AMT Loan definition
Examples of AMT Loan in a sentence
The Parent acknowledges and agrees that upon the effective date of this Agreement the “Obligations” (as defined in the Parent Pledge Agreement) include, without limitation, all of the Obligations of SSI under the AMT Loan Agreement as modified and amended herein (including any such Obligations which are outstanding on the date hereof and which arose under the SSI Loan Agreement prior to the date hereof).
Holdco acknowledges and agrees that, upon the effective date of this Agreement, the “Obligations” (as defined in the Holdco Pledge Agreement) includes, without limitation, all of the Obligations under the AMT Loan Agreement (as modified and amended herein) and all references to the “Loan Agreement” in the Holdco Pledge Agreement and the Holdco Guaranty shall be deemed to be references to the AMT Loan Agreement (as modified and amended herein).
Notwithstanding anything to the contrary, the foregoing shall at all times be subject to Section 11.20 of the AMT Loan Agreement.
Each schedule to the AMT Loan Agreement is hereby amended to include, as applicable, all items set forth on the corresponding schedule to the SSI Loan Agreement.
Upon effective date of this Agreement, SSI shall become a “Borrower” under the AMT Loan Agreement and SSI hereby assumes, and agrees to be jointly and severally liable with the AMT Borrowers for, all of the “Obligations” under the AMT Loan Agreement and the “Loan Documents” as defined therein, whether arising prior to the date hereof or thereafter, all in accordance with the terms thereof.
Each of the AMT Borrowers, SSI, the AMT Restricted Subsidiaries and the SSI Restricted Subsidiaries hereby acknowledges and agrees that, from and after the effective date hereof, all references to Restricted Subsidiaries in the AMT Loan Agreement shall include, without limitation, all SSI Restricted Subsidiaries.
Each of the parties hereto agrees that, from and after the Combination Date, all of the rights, obligations and covenants of the parties hereto shall be set forth solely in the AMT Loan Agreement (as modified by the Assumption Agreement) and that this Agreement shall terminate and be of no further force and effect (except for any provisions hereof that by their terms expressly survive termination).
Each Lender agrees that, on and after the Combination Date, (a) such Lender shall be a “Lender” for all purposes under the AMT Loan Agreement, (b) the Commitments and Loans of such Lender hereunder shall continue in full force and effect under the AMT Loan Agreement as more fully set forth in the Assumption Agreement and (c) this Section 13.2 shall inure to the benefit of the parties to the AMT Loan Agreement.