Existing Borrowings Sample Clauses

Existing Borrowings. As of the Closing Date, all existing Indebtedness: (1) for money borrowed; or (2) under any security agreement or mortgage from the Borrower or any Subsidiary or Foreign Subsidiary is described in Exhibit 5.15;

Existing Borrowings. Any Existing ABR Borrowing outstanding on the Closing Date shall be deemed to be refinanced on the Closing Date with a new ABR Borrowing, bearing interest as provided in this Agreement, and such new Borrowing shall be deemed to be advanced under this Agreement to repay such Existing ABR Borrowings. Each Existing Eurodollar Revolving Borrowing outstanding on the Closing Date shall remain outstanding and in all respects be continuing after the Closing Date and shall be deemed to be a Eurodollar Revolving Borrowing hereunder, having the Interest Period that commenced on the date of such Existing Eurodollar Revolving Borrowing (each such Eurodollar Revolving Borrowing being a “Grandfathered Eurodollar Borrowing” and each such Interest Period being a “Grandfathered Interest Period”). From and including the Closing Date until and including the last day of the relevant Grandfathered Interest Period, each Grandfathered Eurodollar Revolving Borrowing shall bear interest per annum equal to the Adjusted LIBOR Rate for the applicable Grandfathered Interest Period plus the Applicable Margin applicable thereto under the Original Credit Agreement. Thereafter, the applicable Borrower may make elections with respect to the Grandfathered Eurodollar Borrowings as provided in Section 2.08, and all such Loans shall bear interest as provided in this Agreement.

Existing Borrowings. On the Amendment No. 3 Effective Date, the Eurocurrency Rate Loans made to the Borrower under the Credit Agreement prior to and outstanding on the Amendment No. 3 Effective Date (the “Existing Borrowings”) shall remain outstanding under the Amended Credit Agreement and shall be automatically converted from Eurocurrency Rate Loans to Term Benchmark Loans in an aggregate principal amount equal to the aggregate principal amount of the Borrower’s Existing Borrowings and shall have an initial Interest Period as specified in the Loan Notice delivered pursuant to Section 2(b) above. The Borrower shall pay to the Lenders that funded the Existing Borrowings the accrued and unpaid interest on the principal amount of all Existing Borrowings payable under the Credit Agreement on the Amendment No. 3