Facility B Loan. Funds for (i) refinancing of the Existing Senior Loan, (ii) repayment of the Intercompany Loan, and (iii) payment of all fees, expenses and costs payable or incurred with respect to (i) or (ii).
Facility B Loan. If the Lender that owes the Lending Obligation with respect to the Facility B Loan does not give notice pursuant to Clause 6.1, and all the Conditions Precedent are satisfied (or all or part of the Conditions Precedent that have not been satisfied are waived) in accordance with the preceding clause, that Lender shall remit the Individual Loan Amount with respect to the Facility B Loan to the Syndicate Account by no later than noon on the Drawdown Date. The Individual Loans shall be deemed to have been made by that Lender as of the time of the remittance to the Syndicate Account.
Facility B Loan. The Borrower shall pay to the Lender the principal of the Facility B Loan in a lump sum on the Repayment Date of the Facility B Loan in accordance with the provisions of Clause 15.
Facility B Loan. The Borrower shall pay, as interest of the Facility B Loan on the Interest Payment Date and corresponding to the respective Interest Calculation Period of each Lender, in accordance with the provisions of Clause 15, the total amount of interest calculated by multiplying the principal amount of the Outstanding Individual Loan Debt with respect to the Facility B Loan during such Interest Calculation Period by: (i) the Facility B Interest Rate and (ii) the actual number of days of the Interest Calculation Period corresponding to the relevant Interest Payment Date.
Facility B Loan. (a) Facility B Loan Commitment. Subject to the terms and conditions of -------------------------- this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrowers set forth herein and in the other Loan Documents, the Lender agrees to make a Facility B Loan equal to the Facility B Loan Commitment. The Facility B Loan shall be available to the Borrowers in a single principal advance on such date as the conditions set forth in Section 3 shall have been satisfied or waived. The Facility B Loan shall be used by the Borrowers for consolidating the aggregate unpaid amount of all prior direct advances made by the Lender in connection with the Facility B Loan under the Existing Loan Agreement. Subject to Section 2.5 hereof, the Facility B Loan may be prepaid in whole or in part at any time without penalty, but shall be due in full on the Facility B Maturity Date, unless the credit extended under the Facility B Loan is otherwise accelerated, terminated or extended as provided in this Agreement.
Facility B Loan. The Facility B Loan may only be used towards financing the Acquisition, payment of financing fees and costs to the Administrative Parties, Original Lenders and their advisors and towards payment of the Acquisition Costs incurred by the Company.
Facility B Loan. Subject to the terms and conditions of, and relying upon the representations and warranties set forth in, this Agreement and the Loan Documents, Bank agrees to make a term loan ("Facility B Loan") to Borrowers on the Closing Date in the principal amount of One Million and 00/100 Dollars ($1,000,000.00).
Facility B Loan. 2.1 Subject to the terms and conditions of this Agreement and the Common Terms Agreement, the Facility B Lenders agree to make available to the Borrower a senior unsecured ZAR green use of proceeds amortising term loan facility in an aggregate principal amount not exceeding the Total Facility B Commitments.
Facility B Loan. (I) Prior to the consummation of a Qualified Equity Issuance and a Permitted Diversifying Acquisition, at all times during which the applicable period set forth below is in effect: (A) with respect to Facility B Loans consisting of ABR Advances, the percentage set forth below under the heading "ABR MARGIN" and adjacent to such applicable period and (B) with respect to Facility B Loans consisting of Eurodollar Advances, the percentage set forth below under the heading "EURODOLLAR MARGIN" and adjacent to such applicable period: ABR Eurodollar PERIOD MARGIN MARGIN ------ ------ ------ when the Leverage Ratio 0.50 % 1.75 % is greater than 4.50:1.00 when the Leverage Ratio 0.25% 1.50% is greater than 4.00:1.00 but less than or equal to 4.50:1.00 when the Leverage Ratio 0% 1.25% is greater than 3.50:1.00 but less than or equal to 4.00:1.00 when the Leverage Ratio 0% 1.00% is greater than 3.00: 1.00 but less than or equal to 3.50:1.00 when the Leverage Ratio 0% 0.75%. is less than or equal to 3.00:1.00
Facility B Loan. Subject to the terms and conditions of this Agreement, Lender hereby agrees to make, in a single advance, a loan to the Borrower on the date hereof, in the amount of $3,804,000, the proceeds of which shall be used to satisfy certain existing indebtedness of the Borrower to the Lender. Borrower's obligation to repay the Facility B Loan shall be evidenced by that certain promissory note of even date herewith ("Facility B Promissory Note"), all terms of which are incorporated herein by this reference.
