Existing Revolving Facility Loans definition

Existing Revolving Facility Loans shall have the meaning provided in Section 2.23(a).

Existing Revolving Facility Loans shall be repaid in full in U.S. dollars in immediately available funds, together with all accrued and unpaid interest on, and all other amounts owing in respect of, (A) such Existing Revolving Facility Loans and (B) each Letter of Credit outstanding under the Existing Credit Agreement immediately prior to giving effect to this Agreement (each, an “Outstanding Letter of Credit”) (the transactions described in the foregoing clauses (i) and (ii), collectively, the “Existing Revolving Facility Prepayment”; the Existing Revolving Facility Prepayment, together with the execution and delivery of this Agreement, the incurrence of the Refinancing Revolving Commitments and any borrowings thereunder on the Sixth Amendment Effective Date and the payment of the Sixth Amendment Transaction Costs, are collectively referred to herein as the “Sixth Amendment Transactions”). On the Sixth Amendment Effective Date, (1) each Outstanding Letter of Credit will continue to remain outstanding and shall thereafter be deemed to be a Letter of Credit issued under the Amended Credit Agreement on the Sixth Amendment Effective Date for all purposes under the Amended Credit Agreement and the other Loan Documents and (2) the Issuing Bank of each Outstanding Letter of Credit shall be deemed to have sold to each Refinancing Revolving Lender, and each Refinancing Revolving Lender shall be deemed to have purchased from such Issuing Bank, without further action by any party hereto, an undivided interest and participation, pro rata (based on the percentage of the aggregate Refinancing Revolving Commitments represented by such Refinancing Revolving Lender’s Refinancing Revolving Commitment), in such Outstanding Letter of Credit.

Existing Revolving Facility Loans shall have the meaning assigned to the term “Revolving Facility Loans” under the Existing Credit Agreement.

Examples of Existing Revolving Facility Loans in a sentence

• Prior to the Effective Date, certain “Loans” were made to the Existing Borrowers under the Existing Credit Agreement (such outstanding “Revolving Facility Loans,” the “Existing Revolving Facility Loans” and such outstanding “Swing Line Loans,” the “Existing Swing Line Loans” and together with the Existing Revolving Facility Loans, the “Existing Loans”).

• Subject to the terms and conditions set forth in this Agreement, each Borrower and each of the Lenders agree that on the Effective Date the Existing Revolving Facility Loans shall be re-evidenced as Revolving Facility Loans under this Agreement and the Existing Swing Line Loans shall be re-evidenced as Swing Line Loans under this Agreement and the terms of the Existing Loans shall be restated in their entirety and shall be evidenced by this Agreement.

• As of the Effective Date and prior to the funding of any Loans hereunder on the Effective Date, the outstanding principal balance of the Existing Revolving Facility Loans is $160,518,198.76 and the outstanding principal balance of the Existing Swing Line Loans is $0.

• User may need to check the content of a contract generated by CCMS.

• Any Existing Revolving Facility Loans outstanding on the Fifth Amendment Effective Date shall be continued as Revolving Facility Loans hereunder; provided that (x) the Existing Revolving Facility Loans of each Original Maturity Revolving Facility Lender will be reclassified as “Original Maturity Revolving Facility Loans” and (y) the Existing Revolving Facility Loans of each Extended Maturity Revolving Facility Lender will be reclassified as “Extended Maturity Revolving Facility Loans”.

More Definitions of Existing Revolving Facility Loans

Existing Revolving Facility Loans means the “Revolving Facility Loans” under (and as defined in) the Existing Rackspace Technology Global Credit Agreement.

Existing Revolving Facility Loans means the Revolving Credit Loans outstanding under the Original Credit Agreement on the Amendment Effective Date (but immediately prior to giving effect to this Agreement).

Existing Revolving Facility Loans means the Revolving Facility Loans outstanding under the Existing First Lien Credit Agreement immediately prior to the 2019 Effective Date.

Existing Revolving Facility Loans means a Loan made by an Existing Revolving Facility Lender pursuant to Section 2.01(b).

Existing Revolving Facility Loans means the “Revolving Facility Loans” outstanding immediately prior to the Amendment No. 3 Effective Date.

Existing Revolving Facility Loans means “Revolving Facility Loans” under the Fourth Amended and Restated Credit Agreement outstanding immediately prior to the effectiveness of this Agreement.

Existing Revolving Facility Loans outstanding immediately prior to the occurrence of the Third Restatement Effective Date shall be prepaid in full by the Borrower on the Third Restatement Effective Date, which prepayment shall be accompanied by accrued and unpaid interest on the Existing Revolving Facility Loans being prepaid to but excluding the Third Restatement Effective Date. Such prepayment may be financed (subject to satisfaction of applicable borrowing conditions herein) with the proceeds of Revolving Loans made on the Third Restatement Effective Date by the Replacement Revolving Credit Facility Lenders, in which case the Borrower irrevocably directs that the proceeds of such Revolving Loans be applied directly to prepay in full (and be netted against) the Existing Revolving Facility Loans, with any excess being delivered in accordance with the applicable Borrowing Request.