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Extended Term
Extended Term contract clause examples

Extended Term Loans. (i) On the Amendment No. 4 Effective Date, in accordance with, and upon the terms and conditions set forth in, Amendment No. 4, # any Existing Term Loans of each Non-Extended Term Lender outstanding on such date shall continue hereunder and be reclassified as Non-Extended Term Loans on such date and # any Existing Term Loans of each Extended Term Lender outstanding on such date shall continue hereunder and be reclassified as an Extended Term Loans on such date.

Extended Term Loans” means any Existing Term Loans that, on the Amendment No. 4 Effective Date, an Existing Term Lender has elected to extend the maturity of and reclassify in accordance with Section 2.01(e).

commence on the Amendment No. 4 Effective Date; and # each Non-Extended Term Loan and Extended Term Loan shall be entitled to receive on the Amendment No. 4 Effective Date all accrued and unpaid interest with respect to the Existing Term Loan from which such Non-Extended Term Loan and Extended Term Loan, as applicable, was reclassified up to but excluding the Amendment No. 4 Effective Date. No costs shall be payable under Section 3.05 to Extended Term in connection with transactions consummated under this Section 2.01(e)(ii).

Non-Extended Term Loan” means any Existing Term Loans that, on the Amendment No. 4 Effective Date, an Existing Term Lender has not elected to extend the maturity of or reclassify in accordance with Section 2.01(e).

Notwithstanding anything to the contrary in this Agreement: # on the Amendment No. 4 Effective Date, # Non-Extended Term Loans and Extended Term Loans shall be deemed made as Eurocurrency Rate Loans in a principal amount equal to the principal amount of the Existing Term Loans reclassified as Non-Extended Term Loans and Extended Term Loans, as applicable, pursuant to Section 2.01(e)(i) that were outstanding as Eurocurrency Rate Loans at the time of reclassification, # the Non-Extended Term Loans and the Extended Term Loans described in [clause (x) above] shall be of the Types and have the Interest Periods (if applicable) as set forth in Committed Loan Notices delivered by the Borrower prior to the Amendment No. 4 Effective Date, with any such Interest Periods to

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