Repriced Term Loans Sample Clauses
Repriced Term Loans i. On the Amendment No. 7 Effective Date, (x) each Consenting Existing Term Lender shall have all of its Existing Term Loans (or in the case of the Assignee Term Lender, all the Existing Term Loans immediately after giving effect to the assignments from any Consenting Existing Term Lender that elected the “Consent and Post-Closing Settlement Option” on its Term Lender Consent) automatically converted to Repriced Term Loans for all purposes under the Amended Credit Agreement, and such Repriced Term Loans shall be outstanding under the Amended Credit Agreement on the terms and conditions set forth therein and (y) each Replacement Term Lender shall make Repriced Term Loans to the Borrowers on the Amendment No. 7 Effective Date in the principal amount of such Replacement Term Lender’s Term Commitment set forth opposite such Replacement Term Lender’s name on the Replacement Term Commitments Schedule.
ii. Pursuant to Section 3.08 of the Credit Agreement, with effect from and including the Amendment No. 7 Effective Date, the Assignee Term Lender (solely with respect to any Existing Term Loans assigned to it), each Cashless Term Lender holding Existing Term Loans, and each Replacement Term Lender have each elected to become an Amendment No. 7 Term Lender and holder of a Repriced Term Loan and shall be a party to this Amendment and the Amended Credit Agreement with all of the rights and obligations of a “Lender” under the Amended Credit Agreement and the other Loan Documents.
iii. Each of the Borrowers and the Administrative Agent hereby consents to the election by each Consenting Existing Term Lender to convert its Existing Term Loans into Repriced Term Loans. To the extent not already a Lender, each Replacement ▇▇▇▇ ▇▇▇▇▇▇ agrees that effective on and at all times after the Amendment No. 7 Effective Date, such Replacement Term Lender will be bound by all obligations and have all rights of a Lender. Each of the parties hereto acknowledges and agrees that (x) this Amendment constitutes a Refinancing Amendment with respect to the establishment of the Repriced Term Loans provided by the Consenting Existing Term Lenders and (y) the Repriced Term Loans provided by the Consenting Existing Term Lenders and the Replacement Term Lenders constitute Repriced Term Loans incurred in accordance with Section 2.18 of the Credit Agreement. The proceeds of such Repriced Term Loans provided by the Replacement Term Lenders will be used on the Amendment No. 7 Effective Date to refinan...
Repriced Term Loans. Subject to the terms and conditions hereof and pursuant to subsection 2.8 of the Existing Credit Agreement, each Cashless Term Lender hereby agrees to make Repriced Term Loans in an aggregate principal amount equal to such ▇▇▇▇▇▇’s Existing Term Loans (or such lesser amount corresponding to the amount of Repriced Term Loans as may be allocated to such Cashless Term Lender by the Administrative Agent, if any) on the Twelfth Amendment Effective Date and approves the amendments to the Existing Credit Agreement as set forth in this Amendment. Subject to the terms and conditions hereof and pursuant to subsection 2.8 of the Existing Credit Agreement, the New Term Loan Lender agrees to make, in a single draw on the Twelfth Amendment Effective Date, Repriced Term Loans in Dollars to the Borrower in the aggregate principal amount set forth on Schedule I hereto. The Repriced Term Loans shall have the same terms as the Existing Term Loans, except as set forth in and modified by this Amendment. The Repriced Term Loans, once disbursed pursuant to this Amendment, shall be assigned the same CUSIP as the Existing Term Loans. The Administrative Agent hereby consents, pursuant to subsection 2.8(b) of the Existing Credit Agreement, to the inclusion of the New Term Loan Lender as an Additional Specified Refinancing Lender (if and to the extent such consent is required thereunder).
Repriced Term Loans. (a) Subject to the terms and conditions set forth herein (i) each Continuing Term Lender agrees to continue all (or such lesser amount as notified to such Lender by the Administrative Agent prior to the First Amendment Effective Date) of its Existing Term Loans as a Repriced Term Loan on the First Amendment Effective Date in a principal amount equal to such Continuing Term Lender’s Repriced Term Commitment (as defined below); and (ii) each Additional Term Lender agrees to make a Repriced Term Loan on such date to the Borrower in a principal amount equal to such Additional Term Lender’s
Repriced Term Loans