Common use of Refinancing Term Loan Commitments Clause in Contracts

Refinancing Term Loan Commitments. (a) Each 2022 Refinancing Term Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Amended Credit Agreement and subject to the conditions set forth herein, to make 2022 Refinancing Term Loans to the Borrower immediately after the effectiveness of the Tranche G Term Loan Modification on the Amendment No. 10 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such 2022 Refinancing Term Lender’s name on Schedule I hereto under the heading “2022 Refinancing Term Loan Commitment”. Amounts borrowed under this Section 3(a) and repaid or prepaid may not be reborrowed. (b) The 2022 Refinancing Term Loans shall constitute Tranche H Term Loans under the Amended Credit Agreement and shall have the terms applicable thereto. Unless the context shall otherwise require, (i) the 2022 Refinancing Term Loans shall constitute “Refinancing Term Loans”, “Tranche H Term Loans” and “Term Loans”, and the 2022 Refinancing Term Lenders shall constitute “Refinancing Term Lenders”, “Tranche H Term Lenders”, “Term Lenders” and “Lenders”, in each case for all purposes of the Amended Credit Agreement and the other Loan Documents. (c) The proceeds of the 2022 Refinancing Term Loans shall be used on the Amendment No. 10 Effective Date solely (i) to prepay Non-Converted Tranche G Term Loans outstanding under the Credit Agreement immediately after giving effect to the conversion of the Tranche G Term Loans of the Accepting Tranche G Term Lenders pursuant to Section 2 above and (ii) to pay Transaction Costs relating to the incurrence of the 2022 Refinancing Term Loans. (d) Unless previously terminated, the commitments of the 2022 Refinancing Term Lenders pursuant to Section 3(a) shall terminate upon the making of the 2022 Refinancing Term Loans on the Amendment No. 10

Appears in 1 contract

Samples: Loan Modification Agreement (TransDigm Group INC)

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Refinancing Term Loan Commitments. (a) Each 2022 Refinancing a)Each New Tranche E Term Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Amended Credit Agreement and subject to the conditions set forth herein, to make 2022 Refinancing New Tranche E Term Loans to the Borrower immediately after the effectiveness of the Tranche G Term Loan Modification on the Amendment No. 10 4 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such 2022 Refinancing New Tranche E Term Lender’s name on Schedule I hereto under the heading “2022 Refinancing New Tranche E Term Loan Commitment”. Amounts borrowed under this Section 3(a2(a) and repaid or prepaid may not be reborrowed. (b) The 2022 Refinancing . Each New Tranche F Term Loans shall constitute Tranche H Term Loans under Lender hereby agrees, severally and not jointly, on the Amended terms set forth herein and in the Credit Agreement and shall have subject to the terms applicable theretoconditions set forth herein, to make New Tranche F Term Loans to the Borrower on the Amendment No. 4 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such New Tranche F Term Lender’s name on Schedule I hereto under the heading “New Tranche F Term Loan Commitment”. Amounts borrowed under this Section 2(b) and repaid or prepaid may not be reborrowed. Unless the context shall otherwise require, (i) the 2022 2017 Refinancing Term Loans shall constitute “Refinancing Term Loans”, “Tranche H Term Loans” and “Term Loans”, and the 2022 2017 Refinancing Term Lenders shall constitute “Refinancing Term Lenders”, “Tranche H Term Lenders”, “Term Lenders” and “Lenders”, in each case for all purposes of the Amended Credit Agreement and the other Loan Documents. (c) . The proceeds of the 2022 Refinancing New Tranche E Term Loans shall be used on the Amendment No. 10 Effective Date solely (i) to prepay Non-Converted Tranche G Term Loans outstanding under the Credit Agreement immediately after giving effect to the conversion of finance the Tranche G Term Loans of the Accepting Tranche G Term Lenders pursuant to Section 2 above E Refinancing, and (ii) to pay Transaction Costs relating to the incurrence Costs. The proceeds of the 2022 Refinancing Term Loans. (d) Unless previously terminated, the commitments of the 2022 Refinancing Term Lenders pursuant to Section 3(a) shall terminate upon the making of the 2022 Refinancing New Tranche F Term Loans on shall be used solely (i) to finance the Amendment No. 10Tranche D Refinancing and the Tranche F Refinancing, and (ii) to pay Transaction Costs.

Appears in 1 contract

Samples: Refinancing Facility Agreement (TransDigm Group INC)

Refinancing Term Loan Commitments. (a) Each 2022 Tranche E Refinancing Term Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Amended Credit Agreement and subject to the conditions set forth herein, to make 2022 Tranche E Refinancing Term Loans to the Borrower immediately after the effectiveness of the Tranche G Term Loan Modification on the Amendment No. 10 7 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such 2022 Tranche E Refinancing Term Lender’s name on Schedule I hereto under the heading “2022 Tranche E Refinancing Term Loan Commitment”. Amounts borrowed under this Section 3(a2(a) and repaid or prepaid may not be reborrowed. (b) The 2022 Each Tranche F Refinancing Term Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Credit Agreement and subject to the conditions set forth herein, to make Tranche F Refinancing Term Loans shall constitute to the Borrower on the Amendment No. 7 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such Tranche H F Refinancing Term Loans Lender’s name on Schedule I hereto under the Amended heading “Tranche F Refinancing Term Loan Commitment”. Amounts borrowed under this Section 2(b) and repaid or prepaid may not be reborrowed. (c) Each Tranche G Refinancing Term Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Credit Agreement and shall have subject to the terms applicable theretoconditions set forth herein, to make Tranche G Refinancing Term Loans to the Borrower on the Amendment No. 7 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such Tranche G Refinancing Term Lender’s name on Schedule I hereto under the heading “Tranche G Refinancing Term Loan Commitment”. Amounts borrowed under this Section 2(c) and repaid or prepaid may not be reborrowed. (d) Unless the context shall otherwise require, (i) the 2022 2020 Refinancing Term Loans shall constitute “Refinancing Term Loans”, “Tranche H Term Loans” and “Term Loans”, and the 2022 2020 Refinancing Term Lenders shall constitute “Refinancing Term Lenders”, “Tranche H Term Lenders”, “Term Lenders” and “Lenders”, in each case for all purposes of the Amended Credit Agreement and the other Loan Documents. (ce) The proceeds of the 2022 Tranche E Refinancing Term Loans shall be used on the Amendment No. 10 Effective Date solely (i) to prepay Non-Converted Tranche G Term Loans outstanding under the Credit Agreement immediately after giving effect to the conversion of finance the Tranche G Term Loans of the Accepting Tranche G Term Lenders pursuant to Section 2 above E Refinancing and (ii) to pay Transaction Costs relating to the incurrence of the 2022 Refinancing Term LoansCosts. (df) The proceeds of the Tranche F Refinancing Term Loans shall be used solely (i) to finance the Tranche F Refinancing and (ii) to pay Transaction Costs. (g) The proceeds of the Tranche G Refinancing Term Loans shall be used solely (i) to finance the Tranche G Refinancing and (ii) to pay Transaction Costs. (h) Unless previously terminated, the commitments of the 2022 2020 Refinancing Term Lenders pursuant to Section 3(aSections 2(a), (b) and (c) shall terminate upon the making of the 2022 2020 Refinancing Term Loans on the Amendment No. 107

Appears in 1 contract

Samples: Refinancing Facility Agreement (TransDigm Group INC)

Refinancing Term Loan Commitments. (a) Each 2022 2023 Refinancing Term Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Amended Credit Agreement and subject to the conditions set forth herein, to make 2022 2023 Refinancing Term Loans to the Borrower immediately after the effectiveness of the Tranche G E Term Loan Modification and the Tranche F Term Loan Modification on the Amendment No. 10 11 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such 2022 2023 Refinancing Term Lender’s name on Schedule I hereto under the heading “2022 2023 Refinancing Term Loan Commitment”. Amounts borrowed under this Section 3(a) and repaid or prepaid may not be reborrowed. (b) The 2022 2023 Refinancing Term Loans shall constitute Tranche H I Term Loans Loans” under the Amended Credit Agreement and shall have the terms applicable thereto. Unless the context shall otherwise require, (i) the 2022 2023 Refinancing Term Loans shall constitute “Refinancing Term Loans”, “Tranche H I Term Loans” and “Term Loans”, and (ii) the 2022 2023 Refinancing Term Lenders shall constitute “Refinancing Term Lenders”, “Tranche H I Term Lenders”, “Term Lenders” and “Lenders”, in each case case, for all purposes of the Amended Credit Agreement and the other Loan Documents. (c) The proceeds of the 2022 2023 Refinancing Term Loans shall be used on the Amendment No. 10 11 Effective Date solely (i) to prepay Non-Converted Tranche G E Term Loans outstanding under the Credit Agreement immediately after giving effect to the conversion of the Tranche G E Term Loans of the Accepting Tranche G E Term Lenders pursuant to Section 2 2(a) above, (ii) to prepay Non-Converted Tranche F Term Loans outstanding under the Credit Agreement immediately after giving effect to the conversion of the Tranche F Term Loans of the Accepting Tranche F Term Lenders pursuant to Section 2(b) above and (iiiii) to pay Transaction Costs relating to the incurrence of the 2022 2023 Refinancing Term Loans. (d) Unless previously terminated, the commitments of the 2022 2023 Refinancing Term Lenders pursuant to Section 3(a) shall terminate upon the making of the 2022 2023 Refinancing Term Loans on the Amendment No. 1011

Appears in 1 contract

Samples: Loan Modification Agreement (TransDigm Group INC)

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Refinancing Term Loan Commitments. (a) Each 2022 Refinancing New Tranche G Term Lender hereby agrees, severally and not jointly, on the terms set forth herein and in the Amended Credit Agreement and subject to the conditions set forth herein, to make 2022 Refinancing New Tranche G Term Loans to the Borrower immediately after the effectiveness of the Tranche G Term Loan Modification on the Amendment No. 10 February 2018 Refinancing Facility Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such 2022 Refinancing New Tranche G Term Lender’s name on Schedule I hereto under the heading “2022 Refinancing New Tranche G Term Loan Commitment”. Amounts borrowed under this Section 3(a2(a) and repaid or prepaid may not be reborrowed. (b) The 2022 Refinancing Term Loans shall constitute Tranche H Term Loans under the Amended Credit Agreement and shall have the terms applicable thereto. Unless the context shall otherwise require, (i) the 2022 Refinancing New Tranche G Term Loans shall constitute “Refinancing Term Loans”, “Tranche H Term Loans” and “Term Loans”, and the 2022 Refinancing New Tranche G Term Lenders shall constitute “Refinancing Term Lenders”, “Tranche H Term Lenders”, “Term Lenders” and “Lenders”, in each case for all purposes of the Amended Credit Agreement and the other Loan Documents. (c) The proceeds of the 2022 Refinancing New Tranche G Term Loans shall be used on the Amendment No. 10 Effective Date solely (i) to prepay Non-Converted Tranche G Term Loans outstanding under the Credit Agreement immediately after giving effect to the conversion of finance the Tranche G Term Loans of the Accepting Tranche G Term Lenders pursuant to Section 2 above Refinancing, and (ii) to pay Transaction Costs relating to the incurrence of the 2022 Refinancing Term LoansCosts. (d) Unless previously terminated, the commitments of the 2022 Refinancing New Tranche G Term Lenders pursuant to Section 3(a2(a) shall terminate upon the making of the 2022 Refinancing New Tranche G Term Loans on the Amendment No. 10February 2018 Refinancing Facility Effective Date. (e) The initial Interest Period with respect to the New Tranche G Term Loans shall be the Interest Period set forth in the applicable notice of borrowing delivered by the Borrower to the Administrative Agent pursuant to Section 4(d) of this Agreement.

Appears in 1 contract

Samples: Refinancing Facility Agreement (TransDigm Group INC)

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