Common use of Pre-Amendment Loans Clause in Contracts

Pre-Amendment Loans. Notwithstanding anything herein, the parties hereto hereby agree that (a) to the extent any Loan bearing interest at the LIBO Rate (as defined in the Credit Agreement) is outstanding on the Amendment No. 2 Effective Date (such Loans, the “Pre-Amendment Loans”), such Loan shall continue to bear interest at the LIBO Rate until the end of the current Interest Period or payment period applicable to such Loan, it being understood that such Pre-Amendment Loans shall remain subject to the terms of the Credit Agreement (without giving effect to this Amendment) until the end of the applicable Interest Period, (b) in no event shall any Borrower be entitled to request any Loans that are LIBO Rate Term Loans (as defined in the Credit Agreement) after the Amendment No. 2 Effective Date (or submit a notice of conversion or continuation with respect to continuing any such Loans or requesting conversion of a Loan into a LIBO Rate Term Loan) and (c) at the end of the current Interest Period or payment period, as applicable, each Pre-Amendment Loan shall, unless otherwise instructed by the Lead Borrower, be automatically converted to a Term SOFR Term Loan bearing interest at Term SOFR with the same Interest Period as such Pre-Amendment Loan.

Pre-Amendment Loans. Notwithstanding anything herein, the parties hereto hereby agree that (a) to the extent any Loan in Dollars bearing interest at the LIBO Eurocurrency Rate (as defined in the Credit Agreement) is outstanding on the Amendment No. 2 Effective Date (such Loans, the “Pre-Amendment Loans”), such Loan shall continue to bear interest at the LIBO Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan, it being understood that such Pre-Amendment Loans shall remain subject to the terms of the Existing Credit Agreement (without giving effect to the amendments set forth in Section 2 of this Amendment) until the end of the applicable Interest Period, (b) in no event shall any the Borrower be entitled to request any Loans that are LIBO Rate Term Eurocurrency Loans (as defined in the Credit Agreement) after the Amendment No. 2 Effective Date (or submit a notice of conversion or continuation with respect to continuing any such Loans or requesting conversion of a Loan into a LIBO Rate Term Eurocurrency Loan) and (c) at the end of the current Interest Period or payment period, as applicable, each Pre-Amendment Loan shall, unless otherwise instructed by the Lead Borrower, be automatically converted to a Term SOFR Term Loan bearing interest at Term SOFR with the same Interest Period as such Pre-Amendment Loan.

Pre-Amendment Loans. Notwithstanding anything herein, the parties hereto hereby agree that (a) to the extent any Loan in an Agreed Currency bearing interest at the Adjusted LIBO Rate (as defined in the Credit Agreement) is outstanding on the Amendment No. 2 10 Effective Date (such Loans, the “Pre-Amendment Loans”), such Loan shall continue to bear interest at the Adjusted LIBO Rate until the end of the current Interest Period or payment period applicable to such Loan, it being understood that such Pre-Amendment Loans shall remain subject to the terms of the Existing Credit Agreement (without giving effect to the amendments set forth in Section 2 of this Amendment) until the end of the applicable Interest Period, (b) in no event shall any the Borrower be entitled to request any Loans that are LIBO Rate Term Eurocurrency Loans (as defined in the Credit Agreement) after the Amendment No. 2 10 Effective Date (or submit a notice of conversion or continuation with respect to continuing any such Loans or requesting conversion of a Loan into a LIBO Rate Term Eurocurrency Loan) and (c) at the end of the current Interest Period or payment period, as applicable, each Pre-Amendment Loan shall, unless otherwise instructed by the Lead Borrower, be automatically converted to a Term SOFR Term Loan bearing interest at Term SOFR with the same Interest Period as such Pre-Amendment Loan.