Second Amendment Effective Date Term Loans definition

Second Amendment Effective Date Term Loans means the Term Facilities made on the Second Amendment Effective Date, which are so designated on the Second Amendment Effective Date Facilities Schedule.

Second Amendment Effective Date Term Loans shall be those conditions set forth in Section 2 of this Amendment, (B) the Term Loans (as defined in the Credit Agreement) outstanding on the Second Amendment Effective Date shall be converted to and reallocated as Second Amendment Effective Date Term Loans in accordance with the Term Loan Commitments set forth on Schedule 2.1 attached to this Amendment (and the Lenders agree to make all payments and adjustments necessary to effect such reallocation) and (C) to the extent any Lender’s Term Loan (as defined in the Credit Agreement) equals or exceeds such Lender’s Term Loan Commitment set forth on Schedule 2.1 attached to this Amendment, no additional amount will be required to be funded by such Lender on the Second Amendment Effective Date under Section 1(l)(i) above.

Examples of Second Amendment Effective Date Term Loans in a sentence

• Use commercially reasonable efforts to maintain (a) a public corporate credit rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’x, in each case, in respect of the Nexstar Borrower and (b) a public rating (but not any specific rating) in respect of Second Amendment Effective Date Term Loans constituting Term B Loans or Third Amendment Effective Date Term Loans constituting Term B Loans from each of S&P and Xxxxx’x.

• The Term B-3 Loan Commitment of each Lender shall be automatically and permanently reduced to $0 upon the funding of Second Amendment Effective Date Term Loans made by it on the Second Amendment Effective Date.

• The proceeds of the Second Amendment Effective Date Term Loans may be used for ongoing working capital requirements and other general corporate purposes and to pay fees and expenses in connection with the Transactions.

• Administrative Agent shall have received a duly executed letter of direction from Borrower addressed to Administrative Agent, on behalf of itself and Lenders, directing the disbursement on the Second Amendment Effective Date of the proceeds of the Second Amendment Effective Date Term Loans.

• Use commercially reasonable efforts to maintain a public rating (but not any specific rating) in respect of Second Amendment Effective Date Term Loans from each of S&P and Xxxxx’x.

• Use commercially reasonable efforts to maintain (a) a public corporate credit rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Mxxxx’x, in each case, in respect of the Nexstar Borrower and (b) a public rating (but not any specific rating) in respect of Second Amendment Effective Date Term Loans constituting Term B Loans from each of S&P and Mxxxx’x.

• LOANS 50 2.1. Second Amendment Effective Date Term Loans 50 2.2. [Reserved.] 51 2.3. Use of Proceeds 51 2.4. Evidence of Debt; Register; Lenders’ Books and Records; Notes 51 2.5. Interest on Loans 52 2.6. Conversion/Continuation 53 2.7. Default Interest 54 2.8. Fees; Call Premium 54 2.9. Scheduled Payments 55 2.10.

• From and after the Second Amendment Effective Date, Term Loans may be continued or converted to Base Rate Loans or Term SOFR Loans, as further provided herein.

• Fourth Amendment Effective Date Facilities Schedule Page 6 of 14 Pages Designations Second Amendment Effective Date Term Loans Term A Loans/Term B Loans Term A Loans Applicable Rate Until the delivery to the Administrative Agent, pursuant to Section 6.01(a) or 6.01(b), of Nexstar Media's consolidated financial information for the first full fiscal quarter ending after the Closing Date, the “Applicable Rate” shall be determined by reference to Level 3 on the grid below.