Examples of Seventh Amendment Effective in a sentence
Upon the occurrence of the Seventh Amendment Effective Date, the undersigned shall cease to be a Bank under the Credit Agreement and agrees that its Revolving Credit Commitment, Revolving Loans and Term Loans under the Existing Credit Agreement shall be deemed to be assigned to the other Banks in accordance with Schedule 1 attached as Annex C to this Amendment, with such assignment being deemed to occur simultaneously with the Seventh Amendment Effective Date and prior to the amendments set forth herein.
Subject to the terms and conditions set forth in the Seventh Amendment, not later than 12:00 Noon, New York City time, on the Seventh Amendment Effective Date, each applicable Tranche B Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche B Term Loan or Tranche B Term Loans to be made by such Lender.
The proceeds of the Tranche B Term Loans made on the Seventh Amendment Effective Date shall be used only (i) to repay in full the outstanding principal amount of the Existing Tranche B Term Loans, together with any accrued interest and other amounts owing in respect thereof, (ii) for general corporate purposes and (iii) to pay related costs and expenses.
If at any time after the Seventh Amendment Effective Date and on or prior to the six-month anniversary thereof, the Borrower pursuant to this subsection 3.4(a) makes an optional prepayment in full of the Initial Term Loans pursuant to a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each Lender of Initial Term Loans, a prepayment premium of 1.00% of the aggregate principal amount of Initial Term Loans being prepaid.
In the event any Incremental Term Loans or any Incremental Term C Loans are made after the Seventh Amendment Effective Date, such Incremental Term Loans or Incremental Term C Loans, as applicable, shall be repaid in amounts (each, an “Incremental Term Loan Repayment Amount”) and on dates as agreed between the Borrower and the relevant Lenders of such Incremental Term Loans or Incremental Term C Loans, subject to the requirements set forth in Section 2.14.
The Tranche B 2020 Term Commitments outstanding on the Seventh Amendment Effective Date expired at 5:00 p.m. New York City time on the Seventh Amendment Effective Date, and amounts paid or prepaid in respect of Tranche B 2020 Term Loans may not be reborrowed.
The Administrative Agent shall notify the Borrower and the Lenders of the Seventh Amendment Effective Date, and such notice shall be conclusive and binding.
Customer and Lonza hereby enter into this Seventh Amendment, effective as of the Seventh Amendment Effective Date.
Set forth on Schedule 5.16 is a complete and accurate list of all material registered or applications to register in the United States Patent and Trademark Office or the United States Copyright Office patents, trademarks, and copyrights owned or, in the case of copyrights, exclusively licensed by the Borrowers and Subsidiary Guarantors as of the Seventh Amendment Effective Date.
This Seventh Amendment shall become effective as of the Seventh Amendment Effective Date.