Refinancing Commitments definition
Examples of Refinancing Commitments in a sentence
Commitments in respect of Refinancing Loans and Refinancing Commitments shall become additional Commitments pursuant to an amendment (a “Refinancing Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Refinancing Lender providing such Commitments, the Administrative Agent.
Each Refinancing Loan Request from the Borrower pursuant to this Section 2.24 shall set forth the requested amount and proposed terms of the relevant Refinancing Loans or Refinancing Commitments.
The Borrower will use the proceeds of the Refinancing Loans and Refinancing Commitments to (x) retire the applicable Refinanced Debt and to pay accrued interest, fees, premiums (if any) and penalties thereon and fees, expenses, OID and upfront fees associated with the refinancing and (y) with respect to any additional amount of Indebtedness permitted by Section 2.24(e)(i)(F) above, for any purpose not prohibited by this Agreement.
Any Refinancing Loans or Refinancing Commitments made on a Refinancing Facility Closing Date shall, unless constituting an increase in a previously established Class, be designated a separate Class of Refinancing Loans or Refinancing Commitments, as applicable, for all purposes of this Agreement.