Facility B Loans Sample Clauses
The 'Facility B Loans' clause defines the terms and conditions governing a specific tranche or category of loans provided under a broader financing agreement. Typically, this clause outlines the amount available, the interest rate, repayment schedule, and any unique covenants or requirements that apply exclusively to Facility B, distinguishing it from other facilities such as Facility A. For example, Facility B Loans might have a longer maturity or different collateral requirements. The core function of this clause is to clearly delineate the rights and obligations associated with Facility B, ensuring both lender and borrower understand the specific terms that apply to this portion of the overall loan package.
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Facility B Loans. Each Lender severally agrees, on the terms and conditions of this Agreement, to make loans to the Borrower in Dollars during the period from and including the Amendment Effective Date to but not including the Commitment Termination Date in an aggregate principal amount up to but not exceeding the amount of the Facility B Loan Commitment of such Lender (such loans being herein called the "Facility B Loans"), provided that in no event shall the aggregate outstanding principal amount of all Facility B Loans exceed the aggregate amount of the Facility B Commitments as in effect from time to time. Subject to the terms and conditions hereof, during such period the Borrower may borrow, repay and reborrow the amount of the Facility B Commitments by means of Base Rate Loans and Eurodollar Loans and may Convert Facility B Loans of one Type into Facility B Loans of another Type (as provided in Section 2.09) or Continue Facility B Loans of one Type as Facility B Loans of the same Type (as provided in Section 2.09). Proceeds of Facility B Loans shall be available to provide financing for any transaction permitted under Section 9.14(b) by the Borrower provided that, in the event that, as contemplated by Section 2.10(d), the Borrower shall prepay Facility B Loans from the proceeds of a Disposition, then an amount of Facility B Commitments equal to the amount of such prepayment (herein the "Reserved Commitment Amount") shall be reserved and shall not be available for borrowings hereunder except and to the extent that the proceeds of such borrowings are to be applied to a Permitted Reinvestment Transaction. The Borrower agrees, upon the occasion of any borrowing of Facility B Loans hereunder that is to constitute a utilization of any Reserved Commitment Amount, to advise the Administrative Agent in writing of such fact at the time of such borrowing, identifying the portion of such borrowing that is to constitute such utilization and the reduced Reserved Commitment Amount to be in effect after giving effect to such borrowing (and the Reserved Commitment Amount shall be automatically reduced at the time of such borrowing by an amount equal to such portion of such borrowing).
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. 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. 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 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 Termination Date. The Borrower may not borrow any Facility B Loans unless and until Facility A has been fully drawn. The $1,400,000 advance made under Facility B on the Ninth Amendment Effective Date shall be used solely to pay to Lender on such date the arrangement fees due to Lender in the aggregate amount of $1,400,000.
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 CREDIT AGREEMENT hereunder, or to convert such "Facility B Loans" into Base Rate Loans hereunder.
Facility B Loans. 14 2.3. Facility Letters of Credit..........................................15 2.3.1.
Facility B Loans. The Lenders holding Facility B Commitments hereby agree, severally in accordance with their respective Facility B Commitment Ratios, and not jointly, upon terms and subject to the conditions in this Agreement to lend to the Borrowers on the Agreement Date an amount not to exceed the Facility B Commitment. Subject to the terms and conditions hereof, Advances under the Facility B Commitment may be repaid and reborrowed to effect a change in the Interest Rate Basis or the Interest Periods relating thereto; provided, however, that there shall be no increase in the principal amount outstanding under the Facility B Notes. The Borrowers hereby agree that all amounts advanced under the Facility B Commitment shall be joint and several obligations of the Borrowers.