Common use of Exchange of Term Loans Clause in Contracts

Exchange of Term Loans. On the Effective Date and subject to the satisfaction of the conditions precedent set forth in Section 6.1 and Section 6.2 hereof, pursuant to the terms of the Prepackaged Plan and Confirmation Order, each Term Lender shall be deemed to have exchanged on a dollar-for-dollar basis, pro rata among all Term Lenders, Existing Term Loans and Existing Revolver/Term Loans into the Term Loan to be made by such Term Loan Lender hereunder. The Borrower may not reborrow any portion of the Term Loans once repaid or prepaid.

Exchange of Term Loans. On the Effective Date and subject to the satisfaction of the conditions precedent set forth in Section 6.1 and Section 6.2 hereof, pursuant to the terms of the Prepackaged Plan and Confirmation Order, each Term Lender shall be deemed to have exchanged on a dollar-for-dollar basis, pro rata among all Term Lenders, Existing Term Loans and Existing Revolver/Term Loans into the Term Loan Loans to be made by such Term Loan each Lender hereunder. The Borrower may not reborrow any portion of the Term Loans once repaid or prepaid.