Examples of Original Loans in a sentence
Subject to the terms and conditions hereof, on the Effective Date, all of the outstanding principal amounts of the Original Loans, together with all accrued and unpaid interest with respect thereto and all outstanding obligations under the Prepetition Swap Contracts, shall be converted as set forth in the Plan of Reorganization into (a) new senior secured term loans in an aggregate principal amount of $300,000,000 outstanding under this Agreement (the “Loans”), and (b) the Lender Equity Interests.
Each Lender that held an interest in the Original Loans shall be automatically deemed, on the Restatement Date, to hold an interest in the 2020 Loans in a principal amount equal to the principal amount of such Xxxxxx’s Original Loans as set forth under the heading “2020 Loans” on Schedule 1.01 hereto.
For the avoidance of doubt, “cash price” is meant to cover Loans that are funded by cash rather than through a continuation and conversion of Original Loans.
AMENDMENT AND RESTATEMENT (a) In order to induce Lender to extend and amend the Original Loans and to enter into this Agreement, the Loan Agreements and the other documents pertaining to the Loans, each Borrower hereby agrees that such Borrower has no claims, offsets or defenses against Lender or against enforcement of the terms of the Original Documents against such Borrower, and each Borrower waives and relinquishes any such claims, offsets or defenses whatsoever that such Borrower may now have.
Each Lender that held an interest in the Original Loans shall be automatically deemed, on the Restatement Date, to hold an interest in the 2020 Loans in a principal amount equal to the principal amount of such Lender’s Original Loans as set forth under the heading “2020 Loans” on Schedule 1.01 hereto.