Extension Amendment. (a) For the avoidance of doubt, (i) this Eighth Term Loan Amendment constitutes an “Extension Amendment” pursuant to which a new Class of Extended Term Loans is established pursuant to Section 2.16 of the Credit Agreement, (ii) each existing Term B Lender that has executed and delivered a counterpart to this Eighth Term Loan Amendment has made an “Extension Election” and constitutes an “Extending Lender” with respect to its 2022 Term B Loans and (iii) the Eighth Term Loan Amendment Effective Date (as defined below) constitutes an “Extension Date” under Section 2.16 of the Credit Agreement. (b) Subject to the terms and conditions set forth herein and the occurrence of the Eighth Term Loan Amendment Effective Date, each Extending Lender agrees to convert all of its existing Term B Loans into 2022 Term B Loans. The existing Term B Loans of Term B Lenders that are not Extending Lenders party hereto shall remain unaffected and outstanding pursuant to the Credit Agreement, unless refinanced pursuant to Section 4 below. (c) Each of the parties to this Eighth Term Loan Amendment hereby agrees that on the Eighth Term Loan Amendment Effective Date, (i) the existing Term B Loans of each Extending Lender shall be converted into 2022 Term B Loans, (ii) the 2022 Term B Loans shall constitute a new “Class” of 2022 Term B Loans for all purposes of the Credit Agreement and the other Loan Documents and (iii) the 2022 Term B Loans of the Extending Lenders shall become “Term Loans” for all purposes of the Credit Agreement and the other Loan Documents. (d) Each of the parties to this Eighth Term Loan Amendment hereby agrees (x) that the 2022 Term B Loans established pursuant to this Eighth Term Loan Amendment shall have the “Interest Rates”, “Maturity Date”, “Scheduled Amortization” and “Call Premium” as set forth on Annex I hereto and (y) that all other terms and conditions applicable to such 2022 Term B Loans shall be as set forth in the Credit Agreement as amended pursuant to this Eight Term Loan Amendment (including pursuant to Section 3 below).
Appears in 1 contract
Sources: Term Loan Amendment (Sabre Corp)
Extension Amendment. (a) For the avoidance of doubt, (i) this Eighth Ninth Term Loan Amendment constitutes an “Extension Amendment” pursuant to which a new Class of Extended Term Loans is established pursuant to Section 2.16 of the Credit Agreement, (ii) each existing Term B Lender that has executed and delivered a counterpart to this Eighth Ninth Term Loan Amendment has made an “Extension Election” and constitutes an “Extending Lender” with respect to its 2022 Term B B-2 Loans and (iii) the Eighth Ninth Term Loan Amendment Effective Date (as defined below) constitutes an “Extension Date” under Section 2.16 of the Credit Agreement.
(b) Subject to the terms and conditions set forth herein and the occurrence of the Eighth Ninth Term Loan Amendment Effective Date, each Extending Lender agrees to convert all of its existing Term B Loans into 2022 Term B B-2 Loans. The existing Term B Loans of Term B Lenders that are not Extending Lenders party hereto shall remain unaffected and outstanding pursuant to the Credit Agreement, unless refinanced pursuant to Section 4 below.
(c) Each of the parties to this Eighth Ninth Term Loan Amendment hereby agrees that on the Eighth Ninth Term Loan Amendment Effective Date, (i) the existing Term B Loans of each Extending Lender shall be converted into 2022 Term B B-2 Loans, (ii) the 2022 Term B B-2 Loans shall constitute a new “Class” of 2022 Term B B-2 Loans for all purposes of the Credit Agreement and the other Loan Documents and (iii) the 2022 Term B B-2 Loans of the Extending Lenders shall become “Term Loans” for all purposes of the Credit Agreement and the other Loan Documents.
(d) Each of the parties to this Eighth Ninth Term Loan Amendment hereby agrees (x) that the 2022 Term B B-2 Loans established pursuant to this Eighth Ninth Term Loan Amendment shall have the “Interest Rates”, “Maturity Date”, “Scheduled Amortization” and “Call Premium” as set forth on Annex I hereto and (y) that all other terms and conditions applicable to such 2022 Term B B-2 Loans shall be as set forth in the Credit Agreement as amended pursuant to this Eight Ninth Term Loan Amendment (including pursuant to Section 3 below).
Appears in 1 contract
Sources: Term Loan Amendment (Sabre Corp)
Extension Amendment. (a) For the avoidance of doubt, (i) this Eighth Term Loan This First Lien Amendment constitutes an ▇▇. ▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇ “Extension Amendment” pursuant to which a new Class of Extended Term Loans is established pursuant to Section 2.16 of the Credit Agreement, (ii) each existing Term B Lender that has executed and delivered a counterpart to this Eighth Term Loan Amendment has made an “Extension Election” and constitutes an “Extending Lender” with respect to its 2022 Term B Loans and (iii) the Eighth Term Loan Amendment Effective Date (as defined below) constitutes an “Extension Date” under Section 2.16 of the Credit Agreement▇▇▇▇ ▇▇▇▇▇▇▇▇”.
(b▇) Subject to the terms and conditions set forth herein and the occurrence herein, (i) each Revolving Credit Lender in its capacity as a Revolving Credit Lender of the Eighth Term Loan Amendment Effective Date, each Extending Lender Current Revolving Credit Class and identified as a “2022 Revolving Credit Lender” on the signature pages hereto agrees that it has made an Extension Election to convert have all of its existing Term B Loans into Revolving Credit Commitments exchanged for 2022 Term B LoansRevolving Credit Commitments and (ii) each other Revolving Credit Lender of the Current Revolving Credit Class shall be deemed to have made an Extension Election to not exchange its Revolving Credit Commitments for 2022 Revolving Credit Commitments with respect to its existing Revolving Credit Commitments and shall hold 2019 Revolving Credit Commitments. The existing Term B Loans of Term B Lenders that are not Extending Lenders party hereto From and after the establishment thereof, the 2022 Revolving Credit Commitments shall remain unaffected have terms and outstanding pursuant provisions identical to the Revolving Credit AgreementCommitments outstanding under the First Lien Credit Agreement immediately prior to the First Lien Amendment No. 8 Effective Date, unless refinanced pursuant to Section 4 belowexcept as set forth in this First Lien Amendment No. 8.
(c) Each The First Lien Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the conformed copy of the parties to this Eighth Term Loan Amendment hereby agrees that on the Eighth Term Loan Amendment Effective Date, (i) the existing Term B Loans of each Extending Lender shall be converted into 2022 Term B Loans, (ii) the 2022 Term B Loans shall constitute a new “Class” of 2022 Term B Loans for all purposes of the First Lien Credit Agreement and the other Loan Documents and (iii) the 2022 Term B Loans of the Extending Lenders shall become “Term Loans” for all purposes of the Credit Agreement and the other Loan Documentsas amended by this First Lien Amendment No. 8 attached as Exhibit C hereto.
(d) Each The Revolving Credit Commitment portion of Schedule 2.01 of the parties to this Eighth Term Loan Amendment hereby agrees (x) that First Lien Credit Agreement is set forth hereto as Schedule C, reflecting the 2019 Revolving Credit Commitments and the 2022 Term B Loans established pursuant to this Eighth Term Loan Amendment shall have the “Interest Rates”, “Maturity Date”, “Scheduled Amortization” and “Call Premium” as set forth on Annex I hereto and (y) that all other terms and conditions applicable to such 2022 Term B Loans shall be as set forth in the Revolving Credit Agreement as amended pursuant to this Eight Term Loan Amendment (including pursuant to Section 3 below)Commitments.
Appears in 1 contract
Sources: First Lien Credit Agreement (DTZ Jersey Holdings LTD)
Extension Amendment. (a) For the avoidance of doubt, (i) this Eighth Fourth Term Loan Extension Amendment constitutes an “Extension Amendment” pursuant to which a new Class of Extended Term Loans is established pursuant to Section 2.16 of the Credit Agreement, (ii) each existing 2021 Other Term B B-1 Lender that has executed and delivered a counterpart to this Eighth Fourth Term Loan Extension Amendment has made an “Extension Election” and constitutes an “Extending Lender” with respect to its 2022 2021 Other Term B B-1 Loans and (iiiiv) the Eighth Fourth Term Loan Extension Amendment Effective Date (as defined below) constitutes an “Extension Date” under Section 2.16 of the Credit Agreement.
(b) Subject to the terms and conditions set forth herein and the occurrence of the Eighth Fourth Term Loan Extension Amendment Effective Date, each Extending Lender agrees to convert all of its existing Existing Term B Loans into 2022 2024 Term B B-2 Loans. The existing Existing Term B Loans of Term B Lenders that are not Extending Lenders party hereto shall remain unaffected and outstanding pursuant to the Credit Agreement, unless refinanced pursuant to Section 4 below.
(c) Each of the parties to this Eighth Fourth Term Loan Extension Amendment hereby agrees that on the Eighth Fourth Term Loan Extension Amendment Effective Date, (i) the existing Existing Term B Loans of each Extending Lender shall be converted into 2022 2024 Term B B-2 Loans, (ii) the 2022 2024 Term B B-2 Loans shall constitute a new “Class” of 2022 2024 Term B B-2 Loans for all purposes of the Credit Agreement and the other Loan Documents and (iii) the 2022 2024 Term B B-2 Loans of the Extending Lenders shall become “Term Loans” for all purposes of the Credit Agreement and the other Loan Documents.
(d) Each of the parties to this Eighth Fourth Term Loan Extension Amendment hereby agrees (x) that the 2022 2024 Term B B-2 Loans established pursuant to this Eighth Fourth Term Loan Extension Amendment shall have the “Interest Rates”, “Maturity Date”, “Scheduled Amortization” and “Call Premium” as set forth on Annex I hereto and (y) that all other terms and conditions applicable to such 2022 2024 Term B B-2 Loans shall be as set forth in the Credit Agreement as amended pursuant to this Eight Fourth Term Loan Extension Amendment (including pursuant to Section 3 below).
Appears in 1 contract
Sources: Fourth Term Loan B Extension Amendment (Sabre Corp)
Extension Amendment. (a) For the avoidance of doubt, (i) this Eighth Third Term Loan Extension Amendment constitutes an “Extension Amendment” pursuant to which a new Class of Extended Term Loans is established pursuant to Section 2.16 of the Credit Agreement, (ii) each existing 2021 Other Term B-2 Lender that has executed and delivered a counterpart to this Third Term Loan Extension Amendment has made an “Extension Election” and constitutes an “Extending Lender” with respect to its 2021 Other Term B-2 Loans, (iii) each existing 2022 Term B Lender that has executed and delivered a counterpart to this Eighth Third Term Loan Extension Amendment has made an “Extension Election” and constitutes an “Extending Lender” with respect to its 2022 Term B Loans, (iv) each existing 2022 Term B-2 Lender that has executed and delivered a counterpart to this Third Term Loan Extension Amendment has made an “Extension Election” and constitutes an “Extending Lender” with respect to its 2022 Term B-2 Loans and (iiiv) the Eighth Third Term Loan Extension Amendment Effective Date (as defined below) constitutes an “Extension Date” under Section 2.16 of the Credit Agreement.
(b) Subject to the terms and conditions set forth herein and the occurrence of the Eighth Third Term Loan Extension Amendment Effective Date, each Extending Lender agrees to convert all of its existing Existing Term B Loans into 2022 2024 Term B B-1 Loans. The existing Existing Term B Loans of Term B Lenders that are not Extending Lenders party hereto shall remain unaffected and outstanding pursuant to the Credit Agreement. For the avoidance of doubt, unless refinanced notwithstanding the fact that the 2021 Other Term B-2 Loans, 2022 Term B Loans and 2022 Term B-2 Loans each constitute a separate Class of Term Loans under the Credit Agreement, the portion of such Loans that are extended pursuant to Section 4 belowthis Third Term Loan Extension Amendment shall be converted into a single Class of 2024 Term B-1 Loans.
(c) Each of the parties to this Eighth Third Term Loan Extension Amendment hereby agrees that on the Eighth Third Term Loan Extension Amendment Effective Date, (i) the existing Existing Term B Loans of each Extending Lender shall be converted into 2022 2024 Term B B-1 Loans, (ii) the 2022 2024 Term B B-1 Loans shall constitute a new “Class” of 2022 2024 Term B B-1 Loans for all purposes of the Credit Agreement and the other Loan Documents and (iii) the 2022 2024 Term B B-1 Loans of the Extending Lenders shall become “Term Loans” for all purposes of the Credit Agreement and the other Loan Documents.
(d) Each of the parties to this Eighth Third Term Loan Extension Amendment hereby agrees (x) that the 2022 2024 Term B B-1 Loans established pursuant to this Eighth Third Term Loan Extension Amendment shall have the “Interest Rates”, “Maturity Date”, “Scheduled Amortization” and “Call Premium” as set forth on Annex I hereto and (y) that all other terms and conditions applicable to such 2022 2024 Term B B-1 Loans shall be as set forth in the Credit Agreement as amended pursuant to this Eight Third Term Loan Extension Amendment (including pursuant to Section 3 below).
Appears in 1 contract
Extension Amendment. Subject to the satisfaction of the conditions precedent set forth in Section 6 below, the Borrower, the Guarantors, each of the Extending Revolving Lenders and Agent hereby agree as follows:
(a) Each Extending Revolving Lender agrees, severally and not jointly, to provide to the Borrower its 2021 Extended Revolving Commitments as “Extended Revolving Commitments” under and as defined in the Amended Credit Agreement, commencing as of the Extension Effective Time in an amount equal to such Extending Revolving Lender’s 2021 Extended Revolving Commitments as set forth on Schedule 2.01 hereto, and to make 2021 Extended Revolving Loans to the Borrower under the Amended Credit Agreement, in each case, from time to time, on any Business Day during the period from the Extension Effective Time until the earlier of the Revolving Maturity Date and the termination of the 2021 Extended Revolving Commitments of such Extending Revolving Lender in accordance with the terms of the Amended Credit Agreement, in an aggregate principal amount not to exceed at any time outstanding the amount of such Extending Revolving Lender’s 2021 Extended Revolving Commitments. The 2021 Extended Revolving Commitments shall constitute “Revolving Commitments” for all purposes under the Amended Credit Agreement, and the 2021 Extended Revolving Loans shall constitute “Revolving Loans” for all purposes under the Amended Credit Agreement. For the avoidance of doubt, (i) this Eighth Term Loan Amendment constitutes an “Extension Amendment” pursuant to which a new Class of Extended Term Loans is established pursuant to Section 2.16 immediately following the effectiveness of the Credit Agreement2021 Extended Revolving Commitments at the Extension Effective Time, (ii) the Existing Revolving Commitments of each existing Term B Extending Revolving Lender that has executed and delivered a counterpart to this Eighth Term Loan Amendment has made an “Extension Election” and constitutes an “Extending Lender” with respect to its 2022 Term B Loans and (iii) the Eighth Term Loan Amendment Effective Date (as defined below) constitutes an “Extension Date” under Section 2.16 of the Credit Agreementshall automatically be terminated in full.
(b) Subject Each Extending Revolving Lender hereby severally agrees that its Existing Revolving Loans shall be converted into 2021 Extended Revolving Loans (the “Converted Revolving Loans”) at the Extension Effective Time, and each such Converted Revolving Loan shall be deemed to have been extended as a 2021 Extended Revolving Loan at the terms and conditions set forth herein and Extension Effective Time. All Converted Revolving Loans shall constitute the occurrence of the Eighth Term Loan Amendment Effective Date, each Extending Lender agrees to convert all of its existing Term B Loans into 2022 Term B Loans. The existing Term B Loans of Term B Lenders that are not Extending Lenders party hereto shall remain unaffected and outstanding pursuant to the Credit Agreement, unless refinanced pursuant to Section 4 belowsame Revolving Borrowing.
(c) Each Letter of the parties to this Eighth Term Loan Amendment hereby agrees that on the Eighth Term Loan Amendment Effective Date, (i) the existing Term B Loans of each Extending Lender shall be converted into 2022 Term B Loans, (ii) the 2022 Term B Loans shall constitute a new “Class” of 2022 Term B Loans for all purposes of Credit issued under the Credit Agreement and the other Loan Documents and (iii) Existing Revolving Commitments as of immediately prior to the 2022 Term B Loans of Extension Effective Time shall be deemed to be issued under the Extending Lenders shall become “Term Loans” for all purposes of the Amended Credit Agreement and the other Loan Documents2021 Extended Revolving Commitments upon the Extension Effective Time, and the LC Exposure of each Extending Revolving Lender shall be based on such Extending Revolving Lender’s Pro Rata Share of the aggregate LC Exposure (after giving effect to the Extension Effective Time).
(d) Each Subject to satisfaction of the parties to this Eighth Term Loan Amendment hereby agrees (x) that Extension Conditions, the 2022 Term B Loans established pursuant to this Eighth Term Loan Amendment shall have the definition of “Interest Rates”, “Revolving Maturity Date”, “Scheduled Amortization” and “Call Premium” as set forth on Annex I hereto and (y) that all other terms and conditions applicable to such 2022 Term B Loans shall be as set forth in Section 1.01 of the Credit Agreement is hereby amended and restated as amended pursuant to this Eight Term Loan Amendment (including pursuant to Section 3 below).follows:
Appears in 1 contract