Specified Refinancing Term Loans Clause Samples

Specified Refinancing Term Loans. The principal amount of Specified Refinancing Term Loans of each Term Lender shall be repaid by the Borrower as provided in the Refinancing Amendment, subject to the requirements of Section 2.21. To the extent not previously paid, each Specified Refinancing Term Loan shall be due and payable on the Maturity Date applicable to such Specified Refinancing Term Loans.

Specified Refinancing Term Loans. (a) The Borrower may, from time to time after the Closing Date, and subject to the consent of the Administrative Agent (which consent shall not be unreasonably withheld, delayed or conditioned), add one or more new term loan facilities under this Agreement (“Specified Refinancing Term Loans”) pursuant to procedures reasonably specified by the Administrative Agent and reasonably acceptable to the Borrower, to refinance all or any portion of any Class of Term Loan then outstanding under this Agreement (subject to clause (A) of the proviso at the end of this sentence), in each case pursuant to a Refinancing Amendment; provided that such Specified Refinancing Term Loans: (i) will rank pari passu in right of payment as the other Term Loans hereunder; (ii) will be incurred by the Borrower and will not be guaranteed by any person that is not a Guarantor; (iii) will be, if secured, (1) secured solely by the Collateral on a pari passu or junior basis with the Liens securing the Obligations and (2) subject to intercreditor arrangements reasonably satisfactory to the Administrative Agent; (iv) will have such pricing and optional prepayment terms as may be agreed by the Borrower and the applicable Lenders thereof; (v) will have a maturity date that is not prior to the Maturity Date of the Term Loans being refinanced and will have a Weighted Average Life to Maturity that is not shorter than the Weighted Average Life to Maturity then in effect of the Term Loans being refinanced; (vi) any Specified Refinancing Term Loans will share ratably (or if unsecured or junior as to security, on a junior basis in respect of) any optional and mandatory prepayments of Term Loans (unless the Lenders providing such Specified Refinancing Term Loans agree to participate on a less than pro rata basis in any such voluntary or mandatory prepayments); (vii) subject to clauses (iv) and (v) above, will have terms and conditions (other than pricing and optional prepayment and redemption terms) that are substantially identical to, or less favorable, when taken as a whole, to the Lenders providing such Specified Refinancing Term Loans than, the terms and conditions of the Term Loans being refinanced (provided that a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent in good faith at least five Business Days prior to the incurrence of such Specified Refinancing Term Loans, together with a reasonably detailed description of the material terms and conditions o...

Specified Refinancing Term Loans. Each Specified Refinancing Term Lender hereby agrees to make Specified Refinancing Term Loans in the aggregate amount specified opposite its name on Annex I attached hereto on the Amendment No. 1 Effective Date. The commitments of the Specified Refinancing Term Lenders pursuant to this Section 1.1 shall terminate upon funding of the Specified Refinancing Term Loans. Once repaid, the Specified Refinancing Term Loans may not be reborrowed. Pursuant to Section 2.25 of the Credit Agreement, the Specified Refinancing Term Loans shall have the terms set forth in this Amendment and in the Amended Credit Agreement.