Examples of Term B Facilities in a sentence
The Borrower will use commercially reasonable efforts to maintain (i) a public corporate credit rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’x, in each case in respect of the Borrower, and (ii) a public rating (but not any specific rating) in respect of each of the Term B Facilities from each of S&P and Xxxxx’x.
Each such prepayment of any Term B Advances shall be applied ratably to each of the Term B Facilities and to the remaining installments thereof on a pro rata basis.
The Borrower will use commercially reasonable efforts to maintain (i) a public corporate credit rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Mxxxx’x, in each case in respect of the Borrower, and (ii) a public rating (but not any specific rating) in respect of each of the Term B Facilities from each of S&P and Mxxxx’x.
Amount and Tenor: 8-1/2 year reducing revolving loan facility (the "Revolving Facility"; the commitments thereunder are the "Revolving Commitments"; the Revolving Facility, the Term B Facilities and the Incremental Facility, if any, collectively, are the "Credit Facilities") in the amount of $175,000,000 (the loans thereunder, together with (unless the context otherwise requires) the Swingline Loans referred to below, being the "Revolving Loans").
STRUCTURE The Senior Credit Facility provides for (pound)364.9 million of loan facilities comprising (i) Term A and Term B Facilities and (ii) the Working Capital Facility (each as described below) and the ancillary facilities that may be provided therein.