Example ContractsClausesgroup facilities ratable statusVariants
Group Facilities Ratable Status
Group Facilities Ratable Status contract clause examples

Upon completion of a Permitted Debt Exchange, the Group Revolving Credit Commitments and/or the Group Second Amendment Effective Date Term Loans that are Term B Loans may be re-allocated among the Group Lenders of the same Class to maintain Group Facilities Ratable Status.

Upon completion of a Permitted Debt Exchange, the Group Revolving Credit Commitments and/or the Group Second Amendment Effective Date Loans that are Term B Loans may be reallocated among the Group Lenders of the same Class to maintain Group Facilities Ratable Status.

Upon completion of a Permitted Debt Exchange, the Group Revolving Credit Commitments may be re-allocated among the Group Lenders of the same Class to maintain Group Facilities Ratable Status.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.