Examples of Revolving Credit Facility B in a sentence
Revolving Credit Facility B (ESG loan) – maturing 1 October 2023 with a fixed facility limit of $50 million.
Other than the extended tenor, Revolving Credit Facility B has the same characteristics as Revolving Credit Facility A (including (a) a margin of 2.25% over EURIBOR (floored at 0%) and (b) a commitment fee of 40% of the margin) and can be used for the same purposes as Revolving Credit Facility A.
On or before the Effective Date, the Borrower shall pay an extension fee in the amount of $100,000 (the "Revolving Credit Facility B Extension Fee") to the Agent for the account of the Revolving Credit Facility B Lender.
Upon receipt of a Notice of Borrowing delivered pursuant to Section 2.01(e) that proposes a Revolving Loan that is a Revolving Credit Facility B Loan, the Agent shall promptly notify the Revolving Credit Facility B Lender of the contents thereof.
The Revolving Credit Facility B Note, the grid schedule and the books and records of each Lender shall constitute presumptive evidence of the information so recorded absent demonstrable error.
On or before the Effective Date, the Borrower shall pay to the Agent, for the Account of the Revolving Credit Facility B Lender, all accrued and unpaid Revolving Credit Facility B Commitment Fees under the Second Amended and Restated Senior Secured Credit Agreement and all accrued and unpaid Letter of Credit Fees relating to any Revolving Credit Facility B Letter of Credit under the Second Amended and Restated Senior Secured Credit Agreement.
Such Letter of Credit Fee shall be paid (A) to the Agent, for the account of the Lenders, in the case of any Revolving Credit Facility A Letter of Credit, in accordance with their respective Pro Rata Shares, and (B) to the Agent, for the account of the Revolving Credit Facility B Lender, in the case of any Revolving Credit Facility B Letter of Credit.
Each Revolving Credit Facility B Note shall be dated the date of this Agreement and stated to mature on the Revolving Credit Facility B Maturity Date.
On or prior to the Closing Date, the Administrative Agent shall have received (i) for the account of each Lender, a Revolving Credit Facility A Note and a Revolving Credit Facility B Note and (ii) for the account of the Swingline Lender, a Swingline Note, each duly executed by the Company.
Each Revolving Credit Facility B Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Facility B Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01 hereof.