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. The Term Loans (as defined in the Existing Credit Agreement).
Existing Term Loans. Prior to the Closing Date, the Existing Term Loans were made to the Borrowers pursuant to the Existing Loan Documents. As of the Closing Date (prior to giving effect to the funding of the loans on the Closing Date and the use of the proceeds thereof), the aggregate balance of the Existing Term Loans is $74,062,500.00. All term loan commitments under any of the Existing Loan Documents have expired prior to the Closing Date.
Existing Term Loans. Notwithstanding anything to the contrary contained herein or in any other Loan Document, (a) all Term Loans outstanding as of the date hereof that are LIBOR Loans (as defined in the Credit Agreement immediately prior to the effectiveness of this Agreement, the “Existing Term Loans”) shall continue to accrue interest based on the LIBOR Rate (plus the Applicable Margin applicable to such LIBOR Loans as of the date hereof immediately prior to giving effect to this Agreement) and their applicable existing Interest Periods (as each such term is defined in the Credit Agreement immediately prior to the effectiveness of this Agreement) until the last day of the Interest Period applicable to each such Existing Term Loans (provided, that in no event shall an Existing Term Loans be permitted to be continued as a LIBOR Loan after the termination or expiration of its applicable Interest Period), and thereafter, all Existing Term Loans shall either be Term Loans that bear interest based on Adjusted Term SOFR, or Base Rate as determined in accordance with the Amended Credit Agreement; and (b) subject to any express limitations set forth in the immediately preceding clause (i), the terms of the Credit Agreement as in effect immediately prior to the effectiveness of this Agreement in respect of the administration of LIBOR Loans (solely with respect to the Existing Term Loans) shall remain in effect from and after the date hereof until the last day of the Interest Period applicable to each such Existing Term Loans, in each case, solely for purposes of administering the Existing Term Loans (including, without limitation, with respect to the payment of interest accrued thereon, determination of breakage fees and other subject matter set forth in Section 2.12 of the Credit Agreement). SECTION 4.
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. 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. On the Third Amendment Refinancing Effective Date, each Existing Term Lender made Existing Term Loans to the Borrower. The outstanding principal amount of the Existing Term Loans on the Third Amendment Refinancing Effective Date is $215,000,000. Existing Term Loans repaid or prepaid in whole or in part may not be reborrowed.
Existing Term Loans. Not later than December 31, 1997, the Borrower will prepay in full the Existing Term Loans and terminate the related lending facilities.
