Common use of Maturity Date for Non-Extending Lenders Clause in Contracts

Maturity Date for Non-Extending Lenders. On each Existing Maturity Date applicable to such Lender, (i) to the extent of the applicable Commitments and applicable Loans of each Non-Extending Lender not assigned to the Additional Commitment Lenders, the applicable Commitment of each Non-Extending Lender shall automatically terminate and (ii) the Borrowers shall repay such Non-Extending Lender in accordance with Section 2.10 (and shall pay to such Non-Extending Lender all of the other Obligations owing to it under this Agreement in respect of the applicable Facility) and after giving effect thereto shall prepay any 105 applicable Loans outstanding on such date (and pay any additional amounts required pursuant to Section 2.16) to the extent necessary to keep outstanding Loans of the applicable Class ratable with any revised 2023 Applicable Percentage of the applicable Class of Lenders effective as of such date, and the Administrative Agent shall administer any necessary reallocation of the applicable Class of Loans and/or Commitments (without regard to any minimum borrowing, pro rata borrowing and/or pro rata payment requirements contained elsewhere in this Agreement).

Appears in 2 contracts

Samples: Credit Agreement (Capri Holdings LTD), Credit Agreement (Capri Holdings LTD)

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Maturity Date for Non-Extending Lenders. On each Existing the applicable Maturity Date applicable to such Lender, (i) to the extent of the applicable Commitments and applicable Loans of each Non-Extending Lender not assigned to of the Additional Commitment Lendersrelevant Class, (i) the applicable Term Loan Commitment of each Non-Extending Lender of such Class shall automatically terminate and (ii) the Borrowers Company shall repay such Non-Extending Lender of such Class in accordance with Section 2.10 (and shall pay to such Non-Extending Lender all of LEGAL02/41506940v2 Table of Contents (continued) Page the other Obligations owing to it under this Agreement in respect of the applicable FacilityAgreement) and after giving effect thereto shall prepay any 105 Loans of the applicable Loans Class outstanding on such date (and pay any additional amounts required pursuant to Section 2.16) to the extent necessary to keep outstanding Loans of the applicable Class ratable with any revised 2023 Applicable Percentage Percentages of the applicable respective Lenders of such Class of Lenders effective as of such date, and the Administrative Agent shall administer any necessary reallocation of the applicable Class of Loans Credit Exposures and/or Term Loan Commitments (without regard to any minimum borrowing, pro rata borrowing and/or pro rata payment requirements contained elsewhere in this Agreement).

Appears in 1 contract

Samples: Assignment and Assumption (Brown & Brown, Inc.)

Maturity Date for Non-Extending Lenders. On each Existing Maturity Date applicable to such Lender, (i) to the extent of the applicable Commitments and applicable Loans of each Non-Non- Extending Lender of the relevant Class not assigned to the Additional Commitment LendersLenders of such Class, the applicable Commitment of each Non-Extending Lender of such Class shall automatically terminate and (ii) the Borrowers Company shall repay such Non-Extending Lender of such Class in accordance with Section 2.10 (and shall pay to such Non-Extending Lender all of the other Obligations owing to it under this Agreement in respect of the applicable FacilityAgreement) and after giving effect thereto shall prepay any 105 Loans of the applicable Loans Class outstanding on such date (and pay any additional amounts required pursuant to Section 2.16) to the extent necessary to keep outstanding Loans of the applicable Class ratable with any revised 2023 Applicable Percentage Percentages of the applicable respective Lenders of such Class of Lenders effective as of such date, and the Administrative Agent shall administer any necessary reallocation of the applicable Class of Loans and/or Commitments Credit Exposures (without regard to any minimum borrowing, pro rata borrowing and/or pro rata payment requirements contained elsewhere in this Agreement).

Appears in 1 contract

Samples: Credit Agreement (Coach Inc)

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Maturity Date for Non-Extending Lenders. On each Existing Maturity Date applicable to such Lender, (i) to the extent of the applicable Commitments and applicable Loans of each Non-Extending Lender of the relevant Class not assigned to the Additional Commitment LendersLenders of such Class, the applicable Commitment of each Non-Extending Lender of such Class shall automatically terminate and (ii) the Borrowers Company shall repay such Non-Extending Lender of such Class in accordance with Section 2.10 (and shall pay to such Non-Extending Lender all of the other Obligations owing to it under this Agreement in respect of the applicable FacilityAgreement) and after giving effect thereto shall prepay any 105 Loans of the applicable Loans Class outstanding on such date (and pay any additional amounts required pursuant to Section 2.16) to the extent necessary to keep outstanding Loans of the applicable Class ratable with any revised 2023 Applicable Percentage Percentages of the applicable respective Lenders of such Class of Lenders effective as of such date, and the Administrative Agent shall administer any necessary reallocation of the applicable Class of Loans and/or Commitments Credit Exposures (without regard to any minimum borrowing, pro rata borrowing and/or pro rata payment requirements contained elsewhere in this Agreement).

Appears in 1 contract

Samples: Credit Agreement (Under Armour, Inc.)

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