SEC Filings

8-K
AECOM filed this Form 8-K on 03/14/2018
Entire Document
 

 

Repricing Transaction” means (a) the prepayment, refinancing, substitution or replacement of all or a portion of the Term B Loans with the proceeds of, or any conversion of Term B Loans into, any new or replacement loans or similar bank indebtedness (excluding any Revolving Credit Borrowings) bearing interest with an “effective yield” (taking into account upfront fees, interest rate spreads, interest rate benchmark floors and original issue discount, with original issue discount being equated to interest based on an assumed four-year life to maturity) less than the “effective yield” applicable to the Term B Loans subject to such transaction (as such comparative yields are determined by the Administrative Agent) and (b) any amendment or modification to this Agreement which reduces the “effective yield” (other than as a result of no longer applying the Default Rate) applicable to all or a portion of the Term B Loans (it being understood that any amount required to be paid with respect to a Repricing Transaction shall apply to any required assignment by a Non-Consenting Lender under the Term B Facility); provided that any event or transaction described in clause (a) or (b) above that results in the payment in full of the then Outstanding Amount of all Term B Loans and is undertaken in connection with a Change of Control shall not constitute a “Repricing Transaction” hereunder.

 

Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Term Loans or Revolving Credit Loans, a Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

 

Required Lenders” means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders.  The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that, the amount of any participation in any Swing Line Loan and Unreimbursed Amounts that any Defaulting Lender which is a Revolving Credit Lender has failed to fund that have not been reallocated to and funded by another Revolving Credit Lender shall be deemed to be held by the Lender that is the Swing Line Lender or the affected L/C Issuer, as the case may be, in making such determination.

 

Required Revolving Lenders” means, at any time, Revolving Credit Lenders having Total Revolving Credit Exposures representing more than 50% of the Total Revolving Credit Exposures of all Revolving Credit Lenders.  The Total Revolving Credit Exposure of any Defaulting Lender which is a Revolving Credit Lender shall be disregarded in determining Required Revolving Lenders at any time; provided that, the amount of any participation in any outstanding Swing Line Loan and any outstanding Unreimbursed Amounts under the Revolving Credit Facility that such Defaulting Lender has failed to fund and that have not otherwise been Cash Collateralized and/or reallocated to and funded by another Revolving Credit Lender shall be deemed to be held by the Lender that is the Swing Line Lender or the affected L/C Issuer, as the case may be, in making such determination.

 

Required Term A AUD Lenders” means, as of any date of determination, Term A AUD Lenders having Total Term A AUD Loan Exposure representing more than 50% of the Total Term A AUD Loan Exposure of all Term A AUD Lenders on such date; provided that the portion of the Term A AUD Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term A AUD Lenders.

 

Required Term A CAD Lenders” means, as of any date of determination, Term A CAD Lenders having Total Term A CAD Loan Exposure representing more than 50% of the Total Term A CAD Loan Exposure of all Term A CAD Lenders on such date; provided that the portion of the Term A CAD Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term A CAD Lenders.

 

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