Common use of Amendment and Restatement of the Existing Credit Agreement Clause in Contracts

Amendment and Restatement of the Existing Credit Agreement. Effective immediately after the prepayment of the Existing Term Loans and outstanding Revolving Loans under Section 3 above, the Existing Credit Agreement is hereby amended and restated to read in its entirety as set forth in Exhibit A hereto (the “Restated Credit Agreement”), and the Administrative Agent is hereby directed by the Required Restatement Lenders to enter into such Loan Documents and to take such other actions as may be required to give effect to the transactions contemplated hereby. From and after the effectiveness of such amendment and restatement, (i) the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import, as used in the Restated Credit Agreement, shall, unless the context otherwise requires, refer to the Existing Credit Agreement as amended and restated in the form of the Restated Credit Agreement and (ii) the term “Credit Agreement”, as used in the other Loan Documents, shall mean the Restated Credit Agreement.

Appears in 1 contract

Samples: And Restatement Agreement (Advance Auto Parts Inc)

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Amendment and Restatement of the Existing Credit Agreement. Subject to the terms and conditions set forth herein, on the Amendment Effective immediately after the prepayment of the Existing Term Loans and outstanding Revolving Loans under Section 3 aboveDate, the Existing Credit Agreement is hereby shall be amended and restated to read in its entirety as set forth in Exhibit A hereto (the “Restated Amended Credit Agreement”), and the Administrative Agent is hereby directed by the Required Restatement Amendment Lenders and the other Lenders party hereto to enter into a Reaffirmation Agreement substantially in the form of Exhibit B hereto (the “Reaffirmation Agreement”) and such other Loan Documents and to take such other actions as the Administrative Agent determines may be required necessary or desirable to give effect to the transactions contemplated hereby. From and after the effectiveness of such amendment and restatement, (i) the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import, as used in the Restated Amended Credit Agreement, shall, unless the context otherwise requires, refer to the Existing Credit Agreement as amended and restated in the form of the Restated Amended Credit Agreement Agreement, and (ii) the term “Credit Agreement”, as used in the other Loan Documents, shall mean the Restated Amended Credit Agreement. The Lenders further consent to the entry by the Administrative Agent into the amendment or reaffirmation of any Loan Document (including, without limitation, further amendments to the documents attached hereto) deemed necessary or advisable by the Administrative Agent to perfect, or continue the perfection (with the same priority) of, the Liens securing the Obligations or otherwise advisable based on the advice of counsel.

Appears in 1 contract

Samples: Credit Agreement (CAESARS ENTERTAINMENT Corp)

Amendment and Restatement of the Existing Credit Agreement. Subject to the terms and conditions set forth herein, on the Amendment Effective immediately after the prepayment of the Existing Term Loans and outstanding Revolving Loans under Section 3 aboveDate, the Existing Credit Agreement is hereby shall be amended and restated to read in its entirety as set forth in Exhibit A hereto (the “Restated Amended Credit Agreement”), and the Administrative Agent is hereby directed by the Required Restatement Amendment Lenders and the other Lenders party hereto to enter into a Reaffirmation Agreement substantially in the form of Exhibit B hereto (the “Reaffirmation Agreement”) and such other Loan Documents and to take such other actions as the Administrative Agent determines may be required necessary or desirable to give effect to the transactions contemplated hereby. From and after the effectiveness of such amendment and restatement, (i) the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import, as used in the Restated Amended Credit Agreement, shall, unless the context otherwise requires, refer to the Existing Credit Agreement as amended and restated in the form of the Restated Amended Credit Agreement Agreement, and (ii) the term “Credit Agreement”, as used in the other Loan Documents, shall mean the Restated Amended Credit Agreement. The Lenders further consent to the entry by the Administrative Agent into the amendment or reaffirmation of any Loan Document (including, without limitation, further amendments to the documents attached hereto), on or following the Amendment Effective Date, deemed necessary or advisable by the Administrative Agent to perfect, or continue the perfection (with the same priority) of, the Liens securing the Obligations or otherwise advisable based on the advice of counsel (including with respect to rounding, administrative adjustments and other mechanical changes to reflect the elections of the Lenders hereunder).

Appears in 1 contract

Samples: Credit Agreement (CAESARS ENTERTAINMENT Corp)

Amendment and Restatement of the Existing Credit Agreement. Subject to the terms and conditions set forth herein, on the Second Amendment Effective immediately after the prepayment of the Existing Term Loans and outstanding Revolving Loans under Section 3 aboveDate (as defined below), the Existing Credit Agreement is hereby shall be amended and restated to read in its entirety as set forth in Exhibit A hereto (the “Restated Amended Credit Agreement”), and the Administrative Agent is hereby directed by the Required Restatement Lenders to enter into such Loan Documents and to take such other actions as may be required to give effect to the transactions contemplated hereby. From and after the effectiveness of such amendment and restatement, (i) the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import, as used in the Restated Amended Credit Agreement, shall, unless the context otherwise requires, refer to the Existing Credit Agreement as amended and restated in the form of the Restated Amended Credit Agreement Agreement, and (ii) the term “Credit Agreement”, as used in the other Loan Documents, shall mean the Restated Amended Credit Agreement. The Required Lenders further consent to the entry by the Administrative Agent into the amendment of any Security Document deemed necessary or advisable by the Administrative Agent in connection with the Amended Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Apollo Global Management LLC)

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Amendment and Restatement of the Existing Credit Agreement. Subject to the terms and conditions set forth herein, on the Amendment Effective immediately after the prepayment of the Existing Term Loans and outstanding Revolving Loans under Section 3 aboveDate, the Existing Credit Agreement is hereby shall be amended and restated to read in its entirety as set forth in Exhibit A hereto (the “Restated Amended Credit Agreement”), and the Administrative Agent is hereby directed by the Required Restatement Amendment Lenders and the Extending Term Lenders to enter into a Reaffirmation Agreement substantially in the form of Exhibit B hereto (the “Reaffirmation Agreement”) and such other Loan Documents and to take such other actions as may be required to give effect to the transactions contemplated hereby. From and after the effectiveness of such amendment and restatement, (i) the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import, as used in the Restated Amended Credit Agreement, shall, unless the context otherwise requires, refer to the Existing Credit Agreement as amended and restated in the form of the Restated Amended Credit Agreement Agreement, and (ii) the term “Credit Agreement”, as used in the other Loan Documents, shall mean the Restated Amended Credit Agreement. The Lenders further consent to the entry by the Administrative Agent into the amendment or reaffirmation of any Loan Document (including, without limitation, (x) any foreign law Security Document in effect on the Amendment Effective Date or entered into subsequent thereto or (y) further amendments to the documents attached hereto) deemed necessary or advisable by the Administrative Agent to perfect, or continue the perfection (with the same priority) of, the Liens securing the Obligations or otherwise advisable based on the advice of counsel.

Appears in 1 contract

Samples: Credit Agreement (Momentive Performance Materials Inc.)

Amendment and Restatement of the Existing Credit Agreement. Effective immediately after The Borrower, Parent, the prepayment of Lenders and the Existing Term Loans and outstanding Revolving Loans under Section 3 above, Administrative Agent agree that the Existing Credit Agreement (including all Exhibits and Schedules thereto) is hereby amended and restated restated, effective as of the Restatement Effective Date (as defined in the Restated Credit Agreement referred to below), to read in its entirety as set forth in the Second Amended and Restated Credit Agreement attached hereto as Exhibit A hereto (the “Restated Credit Agreement”). As used in the Restated Credit Agreement, and the Administrative Agent is hereby directed by the Required Restatement Lenders to enter into such Loan Documents and to take such other actions as may be required to give effect to the transactions contemplated hereby. From and after the effectiveness of such amendment and restatement, (i) the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import, as used in the Restated Credit Agreement, import shall, unless the context otherwise requires, refer to mean the Existing Credit Agreement as amended and restated in by this Amendment Agreement. On the form Restatement Effective Date, upon the effectiveness of the Restated Credit Agreement, each Letter of Credit issued under the Existing Credit Agreement shall be deemed to be a Letter of Credit issued under and (ii) the term “Credit Agreement”, as used defined in the other Loan Documents, shall mean the Restated Credit Agreement.

Appears in 1 contract

Samples: Agreement (William Lyon Homes)

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