Revolving B Facility definition

Revolving B Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving B Commitments at such time.
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Revolving B Facility means the Revolving B Commitments and the extension of credit made hereunder by the Revolving B Lenders.
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Revolving B Facility as defined in the definition of "Facility" in this Section 1.1.
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Examples of Revolving B Facility in a sentence

  • In the case of acceptance, such notice shall specify the aggregate principal amount of offers for each Interest Period that are accepted and whether such offers are to be allocated to the Revolving A Facility or the Revolving B Facility.

  • Borrower shall have no right to terminate the Revolving A Facility without first terminating the Revolving B Facility.

  • The Revolving B Facility is a revolving credit facility, which may be drawn, repaid and redrawn, from time to time as permitted under this Agreement.

  • Each Lender’s Revolving B Commitment will be reduced on a pro rata basis equal to such Lender’s Revolving B Facility Percentage of the amount of such reduction.

  • Unless otherwise permitted by Lender, each Advance under the Revolving B Facility shall be in an amount of at least $100,000.

  • Borrower shall pay Lender as additional interest a monthly collateral management fee (the "COLLATERAL MANAGEMENT FEE") equal to one quarter of one percent per annum calculated on the basis of the daily average amount of the balances under the Revolving A Facility and the Revolving B Facility outstanding during the preceding month.

  • On or before the Closing Date, Borrower shall pay to Lender a nonrefundable commitment fee equal to (i) $300,000 for Lender's provision of the Revolving A Facility and (ii) $70,000 for Lender's provision of the Revolving B Facility.

  • Advances under the Revolving B Facility automatically shall be made for the payment of interest on the Revolving B Note and other Obligations on the date when due to the extent available and as provided for herein.

  • If any such amount required to be paid by any L/C Participant pursuant to Section 3.4(a) is not made available to the Issuing Lender by such L/C Participant within three Business Days after the date such payment is due, the Issuing Lender shall be entitled to recover from such L/C Participant, on demand, such amount with interest thereon calculated from such due date at the rate per annum applicable to the Loans under the Revolving B Facility.

  • As of the Petition Date, the aggregate amount outstanding under the Loan Facility is approximately $176.5 million, consisting of approximately $148.3 million in outstanding principal due under the Prepetition Term Loan Facility, approximately $28.2 million in outstanding principal due under the Prepetition Revolving A Facility, and no outstanding principal due under the Prepetition Revolving B Facility.


More Definitions of Revolving B Facility

Revolving B Facility means the credit facility established under Section 2.02(b) pursuant to the Revolving B Commitment of each Lender.
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Revolving B Facility means the Revolving B Commitments and the extension of credit made hereunder by the Revolving B Lenders. “Revolving B Lender” means a Lender with a Revolving B Commitment or, if the Revolving B Commitments have terminated or expired, a
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Revolving B Facility shall have the meaning set forth in Section 2.1(a)(ii).
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Related to Revolving B Facility

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Revolving Credit Loans as defined in Section 2.1.

  • Term B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

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

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

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