FACILITY TWO definition
FACILITY TWO means a facility letter dated 8 December 1994 from us to your Parent and Sowester Limited offering a facility of L2,500.000 duly accepted by the addressees on 7 March 1995.
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Related to FACILITY TWO
Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).
Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.
Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.
Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.
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.