Examples of Initial Second Amendment Effective Date in a sentence
The 2016 New Replacement Term B-2 Loan Commitment of each 2016 New Replacement Term B-2 Loan Lender shall be automatically and permanently reduced to $0 upon the making of such 2016 New Replacement Term B-2 Loan Lender’s 2016 New Replacement Term B-2 Loan pursuant to the Second Amendment on the Initial Second Amendment Effective Date.
Immediately following the incurrence of the 2016 Replacement Term B-1 Loans and the 2016 Replacement Term B-2 Loans, in each case, on the Initial Second Amendment Effective Date (and the application of the proceeds thereof as provided in Section 4(a)(vi) of the Second Amendment), all such 2016 Replacement Term B-2 Loans shall be converted into 2016 Replacement Term B-1 Loans pursuant to the 2016 Replacement Term Loan Conversion.
For the avoidance of doubt, the parties hereto agree and acknowledge that the Initial Second Amendment Effective Date shall occur on the same calendar day as the Second Amendment Effective Date, but shall be deemed to have occurred immediately prior to the Second Amendment Effective Date.
The Administrative Agent shall promptly deliver notice to the Corporation of the occurrence of the Initial Second Amendment Effective Date.
The 2016 New Replacement Term B-1 Loan2020 New Refinancing Term B Loan Commitment of each 20162020 New ReplacementRefinancing Term B-1B Loan Lender shall be automatically and permanently reduced to $0 upon the making of such 20162020 New Replacement Term B-1 Loan Lender’s 2016 New Replacement Term B-1 Loan pursuant to the Second Amendment on the Initial Second Amendment Effective Date.
The 2016 New Replacement Term B-1 Loan Commitment of each 2016 New Replacement Term B-1 Loan Lender shall be automatically and permanently reduced to $0 upon the making of such 2016 New Replacement Term B-1 Loan Lender’s 2016 New Replacement Term B-1 Loan pursuant to the Second Amendment on the Initial Second Amendment Effective Date.
RL Lenders hereby agree that, notwithstanding anything to the contrary contained in Section 3.03(b) of the Credit Agreement, the Designated Incremental RL Commitments (as defined in the First Amendment) of the Existing Designated Incremental RL Lenders shall not terminate as otherwise required by said Section until June 30, 2006 (immediately after giving effect to the Initial Second Amendment Effective Date).
The Initial Second Amendment Effective Date shall have occurred and each Designated Incremental RL Lender shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered (including by way of facsimile transmission) the same to the Administrative Agent (or its designee).
From and after the Initial Second Amendment Effective Date and the Subsequent Second Amendment Effective Date, all references in the Credit Agreement and each of the other Credit Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement as modified by this Amendment on the Initial Second Amendment Effective Date or the Subsequent Second Amendment Effective Date, as the case may be.
Each 2017 New Replacement Term Loan Lender’s 2017 New Replacement Term Loan Commitment shall terminate immediately and without further action on the Initial Second Amendment Effective Date after giving effect to the funding of such 2017 New Replacement Term Loan Lender’s 2017 New Replacement Term Loan Commitment on such date.