Common use of New Term Loans Clause in Contracts

New Term Loans. (a) Subject to the terms and conditions set forth herein (i) each Continuing Term Lender agrees to continue all (or, at the Lead Arranger’s election, part) of its Existing Term Loans as a New Term Loan on the date requested by the US Borrower to be the First Amendment Effective Date (which date shall not be later than May 13, 2011) in a principal amount up to the amount of such Continuing Term Lender’s New Term Loan Commitment (as defined below) and (ii) each Additional Term Lender agrees to make a New Term Loan on such date to the US Borrower in a principal amount equal to such Additional Term Lender’s New Term Loan Commitment. For purposes hereof, a Person may become a party to the Credit Agreement as amended hereby and a New Term Lender as of the First Amendment Effective Date by executing and delivering to the Administrative Agent, on or prior to the First Amendment Effective Date, a Lender Addendum in its capacity as a New Term Lender. The US Borrower shall give notice to the Administrative Agent of the proposed First Amendment Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each Term Lender and each Additional Term Lender thereof. For the avoidance of doubt, the Existing Term Loans of a Continuing Term Lender must be continued in whole and may not be continued in part unless approved by X.X. Xxxxxx Securities LLC (the “Lead Arranger”).

Appears in 2 contracts

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.), Credit Agreement (Dave & Busters Inc)

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New Term Loans. (a) A. Subject to the terms and conditions set forth herein herein, (i) each Continuing Term B Lender agrees to continue all or a portion (or, at as determined by the Lead Arranger’s election, partArranger and notified to such Lender) of its Existing Term B Loans as a New Term B Loan on the date requested by the US Borrower to be the First Third Amendment Effective Date (which date shall not be later than May 13, 2011) in a principal amount up equal to the amount of such Continuing Existing Term Lender’s New Term Loan Commitment (as defined below) B Loans and (ii) each Additional Term B Lender agrees to make a New Term Loan B Loans on such date to the US Borrower in a principal amount equal to such Additional Term B Lender’s New Term B Loan CommitmentCommitment (as defined below). For purposes hereof, a Person may become a party to the Credit Agreement as amended hereby and become a New Term B Lender as of the First Third Amendment Effective Date by executing this Amendment or the Lender New Commitment, as applicable, and delivering to the Administrative Agent, on or prior to the First Third Amendment Effective Date, a counterpart signature page to this Amendment or the Lender Addendum New Commitment, as applicable, in its capacity as a New Term B Lender. The US Borrower shall give notice to the Administrative Agent of the proposed First Third Amendment Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each New Term Lender and each Additional Term B Lender thereof. For the avoidance of doubt, the Existing Term B Loans of a Continuing Term B Lender must be continued in whole and may not be continued in part unless approved or otherwise determined by X.X. Xxxxxx Securities LLC (the “Lead Arranger”)Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Integer Holdings Corp)

New Term Loans. (a) A. Subject to the terms and conditions set forth herein herein, (i) each Continuing Term B Lender agrees to continue all or a portion (or, at as determined by the Lead Arranger’s election, partAdministrative Agent and notified to such Lender) of its Existing Term B Loans as a New Term B Loan on the date requested by the US Borrower to be the First Amendment Effective Date (which date shall not be later than May 13, 2011) in a principal amount up equal to the amount of such Continuing Existing Term Lender’s New Term Loan Commitment (as defined below) B Loans and (ii) each Additional Term B Lender agrees to make a New Term Loan B Loans on such date to the US Borrower in a principal amount equal to such Additional Term B Lender’s New Term B Loan CommitmentCommitment (as defined below). For purposes hereof, a Person may become a party to the Credit Agreement as amended hereby and become a New Term B Lender as of the First Amendment Effective Date by executing this Amendment or the Lender New Commitment, as applicable, and delivering to the Administrative Agent, on or prior to the First Amendment Effective Date, a counterpart signature page to this Amendment or the Lender Addendum New Commitment, as applicable, in its capacity as a New Term B Lender. The US Borrower shall give notice to the Administrative Agent of the proposed First Amendment Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each New Term Lender and each Additional Term B Lender thereof. For the avoidance of doubt, the Existing Term B Loans of a Continuing Term B Lender must be continued in whole and may not be continued in part unless approved or otherwise determined by X.X. Xxxxxx Securities LLC (the “Lead Arranger”)Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Integer Holdings Corp)

New Term Loans. (a) A. Subject to the terms and conditions set forth herein herein, (i) each Continuing Term B Lender agrees to continue all or a portion (or, at as determined by the Lead Arranger’s election, partArranger and notified to such Lender) of its Existing Term B Loans as a New Term B Loan on the date requested by the US Borrower to be the First Sixth Amendment Effective Date (which date shall not be later than May 13, 2011) in a principal amount up equal to the amount of such Continuing Existing Term Lender’s New Term Loan Commitment (as defined below) B Loans and (ii) each Additional Term B Lender agrees to make a New Term Loan B Loans on such date to the US Borrower in a principal amount equal to such Additional Term B Lender’s New Term B Loan CommitmentCommitment (as defined below). For purposes hereof, a Person may become a party to the Credit Agreement as amended hereby and become a New Term B Lender as of the First Sixth Amendment Effective Date by executing this Amendment or the Lender New Commitment, as applicable, and delivering to the Administrative Agent, on or prior to the First Sixth Amendment Effective Date, a counterpart signature page to this Amendment or the Lender Addendum New Commitment, as applicable, in its capacity as a New Term B Lender. The US Borrower shall give notice to the Administrative Agent of the proposed First Sixth Amendment Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each New Term Lender and each Additional Term B Lender thereof. For the avoidance of doubt, the Existing Term B Loans of a Continuing Term B Lender must be continued in whole and may not be continued in part unless approved or otherwise determined by X.X. Xxxxxx Securities LLC (the “Lead Arranger”)Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Integer Holdings Corp)

New Term Loans. (a) Subject to Effective as of the Second Amendment Effective Date and on the terms and subject to the conditions set forth herein (i) herein, each Continuing Cashless Term Lender hereby agrees to continue all (or, at make New Term Loans up to the Lead Arrangeraggregate principal amount of such Lender’s election, part) of its Existing Term Loans (or such lesser amount as a New may be allocated to such Cashless Term Loan Lender by the Administrative Agent) on the date requested by the US Borrower to be the First Second Amendment Effective Date (which date shall not be later than May 13, 2011) in a principal amount up to and approves the amount of such Continuing Term Lender’s New Term Loan Commitment (as defined below) and (ii) each Additional Term Lender agrees to make a New Term Loan on such date to the US Borrower in a principal amount equal to such Additional Term Lender’s New Term Loan Commitment. For purposes hereof, a Person may become a party amendments to the Credit Agreement as amended hereby set forth in this Amendment. On the terms and a subject to the conditions herein, the New Term Lender as of hereby agrees to make New Term Loans in the First aggregate amount specified on such New Term Lender’s signature page to this Amendment on the Second Amendment Effective Date and approves the amendments to the Credit Agreement as set forth in this Amendment. On the terms and subject to the conditions herein, each Assignment Term Lender agrees to accept an Assignment and Assumption of New Term Loans from the New Term Lender, in an aggregate amount equal to such Assignment Term Lender’s Existing Term Loans (or such lesser amount as may be allocated to such Assignment Term Lender by executing and delivering to the Administrative Agent, ) on or prior to the First Amendment Effective Date, a Lender Addendum in its capacity as a New Term Lender. The US Borrower shall give notice to the Administrative Agent of the proposed First Second Amendment Effective Date not later than one Business Day prior thereto, and approves the Administrative Agent shall notify each Term Lender and each Additional Term Lender thereofamendments to the Credit Agreement as set forth in this Amendment. For Pursuant to Section 2.26 of the avoidance of doubtCredit Agreement, the Existing New Term Loans of a Continuing Term Lender must be continued shall have the terms set forth in whole this Amendment and may not be continued in part unless approved the Credit Agreement (as amended by X.X. Xxxxxx Securities LLC (the “Lead Arranger”this Amendment).

Appears in 1 contract

Samples: Credit Agreement (Allison Transmission Holdings Inc)

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New Term Loans. (a) Subject to the terms and conditions set forth herein (i) each Continuing Term Lender agrees to continue all (or, at the Lead Arranger’s election, part) of its Existing Term Loans as a New Term Loan Loans on the date requested by the US Borrower to be the First Amendment Effective Date (which date shall not be later than May 13March 15, 2011) in a principal amount up equal to the amount of such Continuing Term Lender’s New Tranche A Term Loan Commitment (or New Tranche B Term Loan Commitment, as defined below) applicable and (ii) each Additional Term Lender agrees to make a New Tranche A Term Loan and/or New Tranche B Term Loan on such date to the US Borrower in a principal amount equal to such Additional Term Lender’s New Tranche A Term Loan Commitment and/or New Tranche B Term Loan Commitment. For purposes hereof, a Person may become a party to the Credit Agreement as amended hereby and a New Term Lender as of the First Amendment Effective Date by executing and delivering to the Administrative Agent, on or prior to the First Amendment Effective Date, a Lender Addendum in its capacity as a New Term Lender. The US Borrower shall give notice to the Administrative Agent of the proposed First Amendment Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each Term Lender and each Additional Term Lender thereof. For the avoidance of doubt, the Existing Term Loans of a Continuing Term Lender must be continued in whole and may not be continued in part unless approved by X.X. Xxxxxx Securities LLC (the “Lead Arranger”)JPMorgan.

Appears in 1 contract

Samples: Credit Agreement (Universal Health Services Inc)

New Term Loans. (a) Subject to the terms and conditions set forth herein (i) each Continuing Term Lender agrees to continue all (or, at the Lead Arranger’s election, part) of its Existing Term Loans as a New Term Loan on the date requested by the US Borrower to be the First Second Amendment Effective Date (which date shall not be later than May 1331, 20112013) in a principal amount up to the amount of such Continuing Term Lender’s New Term Loan Commitment (as defined below) and (ii) each Additional Term Lender agrees to make a New Term Loan on such date to the US Borrower in a principal amount equal to such Additional Term Lender’s New Term Loan Commitment. For purposes hereof, a Person may become a party to the Amended Credit Agreement as amended hereby and a New Term Lender as of the First Second Amendment Effective Date by executing and delivering to the Administrative Agent, on or prior to the First Second Amendment Effective Date, a Lender Addendum in its capacity as a New Term Lender. The US Borrower shall give notice to the Administrative Agent of the proposed First Second Amendment Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each Term Lender and each Additional Term Lender thereof. For the avoidance of doubt, the Existing Term Loans of a Continuing Term Lender must be continued in whole and may not be continued in part unless approved by X.X. Xxxxxx Securities LLC (the “Lead Arranger”).

Appears in 1 contract

Samples: Credit Agreement (Dave & Busters Inc)

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