Examples of Existing Canadian Term Loans in a sentence
The principal amount of the Existing Canadian Term Loans made under the Existing Credit Agreement that remain outstanding as of the Closing Date shall constitute Canadian Term Loans hereunder.
On and after the Closing Date, all Existing Canadian Term Loans made under the Existing Credit Agreement shall be deemed to be Canadian Term Loans made under this Agreement and shall be subject to all the terms and conditions hereof.
The proceeds of the Existing Canadian Term Loans were used on the First Restatement Date by the Canadian Borrower solely to return capital to its parent and such proceeds were in turn used by such parent or by Cedar Fair LP to prepay a portion of the term loan made under the Original Credit Agreement on the Original Closing Date in a principal amount of $270,000,000.
Notwithstanding anything herein to the contrary, all such Term Loans deemed so made hereunder on the Second Restatement Date pursuant to this Section 2.1 that are Eurodollar Loans will have initial Interest Periods ending on the same dates as the Interest Periods applicable to the Existing U.S. Term Loans and/or Existing Canadian Term Loans, as applicable, of such Continuing Lenders.
Such Existing U.S. Term Loans shall on and after the Second Restatement Date have all of the rights and benefits of U.S. Term Loans as set forth in this Agreement and the other Loan Documents and such Existing Canadian Term Loans shall on and after the Second Restatement Date have all of the rights and benefits of Canadian Term Loans as set forth in this Agreement and the other Loan Documents.
The Canadian Borrower acknowledges and confirms that certain of the Existing Canadian Lenders have previously made term loans (collectively, the "Existing Canadian Term Loans") to it in an aggregate principal amount of C$86,750,000.
Subject to the terms and conditions and relying on the representations and warranties herein set forth, each Extending Canadian Term Lender agrees, severally and not jointly, to be deemed to have made a Canadian Tranche B Term Loan to Canadian Borrower on the Restatement Date in the principal amount equal to its Canadian Tranche B Term Commitment by converting its Existing Canadian Term Loans to Canadian Tranche B Term Loans in a principal amount equal to its Canadian Tranche B Term Commitment.
The number of RSUs so credited shall equal the amount of such notional distributions divided by the Fair Market Value of a Chrysler Unit, based on the most recently completed valuation of Fair Market Value or, if the Committee deems necessary or appropriate, on the next valuation of Fair Market Value.
Any Existing Canadian Term Loans of any Existing Canadian Term Lender not so converted shall be deemed to be Canadian Tranche A Term Loans hereunder.