Replacement Term Loans. In addition, notwithstanding the foregoing, this Agreement may be amended with the written consent of the Administrative Agent, Borrower and the Lenders providing all or any portion of a Replacement Term Loan Facility to permit the refinancing of all outstanding Term Loans, all outstanding Incremental Term Loans under any Incremental Term Loan Facility, or all outstanding Replacement Term Loans under any Replacement Term Loan Facility (such existing Loans to be refinanced, the “Refinanced Term Loans”) with a replacement term loan tranche hereunder to Borrower (any such replacement term loan tranche, a “Replacement Term Loan Facility” and the loans under any Replacement Term Loan Facility, “Replacement Term Loans”); provided, that, (i) the aggregate principal amount of any such Replacement Term Loan Facility shall not exceed the aggregate principal amount of the Refinanced Term Loans to be refinanced with such Replacement Term Loan Facility; (ii) the maturity date for any such Replacement Term Loan Facility shall not be earlier than the maturity date of the Refinanced Term Loans to be refinanced with such Replacement Term Loan Facility; (iii) the weighted average life to maturity of any such Replacement Term Loans shall not be shorter than the weighted average life to maturity of the Refinanced Term Loans to be refinanced by such Replacement Term Loans (calculated at the time of such refinancing); (iv) simultaneously upon the borrowing of any such Replacement Term Loans, the outstanding principal amount of the Refinanced Term Loans to be refinanced with such Replacement Term Loans shall be automatically and permanently reduced in an aggregate amount equal to the principal amount of such Replacement Term Loans; (v) no Subsidiary shall be a guarantor with respect to any such Replacement Term Loan Facility unless such Subsidiary is a Loan Party; and (vi) all other terms (other than interest rate and fees) applicable to any such Replacement Term Loan Facility shall be substantially identical to, or less favorable to the Lenders providing Replacement Term Loans under such Replacement Term Loan Facility than, those applicable to the Refinanced Term Loans being refinanced by such Replacement Term Loan Facility, except to the extent necessary to provide for covenants and other terms applicable to any period after the Final Maturity Date in effect immediately prior to such refinancing. In connection with the establishment of any Replacement Term Loan Facility, each ...
Replacement Term Loans. Notwithstanding anything in this Agreement or any other Credit Document to the contrary, this Agreement may be amended with the written consent of the Administrative Agent, the Borrower and the Lenders providing the relevant Replacement Term Loans (as defined below) to permit the refinancing, replacement or modification of all outstanding Term Loans of any Class (the “Replaced Term Loans”) with one or more replacement term loan tranches hereunder (the “Replacement Term Loans”), provided that the aggregate principal amount of such Replacement Term Loans shall not exceed the aggregate principal amount of such Replaced Term Loans, (b) the applicable margins for such Replacement Term Loans shall not be higher than the applicable margins for such Replaced Term Loans and (c) the weighted average life to maturity of such Replacement Term Loans shall not be shorter than the weighted average life to maturity of such Replaced Term Loans at the time of such refinancing.
Replacement Term Loans. Pursuant to Section 10.01 of the Credit Agreement, on the Amendment No. 1 Effective Date, the Additional Initial B-1 Euro Term Lender and the Continuing Euro Term Lenders will make an Initial B-1 Euro Term Loan to the Borrower as described in Section 2.01 of the Credit Agreement (as amended by this Amendment), with such Initial B-1 Euro Term Loan having terms identical to the Initial Euro Term Loans except as set forth in this Amendment. The Borrower shall apply the proceeds of the Initial B-1 Euro Term Loans to prepay in full all Initial Euro Term Loans. Pursuant to Section 10.01 of the Credit Agreement, on the Amendment No. 1 Effective Date, the Additional Initial B-1 Dollar Term Lender and the Continuing Dollar Term Lenders will make an Initial B-1 Dollar Term Loan to the Borrower as described in Section 2.01 of the Credit Agreement (as amended by this Amendment), with such Initial B-1 Dollar Term Loan having terms identical to the Initial Dollar Term Loans except as set forth in this Amendment. The Borrower shall apply the proceeds of the Initial B-1 Dollar Term Loans to prepay in full all Initial Dollar Term Loans.
Replacement Term Loans. (a) Subject to the terms and conditions set forth herein, the Dollar Replacement Term Lender agrees to make a Dollar Replacement Term Loan to the U.S. Borrower on the Fourth Amendment Effective Date in a principal amount not to exceed its Dollar Replacement Term Loan Commitment. Subject to the terms and conditions set forth herein, the Euro Replacement Term Lender agrees to make a Euro Replacement Term Loan to the Euro Borrower on the Fourth Amendment Effective Date in a principal amount not to exceed its Euro Replacement Term Loan Commitment. Unless previously terminated, each of the Dollar Replacement Term Loan Commitments and the Euro Replacement Term Loan Commitments shall terminate at 5:00 p.m., New York City time, on the Fourth Amendment Effective Date.
Replacement Term Loans. (i) As of the Second Amendment Effective Date, the Replacement Term Loans shall be “Term Loans” and “Replacement Term Loans” under, and for all purposes of, the Amended Credit Agreement and the other Loan Documents. The Replacement Term Loans shall have the same terms as the Existing Term Loans outstanding immediately prior to the Second Amendment Effective Date, other than to the extent expressly provided otherwise in this Second Amendment. Without limiting the foregoing, the Replacement Term Loans (A) shall rank on a pari passu basis in right of payment and security with the Obligations in respect of the Revolving Credit Commitments and (B) shall have the same maturity date as the Existing Term Loans outstanding immediately prior to the Second Amendment Effective Date.
Replacement Term Loans. (a) Subject to and upon the terms and conditions set forth herein, each Replacement Term Lender severally agrees to make, on the Amendment No. 2 Closing Date, a Replacement Term Loan in Dollars to the Borrower in an amount equal to the commitment amount set forth next to such Replacement Term Lender’s name in Schedule 2 hereto under the caption “Replacement Term Commitment” (or, in the case of a Converting Replacement Term Lender (as defined below), convert, exchange or roll its Replaced Term Loan for a corresponding Replacement Term Loan in an equal principal amount) on the Amendment No. 2
Replacement Term Loans. (i) As of the First Amendment Closing Date, the Replacement Term Loans shall be “Senior Lien Term Loans” and “Replacement Term Loans” under, and for all purposes of, the Credit Agreement and the other Loan Documents. The Replacement Term Loans shall be deemed to have been incurred under a “Replacement Facility” under, and for all purposes of the Credit Agreement and the other Loan Documents. The Replacement Term Loans shall have the same terms as the Existing Senior Lien Term Loans outstanding immediately prior to the First Amendment Closing Date, other than to the extent expressly provided in this Agreement. Without limiting the foregoing, the Replacement Term Loans shall have the same maturity date as the Existing Senior Lien Term Loans outstanding immediately prior to the First Amendment Closing Date. Upon the First Amendment Closing Date, the Replacement Term Loans shall be treated as part of the same Class for all purposes of the Credit Agreement and the other Loan Documents.
Replacement Term Loans. (a) Subject to the terms and conditions set forth herein and pursuant to Section 13.1 of the Credit Agreement, (i) each Exchanging Term Lender (by executing a Lender Consent) irrevocably (A) agrees to the terms of this Agreement and the Amended Credit Agreement and (B) agrees to exchange (as set forth on its Lender Consent) the Allocated Amount of its Existing Initial Term Loans with the First Amendment Replacement Term Loans in an equal principal amount, and upon the Amendment Effective Date, shall exchange (as set forth on its Lender Consent) the outstanding aggregate amount of its Existing Initial Term Loans with the First Amendment Replacement Term Loans in an equal principal amount and (ii) each Additional Term Lender irrevocably (A) agrees to the terms of this Agreement and the Amended Credit Agreement and (B) commits to make Additional Term Loans in the amount notified to such Additional Term Lender by the Administrative Agent (but in no event greater than the amount such Additional Term Lender committed to make as Additional Term Loans), and upon the Amendment Effective Date, shall refinance and
Replacement Term Loans. Section 2.01 of the Credit Agreement is further amended by adding a new subsection (d) to of such Section immediately following subsection (c) thereof, as follows:
Replacement Term Loans. The terms of the Amendment No. 2 Dollar Term Loans and the Amendment No. 2 Euro Term Loans established pursuant to this Amendment No. 2 shall be identical to the terms of the Extended Dollar Term Loans and the Extended Euro Term Loans, respectively, outstanding immediately prior to the effectiveness of this Amendment No. 2, subject to the following additional or modified terms or as otherwise provided herein:
