Amendment No. 2 Effective Date definition
Examples of Amendment No. 2 Effective Date in a sentence
The proceeds of the Term B-2 Loans (other than the Incremental Term B-2 Loans) made on Amendment No. 2 Effective Date shall be used to refinance in full the Term B-1 Loans and to pay any fees and expenses incurred in connection therewith.
This Amendment shall not constitute a novation of any amount owing under the Existing Credit Agreement and all amounts owing in respect of principal, interest, fees and other amounts pursuant to the Existing Credit Agreement and the other Loan Documents shall, to the extent not paid on or prior to the Amendment No. 2 Effective Date, continue to be owing under the Credit Agreement or such other Loan Documents until paid in accordance therewith.
The proceeds of the Incremental Term B-2 Loans made on the Amendment No. 2 Effective Date shall be used for ongoing working capital requirements of GBT and its Subsidiaries and for general corporate purposes (including to fund Permitted Acquisitions or any other acquisitions not prohibited by the Loan Documents).
Such payment of costs shall be made on the Amendment No. 2 Effective Date, as provided in the conditions to the Amendment No. 2 Effective Date, and if and to the extent for any reason such costs and expenses are not paid on the Amendment No. 2 Effective Date then the same shall be paid within one (1) Business Day of demand therefor after the Amendment No. 2 Effective Date.
This Amendment may not be amended, modified or waived except (i) prior to the Amendment No. 2 Effective Date, pursuant to a written agreement signed by each of the parties hereto and (ii) from and after the Amendment No. 2 Effective Date, as permitted by the relevant provisions of the Credit Agreement.