Common use of Refinancing Loan Request Clause in Contracts

Refinancing Loan Request. Each Refinancing Loan Request shall specify (i) that all of the Borrowers shall be borrowers or issuers, as applicable, of such Refinancing Debt, (ii) the date (each, a “Refinancing Debt Effective Date”) on which the Borrowing Agent proposes that the Refinancing Loans and/or Refinancing Notes be made, which shall be a date reasonably acceptable to the Administrative Agent, (iii) in the case of Refinancing Loans, the identity of the Persons (each of which shall be a Person that would be an Eligible Assignee (for this purpose treating a Lender of Refinancing Loans as if it were an assignee)) whom the Borrowing Agent proposes would provide the Refinancing Loans and the portion of the Refinancing Loans to be provided by each such Person, and (iv) the requested amount and the proposed terms of such Refinancing Debt. On each Refinancing Debt Effective Date, each Person with a commitment for a Refinancing Loan (each such Person, a “Refinancing Lender”) or Refinancing Notes (collectively the “Refinancing Note Holders”) shall make a Refinancing Loan to the Borrowers and/or purchase Refinancing Notes from the Borrowers, as applicable, in each case, in a principal amount equal to such Person’s commitment therefor.