Examples of Rollover Term Loans in a sentence
Amounts paid or prepaid in respect of the Rollover Term Loans may not be reborrowed.
If a Default (but not an Event of Default) shall have occurred and be continuing on the date of such exchange, any notices given or cure periods commenced while the Initial Loans or Rollover Term Loans were outstanding shall be deemed given or commenced (as of the actual dates thereof) for all purposes with respect to the Notes (with the same effect as if the Notes had been outstanding as of the actual dates thereof).
The provisions of this Indenture shall take effect upon the issuance of any Notes in exchange for Rollover Term Loans pursuant to Section 2.3 of the Senior Loan Agreement and shall have no effect until such issuance.
Any such Lender shall deliver any promissory note evidencing the Rollover Term Loans held by it to the Administrative Agent together with its delivery of an Exchange Request.
CoBank, solely in its capacity as a Lender with respect to the Rollover Term Loans, hereby agrees, for itself and on behalf of its future Assignees, to reduce the amount of each installment payment due to CoBank (and/or its future Assignees) on and after March 31, 2023 in respect of the Rollover Term Loans pursuant to Sections 2.3(g) and (h) of the Credit Agreement to $0.
For the avoidance of doubt, the Emergence Rollover Credit Agreement shall not be the Emergence Term Loan Credit Agreement, and no Emergence Rollover Term Loans thereunder shall be issued or otherwise deemed extended on, prior to, or after the Effective Date.
Under the Term Loan Credit Agreement, the New Money Bridge Loans are senior to the Rollover Term Loans and the Rollover Term Loans are senior to the Tranche B Term Loans in respect of the application of proceeds from the sale of collateral.
As used herein, the term “Requisite Lenders” shall mean (x) each Continuing Lender and (y) Additional Lenders that have committed to make New Term Loans on the Restatement Date (as set forth on the signature pages to this Amendment of such Additional Lenders) in an aggregate amount that is equal to at least $350,000,000 less the aggregate amount of the Rollover Term Loans.
The Borrower agrees to pay to the Administrative Agent for the account of each Continuing Lender that executes and delivers a signature page to this Amendment in its capacity as such to the Administrative Agent (or its counsel) at or prior to the Signing Date, an amendment fee (the “Amendment Fee”) in an amount equal to 2.00% of the aggregate principal amount of the Rollover Term Loans of such Continuing Lender.