Examples of Effective Date Term Loans in a sentence
Use commercially reasonable efforts to maintain (a) a public corporate credit rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from Xxxxx’x, in each case, in respect of the Nexstar Borrower and (b) a public rating (but not any specific rating) in respect of Second Amendment Effective Date Term Loans constituting Term B Loans or Third Amendment Effective Date Term Loans constituting Term B Loans from each of S&P and Xxxxx’x.
The Term B-3 Loan Commitment of each Lender shall be automatically and permanently reduced to $0 upon the funding of Second Amendment Effective Date Term Loans made by it on the Second Amendment Effective Date.
Without limiting the generality of the foregoing, the First Amendment Effective Date Term Loans shall have terms, rights, remedies, privileges and protections identical to those applicable to the Effective Date Term Loans under this Agreement and each of the other Loan Documents.
The proceeds of the First Amendment Effective Date Term Loans shall be used by the Borrower for (a) working capital and general corporate purposes, (b) to finance growth initiatives, (c) to pay for operating expenses and (d) to pay the costs, fees and expenses in connection with the consummation of the First Amendment.
The proceeds of the Effective Date Term Loans shall be used by the Borrower, solely (a) for working capital and general corporate purposes, (b) to finance growth initiatives, (c) to pay for operating expenses and (d) to pay the Transaction Costs.
The Borrower and the Administrative Agent agree that such fee will be earned and payable as original issue discount on the 2019 Incremental Effective Date Term Loans on the 2019 Incremental Effective Date.
The Term B-4 Loan Commitment of each Term B-4 Lender shall be automatically and permanently reduced to $0 upon the funding of Fifth Amendment Effective Date Term Loans made by it on the Fifth Amendment Effective Date.
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Hereby elects, upon the Restatement Effective Date, to exchange the outstanding amount of Term Loans of such Signing Lender (or such lesser amount as may be allocated by the Lead Arranger) for an equal outstanding amount of Restatement Effective Date Term Loans under the Credit Agreement.
Unless previously terminated, the Effective Date Term Commitments shall terminate upon the making of the Effective Date Term Loans on the Fifth Amendment and Restatement Effective Date.