Extension Term Loans definition
Examples of Extension Term Loans in a sentence
Any Extension Term Loans shall constitute a separate Class of Term Loans from the related Original Term Loan Class, and any Extension Revolving Credit Commitments and Extension Non-Revolving Credit Loans, as applicable, shall constitute a separate Class of Revolving Credit Commitments from the related Original Revolving Credit Commitment Class.
The Borrower shall make an Interest Period election with respect to the Term Loans (including the Extension Term Loans) at least two Business Days prior to the Extension Amendment Effective Date in accordance with Section 2.13(b) of the Credit Agreement.
So long as (a) no Default or Event of Default shall have occurred and be continuing, (b) the 364 Day Revolving Loan Commitment shall not have been extended pursuant to Section 2.1.2, and (c) the Borrower has not entered into the Replacement Revolving Facility (or executed a binding commitment to enter into the Replacement Revolving Facility) then the principal amount of 364 Day Revolving Loans set forth in such notice shall be converted into an equal principal amount of Extension Term Loans).
On the terms and subject to the conditions herein, each New Extension Term Lender hereby agrees to make Extension Term Loans in the aggregate principal amount indicated on such Lender’s signature page to this Amendment on the Extension Amendment Effective Date.
On the terms and subject to the conditions herein, each Rollover Extension Term Lender hereby agrees to make Extension Term Loans up to the aggregate principal amount of such Lender’s Existing Term Loans (or such lesser amount as may be allocated to such Rollover Extension Term Lender by the Administrative Agent) on the Extension Amendment Effective Date.
On the terms and subject to the conditions herein, each Assignment Extension Term Lender agrees to accept an Assignment and Assumption of Extension Term Loans from Citibank, N.A., in an aggregate amount equal to such Assignment Extension Term Lender’s Existing Term Loans (or such lesser amount as may be allocated to such Assignment Extension Term Lender by the Administrative Agent) on the Extension Amendment Effective Date.
The proceeds of the Extension Term Loans shall be applied toward the payment of (a) the aggregate outstanding principal amount of the Existing Term Loans and (b) fees, expenses and original issue discount payable in connection with the Extension Term Loans.
On or prior to the making of the Extension Term Loans, the Borrower shall have delivered to the Administrative Agent no more than 30 days and not less than 15 days prior to the applicable Extension Date a written notice (which shall be irrevocable) to convert the aggregate principal amount of 364 Day Revolving Loans into Extension Term Loans.
The Borrower shall repay Incremental Term Loans, Other Term Loans and Extension Term Loans in accordance with the relevant repayment schedule agreed to by the Lenders of such Term Loans in the relevant Incremental Amendment, Refinancing Amendment or Extension Amendment, as applicable.
Pursuant to Section 2.26 of the Credit Agreement, the Extension Term Loans shall have the terms set forth in this Amendment and in the Credit Agreement (as amended by this Amendment).