Facility B2 Loan definition
Examples of Facility B2 Loan in a sentence
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.
Such voluntary prepayments of the Facility A Loan, the Facility B1 Loan, the Facility B2 Loan and the Facility B3 Loan shall be applied against the relevant Repayment Instalments in accordance with clause 6.2.4 (Effect of cancellation and prepayment on scheduled repayments).
The Borrower shall repay the Facility B2 Loan in two equal instalments on the day falling 24 months after the date of this Agreement and on the Termination Date for Facility B2.
The Agent shall notify the Lenders as soon as possible of any proposed prepayment of any Facility B2 Loan under Clause 12.2 (Disposal, Financing, Floatation, Insurance and Report Proceeds and Excess Cashflow).
Such mandatory prepayments of the Facility A Loan, the Facility B1 Loan, the Facility B2 Loan and the Facility B3 Loan shall be applied against the relevant Repayment Instalments in accordance with clause 6.2.4 (Effect of cancellation and prepayment on scheduled repayments), provided however that any prepayment made in respect of any Acquisition Adjustment Proceeds shall first be applied towards prepayment pro rata of the relevant Repayment Instalments payable on the first Repayment Date.
Any prepayment of a Facility B2 Loan under Clause 11.4 (Voluntary prepayment of Term Loans) within the first year following the first Utilisation Date in relation to a Facility B2 Loan shall be subject to a 1% redemption premium on the principal amount repaid.