Examples of Restatement Effective Date Term Loans in a sentence
Notwithstanding anything to the contrary, each Participating Lender exchanging Existing Term Loans for Restatement Effective Date Term Loans hereby waives any break funding payments in respect of such Participating Lender’s Existing Term Loans.
The Borrower has further requested that on the Amendment No. 2 Effective Date, all Restatement Effective Date Term Loans be converted to New Term Loans or be prepaid from the proceeds of newly funded New Term Loans and/or cash on hand of the Borrower.
Hereby elects to have the outstanding amount of Term Loans of such Signing Lender repaid or purchased and agrees to purchase, on or prior to the date that is 30 days following the Restatement Effective Date, an equal amount of Restatement Effective Date Term Loans.
Upon execution and delivery hereof, the Administrative Agent will record the Restatement Effective Date Term Loans made by each Participating Lender and the Restatement Effective Date Revolving Commitments in the Register.
Except as set forth in this Agreement, the New Term Loans shall be one series with the, and increase the amount of, the Restatement Effective Date Term Loans outstanding under the Credit Agreement and otherwise be subject to the provisions of the Credit Agreement and the other Loan Documents.
Subject to the terms and conditions set forth herein, each Participating Lender hereby acknowledges and agrees that it has a Restatement Effective Date Term Commitment in the amount set forth on Schedule I to this Agreement and agrees to make Restatement Effective Date Term Loans, or exchange Existing Term Loans for Restatement Effective Date Term Loans, on the Restatement Effective Date in accordance with Section 2.01 of the Credit Agreement and this Agreement.
Any New Term Loans made on an Increased Amount Date shall be designated in the applicable Joinder Agreement either as a separate series, an increase to the Restatement Effective Date Term Loans or an increase to any prior series of New Term Loans (in each case a “Series”; for purposes of this Section 2.22, the Restatement Effective Date Term Loans and any increase thereof shall be deemed to be a Series) for all purposes of this Agreement.
Upon the satisfaction of the conditions set forth in Section 3 of Amendment No. 2, the parties thereto agreed to lend New Term Loans and/or convert their Restatement Effective Date Term Loans into New Term Loans, in each case, on the terms and subject to the conditions set forth therein and herein.
Hereby elects, upon the Restatement Effective Date, to exchange the outstanding amount of Term Loans of such Signing Lender (or such lesser amount as may be allocated by the Lead Arranger) for an equal outstanding amount of Restatement Effective Date Term Loans under the Credit Agreement.
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