Examples of Sixth Amendment Term Loans in a sentence
The Sixth Amendment Term Loans and the Tenth Amendment Term Loans are for purposes of this Agreement, each, a “Term Loan” and, collectively, the “Term Loans”, and from and after the Tenth Amendment Effective Date, all references to a “Term Loan” or to “Term Loans” shall be deemed to refer to Sixth Amendment Term Loans or Tenth Amendment Term Loans, as applicable.
Use the proceeds of the Credit Extensions (i) in the case of the Tenth Amendment Term Loans, to prepay Sixth Amendment Term Loans and (ii) to provide ongoing working capital and for other general corporate purposes of STBV and its Subsidiaries (including Permitted Acquisitions).
Following the making or continuation and/or conversion thereof, as applicable, on the Sixth Amendment Effective Date, the Sixth Amendment Term Loans shall constitute Term B Loans and Term Loans, as applicable, in all respects for purposes of this Agreement and all other Loan Documents.
From and after the Sixth Amendment Effective Date, (i) the Sixth Amendment Term Loan Commitment of each Lender shall be a “Term Facility Commitment Amount” for all purposes under the Credit Agreement and (ii) the Sixth Amendment Term Loans of the Lenders shall be “Loans”, for all purposes under the Credit Agreement and the other Loan Documents.
The Sixth Amendment Term Borrowing shall consist of Sixth Amendment Term Loans made simultaneously by the Sixth Amendment Term Lenders in accordance with their respective Sixth Amendment Term Commitments.
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For purposes of this Amendment, an “Over-Subscription” shall occur if the aggregate principal amount of requested Sixth Amendment Initial Term Commitments and requested Sixth Amendment Term Loans exceeds the Maximum Sixth Amendment Term Commitment as of the Sixth Amendment Effective Date.
For the avoidance of doubt, the Sixth Amendment Term Loans shall be a separate class of Term Loans from the Initial Term Loans.
The Sixth Amendment Term Loan Commitments will terminate in full upon the making of the related Sixth Amendment Term Loans.
Each Lender party hereto making a Sixth Amendment Term Loan (each, a “Sixth Amendment Term Lender”) is willing to make Sixth Amendment Term Loans in the amount set forth opposite such Sixth Amendment Term Lender’s name on Schedule 1.2 to the Credit Agreement, as amended by this Amendment.