Facility B1 definition

Facility B1 means the term loan facility made available under this Agreement as described in paragraph (b) of clause 2.1.1 (The Facilities).

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Facility B1 means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

Facility B1 means the credit facility designated as the B1 Credit Agreement, dated July 31, 2009, by and between Enbridge Partners and the Partnership, on behalf of the Series AC, which was refinanced with the proceeds of the B1 Promissory Note.

Examples of Facility B1 in a sentence

• The Accommodations Outstanding (i) to all Facility B-1 Lenders under the Facility B-1 Tranche shall not at any time exceed the Facility B-1 Commitment; and (ii) to each Facility B-1 Lender under the Facility B-1 Tranche shall not at any time exceed such Lender’s Commitment under the Facility B-1 Tranche.

• The Series AC will be the Primary Obligor with respect to the Intercompany Preliminary Construction Cost Payable and Facility B1 and Facility C1 and any refinancing thereof, including the Long-Term Debt Financing, and the Series LH will be the Primary Obligor with respect to all other Intercompany Obligations existing on the Closing Date.

• The Borrower may not deliver a Utilisation Request if as a result of the proposed Loan more than 1 Facility B1 Loan and 1 Facility B2 Loan would be outstanding.

• Any reduction in respect of Facility B shall be made on a pro rata basis between Facility B-1 and Facility B-2.

• The proceeds of such loan shall be loaned by Enbridge Partners to the Series AC on substantially the same terms as the Enbridge Partners Long-Term Indebtedness in order to refinance the outstanding borrowings under Facility B1.

More Definitions of Facility B1

Facility B1 means the sterling term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities). “Facility B1 Commitment” means:

Facility B1 means the credit facility designated as the B1 Credit Agreement, dated the Closing Date, by and between Enbridge Partners and the Partnership, on behalf of the Series AC, as it may be amended, supplemented or restated from time to time.

Facility B1. Facility B2" and "Facility B3" and that such facilities correspond to Facility A, Facility B1, Facility B2 and Facility B3, respectively, of this Agreement. At the request of the Borrower, the Parties have agreed that the interest periods and interest rates applicable on the date of the first Utilisation Date to the Facilities (as defined in the Existing Facilities Agreement) of the Existing HSH Debt shall apply to their "corresponding" Facility A Loan and Facility B Loans (as the case may be) as from the first Utilisation Date, and the Interest Periods in respect of each such Loan shall be determined accordingly. At the end of such Interest Periods, the normal interest rate fixing provisions of this Agreement shall apply to such Loans.

Facility B1 means the B1 Credit Agreement in the form attached to this Agreement as Exhibit C.

Facility B1 means the 364-day multicurrency revolving loan facility with a term-out option made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

Facility B1 means the revolving credit facility made available under this Agreement as described in Clause 2 (The Facilities).

Facility B1 means the €335.0 million term loan B1 facility established under