Soft Call Protection. In the event that, on or prior to the date that is six (6) months after the Restatement Effective Date, the Borrower (i) makes any prepayment of Term Loans (including with the proceeds of any Credit Agreement Refinancing Debt) in connection with any Repricing Transaction or (ii) 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, (x) in the case of clause (i), a prepayment premium of 1% of the amount of the Term Loans being prepaid and (y) in the case of clause (ii), a payment to each Non-Consenting Lender that is being replaced in connection with such amendment equal to 1% of the aggregate amount of the applicable Term Loans of such Non-Consenting Lender outstanding immediately prior to such amendment.
Soft Call Protection. (i) Any prepayment with respect to all or any portion of the Term Loans with the proceeds of, or any conversion of Term Loans into, any new or replacement tranche of term loans bearing interest at an Effective Yield less than the Effective Yield applicable to the Term Loans (as such comparative rates are determined by the Administrative Agent) and (ii) any amendment to the Term Loan Facility that, directly or indirectly, reduces the Effective Yield applicable to the Term Loans (in each case, with original issue discount and upfront fees, which shall be deemed to constitute like amounts of original issue discount, being equated to interest rate margins in a manner consistent with generally accepted financial practice based on an assumed four year life to maturity) shall be accompanied by a prepayment premium equal to 1.00% of the amount of such Term Loans repaid or repriced, if such repayment or repricing is effected on or before the one year anniversary of the Closing Date. Any such determination by the Administrative Agent as contemplated by the preceding sentence shall be conclusive and binding on Borrower and all Lenders, absent manifest error.
Soft Call Protection. The 2013 Refinancing Term Loans shall be subject to call protection on the same terms as provided for 2013 Incremental Term Loans in Section 2.05(d)(2) of the Credit Agreement.
Soft Call Protection. Clause (i) of Section 2.10 of the Credit Agreement is hereby amended and restated in its entirety as follows:
Soft Call Protection. (i) Any prepayment with respect to all or any portion of the Term Loans (other than in connection with a Change in Control or the sale of all or substantially all of the assets of Borrower and its Subsidiaries) with the proceeds of, or any conversion of Term Loans into, any new or replacement tranche of term loans bearing interest at an Effective Yield less than the Effective Yield applicable to the Term Loans (as such comparative rates are determined by the Administrative Agent) and (ii) any amendment to the Term Loan Facility (other than in connection with a Change in Control or the sale of all or substantially all of the assets of Borrower and its Subsidiaries) that, directly or indirectly, reduces the Effective Yield applicable to the Term Loans (in each case, with original issue discount and upfront fees, which shall be deemed to constitute like amounts of original issue discount, being equated to interest rate margins in a manner consistent with generally accepted financial practice based on an assumed four year life to maturity) shall be accompanied by a prepayment premium equal to 1.00% of the amount of such Term Loans repaid or repriced, if such repayment or repricing is effected on or before April 12, 2017. Any such determination by the Administrative Agent as contemplated by the preceding sentence shall be conclusive and binding on Borrower and all Lenders, absent manifest error.
Soft Call Protection. If any prepayment with respect to the Term B Loan is made pursuant to this Section 2.05(a) within one (1) year after the Closing Date pursuant to a Repricing Transaction, the Borrower shall on the date of such prepayment pay to the Lenders a prepayment premium equal to one percent (1.00%) of the principal amount of the Term B Loan so prepaid.
Soft Call Protection. Any prepayment with respect to all or any portion of the Term Loans with the proceeds of, or any conversion of Term Loans into, any new or replacement tranche of term loans bearing interest at an Effective Yield less than the Effective Yield applicable to the Term Loans (as such comparative rates are determined by the Administrative Agent) and (ii) any amendment to this Agreement that, directly or indirectly, reduces the Effective Yield applicable to the Term Loans (in each case, with original issue discount and upfront fees (but excluding customary arranging, underwriting or similar fees not shared with all Lenders), which shall be deemed to constitute like amounts of original issue discount, being equated to interest rate margins in a manner consistent with generally accepted financial practice based on an assumed four year life to maturity) shall be accompanied by a prepayment premium equal to 1.00% of the amount of such Term Loans repaid or repriced, if such repayment or repricing is effected prior to the one year anniversary of the Closing Date (it being understood and agreed that any Lender that withholds its consent to any amendment or waiver of this Agreement the effect of which is to reduce or waive the premium payable pursuant to this Section 2.10(h) and is replaced pursuant to Section 2.16(b) shall be entitled to the payment of such premium by the Borrower at the time of such replacement). Any such determination by the Administrative Agent as contemplated by the preceding sentence shall be conclusive and binding on the Borrower and all Lenders, absent manifest error.
Soft Call Protection. The following provision shall become effective on the date approved by the Required Lenders: Notwithstanding anything to the contrary contained in the Credit Agreement, in the event that, on or prior to the first anniversary of the Incremental Amendment Effective Date, the Parent Borrower (x) makes any prepayment of any Class of Term B-1 Loans in connection with any Repricing Transaction with respect to such Term B-1 Loans or (y) effects any amendment of the Credit Agreement resulting in a Repricing Transaction with respect to any Class of Term B-1 Loans, the Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Term B-1 Lender, (I) in the case of clause (x), a prepayment premium of 1% of the aggregate principal amount of the Term B-1 Loans being prepaid and (II) in the case of clause (y), a payment equal to 1% of the aggregate principal amount of such Class of Term B-1 Loans outstanding immediately prior to such amendment. For purposes of the foregoing:
Soft Call Protection. If any prepayment with respect to the Term B Loan is made pursuant to this Section 2.05(a) or otherwise within twelve (12) months after the Amendment No. 3 Effective Date pursuant to a Repricing Transaction, the Borrower shall on the date of such prepayment pay to the Lenders holding a portion of the Term B Loan a prepayment premium equal to one percent (1.00%) of the principal amount of the Term B Loan so prepaid.
1.8 Section 9.01(c) of the Credit Agreement is amended by adding the following proviso at the end of such Section: ; provided that any failure to comply with Section 8.12 shall not constitute an Event of Default with respect to the Term B Loan or any Add-On Term Loan until the date on which the Administrative Agent or the Requisite Revolving Lenders declare the Obligations to be immediately due and payable in accordance with the provisions of Section 9.03; and provided further that any breach of Section 8.12 may be waived from time to time by the Requisite Revolving Lenders pursuant to Section 11.01.
1.9 Section 9.03 of the Credit Agreement is amended by adding the following proviso at the end of such Section: ; provided that, notwithstanding the foregoing, (x) in the case of an Event of Default as a result of non-compliance with Section 8.12, only the direction of the Requisite Revolving Lenders shall be required to exercise remedies pursuant to this Section 9.03 with respect to the Revolving Loans, Revolving Commitments, L/C Obligations and Swing Line Loans, (y) in the event that the Revolving Lenders (upon direction of the Requisite Revolving Lenders) have exercised their rights pursuant to the foregoing clause (x) of this proviso, (i) only the direction of the Requisite Term B Lenders shall be required for the Term B Lenders to exercise remedies pursuant to this Section 9.03 with respect to the Term B Loan following any non-compliance with Section 8.12 and (ii) only the direction of the Requisite Add-On Lenders shall be required for the Add-On Term Loan Lenders with respect to any given Add-On Term Loan to exercise remedies pursuant to this Section 9.03 with respect to such Add-On Term Loan following any non-compliance with Section 8.12.
1.10 The penultimate proviso in Section 11.01 of the Credit Agreement is amended by replacing the “and” prior to clause (iv) with a comma and adding the following new clause (v) immediately following clause (iv): and (v) only the consent of the Requisite Revolving Lenders shall be required to amend the defin...
Soft Call Protection. The following provision shall become effective on the Amendment No. 2 Effective Date: Notwithstanding anything to the contrary contained in the Credit Agreement, in the event that, on or prior to the date that is six months after the Amendment No. 2 Effective Date, the Parent Borrower (x) makes any prepayment of any Class of Replacement Term Loans in connection with any Repricing Transaction with respect to such Replacement Term Loans or (y) effects any amendment of the Credit Agreement resulting in a Repricing Transaction with respect to any Class of Replacement Term Loans, the Parent Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Replacement Term Lender, (I) in the case of clause (x), a prepayment premium of 1% of the aggregate principal amount of the Replacement Term Loans being prepaid and (II) in the case of clause (y), a payment equal to 1% of the aggregate principal amount of such Class of Replacement Term Loans outstanding immediately prior to such amendment. For purposes of the foregoing:
