Facility B Borrowing definition

Facility B Borrowing means a borrowing consisting of all the Facility B Loans of the same currency and Type (and same Interest Period if LIBOR Loans) made by Facility B Lenders on the same date pursuant to the same Notice of Borrowing. Any reference to a Facility B Borrowing shall include all of the Facility B Loans constituting such Facility B Borrowing.
Sample 1
Facility B Borrowing means a borrowing consisting of simultaneous Facility B Loans from each of the Lenders distributed ratably among the Lenders in accordance with their respective Facility B Commitments.
Sample 1
Facility B Borrowing means a borrowing by Borrower of Facility B Loans made by Lender pursuant to Section 2.1.
Sample 1

Examples of Facility B Borrowing in a sentence

  • The section titles are capitalized by pittetdin the text, but not in the bookmarks.

  • All Facility B Loans shall be made on a pro rata basis by Facility B Lenders in accordance with their respective Facility B Proportionate Shares, with each Facility B Borrowing to be comprised of a Facility B Loan made by each Facility B Lender equal to such Facility B Lender's Proportionate Share of such Facility B Borrowing.

  • The amount of such reserves shall be subtracted from the Facility A Borrowing Base and/or the Facility B Borrowing Base, as applicable, when calculating the amount of availability under each relevant Credit Facility.

  • This rigid set up, not leaving any room for free contracting, discourage functioning or setting up of manufacturing units with volatile demand which requires the freedom of free contracting.

  • The composite connector system shall comply with UL 214 and be classified as "flame-retarded fabrics" in UL-01.

  • Lender may, in its sole discretion, require that Collateral be delivered to it not less than 5 Business Days prior to any date on which Borrowers request such Collateral to be made part of the Facility A Borrowing Base or Facility B Borrowing Base.

  • Lender agrees, during the term of this --------------------------- Agreement and for so long as no Default or Event of Default exists, to make Facility B Revolver Loans to Borrowers from time to time, as requested by Borrowers in the manner set forth in Section 3.1.1 hereof, up to a maximum principal amount at any time outstanding equal to the Facility B Borrowing Base at such time.

  • Subject to the terms and conditions of this Agreement, Lender agrees to make available to Southern Flow the Credit Facility B, provided that Advances may only be made under the Credit Facility B until the Maturity Date, and any Advances made thereunder shall not exceed an aggregate amount outstanding at any time equal to the lesser of (i) the Facility B Borrowing Base or (ii) the Facility B Total Draw Commitment.

  • In accordance with Section 4.1 and 4.4 of the Credit Agreement, effective November 1, 1995, and continuing until the earlier of (i) any sale of the Giddings Properties or the Rockies Properties in accordance with Section 9.5 of the Credit Agreement, as amended by this Third Amendment ("Approved Sales"), or (ii) the next Determination Date, the Total Borrowing Base shall be $225,000,000, allocated as follows: $125,000,000 to the Facility A Borrowing Base, and $100,000,000 to the Facility B Borrowing Base.

  • In accordance with SECTIONS 4.1 and 4.4 of the Credit Agreement, effective November 1, 1998 and continuing until the next Determination Date, the Total Borrowing Base shall be $150,000,000, allocated as follows: $90,000,000 to the Facility A Borrowing Base and $60,000,000 allocated to the Facility B Borrowing Base.


More Definitions of Facility B Borrowing

Facility B Borrowing has the meaning assigned to such term in Section 2.02(a).
Sample 1

Related to Facility B Borrowing

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

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

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

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

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

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Swingline Borrowing means a borrowing of a Swingline Loan pursuant to Section 2.04.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.