Examples of Facility B Borrower in a sentence
Facility B Borrower means the Original Borrowers of Facility B unless, it ceases to be a Facility B Borrower in accordance with Clause 31 (Changes to the Obligors).
RECOURSE SENIOR FACILITIES AGREEMENT In connection with the financing arrangement in connection with the Combination Agreement, on 6 December 2018, the Company (as guarantor), the JVCo (as Facility A Borrower) and Anta SPV (as Facility B Borrower) entered into the Recourse Senior Facilities Agreement with independent third party banks which act as the Arrangers, the Lenders and the Agent.
The Company has guaranteed the full and punctual performance of any and all obligations and undertakings of Facility A Borrower and Facility B Borrower to the Arrangers, the Lenders and the Agent in connection with, and for all amounts which may become due and payable under, the aforesaid loan facilities.
Retirement plan participation and retirees’ perception of their standard of living.
Facility B loans shall be repaid with cash distributions from the Facility A Borrower to the Facility B Borrower, prior to any distributions being made by the Facility B Borrower under Section 4.8 of the JV Agreement.
Facility B: A * revolving loan facility (“Facility B Revolving Loans” and, together with the Facility A Revolving Loans, the “Revolving Loans”) made to the Facility B Borrower in the aggregate amount of * (the “Facility B Maximum Amount”).
The proceeds of Facility B shall be used for the sole purpose of paying operating expenses of Facility B Borrower (but specifically excluding Technology Maintenance Fees (as defined in the JV Agreement) payable to Solazyme, Inc.).