Converting Term Loans definition

Converting Term Loans means each Existing Term Loan as to which the Lender thereof is a Converting Term Lender.

Converting Term Loans means each Existing Term Loan as to which the Lender thereof is a Converting Term Lender. “Corresponding Tenor” with respect to any Available Tenor shall mean, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. “Credit Card Receivables” shall mean, as of any date of determination, the amount due from third-party financial institutions for credit and debit card transactions that would, in conformity with -26- US-DOCS\118329784.0000000000.6

Converting Term Loans means each Existing Term Loan as to which the Lender thereof is a Converting Term Lender. “Corresponding Tenor” with respect to any Available Tenor shall mean, as applicable, either a tenor (including overnight) or an

Examples of Converting Term Loans in a sentence

• All proceeds of the Additional Term Loans (as defined in the Third Amendment) incurred on the Third Amendment Effective Date shall be used by the Borrower to repay in full all Existing Term Loans (as defined in the Third Amendment) other than Converting Term Loans (as defined in the Third Amendment).

• All Converting Term Loans will have the Types and Interest Periods specified in the Notice of Borrowing delivered in connection therewith.

• All Converting Term Loans will have the Types and Interest Periods specified in the Committed Loan Notice delivered in connection therewith.

• All accrued and unpaid interest on the Converting Term Loans to, but not including, the Restatement Effective Date shall be payable on the Restatement Effective Date, but no amounts under Section 2.14 of the Existing Credit Agreement shall be payable in connection with such conversion.

• All accrued and unpaid interest on the Converting Term Loans to, but not including, the Amendment No. 2 Effective Date shall be payable on the Amendment No. 2 Effective Date, but no amounts under Section 3.05 shall be payable in connection with such conversion.

• All proceeds of the Additional Term Loans (as defined in the Third Amendment) incurred on the Effective Date shall be used by the Borrower to repay in full all Existing Term Loans (as defined in the Third Amendment) other than Converting Term Loans (as defined in the Third Amendment).

• Lenders have agreed to extend Initial Term Loans (or convert Converting Term Loans) to the Borrower, in an aggregate principal amount not to exceed $540,000,000, the proceeds of which will be used to consummate the Transactions.

• All accrued and unpaid interest on the Converting Term Loans to, but not including, the Restatement Effective Date shall be payable on the Restatement Effective Date, but no amounts under Section 2.11 shall be payable in connection with such conversion.

• Notwithstanding anything to the contrary contained herein or in the Existing Credit Agreement or the Amended Credit Agreement, each 2018 Refinancing Term Loan Lender and each party to a Converting Lender Consent agrees to waive any entitlement to any breakage loss or expenses due under Section 2.16 of the Existing Credit Agreement with respect to the repayment of its Existing Term Loans or conversion of its Existing Term Loans into Converting Term Loans (as applicable) pursuant to this Amendment.

• The Borrower has requested that the Credit Agreement be amended to modify the terms of the Initial Term Loans (the Initial Term Loans as so modified, the “New Term Loans”, which term, for the avoidance of doubt, includes the Converting Term Loans and the Additional Term Loans, each as defined below).