Extended Term Lender definition
Examples of Extended Term Lender in a sentence
Each 2023 Extended Term Lender hereby waives, solely in connection with the conversion from the Eurodollar Rate to Term SOFR on the Sixth Amendment Effective Date pursuant to this Amendment, the applicability of Section 2.20 of the Existing Credit Agreement.
In addition, any Extended Term Lender or Extended Revolving Lender shall become bound by the Re-Allocation Agreement in a manner satisfactory to Administrative Agent, and the Lenders and Issuing Lenders hereby authorize Administrative Agent and Collateral Agent to enter into any amendment or supplement to the Re-Allocation Agreement as Administrative Agent deemed as appropriate, in order to give effect to the foregoing.
Each Consenting Extended Term Lender hereby agrees to waive any entitlement to any breakage loss or expenses due under Section 3.05 with respect to the repayment of its Extended Term Loans it holds as a Term Lender which have been replaced with Incremental Term B-1 Loans.
The Borrower shall take such actions as may be reasonably requested by the Administrative Agent such that, as soon as practicable after the Fourth Amendment Effective Date, each Extended Term Lender holds a ratable share of each Extended Term Loan having a particular Interest Period.
The Extended Term Loan of each Extended Term Lender shall mature and be payable in full on the Extended Term Loan Stated Maturity Date.