Definition of Facility B


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


Facility B means Facility B1 and Facility B2;

Facility B means $10,000,000 (ten million dollars).

Examples of Facility B in a sentence

This note has been executed and delivered under, and is subject to the terms of, the Credit Agreement dated as of March 25, 1998 (as amended, supplemented or restated, the "CREDIT AGREEMENT"), among Maker, NationsBank of Texas, N.A., as Administrative Agent, and the Lenders and other parties named in the Credit Agreement (including, without limitation, Payee) and is one of the Facility B Notes referred to in the Credit Agreement.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Facility A Agreement or the Facility B Agreement (as applicable).
Repayments of Loans under the Facility B Commitment shall be applied to the repayment schedule set forth in Section 2.7(b)(ii) in inverse order of maturity.
In no event may the Interest Period end after the Facility A Termination Date or Facility B Termination Date, as applicable.
A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure shall not exceed the LC Sublimit and (ii) the Facility B LC Exposure shall not exceed $25,000,000.