Common use of Refinancing Term Loans and Refinancing Notes Clause in Contracts

Refinancing Term Loans and Refinancing Notes. (a) The Borrower may by written notice to Administrative Agent elect to request the establishment of one or more additional tranches of term loans denominated in Dollars under this Agreement (“Refinancing Term Loans”) to refinance or replace (collectively, “Refinance”) Term Loans outstanding under any Facility hereunder. Each such notice shall specify the date (each, a “Refinancing Effective Date”) on which the Borrower propose that the Refinancing Term Loans shall be made, which shall be a date not less than five Business Days after the date on which such notice is delivered to the Administrative Agent; provided that each of the following conditions is satisfied:

Refinancing Term Loans and Refinancing Notes. (a) The Borrower may by written notice to Administrative Agent elect to request the establishment of one or more additional tranches of term loans denominated in ​ Dollars under this Agreement (“Refinancing Term Loans”) to refinance or replace (collectively, “Refinance”) Term Loans outstanding under any Facility hereunder. Each such notice shall specify the date (each, a “Refinancing Effective Date”) on which the Borrower propose that the Refinancing Term Loans shall be made, which shall be a date not less than five Business Days after the date on which such notice is delivered to the Administrative Agent; provided that each of the following conditions is satisfied: