Examples of Tranche B Facility in a sentence
Without limiting the generality of the foregoing, the Administrative Agent may require that (x) any payment by any Borrower due under this Agreement, other than any payment to be made in respect of the Tranche B Facility or the Tranche C Facility, be made in the United States, (y) any payments to be made by TCCI in respect of the Tranche B Facility be made in Canada and (z) any payment to be made by TFA in respect of the Tranche C Facility be made through the applicable Australian Sub-Agent’s Office.
Without limiting the generality of the foregoing, the Administrative Agent may require that (x) any payment by any Borrower due under this Agreement, other than any payment to be made in respect of the Tranche B Facility, be made in the United States and (y) any payments to be made by TCCI in respect of the Tranche B Facility be made in Canada.
Additionally, the Exit Facility Documents shall provide that Tranche A Facility Notes shall have priority over the Tranche B Facility Notes, which shall have priority over the Tranche C Facility Notes.
For Tranche B Facility, interest is levied at a floating interest rate of six-month JPY TIBOR plus 150 basis points per annum.
Tranche B Facility is short-term working capital loan facility of Baht 120 million in the form of promissory notes, bank overdrafts and letters of credit.