Common use of Call Protection Clause in Contracts

Call Protection. (i) In the event that any Repricing Event occurs on or prior to the six-month anniversary of the Closing Date with respect to either Class of Closing Date Term Loans, the Applicable Borrower shall pay to the Administrative Agent, for the benefit of the Term Lenders holding Term Loans of such Class, concurrently with such Repricing Event, a premium in an amount equal to 1.00% of the outstanding principal amount of the Term Loans subject to such Repricing Event.

Appears in 2 contracts

Samples: Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.)

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Call Protection. (i) In the event that any Repricing Event occurs on or prior to the six-six month anniversary of the Closing Date with respect to either Class of Closing Date Term LoansDate, the Applicable Borrower shall pay to the Administrative Agent, for the benefit of the Closing Date Term Lenders holding Term Loans of such ClassLoan Lenders, concurrently with such Repricing Event, a premium in an amount equal to 1.00% of the outstanding principal amount of the Closing Date Term Loans subject to such Repricing Event.

Appears in 1 contract

Samples: Credit Agreement (GTT Communications, Inc.)

Call Protection. (i) In the event that any Repricing Event occurs on or prior to the six-month anniversary of the Closing Date with respect to either Class of Closing Date Term LoansDate, the Applicable Borrower shall pay to the Administrative Agent, for the benefit of the Term Lenders holding Term Loans advanced on the Closing Date or otherwise entitled to the benefits of such Classthis Section 2.13(g), concurrently with such Repricing Event, a premium in an amount equal to 1.00% of the outstanding principal amount of the Term Loans subject to such Repricing Event.

Appears in 1 contract

Samples: Credit Agreement (GTT Communications, Inc.)

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Call Protection. (i) In the event that any Repricing Event occurs on or prior to the six-month anniversary of the Closing Date with respect to either Class of Closing Date Term Loans, the Applicable Borrower shall pay to the Administrative Agent, for the benefit of the Term Lenders holding Term Loans of such Class, concurrently with such Repricing Event, a premium in an amount equal to 1.00% of the outstanding principal amount of the Term Loans subject to such Repricing Event.

Appears in 1 contract

Samples: Credit Agreement (GTT Communications, Inc.)

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