Term Loans Modified Clause Samples

Term Loans Modified. Pursuant to Section 2.13 of the Existing Credit Agreement, each Term A-3 Facility Lender party hereto (each such Term A-3 Facility Lender with respect to its Extending Term A-3 Facility Loans (as defined below), an “Extending Term A-3 Facility Lender”) hereby severally agrees that effective on the Effective Date, the existing Term A-3 Facility Loans of such Extending Term A-3 Facility Lender in the amount set forth on Schedule B hereto (such Term A-3 Facility Loans, the “Extending Term A-3 Facility Loans”) shall automatically, and without further action by such Extending Term A-3 Facility Lender, be modified to become a new Tranche of Extended Term Loans to be designated as the “Term A-4 Facility Loans” having the terms and conditions set forth therefor in this Fifth Amendment and the Amended Credit Agreement. On the Effective Date, the Administrative Agent shall revise the Register to reflect the modification of the Extending Term A-3 Facility Loans of the Extending Term A-3 Facility Lenders into Term A-4