Facility B Utilisation definition

Facility B Utilisation means a Facility B Loan, a Letter of Credit or a Bank Guarantee.
Sample 1Sample 2Sample 3
Facility B Utilisation means a Facility B Loan or a Letter of Credit.
Sample 1Sample 2Sample 3
Facility B Utilisation means a Loan made or to be made under Facility B.
Sample 1Sample 2

Examples of Facility B Utilisation in a sentence

  • A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Revolving Facility Utilisation, a Facility B Utilisation or a Facility C Utilisation in the Utilisation Request for that Utilisation.

  • Summary of Equity and Profit Interests (all dollar amounts in thousands) Unaudited Initial ART Current Approximate Investment Investment Cash Equity Square Name Amount Date Investment Profit % Footage 80 Evergreen $384 3Q03 $201 12.50% 77,680 930 Flushing 1,126 3Q03 291 12.50% 304,080 Prime Portfolio 2,100 4Q03 - 7.50% 6,700,000 Prime Portfolio - 16.67%(5) 6,700,000 450 W.

  • Documentary evidence that the proceeds from the Facility B Utilisation will be applied solely towards payment of the liabilities of the Borrower under the Asset Sale Agreement.

  • A Borrower (or the Parent on behalf of a Borrower) shall select the currency of a Facility B Utilisation in a Utilisation Request.

  • For the avoidance of doubt, the relevant Issuing Bank or Overdraft Bank (as the case may be) shall have no obligation to notify any Finance Party of any Utilisation Request under Facility B which is in an amount which is less than the Facility B Utilisation Threshold Amount.


More Definitions of Facility B Utilisation

Facility B Utilisation means a Letter of Credit.
Sample 1

Related to Facility B Utilisation

  • Utilisation means a utilisation of the Facility.

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

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

  • 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.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

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

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

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

  • Drawdown means a drawdown of a Facility.

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

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

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

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

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

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Facility Agent has the meaning set forth in the Preamble.

  • 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.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • 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.

  • 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.

  • 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.

  • Credit Facility Agent means that certain agent, in its capacity as arranger and administrative agent under the Credit Agreement or any replacement or successor agent under the Credit Agreement.