Term Facility B means the portion of the Credit previously available under this Credit Agreement which will have been repaid in full by the Borrower concurrently with any Advances hereunder on and after the Sixth Amendment Closing Date;
Except as set forth in Section 2.3(b), the Term Facility B Loan shall bear interest on the unpaid principal amount thereof at a per annum rate equal to the Prime Rate plus one percent (1.0%).
Nothing in this Agreement shall be interpreted as authorizing the Borrower to borrow by way of Libor Advances for a Designated Period or Bankers Acceptances having a contract maturity expiring on a date which results in a situation where Term Facility B or Term Facility C cannot be reduced as required by this Agreement, or on a date which is after the expiry of the relevant Term.
As of 24 October 2016, 8.0 billion USD remained outstanding under the Term Facility B.
Pursuant to the Loan Agreement, the Term Facility A and Term Facility B (collectively Thor II) are originally due and payable in full on December 31, 2010.
Term Facility C Lenders hereby expressly agree to the prior repayment of Term Facility B, notwithstanding any provisions requiring pro rata payment contained in the Credit Agreement, including Sections 2.05 and 2.06 thereof.