Extending Loans definition
Examples of Extending Loans in a sentence
On the Amendment Effective Date (as defined below), each Extending Lender agrees that all of its existing Commitment and Loans will be modified to become an Extended Commitment and Extending Loans, respectively, of like amount, and that the Maturity Date for such Extended Commitments and Extending Loans will be the Extended Maturity Date.
Each of the Borrower and each Consenting Lender hereby agrees that, effective as of (and subject to the occurrence of) the Amendment No. 2 Effective Date, each Consenting Lender’s Existing Loans and Existing Commitments (each, as defined below) shall be deemed to be Extending Loans and Extending Commitments and the Maturity Date in respect of such Extending Loans and Extending Commitments shall be October 15, 2027 (the “Extension”), all as more fully set forth in the Conformed Credit Agreement.