Facility B. Subject to the terms of this Agreement, the Lenders make available to the Company a multicurrency revolving credit facility, in an aggregate amount equal to the Total Facility B Commitments.
Facility B. Subject to the terms and conditions hereof, during the Term of this Agreement, Bank hereby agrees to make such loans (individually, a "Facility B Loan" and collectively, the "Facility B Loans") to Borrowers, jointly and severally, as any of the Borrowers may from time to time request pursuant to Section 3.2. The aggregate principal amount of Facility B Loans which Bank, cumulatively, shall be required to have outstanding hereunder at any one time shall not exceed Four Million Seven Hundred Thousand Dollars ($4,700,000.00) from the date hereof until November 29, 1998, which amount shall thereafter be reduced by One Hundred Fifty Thousand Dollars ($150,000.00) on each February 28, May 31, August 31 and November 30, with the first such reduction on November 30, 1998. This commitment of Bank is herein sometimes referred to as the "Bank's Facility B Commitment." Subject to the terms and conditions hereof, Borrowers may jointly and severally borrow, repay and reborrow such sums from Bank, provided, however, that the aggregate principal amount of all Facility B Loans outstanding under Bank's Facility B Commitment at any one time shall not exceed Bank's Facility B Commitment then available hereunder. Bank and Borrowers agree that all Loans (but not including Letters of Credit which in all cases shall be issued under Facility A) outstanding under this Agreement shall first be made under Facility B up to the Bank's Facility B Commitment, and then shall be made under Facility A, and all principal payments shall be applied, first to the outstanding principal under Facility A until paid in full, and then to the outstanding principal under Facility B.
Facility B. SunOpta Food Group may increase or reduce the amount of Advances outstanding under Facility B by borrowing, repaying and reborrowing Alternate Base Rate Loans, Libor Loans and Swing B Loans and by causing the issue and re-issue of Letters of Credit from time to time.
Facility B. Subject to the terms of this Agreement, the Lender makes available to the Borrower a US dollar term loan facility in an aggregate amount equal to the Facility B Commitment.
Facility B. Subject to the terms of this Agreement, the Lenders make available to the Company a term loan facility in an aggregate amount equal to the Total Facility B Commitments.
Facility B. Subject to the terms of this Agreement, the Facility B Lender makes available to the Borrower a dollar-denominated bullet loan facility in an amount equal to the Facility B Commitments.
Facility B. Subject to the terms and conditions contained herein and until the Termination Date, Lenders shall make loans to Borrower under Facility B on a revolving basis in amounts requested by Borrower from time to time (the “Facility B Loans” and each, a “Facility B Loan”) in an aggregate amount outstanding at any time not to exceed the lesser of $30,000,000.00 or the amount permitted by paragraph (f) of this Section 2.02. In addition, each Facility B Loan shall be in an aggregate amount that is an integral multiple of $500,000.00, and no such Facility B Loan shall be less than the Minimum Loan. Availability under Facility B shall be reduced by the amount outstanding of the sum of any Term Loans. Facility B Loans may, upon request of Lenders, be evidenced by a Revolving Loan Note in the form attached hereto as Exhibit A.
Facility B. Each Lender agrees to lend to Borrower its Pro Rata Part of a single Loan under Facility B, which, after it has been prepaid, may not be reborrowed. The Loan under Facility B is subject to the following conditions:
(a) The Loan under Facility B must occur on or before July 1, 1998;
(b) The Loan must be in an amount equal to the Facility B Commitment; and
(i) The Facility B Principal Debt may not exceed the Facility B Commitment; (ii) no Lender's Pro Rata Part of the Facility B Principal Debt may exceed such Lender's Commitment for Facility B; and (iii) the Facility B Principal Debt, when aggregated with the Facility A Commitment Usage and the Facility C Principal Debt, may not exceed the Total Commitment.
Facility B. The proceeds of Advances made under Facility B shall be used by SunOpta Food Group solely to provide for the ongoing general corporate and working capital purposes of SunOpta Food Group and its Subsidiaries and divisions or for lending to other Obligors.
Facility B. The Facility B Advances shall be repaid to the Lender in consecutive principal installments of $300,000 (or such lesser amount as is then outstanding with respect to Facility B), which shall be payable on the last day of each January, April, July and October, with the first such installment to be paid on July 31, 2000, and the last such installment to be paid on October 31, 2004, at which time the entire unpaid principal and accrued but unpaid interest with respect to the Facility B Advances shall be due and payable in full.
