Facility B Revolving Loan definition

Facility B Revolving Loan means a loan made by a Revolving Lender pursuant to its Facility B Commitment.
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Facility B Revolving Loan has the meaning specified in Subsection 2.1(b).
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Facility B Revolving Loan shall have the meaning given to that term in clause (i) of Subparagraph 2.01(b).
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Examples of Facility B Revolving Loan in a sentence

  • Except as otherwise provided herein, Borrowers may borrow, repay and reborrow Facility B Revolving Loans until the Facility B Revolving Loan Maturity Date.

  • Borrowers shall pay accrued interest on the unpaid principal amount of each Facility B Revolving Loan in arrears (A) in the case of a Base Rate Loan, on the last day of the month of each March, June, September and December, (B) in the case of a LIBOR Loan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months); and (C) in the case of all Facility B Revolving Loans, upon prepayment (to the extent thereof) and at maturity.

  • Borrowers shall repay the principal amount of the Facility B Revolving Loans in full on the Facility B Revolving Loan Maturity Date.

  • All Facility B Revolving Loans shall be made on a pro rata basis by Facility B Lenders in accordance with their respective Facility B Proportionate Shares, with each Facility B Revolving Loan Borrowing to be comprised of a Facility B Revolving Loan made by each Facility B Lender equal to such Facility B Lender's Proportionate Share of such Facility B Revolving Loan Borrowing.

  • If payment of such costs is not made within ten (10) days of the Bank’s demand therefor, the Bank may, and the Borrower irrevocably authorizes the Bank to, charge the Borrower’s account with the Bank or make an advance under the Facility A Revolving Loan or the Facility B Revolving Loan in order to satisfy such obligation of the Borrower.

  • The Borrower acknowledges that, as of January 8, 2013, the aggregate outstanding principal balance under the Facility A Revolving Loan was $13,000,000.00 and the aggregate outstanding principal balance under the Facility B Revolving Loan was $0.00.

  • The obligations of Facility B Lenders to make the Term Loans comprising the Term Loan Borrowing also are subject to receipt by Agent, on or prior to the Facility B Revolving Loan Maturity Date, of a Term Loan Note for each Facility B Lender so requesting such a note, duly executed by the applicable Borrower.

  • Unless Borrower converts all Facility B Revolving Loans outstanding on the Facility B Revolving Loan Maturity Date into term loans pursuant to Subparagraph 2.02(b), Borrower shall repay the outstanding principal amount of all Facility B Revolving Loans on such date.

  • The Company shall use the proceeds of the Facility B Revolving Loan to make capital contributions and loans to the Guarantors for working capital expenditures, and for issuance of standby letters of credit pursuant to Article III hereof in the ordinary course of business.

  • Each Facility B Revolving Loan, together with accrued interest thereon, shall be due and payable on the date that is ninety (90) days from the end of the Advance Period in which such Borrowing was made.


More Definitions of Facility B Revolving Loan

Facility B Revolving Loan has the meaning assigned to such term in Section 2.04(b).
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Facility B Revolving Loan has the meaning specified in Section 2.01(b), and may be a Base Rate Loan or a Eurodollar Rate Loan.
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Facility B Revolving Loan means a loan made or to be made under Facility B which has not been converted into a Facility B Term Loan pursuant to the Term Out Option or the principal amount outstanding for the time being of that loan.
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Facility B Revolving Loan has the meaning specified in subsection 2.01(b) of the Credit Agreement.
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Facility B Revolving Loan has the meaning specified in subsection 2.1(b). "Facility Fee" has the meaning specified in Section 2.10(b). "Facility Fee Percentage" means with respect to the Facility A Commitment or the Facility B Commitment, the per annum rates set forth below opposite the Pricing Level calculated for periods described below. The terms "Pricing Level" and "Pricing Level Change Date" shall have the meanings specified in the definition of "Applicable Margin."
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Related to Facility B Revolving Loan

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article 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

  • 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.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • 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.

  • U.S. Revolving Loan means Loans made by a Lender in respect of its U.S. Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(a) and/or Section 2.24.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.