Examples of Extended Maturity Term Loans in a sentence
Notwithstanding anything herein to the contrary, at any time that Original Maturity Term Loans or New Term Loans remain outstanding, all prepayments of Term Loans pursuant to this Section 2.05(a)(i) shall be applied to the Original Maturity Term Loans and the New Term Loans only (but not to the Extended Maturity Term Loans), with such prepayment being applied in accordance with such Original Maturity Term Lenders’ and New Term Lenders’ respective Pro Rata Shares.
As of the Second Restatement Effective Date, the Original Maturity Term Loans have been repaid in full and the aggregate principal amount of Extended Maturity Term Loans outstanding (which, pursuant to the Second Amendment and Restatement Agreement, are redesignated as Tranche B-1 Term Loans as of the Second Restatement Effective Date) is $2,214,777,365.
However, if an incident falls under the Public Safety or Suspicious Activity category, the NOC may issue an item in the [NOC #0000-00-000: Incident Title] format.
As inducement for such conversion, (i) the Borrower (or any other Loan Party selected by the Borrower) may offer to purchase up to 20% of the aggregate principal amount of Original Maturity Term Loans being converted into Extended Maturity Term Loans and (ii) the Borrower may pay fees to such Lenders of up to 0.15% of the aggregate principal amount of Original Maturity Term Loans being converted into Extended Maturity Term Loans (and not being prepaid or purchased pursuant to clause (i) of this sentence).
For convenience of reference, the Extended Maturity Term Loans (as defined in the Amended and Restated Credit Agreement) outstanding immediately prior to the Second Restatement Effective Date shall, on the Second Restatement Effective Date, be redesignated as “Tranche B-1 Term Loans” and shall have the terms provided for “Tranche B-1 Term Loans” under the Second Amended and Restated Credit Agreement.
As of the Second Restatement Effective Date, the Original Maturity Term Loans had been repaid in full and the aggregate principal amount of Extended Maturity Term Loans outstanding (which, pursuant to the Second Amendment and Restatement Agreement, were redesignated as Tranche B-1 Term Loans as of the Second Restatement Effective Date) was $2,214,777,365.