Examples of Facility B Borrowers in a sentence
One or more Ancillary Facilities may from time to time be established in favour of one or more Facility B Borrowers and Facility C Borrowers, in each case, which are also a Guarantor, in accordance with this Clause 7 by designating all or part of the Facility B Commitment or Facility C Commitment of a Lender as an Ancillary Commitment.
The purpose of Facility A is to refinance the outstanding indebtedness of Facility A Borrowers under the Bridge Loan Agreement, and the purposes of Facility B are to (i) refinance the outstanding indebtedness of the Facility B Borrowers under the Bridge Loan Agreement and for on-lending to PHG for repayment of its indebtedness under the Bridge Loan Agreement and (ii) for general corporate and working capital requirements of the Facility B Borrowers.
Subject to the terms and conditions of this Agreement, the Lender hereby establishes a non- revolving credit facility for the Facility B Borrowers (“Facility B”) in the maximum principal amount equal to the Facility B Limit.
Ancillary Facilities of not more than EUR1 million (approximately HK$9.8 million) may be made available to each of the Facility B Borrowers respectively on a bilateral basis and on normal commercial terms by the Ancillary Lender to the Facility B Borrowers in place of part of the Ancillary Lender’s unutilised Facility B Commitment (which shall be reduced by the amount of the Ancillary Facility commitment).
The Facility B Borrowers may, by giving the facility agent not less than 60 days prior written notice, request that Facility B be increased by a maximum of EUR30 million (approximately HK$294 million).
Facility B Borrowers: The Original Borrowers and any Additional Borrower.Ranking: Guaranteed and secured as set out in Section 5 (Obligors, Guarantees and Transaction Security) and ranking (i) pari passu with the other Facilities and (ii) in priority to the Junior Facilities.
Subject to majority Mandated Lead Arrangers’ consent, the Facility B Borrowers shall have the right to request other banks or financial institutions to participate in the increase if one or more of the Mandated Lead Arrangers have refused the request of the Facility B Borrowers to increase Facility B.
Subject to the consent of the Agent, the Facility B Borrowers shall have the right to request other banks or financial institutions to participate in the increase if one or more of the existing Lenders have refused the request of the Facility B Borrowers to increase Facility B.
During the reporting period, the construction revenue under BOT arrangements of approximately RMB26,692,000 was achieved, which not only brought construction revenue under BOT arrangements to the Group, but also accumulated valuable experience in the exploration of business model and formed good competitive edge for the Group, as well as laid a solid foundation for the Group to develop investment and operation projects in the future.
When the increased option is exercised by the Facility B Borrowers and accepted by the lenders, a separate agreement will be entered into between the relevant Facility B Borrowers, the Guarantors and the Agent (on behalf of each Finance Party).