Facility B Maturity Date definition
Examples of Facility B Maturity Date in a sentence
Such interest shall be payable on the earlier of demand or the Facility A Maturity Date or the Facility B Maturity Date, as appropriate, and shall accrue until the earlier of (i) waiver or cure (to the satisfaction of the Determining Lenders) of the applicable Event of Default, (ii) agreement by the Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations.
For LIBOR Advances, the notice of borrowing --------- shall specify the requested funding date, which shall be a Business Day, the amount of the proposed aggregate LIBOR Advances to be made by Lenders and the Interest Period selected by the Borrower, provided that no such Interest Period shall extend past the Facility A Maturity Date or the Facility B Maturity Date, as appropriate, or prohibit or impair the Borrower's ability to comply with Section 2.5 or 2.8 hereof.
Following delivery of an Extension Notice pursuant to Clause 14.1 above, the Original Facility B Maturity Date shall be extended to the day which is 364 days from (and including) the Original Facility B Maturity Date and the Facility B Maturity Date shall be modified accordingly.
A Company may not extend the Facility B Maturity Date in accordance with this Agreement more than once.
On the Facility B Maturity Date the Borrower shall repay the outstanding aggregate principal and accrued and unpaid interest under the Facility B Notes.