Facility B Borrowers definition

Facility B Borrowers. The Original Borrowers and any Additional Borrower. Termination Date: 7 years after the Closing Date.
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Facility B Borrowers means RWB Subco and MAG and “Facility B Borrower” shall mean either of them as the context requires.
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Facility B Borrowers. Facility B1 Borrowers and Facility B2 Borrower
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Examples of Facility B Borrowers in a sentence

  • One or more Ancillary Facilities may from time to time be established in favour of one or more Facility B Borrowers and Facility C Borrowers, in each case, which are also a Guarantor, in accordance with this Clause 7 by designating all or part of the Facility B Commitment or Facility C Commitment of a Lender as an Ancillary Commitment.

  • Subject to the terms and conditions of this Agreement, the Lender hereby establishes a non- revolving credit facility for the Facility B Borrowers (“Facility B”) in the maximum principal amount equal to the Facility B Limit.

  • The purpose of Facility A is to refinance the outstanding indebtedness of Facility A Borrowers under the Bridge Loan Agreement, and the purposes of Facility B are to (i) refinance the outstanding indebtedness of the Facility B Borrowers under the Bridge Loan Agreement and for on-lending to PHG for repayment of its indebtedness under the Bridge Loan Agreement and (ii) for general corporate and working capital requirements of the Facility B Borrowers.

  • The Facility B Borrowers may, by giving the facility agent not less than 60 days prior written notice, request that Facility B be increased by a maximum of EUR30 million (approximately HK$294 million).

  • Subject to majority Mandated Lead Arrangers’ consent, the Facility B Borrowers shall have the right to request other banks or financial institutions to participate in the increase if one or more of the Mandated Lead Arrangers have refused the request of the Facility B Borrowers to increase Facility B.

  • Ancillary Facilities of not more than EUR1 million (approximately HK$9.8 million) may be made available to each of the Facility B Borrowers respectively on a bilateral basis and on normal commercial terms by the Ancillary Lender to the Facility B Borrowers in place of part of the Ancillary Lender’s unutilised Facility B Commitment (which shall be reduced by the amount of the Ancillary Facility commitment).

Related to Facility B Borrowers

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • 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.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

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

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

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • 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

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

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

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Term Loan Lenders means the lenders from time to time party to the Term Loan Agreement.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

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

  • Canadian Credit Party means the Canadian Borrower and each Canadian Subsidiary Guarantor.