Amendment and Restatement Date definition
Examples of Amendment and Restatement Date in a sentence
The proceeds of the Amendment and Restatement Date Term Loans, together with cash on hand, will be used on the Amendment and Restatement Date, (i) to fund the Amendment and Restatement Date Refinancing, (ii) to pay the Transaction Expenses, and (iii) to fund amounts required for working capital.
Each Cashless Roll Term Lender hereby agrees that, on and as of the Amendment and Restatement Date, all of the outstanding principal amount of its Existing Term Loans shall be deemed to have been repaid in full and discharged, as if repaid in cash in immediately available funds, for all purposes of the Original Credit Agreement, without the need for further action (or further payment in cash or otherwise) by the Borrower or any other person.
The Amendment and Restatement Date Term Loans may be Base Rate Loans or Term Benchmark Loans, as further provided herein.
To the extent required under Section 2.18, any prepayment of a Term Loan shall be accompanied by all accrued interest thereon, together with the payment of the Payment Premium (in the case of the Amendment and Restatement Date Term Loans)Make-Whole Amount or Exit Premium (in the case of the Amendment No. 2 Delayed Draw3 Term Loans) (in each case, if applicable on such date), and in the case of Term Benchmark Loans any additional amounts required pursuant to Section 3.05.
Subject only to the terms and conditions set forth in Section 4.01 hereof, each Term Lender severally agrees to make to the Borrower on the Amendment and Restatement Date the Amendment and Restatement Date Term Loans in an aggregate principal amount equal to such Term Lender’s Amendment and Restatement Date Term Loan Commitment on the Amendment and Restatement Date.