Existing Revolving Loans. Prior to the Restatement Effective Date, revolving loans were previously made to the Borrower under the Existing Credit Agreement which remain outstanding as of the date of this Agreement (such outstanding revolving loans being hereinafter referred to as the “Existing Revolving Loans”). Subject to the terms and conditions set forth in this Agreement, the Borrower and each of the Lenders agree that on the Restatement Effective Date but subject to the satisfaction of the conditions precedent set forth in Sections 4.1 and 4.2 (as applicable), the Existing Revolving Loans shall be reevidenced as Revolving Loans under this Agreement and the terms of the Existing Revolving Loans shall be restated in their entirety and shall be evidenced by this Agreement.
Existing Revolving Loans. The Administrative Agent, the Lenders and the Borrower agree that, as of the Closing Date, the “Revolving Commitments” (as defined in the Existing Credit Agreement) of the Lenders immediately prior to the effectiveness of this Agreement are hereby reallocated among the Lenders such that the Revolving Commitment of each Lender as of the Closing Date shall be as set forth on Schedule I attached hereto. On the Closing Date, the Existing Revolving Loans shall be deemed continued under this Agreement, and each Lender shall hold its Pro Rata Share of the Existing Revolving Loans as Revolving Loans under this Agreement. To the extent any Existing Revolving Loan is a Eurodollar Loan, such Revolving Loan shall continue as a Eurodollar Loan subject to the Interest Period applicable thereto immediately prior to the Closing Date. In order to effect the foregoing reallocations, assignments of the Existing Revolving Loans shall be deemed to be made among the Lenders in such amounts as may be necessary, and with the same force and effect as if such assignments were evidenced by applicable Assignment and Acceptances (but without the payment of any related assignment fee), and no other documents or instruments shall be required to be executed in connection with such assignments (all of which such requirements are hereby waived for purposes of this Section by the parties to this Agreement), except that the parties hereto agree to execute such documents as may be reasonably requested by the Borrower (acting on the advice of its New York real property counsel) that are similar to documents customarily used to mitigate mortgage recording tax for New York mortgage refinancings, so long as such documents are reasonably satisfactory to the Administrative Agent and impose no incremental obligations on the Administrative Agent or any Lender. For the avoidance of doubt, the Existing Revolving Loans include the New York Real Property Secured Amount and have never been reduced below the New York Real Property Secured Amount.
Existing Revolving Loans. As of the Closing Date, immediately prior to the effectiveness of this Agreement, there are no Revolving Loans outstanding under (and as defined in) the Sixth Restated Credit Agreement. Credit Suisse AG $ 25,000,000 Xxxxxx Xxxxxxx Bank, N.A. $ 15,000,000 Bank of America, N.A. $ 15,000,000 Barclays Bank PLC $ 15,000,000 Xxxxx Fargo Bank, National Association $ 15,000,000 REGAL CINEMAS CORPORATION, as Borrower 0000 Xxxxx Xxxx Xxxxxxxxx, XX 00000 Attention: Xxx X. Xxxxx, CEO Facsimile: (000) 000-0000 Telephone: (000) 000-0000 with a copy to: Xxxxx Lovells US LLP Columbia Square 000 Xxxxxxxxxx Xxxxxx, XX Xxxxxxxxxx, XX 00000 Attention: Xxxxxx X. Xxxxxx, Esq. Facsimile: (000) 000-0000 Telephone: (000) 000-0000 with an additional copy to: Regal Cinemas, Inc. 0000 Xxxxx Xxxx Xxxxxxxxx, XX 00000 Attention: General Counsel Facsimile: (000) 000-0000 Telephone: (000) 000-0000 Credit Suisse AG, as Administrative Agent (for funding notices) and Issuing Bank 00 Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Attention: Agency Group Facsimile: (000) 000-0000 Telephone: (000) 000-0000 (no copy recipients) Credit Suisse AG, as Administrative Agent (for all purposes other than funding notices) 00 Xxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Attention: Xxxxxxx X’Xxxx Facsimile: (000) 000-0000 Telephone: (000) 000-0000 with a copy to: Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP 0 Xxxxx Xxxxxx Xxx Xxxx, XX 00000 Attention: Xxxxx X. Xxxxxx, Esq. Facsimile: (000) 000-0000 Telephone: (000) 000-0000 Xxxxxx Xxxxxxx Bank, N.A. c/x Xxxxxx Xxxxxxx Loan Servicing 0000 Xxxxxx Xxxxxx Xxxxx, 0xx xxxxx Xxxxxxxxx, XX 00000 Tel: (000) 000-0000 Fax: (000) 000-0000 xxxxxxxxxxxxxxx@xxxxxxxxxxxxx.xxx (no copy recipients) Bank of America, N.A. Address: 000 X. Xxxx Xx., Xxxxx 000 Xxxxxxxxx, XX 00000 Attention: Xxxx X. Xxxx Facsimile: (000) 000-0000 Telephone: (000) 000-0000 Bank of America, N.A. Address: 000 X. Xxxx Xx., Xxxxx 000 Xxxxxxxxx, XX 00000 Attention: Xxxxx Xxxxxxxx Facsimile: (000) 000-0000 Telephone: (000) 000-0000 Barclays Bank PLC Address: 000 0xx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxx Xxxxxx Facsimile: (000) 000-0000 Telephone: (000) 000-0000 xxxx.xxxxxx@xxxxxxxx.xxx xxxxx@xxxxxxxx.xxx (no copy recipients) Xxxxx Fargo Bank, NA 000 X. Xxxxxxx Xx. 00xx Xxxxx Mail Code: D1053-144 Xxxxxxxxx, XX 00000 Attention: Tray Xxxxx Facsimile: (000) 000-0000 Telephone: (000) 000-0000 Xxxxx Xxxxx Xxxx, XX 00 X. 0xx Xx. 0xx Xxxxx Mail Code: X0000-000 Xxxxxxxxxxx, XX 00000 Attention: Xxxxxx ...
Existing Revolving Loans. With respect to existing outstanding Revolving Loans as of the Effective Date and the increase in Total Commitments of the Lenders, on the Effective Date, Borrower shall borrow Revolving Loans from each Lender in accordance with its Commitment as of the Effective Date on a pro rata basis in an amount determined by reference to the amount of each Type of Loan (and, in the case of Eurodollar Loans, of each Eurodollar Tranche) which would then have been outstanding from such Lender if (x) each such Type or Eurodollar Tranche had been borrowed or effected on the Effective Date and (y) the aggregate amount of each such Type or Eurodollar Tranche requested to be so borrowed or effected had been proportionately increased, and shall accordingly repay on a pro rata basis outstanding Revolving Loans of each Lender with Commitments immediately prior to the Effective Date on a pro rata basis in an amount determined by reference to the amount of each Type of Loan (and, in the case of Eurodollar Loans, of each Eurodollar Tranche) which would then have been outstanding from such Lender if (x) each such Type or Eurodollar Tranche had been borrowed or effected on the Effective Date and (y) the aggregate amount of each such Type or Eurodollar Tranche requested to be so borrowed or effected had been proportionately decreased, and, if applicable in connection with such increased Commitments and repayment, Borrower shall pay all amounts due under Section 2.17. The Eurodollar Base Rate applicable to any Eurodollar Loan borrowed pursuant to the preceding sentence shall equal the rate then applicable to the Eurodollar Loans of the other Lenders in the same Eurodollar Tranche (or, until the expiration of the then-current Interest Period, such other rate as shall be agreed upon between Borrower and the relevant Lender).
Existing Revolving Loans. On the Effective Date, pursuant to Section 2.19(b) of the Credit Agreement, the Administrative Agent shall reallocate the Revolving Loans outstanding immediately prior to the Effective Date (the “Existing Revolving Loans”) such that each Lender with a Commitment assigns to the Additional Lender, and the Additional Lender purchases from each of the Lenders, at the principal amount thereof (together with accrued interest), such interests in the Existing Revolving Loans as shall be necessary in order that, after giving effect to all such assignments and purchases, such Existing Revolving Loans will be held by existing Lenders and the Additional Lender ratably in accordance with their Commitments after give effect to the Effective Date and the Requested Commitment Increase.
Existing Revolving Loans. For the avoidance of doubt, any Existing Revolving Loans denominated in Dollars that are outstanding immediately prior to the Fifth Restatement Effective Date shall continue to bear interest at a rate per annum equal to the “Eurocurrency Rate” (as defined in the Fourth Restated Credit Agreement) for the Interest Period for such Borrowing as in effect immediately prior to the Fifth Restatement Effective Date plus the Applicable Rate until the end of such Interest Period.
Existing Revolving Loans. Prior to the Closing Date, certain “Revolving Loans” were made to the Borrowers under (and as defined in) the Existing Credit Agreement which remain outstanding as of the date of this Agreement (such outstanding loans being hereinafter referred to as the “Existing Revolving Loans”). Subject to the terms and conditions set forth in this Agreement, the Borrowers and each of the Lenders agree that on the Closing Date but subject to the satisfaction of the conditions precedent set forth in Article IV and the reallocation and other transactions described in Section 1.3, the Existing Revolving Loans shall be reevidenced as Revolving Loans under this Agreement and the terms of the Existing Revolving Loans shall be restated in their entirety and shall be evidenced by this Agreement.
Existing Revolving Loans. Xxxxxxxx acknowledges and agrees that certain of the Original Lenders made revolving loans to Borrower from time to time under the Original Credit Agreement (the “Existing Revolving Loans”), and as of the Closing Date, immediately before giving effect to this Agreement, the outstanding principal balance of the Existing Revolving Loans is $22,000,000. Each of Xxxxxxxx, Administrative Agent and each Lender acknowledges and agrees that the Existing Revolving Loans (x) remain outstanding hereunder, (y) constitute “Revolving Credit Loans” for all purposes under this Agreement and the other Loan Documents and (z) as [BGSF] Amended and Restated Credit Agreement of the Closing Date, constitute a single Term SOFR Portion with an Interest Period of one month, the first day of which is the Closing Date.
Existing Revolving Loans. Company acknowledges and confirms that each Existing Revolving Lender holds Existing Revolving Loans prior to the Closing Date. Company hereby represents, warrants, agrees, covenants and (1) reaffirms that it is not aware of any defense, set off, claim or counterclaim against any Agent or Lender in regard to its Obligations in respect of such Existing Revolving Loans and (2) reaffirms its obligation to pay such Existing Revolving Loans in accordance with the terms and conditions of this Agreement and the other Credit Documents. Based on the foregoing, (A) Company and each Lender agree that, other than any Existing Revolving Loans to be repaid from the proceeds of the Revolving Loans on the Closing Date pursuant to the terms of this Agreement, any amounts owed (whether or not presently due and payable by Company to Existing Revolving Lenders or in respect of the Existing Revolving Loans, shall, as of the Closing Date, be converted to, maintained as, and owed by Company under or in respect of Revolving Loans hereunder. Amounts repaid or prepaid in respect of Existing Revolving Loans may be repaid and reborrowed pursuant to Section 2.2(b) below.
Existing Revolving Loans. 15 SECTION 2. A. Tranche 1 Letters of Credit .................................... 15
