Making of Initial Additional Term Loans; Loan Repayment; Amendment and Restatement Sample Clauses

Making of Initial Additional Term Loans; Loan Repayment; Amendment and Restatement. (a) (i) Subject to the terms and conditions set forth herein and in the Amended and Restated Credit Agreement, each Additional Term Loan Lender severally agrees to make to the Borrower, (A) on the Restatement Effective Date, an Initial Additional Term Loan, in a principal amount equal to the amount set forth next to such Additional Term Loan Lender’s name on Schedule 1 under the column “Initial Additional Term Loan Commitment,” and (B) after the Restatement Effective Date, Delayed Draw Additional Term Loans, in an aggregate principal amount up to but not exceeding the amount set forth next to such Additional Term Loan Lender’s name on Schedule 1 under the column “Delayed Draw Additional Term Loan Commitment.” Amounts borrowed under this Section 1 and repaid or prepaid may not be reborrowed. (ii) The commitment of each Additional Term Loan Lender in respect of Initial Additional Term Loans shall be automatically and permanently reduced to $0 upon the making of such Additional Term Loan Lender’s Initial Additional Term Loans on the Restatement Effective Date pursuant to Section 1(a)(i) hereof. (iii) The proceeds of the Additional Term Loans are to be used by the Borrower solely for the purposes set forth in Recital C of this Amendment and as further set forth herein and in the Amended and Restated Credit Agreement.
Sample 1
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Related to Making of Initial Additional Term Loans; Loan Repayment; Amendment and Restatement

  • Credit Agreement Amendments The Credit Agreement is hereby amended as follows:

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Extended Term Loans and Extended Revolving Credit Commitments shall be established pursuant to an amendment (each, an “Extension Amendment”) to this Agreement among the Borrower, the Administrative Agent and each Extending Term Lender or Extending Revolving Credit Lender, as applicable, providing an Extended Term Loan or Extended Revolving Credit Commitment, as applicable, thereunder, which shall be consistent with the provisions set forth in Sections 2.16(a) or (b) above, respectively (but which shall not require the consent of any other Lender). The effectiveness of any Extension Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Section 4.02 and, to the extent reasonably requested by the Administrative Agent, receipt by the Administrative Agent of (i) legal opinions, board resolutions and officers’ certificates consistent with those delivered on the Closing Date other than changes to such legal opinion resulting from a change in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative Agent and (ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order to ensure that the Extended Term Loans or Extended Revolving Credit Commitments, as applicable, are provided with the benefit of the applicable Loan Documents. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Extension Amendment. Each of the parties hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to an Extension Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Extended Term Loans or Extended Revolving Credit Commitments, as applicable, incurred pursuant thereto, (ii) modify the scheduled repayments set forth in Section 2.07 with respect to any Existing Term Loan Tranche subject to an Extension Election to reflect a reduction in the principal amount of the Term Loans thereunder in an amount equal to the aggregate principal amount of the Extended Term Loans amended pursuant to the applicable Extension (with such amount to be applied ratably to reduce scheduled repayments of such Term Loans required pursuant to Section 2.07), (iii) modify the prepayments set forth in Section 2.05 to reflect the existence of the Extended Term Loans and the application of prepayments with respect thereto, (iv) make such other changes to this Agreement and the other Loan Documents consistent with the provisions and intent of the second paragraph of Section 10.01 (without the consent of the Required Lenders called for therein) and (v) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.16, and the Required Lenders hereby expressly authorize the Administrative Agent to enter into any such Extension Amendment.

  • Extension or Amendment of Loans The Servicer will not, except as otherwise permitted in Section 7.4(a), extend, amend or otherwise modify the terms of any Transferred Loan.

  • Credit Agreement Amendment The Credit Agreement is hereby amended as follows:

  • Amendment of Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendment, Extension and Waiver Subject to applicable law, at any time prior to the consummation of the transactions contemplated by this Agreement, the parties may (a) amend this Agreement, (b) extend the time for the performance of any of the obligations or other acts of either party hereto, (c) waive any inaccuracies in the representations and warranties contained herein or in any document delivered pursuant hereto, or (d) waive compliance with any of the agreements or conditions contained in Articles V and VI hereof or otherwise; provided, however, that after any approval of the transactions contemplated by this Agreement by Innes Street's shareholders, there may not be, without further approval of such shareholders, any amendment of this Agreement which reduces the amount or changes the form of the consideration to be delivered to Innes Street shareholders hereunder other than as contemplated by this Agreement. This Agreement may not be amended except by an instrument in writing authorized by the respective Boards of Directors and signed, by duly authorized officers, on behalf of the parties hereto. Any agreement on the part of a party hereto to any extension or waiver shall be valid only if set forth in an instrument in writing signed by a duly authorized officer on behalf of such party, but such waiver or failure to insist on strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure.

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Prepayments and Amendments (a) Except in connection with Refinancing Indebtedness permitted by Section 6.1,

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