 day LIBOR plus 4.65%.
  3. THE FINANCIAL INSTITUTIONS listed in Part II of Schedule 1 (The Original Lenders) as Facility B lenders (the "Original Facility B Lenders" and together with the Original Facility A Lenders, the "Original Lenders"); and

Definition of Facility B in Facility Agreement

Facility B means the revolving loan facility made available under this Agreement as described in Clause 2 (The Facilities).


Definition of Facility B in Facilities Agreement

Facility B means the facility under which Borrower may request Bank to issue Facility B Advances, as specified in Section 2.1(c) hereof.


Definition of Facility B in Loan and Security Agreement

Facility B means the revolving loan facility made available under this Agreement as described in Clause 2.1(B) (Grant of Facilities).