Examples of Eighth Amendment Effective Date in a sentence
The proceeds of the 2024 Refinancing Term B Loans and 2024 Refinancing Revolving Credit Loans shall be used on the Eighth Amendment Effective Date (i) to consummate the Eighth Amendment Transactions (including payment of Eighth Amendment Transaction Costs) and (ii) for general corporate purposes of the Borrowers and their restricted subsidiaries.
On the Eighth Amendment Effective Date, all outstanding Letters of Credit issued under the Credit Agreement pursuant to the Existing Revolving Credit Commitments shall remain outstanding and shall, for all purposes of the Amended Credit Agreement, be automatically deemed issued under 2024 Refinancing Revolving Credit Commitments and 2024 Refinancing Revolving Credit Facility.
Each Cashless Term B Xxxxxx agrees that upon the Eighth Amendment Effective Date, all (or such lesser amount as the Term Loan B Agent may allocate to such Lender) of its Existing Term B Loans shall be converted to 2024 Refinancing Term B Loans, and the outstanding principal amount of such converted Term Loans shall be deemed repaid in full on the Eighth Amendment Effective Date.
Each Borrower and each of the Subsidiary Guarantors acknowledges and agrees that, on and after the Eighth Amendment Effective Date, this Amendment and each of the other Loan Documents to be executed and delivered by the Borrower in connection herewith shall constitute a Loan Document for all purposes of the Amended Credit Agreement.
Each Additional 2024 Term Loan B Lender agrees to make Additional 2024 Term B Loans, in a single draw, on the Eighth Amendment Effective Date to the Term Loan Borrower, in an aggregate principal amount equal to such Additional 2024 Term Loan B Lender’s Additional 2024 Term Loan B Commitment.