Facility B2 definition

Facility B2 means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Facility B2 means the euro term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities). “Facility B2 Commitment” means:

Facility B2 means the term loan facility referred to in Clause 2.1(c) (Facilities);

Examples of Facility B2 in a sentence

The Accommodations Outstanding (i) to all Facility B-2 Lenders under the Facility B-2 Tranche shall not at any time exceed the Facility B-2 Commitment; and (ii) to each Facility B-2 Lender under the Facility B-2 Tranche shall not at any time exceed such Lender’s Commitment under the Facility B-2 Tranche.
The Borrower may not deliver a Utilisation Request if as a result of the proposed Loan more than 1 Facility B1 Loan and 1 Facility B2 Loan would be outstanding.
Any reduction in respect of Facility B shall be made on a pro rata basis between Facility B-1 and Facility B-2.
Such voluntary prepayments of the Facility A Loan, the Facility B1 Loan, the Facility B2 Loan and the Facility B3 Loan shall be applied against the relevant Repayment Instalments in accordance with clause 6.2.4 (Effect of cancellation and prepayment on scheduled repayments).
Accommodations under the Facility B-1 Tranche may be made available (i) as US Prime Rate Advances pursuant to Article 3 or (ii) as Libor Advances pursuant to Article 3 and, under the Facility B-2 Tranche, (i) as Prime Rate Advances pursuant to Article 3 or (ii) as Bankers’ Acceptances pursuant to Article 4.
Each Revolving Lender and Facility B-2 Lender shall (i) maintain a record with respect to any BA Instrument completed in accordance herewith, voided by it for any reason, accepted and purchased by it hereunder, and canceled at their respective maturities; and (ii) retain such records in the manner and for the statutory periods provided in the various provincial or federal statutes and regulations which apply to such Lender.
Holdings hereby acknowledges, ratifies, confirms and affirms that the Facility A Notes, the Facility B-1 Notes, the Facility B-2 Notes, the Facility C-1 Notes and the Facility C-2 Notes have been issued as set forth in the Amended and Restated Loan Agreement.
Exclusive Resorts hereby acknowledges, ratifies, confirms and affirms that the Facility A Notes, the Facility B-1 Notes, the Facility B-2 Notes, the Facility C-1 Notes and the Facility C-2 Notes have been issued as set forth in the Amended and Restated Loan Agreement.
Upon the making of each Facility B Term Loan hereunder, the Borrower shall designate such Loan as a "Sub-Series" of Facility B Term Loans hereunder (the first such Sub-Series being the Facility B-1 Term Loans, the second such Sub-Series being the Facility B-2 Term Loans, and so forth).
A Lender may, if it gives the Agent not less than 5 Business Days’ prior notice, elect to waive all or a specified part of its share of that prepayment of Facility B2 if the amount waived can be applied to prepay Facility A Loans and Facility B1 Loans.

More Definitions of Facility B2

Facility B2 means the euro term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

Facility B2 means the USD term loan facility made or to be made available under this Agreement as described in Clause 2.1(c) (The Facilities).

Facility B2 means the €335.0 million term loan B2 facility established under

Facility B2 means the invoice discounting facility made available under the Invoice Discounting Agreement as described in Clause 6A.

Facility B2 means the facility made available under the VAT Facility Agreement, designated therein as "Facility B2" and referred to in Subclause 2.4 (Facility B2). Facility B2 Loan means a Loan made available under Facility B2.

Facility B2 and "Facility B3" and that such facilities correspond to Facility A, Facility B1, Facility B2 and Facility B3, respectively, of this Agreement. At the request of the Borrower, the Parties have agreed that the interest periods and interest rates applicable on the date of the first Utilisation Date to the Facilities (as defined in the Existing Facilities Agreement) of the Existing HSH Debt shall apply to their "corresponding" Facility A Loan and Facility B Loans (as the case may be) as from the first Utilisation Date, and the Interest Periods in respect of each such Loan shall be determined accordingly. At the end of such Interest Periods, the normal interest rate fixing provisions of this Agreement shall apply to such Loans.