Existing Term Loan Lender definition
Examples of Existing Term Loan Lender in a sentence
Each Existing Term Loan Lender selecting Option A on the Term Loan Lender Consent hereby consents and agrees to this Amendment.
Notwithstanding the foregoing, the provisions of the Credit Agreement with respect to indemnification, reimbursement of costs and expenses, increased costs and break funding payments shall continue in full force and effect with respect to, and for the benefit of, each Existing Term Loan Lender in respect of such Lender’s Existing Term Loans.
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. 1, the amount of such Existing Term Loan Lender’s participation in the Tranche B-1 Term Loans may be less than 100% of the principal amount of such Existing Term Loan Lender’s Existing Term Loans, based on the Amendment No. 1 Arrangers’ allocation of the Tranche B-1 Term Loans.
In Borrowings occurring on the Closing Date, each Existing Term Loan Lender made Existing Term Loans to SFC in the aggregate original principal amount of $173,750,000, which remain outstanding as of the Restatement Effective Date in the aggregate principal amount of $168,211,259.
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. 4, the amount of such Existing Term Loan Lender’s participation in the Tranche B-3 Term Loans may be less than 100% of the principal amount of such Existing Term Loan Lender’s Existing Term Loans, based on the Amendment No. 4 Arrangers’ allocation of the Tranche B-3 Term Loans.