Examples of Fifth Amendment and Restatement Effective Date in a sentence
Each Term Loan of each Term Lender shall mature in 20 consecutive quarterly installments, each of which shall be in an amount equal to the product of such Lender’s Term Percentage, as applicable, multiplied by (i) the Amortization Percentage set forth below opposite such installment and (ii) the initial principal amount of the Term Loans borrowed on the Fifth Amendment and Restatement Effective Date and Delayed Draw Borrowing Date.
Schedule 3.01 sets forth the correct and complete list of each Subsidiary, as of the Fifth Amendment and Restatement Effective Date , indicating (a) its jurisdiction of organization, (b) its ownership (by holder and percentage interest), (c) its business and primary geographic scope of operation and (d) whether such Subsidiary is a Material Subsidiary.
Not later than 10:00 a.m., New York City time on the Fifth Amendment and Restatement Effective Date or Delayed Draw Borrowing Date, as applicable, each Term Lender shall make available to the Administrative Agent at the applicable Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Lender.
Unless previously terminated, the Effective Date Term Commitments shall terminate upon the making of the Effective Date Term Loans on the Fifth Amendment and Restatement Effective Date.
On the Fifth Amendment and Restatement Effective Date, the Fourth Amended and Restated Credit Agreement has been amended and restated in the form of this Agreement.
The Parent Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at the Applicable Rate on the average daily unused amount of the Revolving Commitment of such Lender during the period from and including the Fifth Amendment and Restatement Effective Date to but excluding the date on which such Revolving Commitment terminates.
The proceeds of Revolving Credit Loans made on or after the Fifth Amendment and Restatement Effective Date will be used for working capital and other general corporate purposes of Holdings and its Subsidiaries, including the financing of Permitted Acquisitions.
The Guarantees created under such Collateral Documents will continue to guarantee the Obligations (as the Obligations are modified hereunder) to the same extent as they guaranteed the Obligations immediately prior to the Fifth Amendment and Restatement Effective Date.