Common use of Additional Term Loans Clause in Contracts

Additional Term Loans. The Borrower shall repay the aggregate outstanding principal amount of the Additional Term Loans (if any) in consecutive quarterly installments on the last Business Day of each calendar quarter commencing with the first full calendar quarter ending after the applicable Additional Term Loan Effective Date, in the following amounts (which such amount shall be calculated on the applicable Additional Term Loan Effective Date): (i) as of any fiscal quarter end prior to the fiscal quarter ending September 30, 2007, an amount equal to one-quarter of one percent (0.25%) of the original principal amount of the applicable Additional Term Loans, and (ii) as of any fiscal quarter ending on or after September 30, 2007, an amount equal to twenty-five percent (25%) of the sum of (X) the original amount of the applicable Additional Term Loans less (Y) the projected amount of all scheduled amortization payments to be made with respect to the applicable Additional Term Loans (determined as of the applicable Additional Term Loan Effective Date) prior to September 30, 2007; provided that such amounts of individual installments may be adjusted pursuant to Section 4.4 hereof.

Appears in 2 contracts

Samples: Credit Agreement (Veridian Corp), Credit Agreement (Veridian Corp)

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Additional Term Loans. The Borrower shall repay the aggregate outstanding principal amount of the Additional Term Loans (if any) in consecutive quarterly installments on the last Business Day of each calendar quarter of March, June, September and December commencing with the first full calendar quarter ending after the applicable Additional Term Loan Effective Date, in the following amounts (which such amount amounts shall be calculated on the applicable Additional Term Loan Effective Date): (i) as of any fiscal quarter end prior to the fiscal quarter ending September June 30, 20072012, an amount equal to one-quarter of one percent (0.25%) of the original principal amount of the applicable Additional Term Loans, and (ii) as of any fiscal quarter ending on or after September June 30, 20072012, an amount equal to twenty-five percent (25%) of the sum of (X) the original amount of the applicable Additional Term Loans less (Y) the projected aggregate amount of all scheduled amortization payments to be made with respect to the applicable Additional Term Loans (determined as of the applicable Additional Term Loan Effective Date) prior to September June 30, 20072012 as provided in clause (i) of this Section 4.3(b); provided that such amounts of individual installments may be adjusted pursuant to Section 4.4 hereof4.4. If not sooner paid, the Additional Term Loans shall be paid in full, together with accrued interest thereon on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

Additional Term Loans. The Borrower shall repay the aggregate outstanding principal amount of the Additional Term Loans (if any) in consecutive quarterly installments on the last Business Day of each calendar quarter of March, June, September and December commencing with the first full calendar quarter ending after the applicable Additional Term Loan Effective Date, in the following amounts (which such amount shall be calculated on the applicable Additional Term Loan Effective Date): (i) as of any fiscal quarter end prior to the fiscal quarter ending September 30, 20072008, an amount equal to one-quarter of one percent (0.25%) of the original principal amount of the applicable Additional Term Loans, and (ii) as of any fiscal quarter ending on or after September 30, 20072008, an amount equal to twenty-five percent (25%) of the sum of (X) the original amount of the applicable Additional Term Loans less (Y) the projected amount of all scheduled amortization payments to be made with respect to the applicable Additional Term Loans (determined as of the applicable Additional Term Loan Effective Date) prior to September 30, 20072008; provided that such amounts of individual installments may be adjusted pursuant to Section 4.4 hereof.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Additional Term Loans. The Borrower Unless otherwise provided in the applicable Additional Term Loan Agreement with respect to any applicable Additional Term Loans, the Borrowers shall repay the aggregate outstanding principal amount of the Additional Term Loans (if any) in consecutive quarterly installments on the last Business Day of each calendar quarter of March, June, September and December commencing with the first full calendar quarter ending after the applicable Additional Term Loan Effective Date, in the following amounts (which such amount shall be calculated on the applicable Additional Term Loan Effective Date): (i) as of any fiscal quarter end prior to the fiscal quarter ending September 30, 20072009, an amount equal to one-quarter of one percent (0.25%) of the original principal amount of the applicable Additional Term Loans, and (ii) as of any fiscal quarter ending on or after September 30, 20072009, an amount equal to twenty-five percent (25%) of the sum of (X) the original amount of the applicable Additional Term Loans less (Y) the projected amount of all scheduled amortization payments to be made with respect to the applicable Additional Term Loans (determined as of the applicable Additional Term Loan Effective Date) prior to September 30, 20072009; provided that such (i) if not sooner paid, the Additional Term Loans shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date and (ii) the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

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Additional Term Loans. The Borrower shall repay the aggregate outstanding principal amount of the Additional Term Loans (if any) in consecutive quarterly installments on the last Business Day of each calendar quarter of March, June, September and December commencing with the first full calendar quarter ending after the applicable Additional Term Loan Effective Date, in the following amounts (which such amount amounts shall be calculated on the applicable Additional Term Loan Effective Date): (i) as of any fiscal quarter end prior to the fiscal quarter ending September 30December 31, 20072009, an amount equal to one-quarter of one percent (0.25%) of the original principal amount of the applicable Additional Term Loans, and (ii) as of any fiscal quarter ending on or after September 30December 31, 20072009, an amount equal to twenty-five percent (25%) of the sum of (X) the original amount of the applicable Additional Term Loans less LESS (Y) the projected aggregate amount of all scheduled amortization payments to be made with respect to the applicable Additional Term Loans (determined as of the applicable Additional Term Loan Effective Date) prior to September 30December 31, 20072009 as provided in clause (i) of this Section 4.3(b); provided PROVIDED that such amounts of individual installments may be adjusted pursuant to Section 4.4 hereof.

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

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