Restatement Effective Date Term Loans definition

Restatement Effective Date Term Loans means all Term Loans made by the Term Lenders on the Restatement Effective Date that were outstanding under this Agreement immediately prior to the Amendment No. 2 Effective Date.

Restatement Effective Date Term Loans means the term loans made by the Lenders on the Restatement Effective Date to the Borrower pursuant to Section 2.01.

Restatement Effective Date Term Loans shall include the 2019 Incremental Term Loans made in favor of the Borrower pursuant to Amendment No. 6.

Examples of Restatement Effective Date Term Loans in a sentence

• Notwithstanding anything to the contrary, each Participating Lender exchanging Existing Term Loans for Restatement Effective Date Term Loans hereby waives any break funding payments in respect of such Participating Lender’s Existing Term Loans.

• Subject to the terms and conditions set forth herein, each Participating Lender hereby acknowledges and agrees that it has a Restatement Effective Date Term Commitment in the amount set forth on Schedule I to this Agreement and agrees to make Restatement Effective Date Term Loans, or exchange Existing Term Loans for Restatement Effective Date Term Loans, on the Restatement Effective Date in accordance with Section 2.01 of the Credit Agreement and this Agreement.

• Hereby elects to have the outstanding amount of Term Loans of such Signing Lender repaid or purchased and agrees to purchase, on or prior to the date that is 30 days following the Restatement Effective Date, an equal amount of Restatement Effective Date Term Loans.

• Such registration statement shall be filed no later than the Closing Date, and Parent shall use reasonable best efforts to maintain the effectiveness of such registration statement for so long as any Assumed Options or Assumed RSU Awards remain outstanding.

• Upon execution and delivery hereof, the Administrative Agent will record the Restatement Effective Date Term Loans made by each Participating Lender and the Restatement Effective Date Revolving Commitments in the Register.

• Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Restatement Effective Date Term Loans shall be paid in full no later than the Restatement Effective Date Term Loan Maturity Date.

• Hereby elects, upon the Restatement Effective Date, to exchange the outstanding amount of Term Loans of such Signing Lender (or such lesser amount as may be allocated by the Lead Arranger) for an equal outstanding amount of Restatement Effective Date Term Loans under the Credit Agreement.

• Any New Term Loans made on an Increased Amount Date shall be designated in the applicable Joinder Agreement either as a separate series, an increase to the Restatement Effective Date Term Loans or an increase to any prior series of New Term Loans (in each case a “Series”; for purposes of this Section 2.22, the Restatement Effective Date Term Loans and any increase thereof shall be deemed to be a Series) for all purposes of this Agreement.

• Each Converting Lender (including the Fronting Banks with respect to Reallocated Term Loans, if any), shall be deemed to have a Restatement Effective Date Term Commitment in an aggregate principal amount equal to the outstanding principal amount of Existing Term Loans or Reallocated Term Loans of such Converting Lender that are exchanged for Restatement Effective Date Term Loans in accordance with this Agreement.

• The New Term Loans shall be Restatement Effective Date Term Loans and shall share in the mandatory and voluntary prepayment provisions of the Credit Agreement on a pro rata basis with the existing Restatement Effective Date Term Loans.