Examples of Replacement Term Facility in a sentence
Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Replacement Term Facility incurred pursuant thereto (including any amendments necessary to treat the Loans and Commitments subject thereto as Other Term Loans and/or Other Term Commitments).
The Administrative Agent shall not unreasonably withhold its consent to a Replacement Term Facility.
The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Administrative Agent, the Borrower and each Term Lender (it being understood that execution of a signature page to the Replacement Term Facility Amendment shall be deemed execution of this Agreement) and (ii) a reaffirmation, substantially in the form of Exhibit N hereto, executed and delivered by the Borrower and each Subsidiary Guarantor.
Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan to the Borrower on the Restatement Effective Date in an amount equal to its Term Commitment in accordance with the Replacement Term Facility Amendment.
For the purpose of determining compliance with the conditions specified in this Section 5.3, each Lender that has signed this Agreement or the Replacement Term Facility Amendment shall be deemed to have accepted, and to be satisfied with, each document or other matter required under this Section 5.3 unless the Administrative Agent shall have received written notice from such Lender prior to the proposed Restatement Effective Date specifying its objection thereto.