Existing Term Loans. Borrower acknowledges and agrees that certain of the Original Lenders made term loans to Borrower from time to time under the Original Credit Agreement (the “Existing Term Loans”), and, as of the Closing Date, immediately before giving effect to this Agreement, the outstanding principal balance of the Existing Term Loans is . Each of Borrower, Administrative Agent and each Lender acknowledges and agrees that the Existing Term Loans # remain outstanding hereunder, # constitute “Term Loans” for all purposes under this Agreement and the other Loan Documents and # as of the Closing Date, constitute a single Term SOFR Portion with an Interest Period of one month, the first day of which is the Closing Date.
Existing Eurocurrency Loans. Notwithstanding anything to the contrary in the Credit Agreement or this Amendment, any Loan denominated in Dollars and bearing interest by reference to the LIBO Rate (as defined in the Credit Agreement prior to giving effect to this Amendment) outstanding as of the Amendment Effective Date shall continue to bear interest at the LIBO Rate until the end of the applicable Interest Period for such Loan as in effect on the Amendment Effective Date and the LIBOR-related provisions of the Credit Agreement (prior to giving effect to this Amendment) applicable thereto shall continue and remain in effect (notwithstanding the election of the Administrative Agent and the Borrower to establish an alternate rate of interest to the LIBO Rate and the occurrence of the Amendment Effective Date) until the end of the applicable Interest Period for such Loans as in effect on the Amendment Effective Date, after which such provisions shall have no further force or effect and such Loans bearing interest by reference to the LIBO Rate shall, unless otherwise repaid or prepaid, be converted to Term SOFR Loans or ABR Loans in accordance with [Section 2.07] of the Credit Agreement (after giving effect to this Amendment).
Existing Revolving Loans. Borrower acknowledges and agrees that certain of the Original Lenders made revolving loans to Borrower from time to time under the Original Credit Agreement (the “Existing Revolving Loans”), and as of the Closing Date, immediately before giving effect to this Agreement, the outstanding principal balance of the Existing Revolving Loans is . Each of Borrower, Administrative Agent and each Lender acknowledges and agrees that the Existing Revolving Loans # remain outstanding hereunder, # constitute “Revolving Credit Loans” for all purposes under this Agreement and the other Loan Documents and # as
Term Loans. shall repay to the Term Lenders the aggregate principal amount of all Term Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in [Section 2.05]):
Term Loans. (i) On the last Business Day of each fiscal quarter of the Borrowers, commencing with the fiscal quarter ending on MarchDecember 31, 2024, the Borrowers shall pay to the Administrative Agent, for the account of the Tranche B-23 Term Loan , a principal amount of the Tranche B-23 Term Loans (as adjusted from time to time pursuant to [[Sections 2.05 and 2.06(b)])]])]) equal to 100% per annum of the aggregate principal amount of the Tranche B-223 Term Loans as of the Amendment No. 89 Funding Date. To the extent not previously paid, prepaid, refinanced, substituted or replaced, all Tranche B-23 Term Loans shall be due and payable on the Tranche B-23 Term Loan Maturity Date, together with accrued and unpaid interest and fees on the principal amount to be paid up to but excluding the date of payment;
Term Loans. Upon the satisfaction of the applicable conditions precedent set forth in [Article V] and [Section 2.23], each Lender with an Incremental Term Loan Commitment severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make an Incremental Term Loan in Dollars to on the effective date of any applicable Commitment Increase pursuant to [Section 2.23] hereof, in an amount equal to such Lenders Incremental Term Loan Commitment; provided, that at no time shall the Facility Obligations Amount exceed the Collateral Value Amount. Each such Lender shall make the amount of such Lenders Incremental Term Loan available to the Administrative Agent in New York, New York at its address specified in [Article XIV] in funds immediately available, as specified in any amendment contemplated by [Section 2.23(D)(iv)]. After the Administrative Agents receipt of the proceeds of such Incremental Term Loans from the applicable Lenders, the Administrative Agent shall make the proceeds of such Incremental Term Loans available to on the date on which any Incremental Term Loans are made by transferring immediately available funds equal to the proceeds of such Incremental Term Loans received by the Administrative Agent as shall instruct in writing. Additional terms (if any) applicable to any Incremental Term Loans shall be established in accordance with the terms of [Section 2.23] pursuant to an amendment to this Agreement as contemplated by [Section 2.23(D)(iv)].
Term Loans. The parties acknowledge that on the First Amendment Effective Date, the Term Lenders made an Incremental Term Loan to the Company in Dollars in the amount of which constitutes a Term Loan hereunder. No amount of the Term Loan which is repaid or prepaid by the Company may be reborrowed hereunder.
Term Loans Request. The Borrower shall request the to make the Term Loans by delivering to the Administrative Agent, not later than , # three (3) Business Days prior to the proposed Borrowing Date with respect to LIBOR Rate Loans; and # one (1) Business Day prior to the proposed Borrowing Date with respect to Base Rate Loans (or, in each case, such shorter period as may be agreed to by the Administrative Agent in consultation with the ), a duly completed request therefor substantially in the form of [Exhibit C]. The Loan Request shall be irrevocable and shall specify the Interest Period. The Borrowing shall be in an aggregate amount equal to the aggregate Term Loan Commitments.
Initial Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders holding Initial Term Loans outstanding in consecutive quarterly scheduled installments on each March 31, June 30, September 30 and December 31 (commencing on ) as set forth below (which scheduled installments shall, to the extent applicable, be reduced as a result of the application of pre-payments in accordance with the order of priority set forth in [Sections 2.05 and 2.06]6], or be increased as a result of any increase in the amount of Initial Term Loans pursuant to [Section 2.14] (such increased scheduled installment to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loans made or deemed to be made as of the Closing Date):
New Term Loans. The principal amount of New Term Loans of each Term Lender shall be repaid as provided in the amendment to this Agreement in respect of such New Term Loans as contemplated by [Section 2.14], subject to the requirements of [Section 2.14] (which installments shall, to the extent applicable, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in [Sections 2.05 and 2.06]6], or be increased as a result of any increase in the amount of New Term Loans pursuant to [Section 2.14] (such increased scheduled installments to be calculated in the same manner (and on the same basis) as the schedule set forth in the amendment to this Agreement in respect of such New Term Loans as contemplated by [Section 2.14] for the initial incurrence of such New Term Loans)). To the extent not previously paid, each New Term Loan shall be due and payable on the Maturity Date applicable to such New Term Loans.
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