Examples of Continuing Tranche B Term Loan Lender in a sentence
For the avoidance of doubt, the existing Term Loans of a Continuing Tranche B Term Loan Lender must be continued in whole and may not be continued in part unless otherwise notified by the Administrative Agent prior to the Effective Date to give effect to any cash prepayment of the Tranche B Term Loans to be made by the Borrower on the Effective Date.
For the avoidance of doubt, the Existing Tranche B Term Loans of a Continuing Tranche B Term Loan Lender must be continued in whole and may not be continued in part unless otherwise notified by the Administrative Agent prior to the Closing Date.
Each of the Continuing Tranche B Term Loan Lenders signatory hereto hereby waives any rights to payment or other claims under Section 5.11 of the Credit Agreement that such Lender may otherwise have against any Existing Tranche B Term Loan Lender which does not elect to become a Continuing Tranche B Term Loan Lender pursuant to this Amendment for payments of the 1.0% fee to the extent required under Section 5.4 of the Credit Agreement that are made in accordance with Section 14 of this Amendment.
Any written notice to the Administrative Agent delivered by an applicable Continuing Tranche B Term Loan Lender pursuant to this Section shall specify the amount of such Lender’s Tranche B-1 Term Loan Commitment and the principal amount of the Existing Tranche B Term Loans held by such Lender that are to be converted into a Tranche B-1 Term Loan.
The “New Tranche B Term Loan Commitment” (i) of any Continuing Tranche B Term Loan Lender will be such amount of its Existing Tranche B Term Loans to be continued as an equal amount of New Tranche B Term Loans and (ii) of any Additional Tranche B Term Loan Lender will be such amount (not exceeding any commitment offered by such Additional Tranche B Term Loan Lender) allocated to it by the Administrative Agent and notified to it on or prior to the Amendment Effective Date.
Any portion of an Existing Tranche B Term Loan continued by a Continuing Tranche B Term Loan Lender as a New Tranche B Term Loan as contemplated herein is referred to herein as a “Continued Loan”.
Any written notice to the Administrative Agent delivered by an applicable Continuing Tranche B Term Loan Lender pursuant to this Section shall specify the amount of such Lender’s Tranche B Term Loan Commitment and the principal amount of the Existing Tranche B Term Loans held by such Lender that are to be converted into a Tranche B Term Loan.