Examples of Sixth Amendment Term Loans in a sentence
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).
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.
Each Loan Party hereby approves and consents to the amendments and waivers contemplated by this Amendment and agrees that its obligations under the Existing Credit Agreement and the other Loan Documents to which it is a party shall not be diminished as a result of the execution of this Amendment, the incurrence of the Sixth Amendment Term Loans or the consummation of the transactions contemplated by this Amendment and the Amended Credit Agreement.
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.
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 Borrowers shall have delivered a certificate of an Officer certifying that (i) no Event of Default under the Credit Agreement has occurred and is continuing after giving effect to this Sixth Amendment and the Sixth Amendment Term Loans and (ii) the representations and warranties set forth in Section 4 hereof are true and correct as set forth therein.
Notwithstanding anything to the contrary in this Amendment, the Sixth Amendment Term Commitments established hereby shall automatically terminate on February 23, 2017 to the extent the Sixth Amendment Effective Date and the funding of the Sixth Amendment Term Loans shall have not occurred on or prior to such date.