Examples of Third Amendment Effective Date in a sentence
For the period from the Third Amendment Effective Date and continuing thereafter through and including the Repurchase Term Loan Maturity Date, equal principal and interest payments each in an amount sufficient to fully amortize the principal balance of the Repurchase Term Loan outstanding as of the Third Amendment Effective Date and interest thereon over a period of ten (10) years will be payable on the first (1st) day of each full month through and including the Repurchase Term Loan Maturity Date.
On the Closing Date or the Third Amendment Effective Date, as applicable, the Borrower established a Term C Loan Collateral Account for the benefit of each Term Letter of Credit Issuer for the purpose of cash collateralizing the Borrower’s obligations (including Term L/C Obligations) to such Term Letter of Credit Issuer in respect of the Term Letters of Credit issued or to be issued by such Term Letter of Credit Issuer.
Interest will accrue in respect of the unpaid principal amount of the Repurchase Term Loan from the Third Amendment Effective Date until the Repurchase Term Loan Maturity Date at a rate per annum equal to the sum of Term SOFR plus 2.35%.
For the avoidance of doubt, the reallocation of SOFR Loans on the Second Amendment Effective Date, Third Amendment Effective Date, Fourth Amendment Effective Date, Fifth Amendment Effective Date and, Seventh Amendment Effective Date and Eighth Amendment Effective Date as contemplated by the Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment and, Seventh Amendment and Eighth Amendment, respectively, shall not require the payment of any compensation under this Section 2.11.