Examples of Existing Tranche A Term Loans in a sentence
By checking this box, the undersigned Tranche A Term Lender hereby consents to the Amendment and agrees to exchange (on a cashless basis) 100% of the outstanding principal amount of its Existing Tranche A Term Loans (or such lesser amount allocated to such Tranche A Term Lender by the Administrative Agent) for Exchanged Refinancing Tranche A Term Loans in an equal principal amount.
The Borrower will not be required to make any payments to Converting Tranche A Term Lenders and Converting Revolving Lenders under Section 2.16 of the Credit Agreement in connection with the conversion of their Existing Tranche A Term Loans into New Tranche A Term Loans and Existing Revolving Loans into New Revolving Loans, respectively.
For purposes of the foregoing, such Interest Periods shall be assigned (i) to the Additional Tranche A Term Loans of each Additional Tranche A Term Lender in the same proportion that such Interest Periods applied to the Existing Tranche A Term Loans on the Amendment Effective Date and (ii) to the Additional Revolving Loans of each Additional Revolving Lender in the same proportion that such Interest Periods applied to the Existing Revolving Loans on the Amendment Effective Date.
On the Restatement Date, the Borrowers shall apply the aggregate proceeds of the Increased Tranche A Term Loans and Additional Tranche A Term Loans (if any) to prepay in full the principal amount of all Existing Tranche A Term Loans, other than Exchanged Tranche A Term Loans and all Existing Tranche A1 Term Loans, other than Exchanged Tranche A1 Term Loans.
Each Loan shall be subject to a new Interest Period beginning on the Closing Date, and all accrued and unpaid interest (at the applicable non-default rate) on the Existing Tranche A Term Loans, Existing Revolving Loans and Existing Tranche B Term Loans under the Existing Credit Agreement and on outstanding Hedge Termination Payments to the Closing Date shall be paid in full in cash by the Borrower on the Closing Date.