Facility B definition

Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

Facility B means the revolving loan facility made available under this Agreement as described in Clause 2 (The Facilities).

Facility B means the Facility B Commitments and the extensions of credit made thereunder.

Examples of Facility B in a sentence

• A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure shall not exceed the LC Sublimit and (ii) the Facility B LC Exposure shall not exceed $25,000,000.

• Such amounts transferred to the Administrative Agent shall be applied against the amounts of the Swingline Lender’s Facility A Swingline Loans or Facility B Swingline Loans, as applicable, and, together with the Swingline Lender’s Applicable Percentage of such Swingline Loan, shall constitute Revolving Loans of such applicable Lenders, respectively.

• If any Borrower fails to make such payment when due, the Administrative Agent shall notify each Facility A Lender or Facility B Lender, as applicable, of the applicable LC Disbursement, the payment then due from the Borrowers in respect thereof and such Lender’s Applicable Percentage thereof.

• Each Facility A Lender or Facility B Lender, as applicable (other than the Swingline Lender, in the case of the Swingline Loans) shall transfer, the amount of such Lender’s Applicable Percentage of the outstanding principal amount of the applicable Loan with respect to which Settlement is requested to the Administrative Agent to an account of such Agent as such Agent may designate, not later than 2:00 p.m., New York City time, on such Settlement Date.

More Definitions of Facility B

Facility B is defined in Section 3.01.

Facility B means the revolving credit facility made available to the Borrower under this Agreement as described in clause 7;

Facility B means the revolving credit facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities), part of which may be designated as an Ancillary Facility in accordance with Clause 6 (Ancillary Facilities).

Facility B means the liquidity loan facility made available under this Agreement as described in Clause 2.1(b) (The Facilities).

Facility B means the term loan facility in RMB offered hereunder pursuant to Section 2 (Facilities).

Facility B means the revolving credit facility made available under this Agreement as described in Clause 2 (The Facilities), part of which may be designated as Ancillary Facilities in accordance with Clause 9 (Ancillary Facilities).

Facility B has the meaning given to such term in Clause 2.1(b) (Facility A and Facility B).