Existing Term Loans. All Existing Term Loans outstanding under the Existing Credit Agreement shall have been (i) repaid in full or (ii) converted into Term Loans hereunder (and in any event, all accrued interest thereon shall have been paid).
Existing Term Loans. Prior to the Fourth Restatement Closing Date, each Existing Term Lender made Existing Term Loans to the Borrower. The outstanding principal amount of the Existing Term Loans on the Fourth Restatement Closing Date is $240,000,000. Existing Term Loans repaid or prepaid in whole or in part may not be reborrowed.
Existing Term Loans. Subject to the terms and conditions set forth herein and in the Amended Credit Agreement, as of the 2016 Restatement Date, each Extending Initial Term Lender agrees that its Existing Term Loan will be modified to become an Extended Initial Term Loan of like outstanding principal amount and in the same currency. The Existing Term Loans of each Declining Initial Term Lender shall remain outstanding as Non-Extended Initial Term Loans. The Interest Periods and Adjusted Eurodollar Rates or HIBOR Rates, as applicable, in effect for the Existing Term Loans immediately prior to the 2016 Restatement Date shall remain in effect for the Non-Extended Initial Term Loans and the Extended Initial Term Loans resulting from the effectiveness of this Amendment on the 2016 Restatement Date, notwithstanding any contrary provision of Section 2.2 of the 2014 Credit Agreement or the Amended Credit Agreement.
Existing Term Loans. The Borrower is presently indebted to the Bank under a certain promissory note dated May 28, 1992 in the original principal sum of $2,000,000.00 (the "Existing Term Notes"). It is hereby understood and agreed that the Existing Term Notes shall be and are subject to the terms and conditions of this Agreement.
Existing Term Loans. In Borrowings occurring on the Closing Date, each Existing Term Loan Lender made Existing Term Loans to SFC in the aggregate original principal amount of $173,750,000, which remain outstanding as of the Restatement Effective Date in the aggregate principal amount of $168,211,259. Each of the parties hereto acknowledges and agrees that the Existing Term Loans shall continue to remain outstanding as Term Loans for all purposes under this Agreement and the other Loan Documents. No amounts paid or prepaid with respect to Term Loans may be reborrowed.
Existing Term Loans. The parties hereto acknowledge and agree that (i) as of the date hereof, immediately before the effectiveness of this Agreement, the Existing Lenders had outstanding to the Borrower under the Existing Credit Agreement Term Loans (as defined in the Existing Credit Agreement) in the aggregate principal amount of $30,000,000 (the “Existing Term Loans”) and (ii) as of the Closing Date, immediately after giving effect to Section 10.20, the Borrower has repaid in full such Existing Term Loans and all obligations owing in connection therewith with the proceeds of Loans made hereunder.
Existing Term Loans. As of January 31, 2005, there are outstanding advances under an amortizing term loan facility executed under the Original Agreement (the "Existing Term Loan") in the principal amount of $180,833.35. Borrower shall not request or receive any further advances under the Existing Term Loan. Interest shall continue to accrue on the Existing Term Loan at the rate specified in Section 2.3(a). Borrower shall continue to make payments on the Existing Term Loan in equal payments of principal plus all accrued interest on the first calendar (or immediately next Business) day of each month in accordance with the Original Agreement until paid in full. The Existing Term Loan, once repaid, may not be reborrowed. Borrower may prepay the Existing Term Loan without penalty or premium.
Existing Term Loans. Prior to the Closing Date, certain “Term Loans” were made to the Borrowers under (and as defined in) the Existing Credit Agreement which remain outstanding as of the date of this Agreement (such outstanding loans being hereinafter referred to as the “Existing Term Loans”). Subject to the terms and conditions set forth in this Agreement, the Borrowers and each of the Lenders agree that on the Closing Date but subject to the satisfaction of the conditions precedent set forth in Article IV and the reallocation and other transactions described in Section 1.3, the Existing Term Loans shall be reevidenced as Term Loans (the “Initial Term Loans”) under this Agreement and the terms of the Existing Term Loans shall be restated in their entirety and shall be evidenced by this Agreement.
Existing Term Loans. Not later than December 31, 1997, the Parent will prepay in full the Existing Term Loans and terminate the related lending facilities.