Examples of Additional Term C Loans in a sentence
No amounts paid or prepaid with respect to any Additional Term C Loans may be reborrowed.
All Additional Term C Loans and Increased Term C Loans will be of the Type and have the Interest Period (if applicable) specified in the Committed Loan Notice delivered in connection therewith.
The Borrower shall prepay in full the aggregate principal amount of the Non-Converted Term B Loans with the proceeds of the Additional Term C Loans and the Increased Term C Loans, concurrently with the receipt thereof.
The Loan Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien and security interests granted by the Security Documents continue to secure all the Obligations and continue to be perfected under the UCC or otherwise after giving effect to the incurrence of any Additional Term C Loans.
Notwithstanding anything herein to the contrary, Lenders that make the initial funding under any Additional Term C Loans shall be Regulated Banks, Exempt Entities or Licensed Lenders.
The Consents and the Joinder shall have been duly executed by each existing Term Lender or Additional Term C Lender, as applicable, such that upon such execution by all such Lenders, the aggregate principal amount of the Converted Term B Loans, the Increased Term C Loans and the Additional Term C Loans is equal to $2,277,500,000.00.
Subject to compliance by the Borrower with the terms hereof (including Sections 2.1.4, 5.1 and 5.2) and the Amendment Agreement, from and after the Amendment Effective Date (which shall be a Business Day) until the Additional Term C Loan Commitment Termination Date, each Additional Term C Lender shall make Additional Term C Loans to the Borrower on an Additional Term C Funding Date in accordance with this Section.
The Borrower shall be permitted to borrow such Additional Term C Loans with an initial Interest Period or Interest Periods that end on the same date with Interest Periods then applicable to Term C Loans and LIBOR rates consistent with those applicable to existing Term C Loans (in which case such Additional Term C Loans shall be allocated amongst such Interest Periods ratably with existing Term C Loans).
The Administrative Agent shall have received a Borrowing Request duly executed and delivered by the Borrower pursuant to which Additional Term C Loans are made to the Borrower for the purposes set forth in the Section 7.1.9 of the Second Amended and Restated Credit Agreement.
The Additional Term C Lender, the Borrower, Holdings and the Administrative Agent acknowledge and agree that the Additional Term C Loans provided pursuant to this Agreement shall constitute Term C Loans, for all purposes of the Credit Agreement and the other applicable Loan Documents.