Facility B Advance definition

Facility B Advance means an Advance made pursuant to Section 2.1(b) hereof ------------------ -------------- in order to refinance the outstanding Facility B Advances under the Existing Credit Agreement as of the Agreement Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Facility B Advance means a Facility B Revolver Advance or an Advance of a Facility B Term Loan (as applicable).

Facility B Advance means (i) each borrowing of a portion of the Commitments under Facility B by a Borrower or (ii) (as the context may require) the principal amount of such borrowing for the time being outstanding and, for the avoidance of doubt, includes the borrowing of, or the principal amount of, the Conversion Advance;

Examples of Facility B Advance in a sentence

• Each Interest Period for an Advance will commence on its Utilisation Date or (in the case of each subsequent Interest Period for a Facility B Advance or Facility C Advance) the expiry of its preceding Interest Period.

• The amount of the Facility B Advance for the next Interest Period will be determined by notionally converting into that Optional Currency the Original Euro Amount of the Facility B Advance on the basis of the Agent’s Spot Rate of Exchange three Business Days before the commencement of that Interest Period.

• If a Facility B Advance is to be repaid or prepaid by reference to an Original Euro Amount, the Optional Currency amount to be repaid or prepaid shall be determined by reference to the Agent’s Spot Rate of Exchange used for determining the Optional Currency amount of that Facility B Advance under Clause 5.4(c) (Participations in Advances) or, if applicable, the Original Exchange Rate.

• Each Facility B Loan shall be in an amount equal to at least $1,000,000 (or, if less, the aggregate remaining unused amounts of all Facility B Lenders' Facility B Commitments) (unless such Facility B Loan is to be comprised of Advances under Tranche 3 of Facility B, in which case there shall be no minimum amount for such Facility B Advance) and shall consist of Facility B Advances made on the same day by the Facility B Lenders ratably according to their respective Facility B Commitments.

• The Interest Period in relation to each Facility B Advance shall be of a duration equal to the Term of such Facility B Advance.

More Definitions of Facility B Advance

Facility B Advance means, save as otherwise provided herein, an advance made or to be made by the Banks under Facility B.

Facility B Advance means an advance made or to be made under Facility B (including, unless the context otherwise requires, any Dollar Swingline Advance and any Euro Swingline Advance) or the principal amount outstanding for the time being of that advance.

Facility B Advance means an advance made to UPC Distribution under Facility B. Facility B Availability Period means the period from and including the Signing Date up to and including 31st December, 2003 or such earlier date on which the Total Facility B Commitments have been cancelled in full or such later date as all the Lenders may agree in writing.

Facility B Advance means an advance made to the Borrower under Facility B;

Facility B Advance means a term loan made pursuant to Facility B.

Facility B Advance means any advance made under Facility B.

Facility B Advance or "Facility B Advances" means a cash advance or cash advances under Facility B.