Common use of Adjustment of Amortization Schedule Clause in Contracts

Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within six months of the Test Date or (y) any amounts under the Holding Company Convertible Debentures in excess of an amount equal to 10% of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date shall remain outstanding on the date that is 90 days prior to the maturity thereof, then each Revolving Maturity Date, each Term Loan Maturity Date and each Incremental Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15.

Appears in 3 contracts

Samples: Third Amendment (Sinclair Broadcast Group Inc), Second Amendment (Sinclair Broadcast Group Inc), First Amendment (Sinclair Broadcast Group Inc)

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Adjustment of Amortization Schedule. (i1) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within six months of the Test Date or (y) any amounts under the Holding Company Convertible Debentures in excess of an amount equal to 10% of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date shall remain outstanding on the date that is 90 days prior to the maturity thereof, then each Revolving Maturity Date, each Term Loan Maturity Date and each Incremental Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.1342, 2.14 40 and 2.1541.

Appears in 1 contract

Samples: Fourth Amendment (Sinclair Broadcast Group Inc)

Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt Indebtedness evidenced or provided by the Existing Senior Subordinated Note Indentures, Additional Senior Subordinated Notes, Converted Senior Subordinated Notes, Existing HYTOPs or New HYTOPs Senior Debentures shall fall within six months of the Test Date or (y) any amounts under the Holding Company Convertible Debentures in excess of an amount equal to 10% of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date shall remain outstanding on the date that is 90 days prior to the maturity thereofDate, then each the Revolving Maturity Date, each the Term Loan Maturity Date, each Incremental Revolving Maturity Date and each Incremental Term Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15.

Appears in 1 contract

Samples: Security Agreement (Sinclair Broadcast Group Inc)

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Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt Indebtedness evidenced or provided by the Existing Senior Subordinated Note Indentures, the Additional Subordinated Notes or the Senior Notes shall fall within six months of the Test Date or (y) any amounts under the Holding Company Convertible Debentures in excess of an amount equal to 10% of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date shall remain outstanding on the date that is 90 days prior to the maturity thereofDate, then each the Revolving Maturity Date, each the Term Loan Maturity Date, each Incremental Revolving Maturity Date and each Incremental Term Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

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