Examples of Facility B Bank in a sentence
Each Advance under Facility B shall consist of Revolving B Loans made by each Facility B Bank ratably in proportion to such Bank's respective Facility B Percentage.
The Facility B Loans of each Facility B Bank shall be evidenced by a single Facility B Note, duly completed and executed by the Borrower.
The Applicable Agent will promptly notify each Facility A Domestic Bank, Facility A Canadian Bank or Facility B Bank of its receipt of any such notice, and of such Bank's Facility A Pro Rata Share or Facility B Pro Rata Share, as applicable of such prepayment.
No Facility B Bank shall be obligated to make a Facility B Loan hereunder if the aggregate principal amount of its Facility B Loans outstanding would exceed such Bank's Facility B Commitment.
The aggregate outstanding amount of Competitive Facility B Bid Advances shall reduce each Facility B Bank's Facility B Commitment ratably in the proportion such Facility B Bank's Facility B Commitment bears to the Facility B Commitments regardless of which Facility B Bank or Facility B Banks make such Competitive Facility B Bid Advances.
Simultaneously with the execution and delivery of such joinder, Borrower shall execute a Facility B Note and deliver it to such Additional Facility B Bank together with originals of such other documents described in Section 6.01 hereof as such Additional Facility B Bank may reasonably require.
Facility B Bank shall mean at any time any financial institutions which have any Facility B Loans outstanding to the Borrower and their respective successors and assigns as permitted hereunder, each of which is referred to herein as a Facility B Bank.
Any reduction of the Facility B Commitments shall be applied to each Facility B Bank according to its Facility B Pro Rata Share.
The Borrower shall pay to the Administrative Agent for the account of each Facility B Bank in accordance with its Facility B Pro Rata Share, a utilization fee of 0.10% times the actual daily aggregate outstanding Facility B Loans on each day that the aggregate outstanding amount of the Facility A Loans and the Facility B Loans exceeds 33.0% of the Facility A Commitments and the Facility B Commitments.
All such joinders shall be effective and binding upon all Banks without any requirement for the execution of such joinder by the Banks other than the Additional Facility B Bank.