Refinancing Term Loan. Subject to the terms and conditions of this Agreement, each Refinancing Term Loan Lender severally agrees to make the Refinancing Term Loan to the Borrowers on the Closing Date in a principal amount equal to such Lender’s Refinancing Term Loan Commitment as of the Closing Date.
Refinancing Term Loan. The Borrowers, the Administration Agent and the Refinancing Term Loan Lenders agree that the Refinancing Term Loan Lenders shall make the Refinancing Term Loan as a Base Rate Loan on the Closing Date (provided that the Borrowers may request, no later than three (3) Business Days prior to the Closing Date, that the Lenders make the Refinancing Term Loan as a LIBOR Rate Loan if the Borrowers have delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Lenders in the manner set forth in Section 5.9 of this Agreement). Not later than 1:00 p.m. on the Closing Date, each Refinancing Term Loan Lender will make available to the Administrative Agent for the account of the Borrowers, at the Administrative Agent’s Office in immediately available funds, the amount of such Refinancing Term Loan to be made by such Refinancing Term Loan Lender on the Closing Date. The Borrowers hereby irrevocably authorize the Administrative Agent to disburse the entirety of the proceeds of the Refinancing Term Loan (and a sufficient amount of the proceeds of the Revolving Credit Loans advanced on the Closing Date) in immediately available funds by wire transfer to the lenders under the Existing Credit Agreement for the purpose of paying in full the Existing Term Loan and all interest accrued thereon.
Refinancing Term Loan. The Borrowers shall repay the aggregate outstanding principal amount of the Refinancing Term Loan (i) in consecutive quarterly installments of $1,222,685.18 each on the last Business Day of each of March, June, September and December, commencing March 31, 2011, and (ii) in one final payment on the Scheduled Maturity Date in an amount equal to the then unpaid principal amount of the Refinancing Term Loan (except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof); provided, that if not sooner paid, the Refinancing Term Loan shall be paid in full, together with accrued interest thereon, on the Refinancing Term Loan Maturity Date.
Refinancing Term Loan. Subject to Section 2.3(b), the principal amount outstanding under the Refinancing Term Loan shall accrue interest at a floating per annum rate equal to one and one quarter percentage points (1.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(f) below.”
Refinancing Term Loan. On the Amendment No. 2 Effective Date, subject to the terms and conditions set forth herein and in the Amended Credit Agreement, each of the 2019 Refinancing Term Lenders jointly but not severally agrees to make a Refinancing Term Loan to the Borrower in accordance with this Section 2(b) and the applicable provisions of the Amended Credit Agreement by delivering to the Administrative Agent immediately available funds in an amount equal to its 2019 Refinancing Term Loan Commitment in effect on such date.
Refinancing Term Loan. See s. 4.7. Refinancing Term Loan Lender. See s. 4.7. Register. See s. 18(d).
Refinancing Term Loan. At any time prior to the Term Loan Maturity Date, the Borrowers may, by notice to the Administrative Agent, who shall promptly deliver a copy thereof to each of the Lenders, request the addition of a new tranche of term loans under this Credit Agreement (each, a "Refinancing Term Loan"), 100% of the proceeds of which shall be applied by the Borrowers on the date of receipt to the prepayment in full of the then outstanding Term Loan; provided, however, that both (x) at the time of any such request and (y) after giving effect to any such Refinancing Term Loan, no Default shall exist and the Borrowers shall be in compliance with each of the financial covenants contained in s. 9 herein. Each Refinancing Term Loan (a) shall rank pari passu in right of payment and of security with all other Loans and (b) shall be governed by and subject to all of the provisions, terms and conditions set forth in this Credit Agreement and the other Loan Documents in every respect as though such Refinancing Term Loan was the original "Term Loan" referred to herein and will constitute an Obligation of the Borrowers hereunder (including, without limitation, the mandatory prepayment provisions and s. 5.6 hereof); except that such Refinancing Term Loan may provide for a lower interest rate as agreed to among the Borrowers, each of the Persons providing a portion of the Refinancing Term Loan (each, a "Refinancing Term Loan Lender"), and the Administrative Agent (not to be unreasonably withheld). Each Refinancing Term Loan will be documented pursuant to an amendment to this Credit Agreement (a "Refinancing Facility Amendment") executed by each of the Borrowers, each Lender (including each new Refinancing Term Loan Lender) agreeing to provide a portion of the Refinancing Term Loan and the Administrative Agent, and will not require the consent of any other Lender to be effective, but shall be subject to the satisfaction of each of the conditions set forth in s. 11.
Refinancing Term Loan. (a) Subject to the terms and conditions set forth herein, each of the undersigned financial institutions identified on the signature pages hereto as a "Refinancing Term Loan Lender" (individually, a "Refinancing Term Loan Lender" and collectively, the "Refinancing Term Loan Lenders") agrees to lend to the Borrowers on the Effective Date (defined below) that amount set forth opposite its signature hereto of the Refinancing Term Loan, which shall be in the aggregate principal amount of $200,000,000. For the avoidance of doubt, each of the Refinancing Term Loan Lenders hereby acknowledges and agrees that on the Effective Date that portion of such Refinancing Term Loan Lender's Original Term Loan which is in an amount equal to or less than the amount set forth opposite such Refinancing Term Loan Lender's signature hereto of the Refinancing Term Loan shall be deemed to have been repaid in full and automatically, without any action on the part of any Person, deemed to have been readvanced in an identical equal amount, with such readvanced amount constituting such Refinancing Term Loan Lender's Refinancing Term Loan. Upon the request and at the direction of the Administrative Agent, each of the Refinancing Term Loan Lenders hereby agrees to make any necessary wire transfers to such other Term Loan Lenders as directed by the Administrative Agent in order for each Refinancing Term Loan Lender's portion of the Refinancing Term Loan to be consistent with that amount set forth opposite its signature hereto.
Refinancing Term Loan. The Amendment No. 3 Refinancing Term Loans may from time to time be Base Rate Loans or LIBOR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with the Amended Credit Agreement.
Refinancing Term Loan. Upon execution and delivery hereof, and the funding of the Amendment No. 3 Refinancing Term Loan, the Administrative Agent will record in the Register the Amendment No. 3 Refinancing Term Loan made by the Additional Refinancing Lender.
