Tranche B Facility. The Tranche B Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a HK dollar term loan facility in an aggregate amount of HKD3,948,750,000.00.
Tranche B Facility. Subject to the terms of this Agreement, the Lenders make available to the Borrowers a revolving credit facility in an aggregate amount equal to the Total Tranche B Commitments.
Tranche B Facility. The Tranche B Lenders agree to establish the Tranche B Facility for the benefit of the Borrowers.
Tranche B Facility. If, on any date, the Agent notifies the Company that, on any interest payment date, the sum of (A) all Tranche B Advances denominated in Dollars plus (B) the Equivalent in Dollars (determined on the third Business Day prior to such interest payment date) of the aggregate principal amount of all Tranche B Advances denominated in Committed Currencies then outstanding exceeds 103% of the aggregate Tranche B Commitments on such date, the Borrowers shall, as soon as practicable and in any event within two Business Days after receipt of such notice, prepay the outstanding principal amount of any Tranche B Advances owing by the Borrowers in an aggregate amount sufficient to reduce such sum to an amount not to exceed 100% of the aggregate Tranche B Commitments of the Lenders on such date.
Tranche B Facility. The Hotel Facility Lenders grant to the Company, upon the terms and subject to the conditions hereof, a HK dollar term loan facility in an aggregate amount of HKD487,086,911.
Tranche B Facility. (i) The Tranche B Loan shall accrue a finance charge on the Average Daily Balance thereof, from and including the Tranche B Loan Commencement Date to and including February 28, 2003, at a per annum rate equal to the lesser of (a) the Tranche B Loan Finance Charge and (b) the highest rate from time to time permitted by applicable law. If it is determined that the amounts received from Tranche B Borrower or a Tranche B Guarantor pursuant to this subclause (A) shall otherwise be in excess of the highest rate permitted by applicable law, then the amount representing such excess shall be considered reductions to principal of Loans.
Tranche B Facility use the proceeds of the Tranche B Facility to finance the costs incurred by the Borrower in respect of the exploration, development, expansion and production of the Oilfield Projects; and
Tranche B Facility. Each Tranche B Loan and each Documentary Credit may only be used for working capital and other general corporate purposes of the Group.
Tranche B Facility. In addition to the other conditions in this Agreement, the Tranche B Facility may not be utilised unless the Tranche A Commitments have been (or will be upon first utilisation of the Tranche B Facility) fully utilised.
Tranche B Facility. A term loan facility under which on the Effective Date the Lenders shall, subject to the repayment in full of all Tranche B Advances (other than the Advance in USD's made to The Trader Enterprises, Inc.) then outstanding (together with all accrued interest) make to HM Amber Holding Corp. and The Trader Enterprises Inc. on receipt of a Request, Tranche B Advances denominated in Dollars in an aggregate amount not exceeding the Tranche B Commitments;
