Common use of Refinancing Term Loans Clause in Contracts

Refinancing Term Loans. (a) The Company may by written notice to the Administrative Agent elect to request the establishment of one or more additional tranches of term loan commitments under this Agreement (the “Refinancing Term Loan Commitments” and any loans made thereunder, the “Refinancing Term Loans”), to repay any Term Loan or repay, redeem or repurchase any Pari Passu Notes or to fund Cash Collateral for letters of credit permitted to be incurred pursuant to Section 6.01(f) outstanding under this Agreement. Each such notice shall specify the date (each, a “Refinancing Effective Date”) on which the Company proposes that the Refinancing Term Loans shall be made, which shall be a date not less than five Business Days after the date on which such notice is delivered to the Administrative Agent; provided that:

Refinancing Term Loans. (a) The Company Either Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more additional tranches of term loan commitments loans denominated in Dollars under this Agreement (the “Refinancing Term Loan Commitments” and any loans made thereunder, the “Refinancing Term Loans”), to repay which Refinances any Term Loan or repayunder this Agreement on a dollar-for-dollar basis (but including any Refinancing Amount); provided, redeem or repurchase that prior to the Commencement of Operations of the Development, all of the Term Loans (and not any Pari Passu Notes or to fund Cash Collateral for letters of credit permitted portion thereof) shall be required to be incurred pursuant to Section 6.01(f) outstanding under this AgreementRefinanced, if at all. Each such notice shall specify the date (each, a “Refinancing Effective Date”) on which the Company such Borrower proposes that the Refinancing Term Loans shall be made, which shall be a date not less than five Business Days after the date on which such notice is delivered to the Administrative Agent; provided that:

Refinancing Term Loans. (a) The Company Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more additional tranches of term loan commitments loans denominated in Dollars under this Agreement (the “Refinancing Term Loan Commitments” and any loans made thereunder, the “Refinancing Term Loans”), to repay which Refinances any Term Loan or repayunder this Agreement on a dollar-for-dollar basis (but including any Refinancing Amount); provided that prior to the Commencement of Operations, redeem or repurchase all of the Term Loans (and not any Pari Passu Notes or to fund Cash Collateral for letters of credit permitted portion thereof) shall be required to be incurred pursuant to Section 6.01(f) outstanding under this AgreementRefinanced, if at all. Each such notice shall specify the date (each, a “Refinancing Effective Date”) on which the Company Borrower proposes that the Refinancing Term Loans shall be made, which shall be a date not less than five Business Days after the date on which such notice is delivered to the Administrative Agent; provided that: