Refinancing Term Loan Commitments Clause Samples
Refinancing Term Loan Commitments a)Each New Tranche E Term Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Credit Agreement and subject to the conditions set forth herein, to make New Tranche E Term Loans to the Borrower on the Amendment No. 4 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such New Tranche E Term Lender’s name on Schedule I hereto under the heading “New Tranche E Term Loan Commitment”. Amounts borrowed under this Section 2(a) and repaid or prepaid may not be reborrowed. Each New Tranche F Term Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Credit Agreement and subject to the conditions set forth herein, to make New Tranche F Term Loans to the Borrower on the Amendment No. 4 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such New Tranche F Term Lender’s name on Schedule I hereto under the heading “New Tranche F Term Loan Commitment”. Amounts borrowed under this Section 2(b) and repaid or prepaid may not be reborrowed. Unless the context shall otherwise require, the 2017 Refinancing Term Loans shall constitute “Refinancing Term Loans” and the 2017 Refinancing Term Lenders shall constitute “Refinancing Term Lenders” and “Lenders”, in each case for all purposes of the Amended Credit Agreement and the other Loan Documents. The proceeds of the New Tranche E Term Loans shall be used solely (i) to finance the Tranche E Refinancing, and (ii) to pay Transaction Costs. The proceeds of the New Tranche F Term Loans shall be used solely (i) to finance the Tranche D Refinancing and the Tranche F Refinancing, and (ii) to pay Transaction Costs.
Refinancing Term Loan Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make a Refinancing Term Loan denominated in Dollars to the Borrower on the First Amendment Effective Date, in a principal amount up to the Refinancing Term Loan Commitment of such Lender. The Refinancing Term Loan Commitment of each such Lender will terminate in full upon the making of such Loan by such Lender on the First Amendment Effective Date. The failure of any such Lender to make any such Refinancing Term Loan required to be made by it shall not relieve any other such Lender of its obligations hereunder, provided that the Refinancing Term Loan Commitments of such Lenders are several and no such Lender shall be responsible for any other such Lender’s failure to make such Refinancing Term Loans as required.