Common use of Loan Repricing Protection Clause in Contracts

Loan Repricing Protection. In the event that, on or prior to the date that is one year after the Amendment No. 1 Effective Date, the Borrower (a) makes any prepayment of Term B-2 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% of the amount of the Term B-2 Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1% of the aggregate amount of the Term B-2 Loans outstanding immediately prior to such amendment.

Appears in 1 contract

Samples: Credit Agreement (IASIS Healthcare LLC)

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Loan Repricing Protection. In the event that, on or prior to the date that is one year after the Amendment No. 1 Effective Closing Date, the Borrower (a) makes any prepayment of Term B-2 B 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% of the amount of the Term B-2 B Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1% of the aggregate amount of the Term B-2 B Loans outstanding immediately prior to such amendment.

Appears in 1 contract

Samples: Restatement Agreement (IASIS Healthcare LLC)

Loan Repricing Protection. In the event that, on or prior to the date that is one year after the Amendment ClosingAmendment No. 1 Effective Date, the Borrower (a) makes any prepayment of Term B-2 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% of the amount of the Term B-2 Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1% of the aggregate amount of the Term B-2 Loans outstanding immediately prior to such amendment.

Appears in 1 contract

Samples: Credit Agreement (IASIS Healthcare LLC)

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Loan Repricing Protection. In the event that, on or prior to the date that is one year after the Amendment No. 1 Effective Closing Date, the Borrower (a) makes any prepayment of Term B-2 Initial 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% of the amount of the Term B-2 Initial Loans being prepaid and (ii) in the case of clause (b), a payment equal to 1% of the aggregate amount of the Term B-2 applicable Initial Loans outstanding immediately prior to such amendment.

Appears in 1 contract

Samples: Security Agreement (Nexeo Solutions Finance Corp)

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