Facility B Borrower definition
Examples of Facility B Borrower in a sentence
In connection with Loan Facility B, Borrower agrees to pay Lender an additional fee when the outstanding principal balance is less than the Maximum Principal Balance available.
The Facility B Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act of 1940.
Facility B loans shall be repaid with cash distributions from the Facility A Borrower to the Facility B Borrower, prior to any distributions being made by the Facility B Borrower under Section 4.8 of the JV Agreement.
The proceeds of Facility B shall be used for the sole purpose of paying operating expenses of Facility B Borrower (but specifically excluding Technology Maintenance Fees (as defined in the JV Agreement) payable to Solazyme, Inc.).
To evidence Borrower's obligation to repay all amounts outstanding to Bank of America, under Bank of America's commitment for Facility B, Borrower shall execute and deliver to Bank of America, on or prior to the Effective Date, that certain Promissory Note (Facility B) dated as of even date herewith made payable to Bank of America in the stated principal amount of Twelve Million Five Hundred Thousand Dollars ($12,500,000) (the "Bank of America Facility B Note").
Facility B: A * revolving loan facility (“Facility B Revolving Loans” and, together with the Facility A Revolving Loans, the “Revolving Loans”) made to the Facility B Borrower in the aggregate amount of * (the “Facility B Maximum Amount”).
A Facility B Borrower (or the Company on behalf of a Facility B Borrower) shall select the currency of a Facility B Loan in the Utilisation Request for that Loan.
To evidence Borrower's obligation to repay all amounts outstanding to Bank of Ireland under Bank of Ireland's commitment for Facility B, Borrower shall execute and deliver to Bank of Ireland, on or prior to the Effective Date, that certain Promissory Note (Facility B) dated as of even date herewith made payable to Bank of Ireland in the stated principal amount of Six Million Two Hundred Fifty Thousand Dollars ($6,250,000) (the "Bank of Ireland Facility B Note").
Facility B Borrower Company Name Company Number Country of Registration C.