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 shall have the meaning set forth in Section 2.1(a)(ii).
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Examples of Revolving B Facility in a sentence

  • 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.

  • The Borrowers hereby waive presentment, demand, protest or notice of any kind in connection with this Revolving B Facility Note, except as expressly set forth in the Credit Agreement or the other Loan Documents.

  • 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.

  • In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Revolving B Facility Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement.

  • As provided in the Credit Agreement, this Revolving B Facility Note is subject to mandatory repayment prior to the Revolving Facility Termination Date, in whole or in part.

  • Subject to the provisions of this Agreement, Borrower may request Advances under the Revolving B Facility up to the Revolving B Facility Cap (such amount being referred to herein as the "REVOLVING B AVAILABILITY").

  • 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.

  • This Revolving B Facility Note shall be construed in accordance with and be governed by the laws of the State of Texas, without regard to principles of conflict of law.


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 as defined in the definition of "Facility" in this Section 1.1.
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Related to Revolving B Facility

  • Revolving Credit Loans as defined in Section 2.1.

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

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

  • 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.

  • 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.