Common use of Exchange Mechanics Clause in Contracts

Exchange Mechanics. (i) On the Sixth Amendment Effective Date, upon the satisfaction of the conditions set forth in Section 4 hereof, the outstanding principal amount of Existing Term Loans of each Converting Lender set forth in such Converting Lender’s Tranche C-2 Participation Notice shall be deemed to be exchanged for an equal outstanding principal amount of Tranche C-2 Term Loans under the Credit Agreement. Such exchange shall be effected by book entry in such manner, and with such supporting documentation, as may be reasonably determined by the Administrative Agent. (ii) To the extent there exists any Fronted Loans, (x) on the Sixth Amendment Effective Date, the Fronting Bank shall advance such Fronted Loans to the Borrower in the amount set forth opposite the Fronting Bank’s name on Annex I hereto and (y) with respect to each Cash Settlement Lender, promptly following the Sixth Amendment Effective Date (but not later than 30 days following the Sixth Amendment Effective Date (or such later date as may be agreed to by the Fronting Bank in its discretion)), each Cash Settlement Lender shall purchase Fronted Loans from the Fronting Bank in accordance with such Cash Settlement Lender’s Tranche C-2 Participation Notice. Purchases and sales of Fronted Loans pursuant to this clause (ii) shall be without representations from the Fronting Bank other than as provided for in the relevant Assignment and Assumption.

Exchange Mechanics. (i) On the Sixth Fifth Amendment Effective Date, upon the satisfaction of the conditions set forth in Section 4 hereof, the outstanding principal amount of Existing Term Loans of each Converting Lender set forth in such Converting Lender’s Tranche C-2 Participation Notice shall be deemed to be exchanged for an equal outstanding principal amount of Tranche C-2 C-1 Term Loans under the Credit Agreement. Such exchange shall be effected by book entry in such manner, and with such supporting documentation, as may be reasonably determined by the Administrative Agent. (ii) To the extent there exists any Fronted Loans, (x) on the Sixth Fifth Amendment Effective Date, the Fronting Bank shall advance such Fronted Loans to the Borrower in the amount set forth opposite the Fronting Bank’s name on Annex I hereto and (y) with respect to each Cash Settlement Lender, promptly following the Sixth Fifth Amendment Effective Date (but not later than 30 days following the Sixth Fifth Amendment Effective Date (or such later date as may be agreed to by the Fronting Bank in its discretion)), each Cash Settlement Lender shall purchase Fronted Loans from the Fronting Bank in accordance with such Cash Settlement Lender’s Tranche C-2 C-1 Participation Notice. Purchases and sales of Fronted Loans pursuant to this clause (ii) shall be without representations from the Fronting Bank other than as provided for in the relevant Assignment and Assumption.