Examples of Refinancing Revolving Loans in a sentence
Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement will be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Refinancing Loans incurred pursuant thereto (including any amendments necessary to treat the Term Loans or Revolving Loans subject thereto as Refinancing Term Loans or Refinancing Revolving Loans, respectively).
Each Tranche of Credit Agreement Refinancing Indebtedness Incurred under this Section 4.19 shall be in an aggregate principal amount that is (x) not less than $100,000,000 in the case of Refinancing Term Loans or $50,000,000 in the case of Refinancing Revolving Loans and (y) an integral multiple of $50,000,000 in excess thereof in the case of Refinancing Term Loans or $25,000,000 in excess thereof in the case of Refinancing Revolving Loans.
Pursuant to Section 2.25 of the Credit Agreement, the Specified Refinancing Revolving Commitments and related Specified Refinancing Revolving Loans shall have the terms set forth in this Amendment and in the Amended Credit Agreement.
Each Continuing Revolving Lender hereby agrees to execute such other documentation as may be required to evidence such Continuing Revolving Lender’s commitment to make such Specified Refinancing Revolving Loans.
The proceeds of the Specified Refinancing Revolving Loans will be used for general corporate purposes of the Borrower, including, on the Amendment No. 3 Effective Date, to repay all Revolving Loans outstanding immediately prior to the Amendment No. 3 Effective Date.