Examples of Exchanging Term Lender in a sentence
Each Exchanging Term Lender that executes a counterpart hereof and returns such counterpart to the Administrative Agent prior to 5:00 p.m., New York time, on February 12, 2020, shall be entitled to a consent fee (collectively, the “Consent Fees”) payable upon the Third Amendment Effective Date equal to 0.25% of the sum of its Exchanged Loans, in each case, as calculated on the Third Amendment Effective Date.
On the terms and subject to the satisfaction (or waiver) of the conditions set forth in Article IV hereof, each Exchanging Term Lender agrees that an aggregate principal amount of its Existing Term Loans (the “Exchanged Term Loans”) equal to the amount of such Exchanging Term Lender’s Existing Term Loans will be exchanged with Refinancing Term Loans, as further described in such Exchanging Term Lender’s Lender Consent, as of the First Amendment Effective Date.
Each Exchanging Term Lender has agreed to continue all (or such lesser amount as the TLB Refinancing Arrangers allocate in their discretion) of its Existing Term B Loans as Rolled Term B Loans.
In addition, each Exchanging Term Lender and Additional Term Lender hereby authorizes the Loan Parties, the Resigning Administrative Agent and the Administrative Agent to make any filings and enter into any documentation or amendments to the existing Loan Documents with respect to the Administrative Agent Replacement deemed reasonably necessary or desirable by the Administrative Agent and/or the Resigning Administrative Agent without the consent of any Lender.
The Existing Term Lenders who consent to this Amendment pursuant to the Lender Consent, agree that this Amendment is a Refinancing Amendment and each Exchanging Term Lender agrees to participate in the Refinancing Amendment in the amount notified to such Exchanging Term Lender by the Administrative Agent which may be less than the amount requested by it in its Lender Consent or less than its pro rata amount.