Commitments; Prepayments Clause Samples

Commitments; Prepayments. (a) Subject to and upon the terms and conditions herein and of the Amended and Restated Credit Agreement, each Tranche B-1 Term Lender severally agrees to make Tranche B-1 Term Loans to the Borrower on the Restatement Effective Date in a principal amount not to exceed its Tranche B-1 Term Commitment on the Restatement Effective Date. Pursuant to the Prepayment Notice, the Borrower shall prepay on the Restatement Effective Date all Tranche B Term Loans with the gross proceeds of such Tranche B-1 Term Loans of such Tranche B-1 Term Lenders. (b) Pursuant to the Prepayment Notice, the Borrower shall pay all accrued and unpaid interest on the Tranche B Term Loans to the Tranche B Term Lenders to, but not including, the Restatement Effective Date, such payment to be made on the Restatement Effective Date, and any breakage loss or expense under Section 2.20 of the Original Credit Agreement. (c) The Restatement Effective Date shall be deemed the first day of a new Interest Period under the Amended and Restated Credit Agreement with respect to the Tranche B-1 Term Loans made on the Restatement Effective Date. (d) For avoidance of doubt, holders of the Tranche B-1 Term Loans shall be entitled to the same guarantees and security interests pursuant to the Loan Documents from and after the Restatement Effective Date as to which the holders of Tranche B Term Loans had been entitled immediately prior to the Restatement Effective Date.