Term Facility B definition
Examples of Term Facility B in a sentence
All unpaid amounts of principal and interest shall be due and payable in full on the Term Facility B Maturity Date.
Accommodations under Term Facility B may be made available as Libor Advances or as US Prime Rate Advances.
The Term/RCF Borrower shall pay all accrued interest on a Senior Term Facility B Loan made to it on each Interest Payment Date, in accordance with the requirements of clause 31 ( ) of the Common Terms Agreement.
TO TERM FACILITY B Each Borrower shall ensure that no amount is outstanding on the Term Facility B Repayment Date in relation to a Utilisation in the form of the issuance of the Letter of Credit and shall ensure that the original Letter of Credit is returned to the Facility Agent, or else provide sufficient Cash Collateral to the Facility Agent to cover such Borrower's payment obligations thereunder in full.
All Borrowings of Term Loans and Revolving Loans shall be incurred from the Lenders pro rata on the basis of their Term Facility A Commitments, Term Facility B Commitments, or Revolving Loan Commitments, as the case may be.
If all Term Facility A Loans have been satisfied, the entire amount of Mandatory Prepayments shall be applied to Term Facility B Scheduled Repayments.
The indemnity obligations pursuant to this Clause 28.1 shall in respect of any Original Issuing Bank which is not a party to this Agreement create direct claims of such Original Issuing Bank (Vertrag zugunsten Dritter) against the Term Facility B Lenders.
TERM FACILITY B NOTE San Jose, California $12,000,000 December 21, 2001 FOR VALUE RECEIVED, Coinstar, Inc., a Delaware corporation (the "Borrower"), promises to pay to the order of Comerica Bank-California (the -------- "Lender") the principal amount of Twelve Million Dollars ($12,000,000), or, if ------ less, the aggregate amount of Term Facility B Loans (as defined in the Credit Agreement referred to below) made by the Lender to the Borrower pursuant to the Credit Agreement referred to below.
However, such Available Commitment under Term Facility B shall be re-effective only upon the cancellation and return of the Existing L/Cs.
The obligations of the Company set out in this Clause 8 shall be in addition to and independent of every other security which any Term Facility B Lender or Issuing Bank may at any time hold in respect of the Company's obligations under this Agreement or otherwise in connection with such Letter of Credit.