Facility B Loans. (i) On the Effective Date, (i) the "Facility B Loans" (as defined in the Existing Credit Agreement) held by the Existing Lenders under the Existing Credit Agreement shall automatically, and without any action on the part of any Person, be deemed to be Facility B Loans hereunder, (ii) the New Lenders shall be Facility B Lenders and parties hereto, and (iii) the Facility B Lenders shall take such steps, which may include the making of assignments and Facility B Loans and other adjustments among the Facility B Lenders, as shall be necessary and as the Agent shall reasonably direct so that after giving effect to such assignments and adjustments, the Facility B Lenders shall hold Facility B Loans hereunder ratably in accordance with their respective Facility B Commitments. On the Effective Date all Interest Periods under the Existing Credit Agreement in respect of the "Facility B Loans" under and as defined in the Existing Credit Agreement shall automatically be terminated (and the Company shall on the Effective Date make payments to the Existing Lenders that held such "Facility B Loans" under Section 5.05 thereof to compensate for such termination as if such termination were a payment or prepayment referred to in said Section 5.05), and, subject to the provisions of paragraph (c) below, the Company shall be permitted to Continue such "Facility B Loans" as Eurodollar Loans hereunder, or to convert such "Facility B Loans" into Base Rate Loans hereunder.
Facility B Loans. On the Facility B Maturity Date the Borrower shall repay the outstanding aggregate principal and accrued and unpaid interest under the Facility B Notes.
Facility B Loans. Facility-B Loans may only be used to support Borrower's working capital, needs. The amount of each Facility-B Loan made by Bank to Borrower hereunder shall be debited to the loan ledger account of Borrower maintained by Bank for the Facility-B Commitment (herein called the "Facility-B Loan Account") and Bank shall credit the Facility-B Loan Account with all loan repayments in respect thereof made by Borrower. When Borrower desires to obtain a Facility-B Loan, Borrower shall notify Bank (which notice shall be signed by an officer of Borrower and shall be irrevocable) in accordance with Section 2 hereof, to be received no later than 3:00 p.m. Pacific time one (1) Banking Day (as hereinafter defined) before the day on which the Facility-B Loan is to be made.
Facility B Loans. Each Facility B Loan may only be used:
(i) to repay the Existing Facility and to pay any breakage or other costs associated with such repayment;
(ii) for the general corporate and working capital purposes of the Group; and
(iii) to finance the acquisition of all outstanding shares in UTA Telekom AG (to the extent the acquisition falls within paragraph (c) of the definition of Permitted Acquisition).
Facility B Loans. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Facility B Lender severally agrees to make Facility B Loans to the Borrower at any time or from time to time on or after the date hereof to the Expiration Date; provided that after giving effect to each such Loan (i) the aggregate amount of Facility B Loans from such Lender shall not exceed such Lender's Facility B Commitment, (ii) the aggregate amount of the Revolving Credit Loans from such Lender shall not exceed such Lender's Revolving Credit Commitment minus such Lender's Ratable Share of the Letter of Credit Obligations and outstanding Swing Loans, and (iii) the Revolving Facility Usage shall not exceed the Revolving Credit Commitments. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrower may borrow, repay and reborrow pursuant to this Section 2.3.
Facility B Loans. Each Lender agrees, for itself only, subject to the terms and conditions of this Agreement, to make Term Loans to the Company pursuant to Section 2.4 and Section 3.3 from time to time to but excluding Termination Date B, not to exceed in aggregate principal amount at any time outstanding the amount determined pursuant to Section 2.1(e).
Facility B Loans. Subject to the terms and conditions of this Agreement, Lender agrees to make Facility B Loans to the Borrower from time to time from the First Amendment Effective Date through the Facility B Termination Date as requested by the Borrower in accordance with the terms of Section 2.2 provided, that (i) the aggregate principal amount of all outstanding Facility B Loans (after giving effect to any amount requested) shall not exceed the Facility B Commitment as then in effect and (ii) the aggregate principal amount of all outstanding Loans (after giving effect to any amount requested), when aggregated with the outstanding principal amount of the L/C Obligations, shall not exceed the aggregate amount of the Commitments. Subject to the terms and conditions hereof, the Borrower may borrow, repay and reborrow Facility B Loans hereunder until the Facility B Termination Date. The Borrower may not borrow any Facility B Loans unless and until Facility A has been fully drawn.
Facility B Loans. Subject to the terms and conditions hereof, the Facility B Credit may be availed of by the Company in the form of loans (individually a "Facility B Loan" and collectively the "Facility B Loans"). Except to the extent Section 2 requires otherwise for LIBOR Portions, each Facility B Loan shall be in a minimum amount of $1,000,000 or such greater amount which is an integral multiple of $1,000,000; and each Facility B Loan shall be made pro rata by the Lenders in accordance with the amounts of their Available Facility B Commitments. Each advance made by a Lender of its pro rata share of a Facility B Loan shall be made against and evidenced by a Revolving Credit Note of the Company (individually a "Facility B Note" and collectively the "Facility B Notes") payable to the order of such Lender in the amount of its Facility B Commitment, with each Facility B Note to be in the form (with appropriate insertions) attached hereto as Exhibit B. Each Facility B Note shall be dated the date of issuance thereof, be expressed to bear interest as set forth in Section 2 hereof, and be expressed to mature on the Facility B Termination Date. Without regard to the principal amount of each Facility B Note stated on its face, the actual principal amount at any time outstanding and owing by the Company on account thereof shall be the sum of all advances then or theretofore made thereon less all payments of principal actually received. Borrowings under the Available Facility B Commitments may be made during the period commencing on the first date (the "Facility B Activation Date") on which both the Company requests that Facility B Loans be made available to it and the conditions of Section 1.2(c) hereof shall have been satisfied and ending on the Facility B Termination Date, provided that the Lenders will not make Facility B Loans more frequently than four (4) times per calendar year and no more than once per calendar quarter. Each Facility B Loan shall mature on the Facility B Termination Date, unless and to he extent the Company elects to convert all or any portion of such Facility B Loan to term loans as set forth in Section 1.2(d) hereof.
Facility B Loans. The Lenders have made a term loan in the aggregate principal amount of the Aggregate Facility B Commitments under the Prior Credit Agreement. Such Loan does and shall continue as the Facility B Loan hereunder and shall be subject to all of the terms and provisions hereof. Any repayments of the Facility B Loans are not available to be redrawn.
Facility B Loans. 14 2.3. Facility Letters of Credit..........................................15 2.3.1.
