Examples of Exchanged Term Loans in a sentence
If, prior to the discovery by the Trust that Shares have been Transferred to the Charitable Trustee, such Shares are sold by a Prohibited Owner, then (i) such Shares shall be deemed to have been sold on behalf of the Charitable Trust and (ii) to the extent that the Prohibited Owner received an amount for such Shares that exceeds the amount that such Prohibited Owner was entitled to receive pursuant to this Section 6.9.10(d), such excess shall be paid to the Charitable Trustee upon demand.
For the avoidance of doubt, notwithstanding anything herein to the contrary, it is acknowledged and agreed that the Existing Term Loans of Exchanging Term Lenders will be converted into and continued as Second Amendment Term Loans and such Exchanged Term Loans shall be on the same terms (other than to the extent expressly provided in this Second Amendment) under the Loan Documents as such Existing Term Loans.
The line item for finance costs may also include amounts that arise on non-financial assets or non-financial liabilities.Example 362: How does an entity disclose the differences between fair value on initial recognition and subsequent measurement, when a valuation technique is used?The fair value at initial recognition of financial instruments that are not traded in active markets is determined in accordance with paragraph AG5.42.
On the Amendment Effective Date, the Borrower shall apply the aggregate proceeds of the Additional Term Loans to prepay in full the principal amount of all Existing Term Loans other than Exchanged Term Loans.
Subject to the satisfaction of the conditions precedent set forth in Article IV, the undersigned Exchanging Term Lenders hereby waive the payment of accrued and unpaid interest due on the Amendment Effective Date and agree that interest on the Exchanged Term Loans shall continue to accrue pursuant to the terms of the Credit Agreement and all such accrued and unpaid interest shall be paid in arrears on the next Interest Payment Date immediately following the Amendment Effective Date.