Facility B Limit definition

Facility B Limit means the Equivalent Amount in Canadian Dollars of Twenty Two Million Seven Hundred Fifty Thousand United States Dollars (USD$22,750,000).
Sample 1Sample 2Sample 3
Facility B Limit means One Hundred Fifteen Million Dollars ($115,000,000).
Sample 1Sample 2
Facility B Limit means Fifteen Million Dollars ($15,000,000).
Sample 1Sample 2

Examples of Facility B Limit in a sentence

  • The aggregate principal amount of all Advances under Facility B shall not exceed the Facility B Limit.

  • 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.

  • Any such voluntary Repayment shall be applied against the Borrower's obligations to make scheduled Repayments under Facility B (including the final Repayment of the Outstanding Principal Amount on the Maturity Date) in reverse chronological order; and the Facility B Limit shall be automatically and permanently reduced by any such voluntary Repayment.

  • For greater certainty, the Borrowers shall be entitled to obtain Advances under Facility B from time to time and repay all or any portion of the Outstanding Advances under Facility B from time to time; provided that the Outstanding Advances under Facility B shall not exceed the Facility B Limit.

  • The Borrowers may at any time and from time to time upon not less than two (2) Business Days' prior written notice to the Agent, without penalty or fee, cancel any unadvanced portion of Facility B in a minimum amount and a multiple of One Hundred Thousand Dollars ($100,000), in which event the Facility B Limit shall be reduced by the amount so cancelled.

  • The Facility B Limit shall be automatically and permanently reduced by the amount of any such Prepayment.

  • The Borrower may also from time to time upon forty-five (45) Business Days' prior written notice to the Agent, cancel any unadvanced portion of Facility B, in which event the Facility B Limit shall be reduced by the amount so cancelled.


More Definitions of Facility B Limit

Facility B Limit means, on any date, the lesser of (x) the sum of (i) ---------------- $300,000,000 minus (ii) the excess (if any) of the principal amount of the ----- Facility A Advances outstanding on such date (after giving effect to all Facility A Advances to be made on such date) over $200,000,000, and (y) the Facility Limit less the outstanding principal amount of the Facility A Advances, ---- each computed as of such date and after giving effect to all Facility A Advances to be made on such date.
Sample 1
Facility B Limit means Six Million Dollars ($6,000,000).
Sample 1
Facility B Limit means Euro 250,000,000 as reduced pursuant to the terms of this Agreement, including, without limitation, clause 6.3;
Sample 1
Facility B Limit means (i) from the Original Closing Date to and including December 1, 2020, One Hundred Fifteen Million Dollars ($115,000,000), and (ii) thereafter, Sixty Million Dollars ($60,000,000).
Sample 1
Facility B Limit means L67,977,958;
Sample 1
Facility B Limit means Sixty Million Dollars ($60,000,000) or such lesser amount as may result from a Prepayment under Facility B or the voluntary cancellation of an unadvanced portion of Facility B by the Borrower pursuant to section 3.08;
Sample 1

Related to Facility B Limit

  • Facility Limit means $250,000,000 as reduced from time to time pursuant to Section 2.02(e). References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $150,000,000.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Swingline Amount means $5,000,000.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Maximum Facility Output means the maximum (not nominal) net electrical power output in megawatts, specified in the Interconnection Service Agreement, after supply of any parasitic or host facility loads, that a Generation Interconnection Customer’s Customer Facility is expected to produce, provided that the specified Maximum Facility Output shall not exceed the output of the proposed Customer Facility that Transmission Provider utilized in the System Impact Study. Maximum State of Charge:

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.