Existing Term Loans. All Existing Term Loans outstanding under the Existing Credit Agreement shall have been (i) repaid in full or (ii) converted into Term Loans hereunder (and in any event, all accrued interest thereon shall have been paid).
Existing Term Loans. The Term Loans (as defined in the Existing Credit Agreement).
Existing Term Loans. Prior to the Closing Date, the Existing Term Loans were made to the Borrowers pursuant to the Existing Loan Documents. As of the Closing Date (prior to giving effect to the funding of the loans on the Closing Date and the use of the proceeds thereof), the aggregate balance of the Existing Term Loans is $74,062,500.00. All term loan commitments under any of the Existing Loan Documents have expired prior to the Closing Date.
Existing Term Loans. Notwithstanding anything to the contrary contained herein or in any other Loan Document, the parties hereto acknowledge and agree that the LIBOR Rate Loans (as defined in the Existing Credit Agreement) that were outstanding immediately prior to the Second Amendment Effective Date (the “Existing LIBOR Rate Loans”) shall, after the Second Amendment Effective Date, continue as LIBOR Rate Loans (as defined in the Existing Credit Agreement) and interest thereon shall continue to be calculated in a manner consistent with the interest calculated thereon prior to the Second Amendment Effective Date until the end of the Interest Period currently in effect and applicable to such Existing LIBOR Rate Loans; provided, that prior to the end of the Interest Period currently in effect and applicable to such Existing LIBOR Rate Loans, the Borrower shall deliver to the Administrative Agent a Committed Term Loan Notice (as amended hereby) requesting a conversion of such Existing LIBOR Rate Loans to SOFR Loans or Base Rate Loans, and failing delivery of such timely Committed Term Loan Notice shall be deemed to have selected a conversion of such Existing LIBOR Rate Loans into Loans bearing interest at Adjusted Term SOFR with an Interest Period of one month. Any such Existing LIBOR Rate Loans shall continue to be governed by the relevant provisions of the Credit Agreement (as in effect immediately prior to the effectiveness of this Agreement) applicable to LIBOR Rate Loans until the earlier of (x) the repayment of such Loans or (y) the effective date of any conversion of such Loans pursuant to the conversion set forth in the immediately preceding sentence.
Existing Term Loans. In Borrowings occurring on the Closing Date, each Existing Term Loan Lender made Existing Term Loans to SFC in the aggregate original principal amount of $173,750,000, which remain outstanding as of the Restatement Effective Date in the aggregate principal amount of $168,211,259. Each of the parties hereto acknowledges and agrees that the Existing Term Loans shall continue to remain outstanding as Term Loans for all purposes under this Agreement and the other Loan Documents. No amounts paid or prepaid with respect to Term Loans may be reborrowed.
Existing Term Loans. On the Third Amendment Refinancing Effective Date, each Existing Term Lender made Existing Term Loans to the Borrower. The outstanding principal amount of the Existing Term Loans on the Third Amendment Refinancing Effective Date is $215,000,000. Existing Term Loans repaid or prepaid in whole or in part may not be reborrowed.
Existing Term Loans. Prior to the Fourth Restatement Closing Date, each Existing Term Lender made Existing Term Loans to the Borrower. The outstanding principal amount of the Existing Term Loans on the Fourth Restatement Closing Date is $240,000,000. Existing Term Loans repaid or prepaid in whole or in part may not be reborrowed.
Existing Term Loans. Subject to the terms and conditions set forth herein and in the Amended Credit Agreement, as of the 2016 Restatement Date, each Extending Initial Term Lender agrees that its Existing Term Loan will be modified to become an Extended Initial Term Loan of like outstanding principal amount and in the same currency. The Existing Term Loans of each Declining Initial Term Lender shall remain outstanding as Non-Extended Initial Term Loans. The Interest Periods and Adjusted Eurodollar Rates or HIBOR Rates, as applicable, in effect for the Existing Term Loans immediately prior to the 2016 Restatement Date shall remain in effect for the Non-Extended Initial Term Loans and the Extended Initial Term Loans resulting from the effectiveness of this Amendment on the 2016 Restatement Date, notwithstanding any contrary provision of Section 2.2 of the 2014 Credit Agreement or the Amended Credit Agreement.
Existing Term Loans. The Borrower is presently indebted to the Bank under a certain promissory note dated May 28, 1992 in the original principal sum of $2,000,000.00 (the "Existing Term Notes"). It is hereby understood and agreed that the Existing Term Notes shall be and are subject to the terms and conditions of this Agreement.
Existing Term Loans. Xxxxxxxx acknowledges and agrees that certain of the Original Lenders made term loans to Borrower from time to time under the Original Credit Agreement (the “Existing Term Loans”), and, as of the Closing Date, immediately before giving effect to this Agreement, the outstanding principal balance of the Existing Term Loans is $34,000,000. Each of Xxxxxxxx, Administrative Agent and each Lender acknowledges and agrees that the Existing Term Loans (x) remain outstanding hereunder, (y) constitute “Term Loans” for all purposes under this Agreement and the other Loan Documents and (z) as 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.
