Facility B definition

Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

Facility B means the revolving loan facility made available under this Agreement as described in Clause 2 (The Facilities).

Facility B means the Facility B Commitments and the extensions of credit made thereunder.

Examples of Facility B in a sentence

• Facility B is credit enhanced by a commercial bank guarantee (see note 15).

• Sr.No.Particulars of the Financial CreditorParticulars of the FacilityBrief Details of the Security Interest created in relation to the Facility B.

• If any Borrower fails to make such payment when due, the Administrative Agent shall notify each Facility A Lender or Facility B Lender, as applicable, of the applicable LC Disbursement, the payment then due from the Borrowers in respect thereof and such Lender’s Applicable Percentage thereof.

• A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure shall not exceed the LC Sublimit and (ii) the Facility B LC Exposure shall not exceed $25,000,000.

• Each Borrower may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Loan drawn by it under the Facility made available to it (but, if in part, being an amount that reduces that Loan by a minimum amount of US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility B).

More Definitions of Facility B

Facility B means the revolving credit facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities), part of which may be designated as an Ancillary Facility in accordance with Clause 6 (Ancillary Facilities).

Facility B is defined in Section 3.01.

Facility B means the revolving credit facility made available to the Borrower under this Agreement as described in clause 7;

Facility B means the revolving credit facility made available under this Agreement as described in Clause 2 (The Facilities).

Facility B has the meaning given to such term in Clause 2.1(b) (Facility A and Facility B).

Facility B means the liquidity loan facility made available under this Agreement as described in Clause 2.1(b) (The Facilities).

Facility B means the revolving credit facility described in Section 2.02 (subject to conversion of revolving credit loans to term loans pursuant to Section 2.19 or Section 2.20).