Examples of Facility B Loan in a sentence
Each Borrower which has drawn a Facility B Loan shall repay that Loan on the last day of its Interest Period.
The Borrower shall repay each Facility B Loan on the last day of its Interest Period.
A Canadian Borrower may only borrow a Facility B Loan or Facility B Loans pursuant to this Agreement and that Facility B Loan or Facility B Loans must be (i) drawn on the date of the first Utilisation under the Term Facilities; and (ii) denominated in the Base Currency.
A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Utilisation in the Utilisation Request for a Facility B Loan.
If at any time after 31 July 2020, the amount of the available cash, after allowing for the minimum headroom amount of EUR 1 million, of the Company (less any amount of the proceeds of any Facility B intended to be applied towards costs incurred by the Company to which Facility B Loan relates, but not yet so applied)) exceeds EUR 1.5 million, the Company has to apply, within five business days of the excess cash arising, the relevant excess cash to prepay any amounts outstanding under Facility B.