Refinancing Term Loan Amendment Sample Clauses
The Refinancing Term Loan Amendment clause outlines the terms and procedures for modifying an existing term loan agreement to accommodate refinancing. Typically, this clause specifies the conditions under which the borrower may replace or restructure the original loan with a new loan, often with different interest rates, maturities, or lenders. For example, it may allow the borrower to obtain a new loan from another lender to pay off the current loan, subject to lender consent and compliance with certain covenants. The core function of this clause is to provide flexibility for the borrower to improve loan terms or manage debt more effectively, while ensuring the lender's interests are protected during the refinancing process.
Refinancing Term Loan Amendment. The Administrative Agent and the Borrower acknowledge and agree that (i) the amendments set forth herein are necessary or appropriate to affect the provisions of Section 2.18 of the Credit Agreement and (ii) this Amendment constitutes a Refinancing Term Loan Amendment under the Credit Agreement.
Refinancing Term Loan Amendment. This Amendment No. 3 constitutes a Refinancing Term Loan Amendment in respect of the Initial Term Loans.
Refinancing Term Loan Amendment. This Restatement constitutes a Refinancing Term Loan Amendment in respect of the Term B-1 Loans.