Facility B Advances definition

Facility B Advances. (as such term is defined in the Existing Credit Agreement", which original Facility B Advances were used by the Borrower solely to purchase real property to be utilized as the corporate headquarters for the Borrower.
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Facility B Advances. The first $500,000,000 of Cash Advances and/or Credit Advances, other than Qualcomm Advances, made after all Facility A Ad- vances have been made.
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Facility B Advances means Facility B Principal Advances, Facility B Interest Advances, Facility B Swap Advances and the Facility B Intercompany Interest Advances;
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Examples of Facility B Advances in a sentence

  • Each Facility B Repayment Instalment (other than the last) shall be in an Original Euro Amount equal as nearly as possible (rounded upwards if necessary) to the percentage, set out in column (2) below opposite the relevant Facility B Repayment Date, of the total outstanding amount of Facility B Advances on the last day of the Facility B Availability Period.

  • Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Advances exceed the Facility B Commitment.

  • Such amount shall be applied first pro-rata against outstanding Facility B Advances and outstanding Facility C Advances in order of maturity and second against outstanding Facility A Advances, in each case in accordance with Clause 7.8(a)(ii) (Order of Application).

  • In the event of such election any amounts which would otherwise have been applied in prepayment of Facility C Advances shall not, unless UPC Distribution so elects, be applied in prepayment of Facility A Advances or Facility B Advances but may be retained by the Borrowers for use in the business of the Borrower Group.

  • Subject to the terms and conditions herein, the Lender agrees to make Facility B Advances to O.S.

  • Except as set forth in Section 2.3(b), the Facility B Advances shall bear interest, on the outstanding daily balance thereof, at a variable rate equal to two percent (2%) above the Prime Rate.

  • Except as set forth in ----------------------------- Section 2.3(b), all Equipment Facility B Advances shall bear interest, on the average daily balance thereof, at a per annum rate equal to one-quarter of one percentage point (0.25%) above the Prime Rate.

  • To the extent not otherwise required to be paid earlier as provided herein, the principal amount of the Facility B Advances, all accrued interest and fees thereon, and all other Obligations related thereto, shall be due and payable in full on the Facility B Maturity Date.

  • Such amount shall be applied in prepayment of outstanding Facility B Advances in order of maturity in accordance with Clause 7.8(a)(iii) (Order of application).

  • Equipment Facility B Advances, once repaid, may not be reborrowed.


More Definitions of Facility B Advances

Facility B Advances means a cash advance or cash advances under Facility B.
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Facility B Advances. In the case of Facility B Advances: (i) No Facility B Advance may exceed the amount of the aggregate of the Available Facility B Commitments of all the Lenders. This limitation will be applied as at the Advance Date. For this purpose: (a) any part of the Total Facility B Commitments which is subject to a notice of voluntary cancellation will be treated as cancelled; (b) the amount of any Facility B Advance due to be repaid on the Advance Date will be treated as having been repaid; (c) any other Facility B Advance due to be made on the Advance Date will be treated as having been made; and (d) Facility B Advances in the Optional Currency will be taken into account at their Original Sterling Amount. (ii) A Facility B Advance must be a minimum of (Pounds)5,000,000 and an integral multiple of (Pounds)1,000,000 or be the aggregate of the Available Facility B Facility Commitments of all the Lenders. A Facility B Advance in the Optional Currency must be either: (a) a minimum of the Equivalent Amount of (Pounds)5,000,000 and an integral multiple of the Equivalent Amount of (Pounds)1,000,000; or (b) the Equivalent Amount of the uncancelled and undrawn amount of Facility B. (iii) The Advance Date of a Facility B Advance must be a Business Day on or after the Amendment Date and at least one month before the Facility Termination Date. (iv) The Interest Period of each Facility B Advance must comply with Clause 8. (v) Clause 6.2(C) applies. (vi) If the Facility B Advance is not to be in sterling, Clause 7 applies.
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Facility B Advances outstanding thereunder, (b) to combine "Terra Facility A" and the "Terra Working Capital Facility" into one working capital facility hereunder and to increase the aggregate Commitments thereunder and (c) to make certain other changes to the Existing Credit Agreement and the other Loan Documents, all on the terms and conditions set forth herein, it being the intention of the parties hereto that the advances and letters of credit outstanding under the Existing Credit Agreement on the Restatement Date shall continue and remain outstanding and not be repaid on the Restatement Date. Credit Agreement ----------------
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Facility B Advances accurately summarises its participation in the Credit Agreement and the Interest Period in respect of any existing Facility A Advances or Facility B Advances and (ii) requests the Transferee to accept and procure the transfer by novation to the Transferee of the Portion Transferred (specified in the schedule hereto) of its Facility A Commitment and Facility B Commitment and its participation in such Facility A Advance(s) and Facility B Advance(s) by counter-signing and delivering this Transfer Certificate to the Facility Agent at its address for the service of notices specified in the Credit Agreement.
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Related to Facility B Advances

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Revolving Advances means Advances made other than Letters of Credit.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Loans as defined in Section 2.4(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Tranche B Facility means the aggregate of the Tranche B Commitments.