Examples of Existing Term Loan in a sentence
The Interest Period then in effect (and the LIBOR Rate (as defined in this Agreement immediately prior to the effectiveness of Amendment No. 1) thereunder) for the Existing Term Loans of Non-Consenting Existing Term Loan Lenders and Post-Closing Option Lenders shall remain in effect for the Additional Tranche B-1 Term Loans following any such repayment.
In addition, if an Existing Term Loan Lender has exercised its “Cashless Settlement Option” or the “Post-Closing Settlement Option” pursuant to their Consent to Amendment No. 9, the amount of such Existing Term |US-DOCS\155771128.5|| Xxxx Xxxxxx’s participation in the Tranche B-5 Term Loans may be less than 100% of the principal amount of such Existing Term Loan Lender’s Existing Term Loans for which such option was selected, based on the Amendment No. 9 Arrangers’ allocation of the Tranche B-5 Term Loans.
The Borrower shall prepay all Existing Term Loans of Non-Consenting Existing Term Loan Lenders and Post-Closing Option Lenders with the gross proceeds of the Additional Tranche B-1 Term Loans.