Common use of Facility C Loans Clause in Contracts

Facility C Loans. On the Effective Date, (i) the "Facility C Loans" (as defined in the Existing Supplemental Credit Agreement) held by the Existing Lenders under the Existing Supplemental Credit Agreement shall automatically, and without any action on the part of any Person, be deemed to be Facility C Loans hereunder, (ii) the New Lenders shall be Facility C Lenders and parties hereto, and (iii) the Facility C Lenders shall take such steps, which may include the making of assignments and Facility C Loans and other adjustments among the Facility C Lenders, as shall be necessary so that after giving effect to such assignments and adjustments, the Facility C Lenders shall hold Facility C Loans hereunder ratably in accordance with their respective Facility C Commitments. On the Effective Date all Interest Periods under the Existing Supplemental Credit Agreement in respect of the "Facility C Loans" under and as defined in the Existing Supplemental Credit Agreement shall automatically be terminated (and the Company shall on the Effective Date make payments to the Existing Lenders that held such "Facility C Loans" under Section 5.05 thereof to compensate for such termination as if such termination were a payment or prepayment referred to in said Section 5.05), and the Company shall be permitted to continue such "Facility C Loans" as Eurodollar Loans CREDIT AGREEMENT hereunder, or to convert such "Facility C Loans" into Base Rate Loans hereunder.

Facility C Loans. On the Effective Date, (i) the "Facility C Loans" (as defined in the Existing Supplemental Credit Agreement) held by the Existing Lenders under the Existing Supplemental Credit Agreement shall automatically, and without any action on the part of any Person, be deemed to be Facility C Loans hereunder, (ii) the New Lenders shall be Facility C Lenders and parties hereto, and (iii) the Facility C Lenders shall take such steps, which may include the making of assignments and Facility C Loans and other adjustments among the Facility C Lenders, as shall be necessary so that after giving effect to such assignments and adjustments, the Facility C Lenders shall hold Facility C Loans hereunder ratably in accordance with their respective Facility C Commitments. On the Effective Date all Interest Periods under the Existing Supplemental Credit Agreement in respect of the "Facility C Loans" under and as defined in the Existing Supplemental Credit Agreement shall automatically be terminated (and the Company shall on the Effective Date make payments to the Existing Lenders that held such "Facility C Loans" under Section 5.05 thereof to compensate for such termination as if such termination were a payment or prepayment referred to in said Section 5.05), and the Company shall be permitted to continue such "Facility C Loans" as Eurodollar Loans CREDIT AGREEMENT hereunder, or to convert such "Facility C Loans" into Base Rate Loans hereunder.