Common use of Extensions of Term Loans and Revolving Credit Commitments Clause in Contracts

Extensions of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Parent Borrower to all Lenders of a Class of Term Loans or a Class of Revolving Credit Commitments, in each case on a pro rata basis and on the same terms to each such Lender, the Parent Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of any Class of Term Loans and/or Class of Revolving Credit Commitments and otherwise modify the terms of such Term Loans and/or such Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing the interest rate or fees payable in respect of such Term Loans and/or such Revolving Credit Commitments (and related outstandings), modifying the amortization schedule in respect of such Lender’s Term Loans and/or, in the case of a Revolving Credit Commitment, converting outstanding Revolving Credit Loans (and the related Revolving Credit Commitments) into Revolving Credit Loans that may not be reborrowed upon prepayment (“

Appears in 2 contracts

Samples: Credit Agreement (Clear Channel Communications Inc), Credit Agreement (Clear Channel Communications Inc)

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Extensions of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one (1) or more offers (each, an “Extension Offer”) made from time to time by the Parent Borrower Borrowers to all Term Lenders of a any Class of Term Loans or a any Class of Revolving Credit Commitments, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loans or Revolving Credit Commitments of the applicable Class) and on the same terms to each such Lender, the Parent Borrower is Borrowers are hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of any Class of each such Lender’s Term Loans and/or Class of Revolving Credit Commitments of the applicable Class and otherwise modify the terms of such Term Loans and/or such Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing changing the interest rate or fees payable in respect of such Term Loans and/or such Revolving Credit Commitments (and related outstandings), ) and/or modifying the amortization schedule in respect of such Lender’s Term Loans) (each, an “Extension”) and each group of Term Loans and/or, in the case of a Revolving Credit Commitment, converting outstanding Revolving Credit Loans (and the related or Revolving Credit Commitments) into Revolving Credit , as applicable, in each case as so extended, as well as the original Term Loans that may not be reborrowed upon prepayment (“and

Appears in 2 contracts

Samples: Credit Agreement (Ichor Holdings, Ltd.), Credit Agreement (Ichor Holdings, Ltd.)

Extensions of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Parent Borrower to all Lenders of a any Class of Term Loans or a any Class of Revolving Credit Commitments, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loans or Revolving Credit Commitments of the applicable Class) and on the same terms to each such Lender, the Parent Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of any Class of each such Lender’s Term Loans and/or Class of Revolving Credit Commitments of the applicable Class and otherwise modify the terms of such Term Loans and/or such Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing the interest rate or fees payable in respect of such Term Loans and/or such Revolving Credit Commitments (and related outstandings), modifying the amortization schedule in respect of such Lender’s Term Loans and/or, and/or modifying any prepayment premium or call protection in the case respect of a Revolving Credit Commitment, converting outstanding Revolving Credit Loans (and the related Revolving Credit Commitments) into Revolving Credit Loans that may not be reborrowed upon prepayment (“such Lender’s Term

Appears in 1 contract

Samples: Credit Agreement (Wyndham Destinations, Inc.)

Extensions of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Parent Borrower to all Lenders of a Class any tranche of Term Loans with a like maturity date or a Class of Revolving Credit CommitmentsCommitments with a like maturity date, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loans or Revolving Credit Commitments with a like maturity date, as the case may be) and on the same terms to each such Lender, the Parent Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of any Class each such Lender’s relevant tranche of Term Loans and/or Class of Revolving Credit Commitments and otherwise modify the terms of such tranche of Term Loans and/or such Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing the interest rate or fees payable in respect of such Term Loans and/or such Revolving Credit Commitments (and related outstandings), ) and/or modifying the amortization schedule in respect of such Lender’s Term Loans and/or, in the case of a Revolving Credit Commitment, converting outstanding Revolving Credit Loans (and the related Revolving Credit CommitmentsLoans) into Revolving Credit Loans that may not be reborrowed upon prepayment (“91

Appears in 1 contract

Samples: Credit Agreement (Nexstar Media Group, Inc.)

Extensions of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Parent Borrower Borrowers to all Lenders of a any Class of Term Loans or a any Class of Revolving Credit Commitments, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loans or Revolving Credit Commitments of the applicable Class) and on the same terms to each such Lender, the Parent Borrower is Borrowers are hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of any Class of each such Lender’s Term Loans and/or Class of Revolving Credit Commitments of the applicable Class and otherwise modify the terms of such Term Loans and/or such Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing the interest rate or fees payable in respect of such Term Loans and/or such Revolving Credit Commitments (and related outstandings), ) and/or modifying the amortization schedule in respect of such Lender’s Term Loans) (each, an “Extension,” and each group of Term Loans and/or, in the case of a Revolving Credit Commitment, converting outstanding Revolving Credit Loans (and the related or Revolving Credit Commitments) into , as applicable, in each case as so extended, as well as the original Term Loans and the original Revolving Credit Loans that may Commitments (in each case not be reborrowed upon prepayment (“so extended),

Appears in 1 contract

Samples: Credit Agreement (Restaurant Brands International Inc.)

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Extensions of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Parent US Borrower to all Lenders of a Class of Term Loans with a like maturity date or a Class of Revolving Credit CommitmentsCommitments with a like maturity date, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loans or Revolving Credit Commitments with a like maturity date, as the case may be) and on the same terms to each such Lender, the Parent US Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of any Class of each such Lender’s Term Loans and/or Class of Revolving Credit Commitments and otherwise modify the terms of such Term Loans and/or such Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, including by increasing the interest rate or fees payable in respect of such Term Loans and/or such Revolving Credit Commitments (and related outstandings), ) and/or modifying the amortization schedule in respect of such Lender’s Term Loans) (each, an “Extension”, and each group of Term Loans and/or, in the case of a Revolving Credit Commitment, converting outstanding Revolving Credit Loans (and the related or Revolving Credit Commitments) into , as applicable, in each case as so extended, as well as the original Term Loans and the original Revolving Credit Loans that may not be reborrowed upon prepayment Commitments (in each case 105

Appears in 1 contract

Samples: First Lien Credit Agreement (Continental Building Products, Inc.)

Extensions of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Parent Borrower Borrowers to all Lenders of a any Class of Term Loans or a any Class of Revolving Credit Commitments, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loans or Revolving Credit Commitments of the applicable Class) and on the same terms to each such Lender, the Parent Borrower is Borrowers are hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of any Class of each such Lender’s Term Loans and/or Class of Revolving Credit Commitments of the applicable Class and otherwise modify the terms of such Term Loans and/or such Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing the interest rate or fees payable in respect of such Term Loans and/or such Revolving Credit Commitments (and related outstandings), ) and/or modifying the amortization schedule in respect of such Lender’s Term Loans) (each, an “Extension,” and each group of Term Loans and/or, in the case of a Revolving Credit Commitment, converting outstanding Revolving Credit Loans (and the related or Revolving Credit Commitments) into , as applicable, in each case as so extended, as well as the original Term Loans and the original Revolving Credit Commitments (in each case not so extended), being a separate Class of Term Loans that may not be reborrowed upon prepayment from the Class of Term Loans from which they were converted, and any Extended Revolving Credit Commitments (as defined below) shall constitute a separate Class of

Appears in 1 contract

Samples: Credit Agreement (Restaurant Brands International Limited Partnership)

Extensions of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Parent Borrower to all Lenders of a Class any tranche of Term Loans with a like maturity date or a Class of Revolving Credit CommitmentsCommitments with a like maturity date, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loans or Revolving Credit Commitments with a like maturity date, as the case may be) and on the same terms to each such Lender, the Parent Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the maturity date of any Class each such Lender’s relevant tranche of Term Loans and/or Class of Revolving Credit Commitments and otherwise modify the terms of such tranche of Term Loans and/or such Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing the interest rate or fees payable in respect of such Term Loans and/or such Revolving Credit Commitments (and related outstandings), ) and/or modifying the amortization schedule in respect of such Lender’s Term Loans) (each, an “Extension,” and each group of Term Loans and/or, in the case of a or Revolving Credit Commitment, converting outstanding Revolving Credit Loans (and the related Revolving Credit Commitments) into Revolving Credit Loans that may not be reborrowed upon prepayment (“Credit

Appears in 1 contract

Samples: Credit Agreement (Mission Broadcasting Inc)

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