Common use of Adjustment of Amortization Schedule Clause in Contracts

Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within six months of the Test Date or (y) any amounts under the Holding Company Convertible Debentures in excess of an amount equal to 10% of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date shall remain outstanding on the date that is 90 days prior to the maturity thereof, then each Revolving Maturity Date, each Term Loan Maturity Date and each Incremental Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15. (ii) Prepayments of Term Loans or Incremental Loans shall be applied in the order specified in Section 2.09(a) or Section 2.09(b)(iii), as applicable. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date for such Term Loans. To the extent not previously paid, all Incremental Loans of any Series shall be due and payable on the Incremental Loan Maturity Date for such Series.

Appears in 3 contracts

Samples: Credit Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc)

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Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within six months 91 days of the Test Date or Date, (y) any amounts under the Holding Company Convertible Debentures an amount in excess of an amount equal to 10% $100,000,000 of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date such Other Debt shall remain outstanding on and (z) the date that First Lien Indebtedness Ratio is 90 days prior in excess of 2.50 to the maturity thereof1.00, then each Revolving Maturity Date, each Term Loan Maturity Date and each Incremental Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15. (ii) Prepayments of Term Loans or Incremental Loans shall be applied in the order specified in Section 2.09(a) or Section 2.09(b)(iii), as applicable. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date for such Term Loans. To the extent not previously paid, all Incremental Loans of any Series shall be due and payable on the Incremental Loan Maturity Date for such Series.

Appears in 3 contracts

Samples: Credit Agreement (Sinclair Broadcast Group Inc), Incremental Loan Amendment (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc)

Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within six months 91 days of the Test Date or Date, (y) any amounts under the Holding Company Convertible Debentures an amount in excess of an amount equal to 10% $100,000,000200,000,000 of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date such Other Debt shall remain outstanding on and (z) the date that First Lien Indebtedness Ratio is 90 days prior in excess of 2.50 to the maturity thereof1.00, then each Revolving Maturity Date, each Term Loan Maturity Date and each Incremental Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15. (ii) Prepayments of Term Loans or Incremental Loans shall be applied in the order specified in Section 2.09(a) or Section 2.09(b)(iii), as applicable. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date for such Term Loans. To the extent not previously paid, all Incremental Loans of any Series shall be due and payable on the Incremental Loan Maturity Date for such Series.

Appears in 2 contracts

Samples: Credit Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc)

Adjustment of Amortization Schedule. (ih) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within six months 91 days of the Test Date or Date, (y) any amounts under the Holding Company Convertible Debentures an amount in excess of an amount equal to 10% $100,000,000 of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date such Other Debt shall remain outstanding on and (z) the date that First Lien Indebtedness Ratio is 90 days prior in excess of 2.50 to the maturity thereof1.00, then each Revolving Maturity Date, each Term Loan Maturity Date and each Incremental Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15. (iii) Prepayments of Term Loans or Incremental Loans shall be applied in the order specified in Section 2.09(a) or Section 2.09(b)(iii), as applicable. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date for such Term Loans. To the extent not previously paid, all Incremental Loans of any Series shall be due and payable on the Incremental Loan Maturity Date for such Series.

Appears in 1 contract

Samples: Incremental Loan Amendment (Sinclair Broadcast Group Inc)

Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within six months 91 days of the Test Date or Date, (y) any amounts under the Holding Company Convertible Debentures an amount in excess of an amount equal to 10% $200,000,000 of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date such Other Debt shall remain outstanding on and (z) the date that First Lien Indebtedness Ratio is 90 days prior in excess of 2.50 to the maturity thereof1.00, then each Revolving Maturity Date, each Term Loan Maturity Date and each Incremental Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15. (ii) Prepayments of Term Loans or Incremental Loans shall be applied in the order specified in Section 2.09(a) or Section 2.09(b)(iii), as applicable. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date for such Term Loans. To the extent not previously paid, all Incremental Loans of any Series shall be due and payable on the Incremental Loan Maturity Date for such Series.

Appears in 1 contract

Samples: Incremental Loan Amendment (Sinclair Broadcast Group Inc)

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Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt Indebtedness evidenced or provided by the Existing Senior Subordinated Note Indentures, Additional Senior Subordinated Notes, Converted Senior Subordinated Notes, Existing HYTOPs or New HYTOPs Senior Debentures shall fall within six months of the Test Date or (y) any amounts under the Holding Company Convertible Debentures in excess of an amount equal to 10% of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date shall remain outstanding on the date that is 90 days prior to the maturity thereofDate, then each the Revolving Maturity Date, each the Term Loan Maturity Date, each Incremental Revolving Maturity Date and each Incremental Term Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15. (ii) Prepayments Any prepayment of a Term Loans Loan or an Incremental Loans Term Loan shall be applied to reduce the remaining scheduled installments thereof in the inverse order specified in Section 2.09(a) or Section 2.09(b)(iii), as applicableof maturity. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date for such Term LoansDate. To the extent not previously paid, all Incremental Term Loans of any Series shall be due and payable on the Incremental Term Loan Maturity Date for such Series.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within six months of the Test Date or (y) any amounts under the Holding Company Convertible Debentures in excess of an amount equal to 10% of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date shall remain outstanding on the date that is 90 days prior to the maturity thereofDate, then each Revolving Maturity Date, each Term Loan Maturity Date and each Incremental Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15. (ii) Prepayments of Term Loans or Incremental Loans shall be applied in the order specified in Section 2.09(a) or Section 2.09(b)(iii), as applicable. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date for such Term Loans. To the extent not previously paid, all Incremental Loans of any Series shall be due and payable on the Incremental Loan Maturity Date for such Series.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

Adjustment of Amortization Schedule. (i) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within six months 91 days of the Test Date or Date, (y) any amounts under the Holding Company Convertible Debentures an amount in excess of an amount equal to 10% $100,000,000 of the outstanding principal amount of the Holding Company Convertible Debentures as of the First Amendment Effective Date such Other Debt shall remain outstanding on and (z) the date that First Lien Indebtedness Ratio is 90 days prior in excess of 2.50 to the maturity thereof1.00, then each Revolving Maturity Date, each Term Loan Maturity Date and each Incremental Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.13, 2.14 and 2.15. (iii) Prepayments of Term Loans or Incremental Loans shall be applied in the order specified in Section 2.09(a) or Section 2.09(b)(iii), as applicable. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date for such Term Loans. To the extent not previously paid, all Incremental Loans of any Series shall be due and payable on the Incremental Loan Maturity Date for such Series.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

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