Examples of Exchanged Term Loans in a sentence
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 Restatement Term Loans and such Exchanged Term Loans shall be on such terms under the Restated Credit Agreement.
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 First Amendment Term Loans and such Exchanged Term Loans shall be on the same terms (other than to the extent expressly provided in this First Amendment) under the Loan Documents as such Existing Term Loans.
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.
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.
The exchange of Exchanged Term Loans for Repriced Term Loans and the repayment of Existing Term Loans (other than the Exchanged Term Loans) with the proceeds of the Additional Term Loans contemplated hereby collectively constitute a Repricing Transaction pursuant to the provisions of Section 2.13(c) of the Credit Agreement and shall be subject to the provisions of Section 2.13(c) of the Credit Agreement.