Examples of Series D Tranche B Term Loans in a sentence
Any previously issued Notes, if any, evidencing (x) Converted Series B Tranche B Term Loans are amended to reflect the terms and conditions evidencing the Series D Tranche B Term Loans or Series E Tranche B Term Loans, as applicable, and (y) Converted Series C Tranche B Term Loans are amended to reflect the terms and conditions evidencing the Series D Tranche B Term Loans or the Series E Tranche B Term Loans, as applicable.
For the avoidance of doubt, no such conversion shall constitute a novation of any interest owing to each Amendment No. 6 Consenting Lender and each Amendment No. 6 Consenting Lender shall continue to be entitled to receive all accrued and unpaid interest owing to it from the Borrower through but not including the Amendment No. 6 Effective Date with respect to its Converted Series D Tranche B Term Loans.
The repayment or exchange into Series D Tranche B Term Loans, as applicable, of Tranche B Term Loans, Series A Tranche B Term Loans and/or Series B Tranche B Term Loans, as applicable, will not affect the right of any Lender to receive any accrued and unpaid interest with respect to the Tranche B Term Loans, Series A Tranche B Term Loans and/or Series B Tranche B Term Loans, as applicable all of which shall be paid by Borrower on the Series D Tranche B Term Loan Funding Date.
Scheduled installments of principal of the Series D Tranche B Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Series D Tranche B Term Loans in accordance with Sections 2.12, 2.13 and 2.14 of the Credit Agreement respectively.
Promptly upon receipt thereof, Administrative Agent shall make the proceeds of the Series D Tranche B Term Loans available to Borrower on the date hereof by causing an amount of same day funds in Dollars equal to the proceeds of all such loans received by Administrative Agent from New Term Loan Lenders to be credited to the account of Borrower, at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Borrower.
The proceeds of the Series D Tranche B Term Loans and Series E Tranche B Term Loans borrowed on the Restatement Effective Date will be used by the Borrower on the Restatement Effective Date solely to refinance the Series B Tranche B Term Loans and Series C Tranche B Term Loans under the Original Credit Agreement and to pay related fees and expenses.
The New Term Loan Lenders party hereto, as applicable, waive the payment of any breakage loss or expense under Section 2.18 of the Credit Agreement in connection with the repayment or exchange into Series D Tranche B Term Loans, as applicable, of Tranche B Term Loans, Series A Tranche B Term Loans and/or Series B Tranche B Term Loans.
In accordance with Section 2.20 of the Credit Agreement, Borrower has previously delivered to Administrative Agent an executed Borrowing Request for Series F Tranche B Term Loans, requesting a proposed borrowing in the principal amount, which shall include an amount in respect of the aggregate principal amount of the Converted Series D Tranche B Term Loans, of $625,000,000 (the “Proposed Borrowing”) on the Amendment Effective Date.
For the avoidance of doubt, Section 5 of this Agreement shall supersede the final paragraph of Section 2.13(a) of the Credit Agreement with respect to Series D Tranche B Term Loans.
In accordance with Section 2.25 of the Credit Agreement, Borrower has previously delivered to Administrative Agent an executed Funding Notice for Series D Tranche B Term Loans, requesting a proposed borrowing in the principal amount of up to $1,300,000,000 (the “Proposed Borrowing”) on the date hereof (the “Series D Tranche B Term Loan Funding Date”).