Examples of Existing Term Lenders in a sentence
On the Amendment No. 1 Effective Date, the proceeds of the Shortfall Term Loans shall be applied to prepay the aggregate principal amount of the Existing Term Loans of the Non-Continuing Existing Term Lenders and the Non-Allocated Existing Term Loans of all the Continuing Term Lenders.
Thereafter, the Existing Term Lenders and Existing Working Capital Lender viz.
The Borrower defaulted in the timely repayment of the loan amounts and in view of the continuous default, the loan account of the Borrower was classified as a non-performing asset in the books of the Existing Term Lenders and Existing Working Capital Lender, in accordance with the directions and guidelines issued by the Reserve Bank of India.
The Existing Term Lenders party hereto hereby agree to waive the notice requirements of Section 2.10 of the Credit Agreement in connection with the prepayment or replacement of Existing Term Loans contemplated hereby.
On the Amendment No. 2 Effective Date, the proceeds of the Shortfall Term Loans shall be applied to prepay the aggregate principal amount of the Existing Term Loans of the Non-Continuing Existing Term Lenders and the Non-Allocated Existing Term Loans of all the Continuing Term Lenders.