Examples of New Term Loan in a sentence
Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments.
The undersigned Term Lender hereby irrevocably and unconditionally (i) approves the Amendment and the certain amendments set forth therein and (ii) consents to convert 100% of the outstanding principal amount of the Existing Term Loans held by such Lender (or such lesser amount allocated to such Lender by the Third Amendment and Restatement Joint Lead Arrangers and Bookrunners) into a New Term Loan in a like principal amount and to consent to the Amendment as a Converting New Term Lender.
Any New Term Loans made on an Increased Amount Date shall, at the election of the Borrower and agreed to by Lenders providing such New Term Loan Commitments, be designated as (a) a separate series (a “Series”) of New Term Loans for all purposes of this Agreement or (b) as part of a Series of existing Term Loans for all purposes of this Agreement.
For purposes of the Credit Agreement, the initial notice address of each New Term Loan Lender shall be as set forth below its signature below.
By executing this Lender Addendum, the undersigned institution agrees (A) to the terms of the Amendment and the Amended Credit Agreement and (B) on the terms and subject to the conditions set forth in the Amendment and the Amended Credit Agreement, to continue its Existing Term Loans as New Term Loans on the Second Amendment Effective Date in the amount of its New Term Loan Commitment (it being understood that such continuation shall be effected pursuant to a cashless roll).