Existing Term C Loans definition
Examples of Existing Term C Loans in a sentence
For the avoidance of doubt, each Non-Consenting Lender shall be deemed to have executed an Assignment and Acceptance with respect to all of its then outstanding Existing Term B Loan and/or Existing Term C Loans.
By its execution of this Amendment No. 2, the Administrative Agent agrees to accept such assignments and the Replacement ▇▇▇▇▇▇ agrees to accept such assignments, and approves this Amendment No. 2 in its capacity as assignee of any such Existing Term B Loans and Existing Term C Loans and as a “Term B Lender” and “Term C Lender” hereunder.
On the Amendment No. 2 Effective Date, concurrently with the effectiveness of this Amendment No. 2, the Borrower shall be deemed to have exercised its rights under Section 13.7(b) of the Credit Agreement to require each Term B Lender and Term C Lender that is a Non-Consenting Lender in respect of this Amendment No. 2 to assign its Existing Term B Loans and/or Existing Term C Loans, as applicable, that are listed on Schedule 1 to this Amendment No. 2 to Citibank, N.A. (the “Replacement Lender”).
Notwithstanding anything to the contrary contained herein, the conversion of Existing Term C Loans into Term D Loans pursuant to Section 1.04(b), and the repayment of any Term C Loans not so converted shall not be deemed to be a prepayment or conversion of the Term C Loans for purposes of Section 2.17 or Section 2.03.
The aggregate amount of the Existing Term C Loans is $25,000,000 and the amount of each Lender's Existing Term C Loan that shall be maintained and continued as a Term C Loan is set forth opposite its name on Schedule 2.1 annexed hereto.