Common use of Loan Repricing Protection Clause in Contracts

Loan Repricing Protection. At the time of the effectiveness of any Repricing Transaction that is consummated (i) with respect to the Initial Term Loans, prior to the six (6) month anniversary of the Closing Date, (ii) with respect to the 2018 Incremental Term Loans, prior to the six (6) month anniversary of the Second Amendment Effective Date, (iii) with respect to the 2020 Refinancing Term Loans, prior to the six (6) month anniversary of the Third Amendment Effective Date or, (iv) with respect to the 2023 Incremental Term Loans, prior to the six (6) month anniversary of the Fourth Amendment Effective Date or (v) with respect to the 2023-A Incremental Term Loans, prior to the six (6) month anniversary of the Fifth Amendment Effective Date, the Borrower agrees to pay to the Administrative Agent, for the ratable account of each Term Lender with Initial Term Loans, 2018 Incremental Term Loans, 2020 Refinancing Term Loans or, 2023 Refinancing Term Loans or 2023-A Refinancing Term Loans, as applicable, that are either prepaid, repaid, converted or otherwise subjected to a pricing reduction in connection with such Repricing Transaction (including, if applicable, any Non-Consenting Lender required to assign its Initial Term Loans or 2018 Incremental Term Loans in connection therewith), a fee in an amount equal to 1.00% of (x) in the case of a Repricing Transaction described in clause (i) of the definition thereof, the aggregate principal amount of all Initial Term Loans, 2018 Incremental Term Loans, 2020 Refinancing Term Loans, 2023 Refinancing Term Loan or 2023-A Refinancing Term Loan, as applicable, prepaid, refinanced, converted, substituted or replaced in connection with such Repricing Transaction and (y) in the case of a Repricing Transaction described in clause (ii) of the definition thereof, the aggregate principal amount of all Initial Term Loans, 2018 Incremental Term Loans, 2020 Refinancing Term Loans, 2023 Refinancing Term Loan or 2023-A Refinancing Term Loan, as applicable, outstanding on such date that are subject to an effective pricing reduction pursuant to such Repricing Transaction. Such fees shall be earned, due and payable upon the date of the effectiveness of such Repricing Transaction. For the avoidance of doubt, the Additional 2018 Incremental Term Loans constitute 2018 Incremental Term Loans for all purposes of this Section 2.20.

Appears in 1 contract

Samples: Term Loan Credit Agreement (GFL Environmental Inc.)

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Loan Repricing Protection. At the time of the effectiveness of any Repricing Transaction that is consummated (i) with respect to the Initial Term Loans, prior to the six (6) month anniversary of the Closing Date, Date or (ii) with respect to the 2018 Incremental Term Loans, prior to the six (6) month anniversary of the Second Amendment Effective Date, (iii) with respect to the 2020 Refinancing Term Loans, prior to the six (6) month anniversary of the Third Amendment Effective Date or, (iv) with respect to the 2023 Incremental Term Loans, prior to the six (6) month anniversary of the Fourth Amendment Effective Date or (v) with respect to the 2023-A Incremental Term Loans, prior to the six (6) month anniversary of the Fifth FirstSecond Amendment Effective Date, the Borrower agrees to pay to the Administrative Agent, for the ratable account of each Term Lender with Initial Term Loans, Loans or the 2018 Incremental Term Loans, 2020 Refinancing Term Loans or, 2023 Refinancing Term Loans or 2023-A Refinancing Term Loans, as applicable, that are either prepaid, repaid, converted or otherwise 106 subjected to a pricing reduction in connection with such Repricing Transaction (including, if applicable, any Non-Consenting Lender required to assign its Initial Term Loans or 2018 Incremental Term Loans in connection therewith), a fee in an amount equal to 1.00% of (x) in the case of a Repricing Transaction described in clause (i) of the definition thereof, the aggregate principal amount of all Initial Term Loans, Loans or 2018 Incremental Term Loans, 2020 Refinancing Term Loans, 2023 Refinancing Term Loan or 2023-A Refinancing Term Loan, as applicable, prepaid, refinanced, converted, substituted or replaced in connection with such Repricing Transaction and (y) in the case of a Repricing Transaction described in clause (ii) of the definition thereof, the aggregate principal amount of all Initial Term Loans, Loans or 2018 Incremental Term Loans, 2020 Refinancing Term Loans, 2023 Refinancing Term Loan or 2023-A Refinancing Term Loan, as applicable, outstanding on such date that are subject to an effective pricing reduction pursuant to such Repricing Transaction. Such fees shall be earned, due and payable upon the date of the effectiveness of such Repricing Transaction. For the avoidance of doubt, the Additional 2018 Incremental Term Loans constitute 2018 Incremental Term Loans for all purposes of this Section 2.20.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Holdings Inc.)

Loan Repricing Protection. At the time of the effectiveness of any Repricing Transaction that is consummated (i) with respect to the Initial Term Loans, prior to the six (6) month anniversary of the Closing Date, Date or (ii) with respect to the 2018 Incremental Term Loans, prior to the six (6) month anniversary of the Second Amendment Effective Date, (iii) with respect to the 2020 Refinancing Term Loans, prior to the six (6) month anniversary of the Third Amendment Effective Date or, (iv) with respect to the 2023 Incremental Term Loans, prior to the six (6) month anniversary of the Fourth Amendment Effective Date or (v) with respect to the 2023-A Incremental Term Loans, prior to the six (6) month anniversary of the Fifth First Amendment Effective Date, the Borrower agrees to pay to the Administrative Agent, for the ratable account of each Term Lender with Initial Term Loans, Loans or the 2018 Incremental Term Loans, 2020 Refinancing Term Loans or, 2023 Refinancing Term Loans or 2023-A Refinancing Term Loans, as applicable, that are either prepaid, repaid, converted or otherwise subjected to a pricing reduction in connection with such Repricing Transaction (including, if applicable, any Non-Consenting Lender required to assign its Initial Term Loans or 2018 Incremental Term Loans in connection therewith), a fee in an amount equal to 1.00% of (x) in the case of a Repricing Transaction described in clause (i) of the definition thereof, the aggregate principal amount of all Initial Term Loans, Loans or 2018 Incremental Term Loans, 2020 Refinancing Term Loans, 2023 Refinancing Term Loan or 2023-A Refinancing Term Loan, as applicable, prepaid, refinanced, converted, substituted or replaced in connection with such Repricing Transaction and (y) in the case of a Repricing Transaction described in clause (ii) of the definition thereof, the aggregate principal amount of all Initial Term Loans, Loans or 2018 Incremental Term Loans, 2020 Refinancing Term Loans, 2023 Refinancing Term Loan or 2023-A Refinancing Term Loan, as applicable, outstanding on such date that are subject to an effective pricing reduction pursuant to such Repricing Transaction. Such fees shall be earned, due and payable upon the date of the effectiveness of such Repricing Transaction. For the avoidance of doubt, the Additional 2018 Incremental Term Loans constitute 2018 Incremental Term Loans for all purposes of this Section 2.20.

Appears in 1 contract

Samples: Assignment and Assumption (GFL Environmental Holdings Inc.)

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Loan Repricing Protection. At the time of the effectiveness of any Repricing Transaction that is consummated (i) with respect to the Initial Term Loans, prior to the six (6) month anniversary of the Closing Date, (ii) with respect to the 2018 Incremental Term Loans, prior to the six (6) month anniversary of the Second Amendment Effective DateDate or, (iii) with respect to the 2020 Refinancing Term Loans, prior to the six (6) month anniversary of the Third Amendment Effective Date or, or (iv) with respect to the 2023 Incremental Term Loans, prior to the six (6) month anniversary of the Fourth Amendment Effective Date or (v) with respect to the 2023-A Incremental Term Loans, prior to the six (6) month anniversary of the Fifth Amendment Effective Date, the Borrower agrees to pay to the Administrative Agent, for the ratable account of each Term Lender with Initial Term Loans, 2018 Incremental Term LoansLoans or, 2020 Refinancing Term Loans or, or 2023 Refinancing Term Loans or 2023-A Refinancing Term Loans, as applicable, that are either prepaid, repaid, converted or otherwise subjected to a pricing reduction in connection with such Repricing Transaction (including, if applicable, any Non-Consenting Lender required to assign its Initial Term Loans or 2018 Incremental Term Loans in connection therewith), a fee in an amount equal to 1.00% of (x) in the case of a Repricing Transaction described in clause (i) of the definition thereof, the aggregate principal amount of all Initial Term Loans, 2018 Incremental Term LoansLoans or, 2020 Refinancing Term Loans, Loans or 2023 Refinancing Term Loan or 2023-A Refinancing Term Loan, as applicable, prepaid, refinanced, converted, substituted or replaced in connection with such Repricing Transaction and (y) in the case of a Repricing Transaction described in clause (ii) of the definition thereof, the aggregate principal amount of all Initial Term Loans, 2018 Incremental Term LoansLoans or, 2020 Refinancing Term Loans, Loans or 2023 Refinancing Term Loan or 2023-A Refinancing Term Loan, as applicable, outstanding on such date that are subject to an effective pricing reduction pursuant to such Repricing Transaction. Such fees shall be earned, due and payable upon the date of the effectiveness of such Repricing Transaction. For the avoidance of doubt, the Additional 2018 Incremental Term Loans constitute 2018 Incremental Term Loans for all purposes of this Section 2.20.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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