Facility B Borrowers definition

Facility B Borrowers. The Original Borrowers and any Additional Borrower. Ranking: Guaranteed and secured as set out in Section 5 (Obligors, Guarantees and Transaction Security) and ranking (i) pari passu with the other Facilities and (ii) in priority to the Junior Facilities. Termination Date: 7 years after the Closing Date. Purpose: As per paragraph (a) of Clause 3.3 (Purpose) of the Agreed From Interim Facilities Agreement, and for funding any payments into the Blocked Account to the extent elected by the Borrower.
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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

  • 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.

  • 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.

  • 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).

  • 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).

Related to Facility B Borrowers

  • Co-Borrowers has the meaning specified in the introductory paragraph to this Agreement.

  • 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 outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C 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 equal to the sum of the Dollar Equivalent of, without duplication:

  • 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, as of any date of determination, with respect to one or more Facilities, Lenders having more than 50% of the sum of (a) the Total Outstandings under such Facility or Facilities and (b) the aggregate unused Commitments under such Facility or Facilities; provided that the unused Commitments of, and the portion of the Total Outstandings under such Facility or Facilities held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of the 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 means, collectively (i) each Domestic Subsidiary of the Company that is a party to this Agreement as a “Borrower” on the Effective Date and (ii) each Domestic Subsidiary of the Company that becomes a party to this Agreement as a “Borrower” following the Effective Date pursuant to Section 5.14, in each case, until such time as such Domestic Subsidiary is released from its obligations under the Loan Documents in accordance with this Agreement.

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

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • 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 Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.