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Facility B Loan Sample Clauses

Facility B LoanThe 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. 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 LoanThe 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. 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. (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 under the terms loans provided under the Existing Loan Agreement. 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 LoanThe 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. (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. (A) Subject to the terms and conditions of this Agreement, the Bank agrees to make a loan (the "Facility B Loan") to the Borrower, pursuant to which the Bank will, until June 30, 2002 (the "Facility B Maturity Date"), make advances (each, a "Facility B Advance") to or for the account of the Borrower upon the request of the Borrower from time to time. Proceeds of the Facility B Loan shall be used to finance working capital and other general corporate purposes. The aggregate amount of Facility B Advances that are outstanding at any time, plus the aggregate amount of Letters of Credit outstanding at such time, shall not exceed: (i) until the Romtec Acquisition Closing has occurred, $6,500,000; or (ii) after the Romtec Acquisition Closing, the difference from time to time obtained by subtracting the aggregate principal balance of all Facility A Loans from $10,000,000 (such difference being referred to as the "Facility B Commitment Amount"). Within such limits, the Borrower may borrow, prepay without penalty or premium, and reborrow Facility B Advances from time to time. Each Facility B Advance shall be in an amount not less than $50,000. The initial Facility B Advance made concurrently with the Closing shall be in an amount necessary to refinance and recast the outstanding
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.
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. 2.2 The Borrower shall apply all amounts borrowed by it under the Green Facility for the purpose set out in paragraph 1 (Use of Proceeds) of the Green Loan Framework.