Common use of Loan Repricing Protection Clause in Contracts

Loan Repricing Protection. In the event that, on or prior to the six month anniversary of the Closing Date, the Borrower (a) makes any prepayment of Closing Date Term Loans in connection with any Repricing Transaction or (b) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Lender, (i) in the case of clause (a), a prepayment premium of 1.00% of the aggregate principal amount of the Closing Date Term Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1.00% of the aggregate principal amount of the applicable Closing Date Term Loans outstanding immediately prior to such amendment that is subject to such Repricing Transaction.

Appears in 7 contracts

Samples: Credit Agreement (Ensemble Health Partners, Inc.), Intercreditor Agreement (Life Time Group Holdings, Inc.), Credit Agreement (GreenSky, Inc.)

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Loan Repricing Protection. In the event that, on or prior to the six month anniversary of the Closing Fourth Amendment Effective Date, the Borrower (a) makes any prepayment of Closing Date Term Loans in connection with any Repricing Transaction or (b) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Lender, (i) in the case of clause (a), a prepayment premium of 1.00% of the aggregate principal amount of the Closing Date Term Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1.00% of the aggregate principal amount of the applicable Closing Date Term Loans outstanding immediately prior to such amendment that is subject to such Repricing Transaction.

Appears in 1 contract

Samples: Credit Agreement (Superior Industries International Inc)

Loan Repricing Protection. In the event that, on or prior to the six twelve month anniversary of the Closing Date, the Borrower (a) makes any prepayment of any Closing Date Term Loans in connection with any Repricing Transaction with respect to such Closing Date Term Loans or (b) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Lender, (i) in the case of clause (a), a prepayment premium of 1.00% of the aggregate principal amount of the such Closing Date Term Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1.00% of the aggregate principal amount of the applicable Closing Date Term Loans outstanding immediately prior to such amendment that is are subject to such Repricing Transaction.

Appears in 1 contract

Samples: First Lien Credit Agreement (McAfee Corp.)

Loan Repricing Protection. In the event that, on or prior to the six sixtwelve month anniversary of the Closing Date, the Borrower (a) makes any prepayment of Closing Date Term Loans in connection with any Repricing Transaction or (b) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Lender, (i) in the case of clause (a), a prepayment premium of 1.00% of the aggregate principal amount of the Closing Date Term Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1.00% of the aggregate principal amount of the applicable Closing Date Term Loans outstanding immediately prior to such amendment that is subject to such Repricing Transaction.

Appears in 1 contract

Samples: Credit Agreement (Superior Industries International Inc)

Loan Repricing Protection. In the event that, on or prior to the six month anniversary of the Closing Amendment No. 45 Effective Date, the Borrower (a) makes any prepayment of Closing Date Term Loans in connection with any Repricing Transaction or (b) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Lender, (i) in the case of clause (a), a prepayment premium of 1.00% of the aggregate principal amount of the Closing Date Term Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1.00% of the aggregate principal amount of the applicable Closing Date Term Loans outstanding immediately prior to such amendment that is subject to such Repricing Transaction.

Appears in 1 contract

Samples: Credit Agreement (Life Time Group Holdings, Inc.)

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Loan Repricing Protection. In the event that, on or prior to the six month anniversary of the Closing Date, the Borrower (a) makes any prepayment of any Closing Date Term Loans in connection with any Repricing Transaction with respect to such Closing Date Term Loans or (b) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Lender, (i) in the case of clause (a), a prepayment premium of 1.00% of the aggregate principal amount of the such Closing Date Term Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1.00% of the aggregate principal amount of the applicable Closing Date Term Loans outstanding immediately prior to such amendment that is are subject to such Repricing Transaction.

Appears in 1 contract

Samples: Credit Agreement (Cushman & Wakefield PLC)

Loan Repricing Protection. In the event that, that on or prior to the six six-month anniversary of the Closing Amendment No. 1011 Effective Date, the Borrower (a) makes any prepayment of Closing Date Term Loans in connection with any Repricing Transaction or (b) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Lender, (i) in the case of clause (a), a prepayment premium of 1.00% of the aggregate principal amount of the Closing Date Term Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1.00% of the aggregate principal amount of the applicable Closing Date Term Loans outstanding immediately prior to such amendment that is subject to such Repricing Transaction.. 118

Appears in 1 contract

Samples: Credit Agreement (Life Time Group Holdings, Inc.)

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