Replacement Revolving Commitments. (a) Pursuant to Section 2.16(c) of the Loan Agreement, each of the 2022 Revolving Lenders shall have a 2022 Revolving Credit Commitment in the amount set forth opposite such 2022 Revolving Lender’s name on Schedule 1 to the Amended and Restated Loan Agreement and agrees, severally and not jointly, to make Revolving Loans to the Borrowers as described in Section 2.2 of the Amended and Restated Loan Agreement, with such 2022 Revolving Credit Commitments having the terms set forth in the Amended and Restated Loan Agreement. On the Amendment and Restatement Effective Date, the 2022 Revolving Commitments will replace the Original Revolving Credit Commitments. The Lead Borrower shall prepay in full the outstanding principal amount of any Revolving Loans outstanding immediately prior to the Amendment and Restatement Effective Date. Any Letters of Credit outstanding immediately prior to the Amendment and Restatement Effective Date shall be deemed to be issued under the 2022 Revolving Credit Commitments.
Appears in 1 contract
