Facility B Advances definition

Facility B Advances means Facility B Principal Advances, Facility B Interest Advances, Facility B Swap Advances and the Facility B Intercompany Interest Advances;
Sample 1Sample 2
Facility B Advances. (as such term is defined in the Existing Credit Agreement", which original Facility B Advances were used by the Borrower solely to purchase real property to be utilized as the corporate headquarters for the Borrower.
Sample 1Sample 2
Facility B Advances means a cash advance or cash advances under Facility B.
Sample 1Sample 2

Examples of Facility B Advances in a sentence

  • Each Facility B Repayment Instalment (other than the last) shall be in an Original Euro Amount equal as nearly as possible (rounded upwards if necessary) to the percentage, set out in column (2) below opposite the relevant Facility B Repayment Date, of the total outstanding amount of Facility B Advances on the last day of the Facility B Availability Period.

  • Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Advances exceed the Facility B Commitment.

  • Except as set forth in ----------------------------- Section 2.3(b), all Equipment Facility B Advances shall bear interest, on the average daily balance thereof, at a per annum rate equal to one-quarter of one percentage point (0.25%) above the Prime Rate.

  • Each Facility B Loan shall be in an amount equal to at least $1,000,000 (or, if less, the aggregate remaining unused amounts of all Facility B Lenders' Facility B Commitments) (unless such Facility B Loan is to be comprised of Advances under Tranche 3 of Facility B, in which case there shall be no minimum amount for such Facility B Advance) and shall consist of Facility B Advances made on the same day by the Facility B Lenders ratably according to their respective Facility B Commitments.

  • Borrower may prepay any Facility B Advances without penalty or premium.

  • A Loan consisting of simultaneous Facility B Advances made by the Facility B Lenders.

  • Each Lender severally agrees, upon the terms and ------------------- subject to the conditions of this Agreement, to purchase on the Agreement Date a portion, equal to its Specified Percentage of the Facility B Commitment, of the then-outstanding balance of the Facility B Advances under the Existing Credit Agreement.

  • The aggregate of the Dollar Amount of all Facility B Advances shall at no time exceed the Total Commitments in respect of Facility B (save where the Conversion Advance has been drawn).

  • Except as set forth in Section 2.3(b), the Facility B Advances shall bear interest, on the outstanding daily balance thereof, at a variable rate equal to two percent (2%) above the Prime Rate.

  • Bank is authorized to make Facility B Advances under this Agreement, based upon instructions received from a Responsible Officer or a designee of a Responsible Officer, or without instructions if in Bank's discretion such Facility B Advances are necessary to meet Obligations which have become due and remain unpaid.


More Definitions of Facility B Advances

Facility B Advances. The first $500,000,000 of Cash Advances and/or Credit Advances, other than Qualcomm Advances, made after all Facility A Ad- vances have been made.
Sample 1Sample 2
Facility B Advances. In the case of Facility B Advances:
Sample 1
Facility B Advances outstanding thereunder, (b) to combine "Terra Facility A" and the "Terra Working Capital Facility" into one working capital facility hereunder and to increase the aggregate Commitments thereunder and (c) to make certain other changes to the Existing Credit Agreement and the other Loan Documents, all on the terms and conditions set forth herein, it being the intention of the parties hereto that the advances and letters of credit outstanding under the Existing Credit Agreement on the Restatement Date shall continue and remain outstanding and not be repaid on the Restatement Date. Credit Agreement ----------------
Sample 1
Facility B Advances accurately summarises its participation in the Credit Agreement and the Interest Period in respect of any existing Facility A Advances or Facility B Advances and (ii) requests the Transferee to accept and procure the transfer by novation to the Transferee of the Portion Transferred (specified in the schedule hereto) of its Facility A Commitment and Facility B Commitment and its participation in such Facility A Advance(s) and Facility B Advance(s) by counter-signing and delivering this Transfer Certificate to the Facility Agent at its address for the service of notices specified in the Credit Agreement.
Sample 1

Related to Facility B Advances

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Revolving Advances means Advances made other than Letters of Credit.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09, (b) assignments by or to such Lender pursuant to Section 9.04 and (c) Section 2.22. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment or in the supplement to this Agreement pursuant to which such Lender shall have provided an additional Facility B Commitment in accordance with Section 2.22, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Term Loan as defined in Section 2.1.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.