Example ContractsClausesGroup Facilities Ratable Status
Group Facilities Ratable Status
Group Facilities Ratable Status contract clause examples

The Group Revolving Credit Facility Ratable Status and the Group Refinancing Loans Ratable Status are collectively referred to herein as the “Group Facilities Ratable Status”.

Group Facilities Ratable Status” has the meaning specified in Section 10.20(b[[Borrower:Organization]].

upon consummation of the transaction adding such VIE Borrower, the Group Facilities of the same Class may be re-allocated pursuant to the terms of [Section 10.20] 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 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.

Notwithstanding anything in any Group Loan Document to the contrary, and subject only to clause (e[[Borrower:Organization]] below, each Lender (in its capacity hereunder as a Lender and as a Group Lender under other Group Credit Agreements[[Borrower:Organization]] hereby authorizes and directs the Administrative Agent, in each case set forth in this Agreement and in any other cases where Group Facilities Ratable Status is not maintained, at any time and from time to time, without notice or consent, to cause the Group Lenders of the same Class to purchase assignments and sell assignments, as necessary, of holdings and commitments, and to purchase and sell participations in Group Letters of Credit, Group Swing Line Loans and other Group Obligations under this Agreement and the other Group Credit Agreements among each other, in such amounts and at such times as determined by the Administrative Agent in its reasonable discretion to maintain the Group Facilities Ratable Status.

. Notwithstanding anything herein or in any Loan Document to the contrary, a Variable Interest Entity of Nexstar Media may become a “VIE Borrower” hereunder in accordance with the terms of [Section 10.26] of the Nexstar Credit Agreement. Upon consummation of a transaction adding such VIE Borrower, the Group Facilities of the same Class may be reallocated pursuant to the terms of [Section 10.20] to maintain Group Facilities Ratable Status.

Group Second Amendment Effective Date Term A Loans Ratable Status” has the meaning specified in Section 10.20(b[[WXXA Borrower:Organization]]. “Group Second Amendment Effective Date Term B Loans Ratable Status” has the meaning specified in Section 10.20(b[[WXXA Borrower:Organization]].

For the purpose of the definitions of “Majority Lenders,” Required Revolving Credit Lenders,” “Required Term Lenders” and “Required Revolving Credit and Term A Lenders” and for the purpose of maintaining Group Facilities Ratable Status under [Section 10.20], # the term “Class” shall also include Group Lenders, Group Commitments, Group Loans and Group Borrowings under the other applicable Group Credit Agreements that are designated as “Constitutes Same Class With” on the Facilities Schedule (or the applicable numbered supplement thereto[[Borrower:Organization]] and # after the Second Amendment Effective Date, if any VIE Credit Agreement does not have any Class of Group Commitments or Group Loans designated on the Facilities Schedule hereto as “Constitutes Same Class With” any Commitments or Loans under this Agreement, such Group Commitments or Group Loans shall be excluded for each purpose set forth in this paragraph.

Each such purchase and sale under this [Section 10.20] will be effected pursuant to direct adjustments to entries in the Register and the other Group Registers without the execution of any Assignment and Assumption Agreement, and each Lender hereby authorizes and directs the Administrative Agent to make such adjustments for the sole purpose of effectuating the terms and provisions of this [Section 10.21] and maintaining the Group Facilities Ratable Status. The provisions of [Section 10.06] shall not apply.

Facilities. You will be provided with office space, facilities, secretarial support and other business services consistent with your position on a basis that is at least as favorable as that provided to similarly situated senior executives of the Company.

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