Converting Lenders definition

Converting Lenders means, as the context requires, (i) in connection with the Third Amendment, the Converting Term B-7 Lenders and the Converting Term B-8 Lenders, as applicable, and (ii) in connection with the Fourth Amendment, the Converting Term B-9 Lenders and the Converting Term B-10 Lenders, as applicable.

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Converting Lenders means each Existing Term Lender that (a) executes this Refinancing Amendment by selecting option A on its signature page hereto and (b) has a 2018 Other Term Commitment.

Converting Lenders means a Converting 2007 Term Loan Lender, a Converting February 2012 Term Loan Lender, a Converting May 2012 Term Loan Lender and/or a Converting 2012 Incremental Term Loan Lender, as the context may require.

Examples of Converting Lenders in a sentence

The Successor Administrative Agent has notified each Converting Lender and each Initial Term B Facility Lender of its allocated Initial Scheduled Term B Loan Commitment, and each of the Fronting Term B Lender and the Converting Lenders has provided its consent to the terms set forth in this agreement to each of the Original Administrative Agent and the Successor Administrative Agent.
Each such Converting Lender hereby agrees that all of its Existing Term Loans (or a lesser amount allocated to such Converting Lenders by the Administrative Agent on or prior to the Second Amendment Effective Date) will be automatically exchanged for a like principal amount of 2018 Refinancing Term Loans on the Second Amendment Effective Date.
The Converting Lenders may, by written notice to HRT, reject any Designated Property for which HRT is unable to satisfy any of the requirements set forth in clause (a)(iii)(A) of this Section 2.01, in which case, HRT shall, by written notice to the Converting Lenders, promptly substitute another property of comparable value satisfactory to the Converting Lenders in their reasonable discretion.
Ultimate Holdings and any Converting Lenders shall, acting in good faith and in a commercially reasonable manner, jointly determine the number of Conversion Payment Shares with respect to any Conversion; provided that if Ultimate Holdings and such Converting Lenders cannot promptly agree on the number of Conversion Payment Shares with respect to such Conversion then they shall use their good faith efforts to jointly appoint a Calculation Agent to determine such number with respect to such Conversion.
Each such Converting Lender hereby agrees that all of its Existing Term Loans (or a lesser amount allocated to such Converting Lenders by the Administrative Agent on or prior to the Second Amendment Effective Date) will be automatically exchanged for a like principal amount of Amendment No. 8 Term Loans on the Eighth Amendment Effective Date.

More Definitions of Converting Lenders

Converting Lenders means each Existing Term Lender that (a) executes this Refinancing Amendment by selecting boxes A and B on the Lender Election Form submitted by such Existing Term Lender in connection with this Refinancing Amendment on or prior to the Fourth Amendment Effective Date and attached hereto and (b) has a 2023 Other Term Commitment.

Converting Lenders has the meaning specified in Section 2.01(b).

Converting Lenders shall have the meaning assigned to such term in the Second Amendment.

Converting Lenders shall have the meaning assigned to the term in the First Refinancing Amendment. “Copyright” has the meaning assigned to such term in the U.S. Security Agreement. “Copyright License” has the meaning assigned to such term in the U.S. Security Agreement. “Cost Saving Initiative” means any operating improvement, restructuring, cost savings initiative or similar initiative (including the effect of arrangements or efficiencies from the shifting of production of one or more products from one manufacturing facility to another) and/or specified transaction, in each case prior to, on or after the Closing Date. “Credit Extension” means each of (i) the making of a Revolving Loan or (ii) the issuance, amendment, modification or extension of any Letter of Credit (other than any such amendment, modification or extension that does not increase the Stated Amount of the relevant Letter of Credit). “Credit Facilities” means the Revolving Facility and the Term Facility. “Cure Amount” has the meaning assigned to such term in Section 6.09(b). “Cure Right” has the meaning assigned to such term in Section 6.09(b). “Current Assets” means, at any date, all assets of Holdings and its Restricted Subsidiaries which under GAAP would be classified as current assets (excluding any (i) cash or Cash Equivalents (including cash and Cash Equivalents held on deposit for third parties by Holdings and/or any Restricted Subsidiary), (ii) permitted loans to third parties, (iii) deferred bank fees and derivative financial instruments related to Indebtedness, (iv) the current portion of current and deferred Taxes and (v) assets held for sale or pension assets). “Current Liabilities” means, at any date, all liabilities of Holdings and its Restricted Subsidiaries which under GAAP would be classified as current liabilities, other than (i) current maturities of long term debt, (ii) outstanding revolving loans and letter of credit exposure, (iii) accruals of Consolidated Interest Expense (excluding Consolidated Interest Expense that is due and unpaid), (iv) obligations in respect of

Converting Lenders means each Existing Term Lender that (a) executes this Refinancing Amendment by selecting boxes A and B on the Lender Election Form submitted by such Existing Term Lender in connection with this Refinancing Amendment on or prior to the Fifth Amendment Effective Date and attached hereto and (b) has a 2024 Other Term Commitment.

Converting Lenders means each Existing Term Lender that (a) executes this Refinancing Amendment by selecting option A on its signature page hereto and (b) has a 2020 Other Term Commitment. (vii) “Non-Converting Lenders” means each Existing Term Lender that is not a Converting Lender. (viii) “Non-Converting Portion” means, with respect to any Converting Lender whose Conversion Amount is less than the outstanding principal amount of its Existing Term Loans on the Second Refinancing Amendment Effective Date, the excess (if any) of the aggregate principal amount of such Converting Lender’s Existing Term Loans over its 2020 Other Term Commitment. For the avoidance of doubt, if there is no such excess, the Non-Converting Portion with respect to such Converting Lender will be zero. The Non-Converting Portion will be determined by the Administrative Agent in consultation with the Borrower and all such determinations (absent manifest error) shall be final, conclusive and binding on the Administrative Agent, the Borrower, the Lenders and the other Secured Parties, and the Administrative Agent and the Borrower shall have no liability to any Person with respect to any such determination.

Converting Lenders means the Converting Term B-7 Lenders and the Converting Term B-8 Lenders, as applicable.