Common use of Bridge Loans Clause in Contracts

Bridge Loans. For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.

Appears in 5 contracts

Samples: Credit Agreement (Robinhood Markets, Inc.), Credit Agreement (Robinhood Markets, Inc.), Credit Agreement (Robinhood Markets, Inc.)

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Bridge Loans. For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would either automatically either be extended as, converted into or required to be exchanged for, for permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.

Appears in 2 contracts

Samples: Abl Credit Agreement (Rent a Center Inc De), Term Loan Credit Agreement (Rent a Center Inc De)

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