Amortization of Loans. (a) The Borrower shall repay Loans on the last Business Day of each December, March, June and September, (i) occurring after the Closing Date (beginning with December 31, 2019) and on or before the second anniversary of the Closing Date, in an aggregate principal amount for each such date equal to 0.625% of the aggregate principal amount of the Loans outstanding on the Closing Date, (ii) occurring after the second anniversary of the Closing Date and on or before the third anniversary of the Closing Date, in an aggregate principal amount for each such date equal to 1.25% of the aggregate principal amount of the Loans outstanding on the Closing Date, and (iii) occurring after the third anniversary of the Closing Date, in an aggregate principal amount for each such date equal to 1.875% of the aggregate principal amount of the Loans outstanding on the Closing Date. The Borrower shall repay Other Loans on each Incremental Loan Repayment Date in an aggregate principal amount set forth for such date in the applicable Incremental Loan Assumption Agreement (as such amount may be adjusted pursuant to Section 2.09(c)).
(b) To the extent not previously paid, all Loans and Other Loans shall be due and payable on the Maturity Date and the Incremental Loan Maturity Date, respectively, together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment.
(c) Any prepayment of a Borrowing shall be applied (i) to reduce the subsequent scheduled repayments of such Borrowing to be made pursuant to this Section 2.09 as directed by the Borrower and (ii) if the Borrower fails to direct the application of payments, in direct order of maturity to the scheduled repayments of such Borrowing.
(d) Prior to any repayment of any Borrowings under this Section, the Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent in writing of such selection not later than 11:00 a.m., New York City time, three (3) Business Days before the scheduled date of such repayment. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Borrowings shall be accompanied by accrued interest on the amounts repaid. If any repayment of the Loans is scheduled to occur on a day that is not a Business Day, such repayment shall be made on the immediately preceding Business Day.
Amortization of Loans. 20 SECTION 2.09.
Amortization of Loans. 20 SECTION 2.09. Prepayment of Loans....................................................................22 SECTION 2.10. Fees ..................................................................................22 SECTION 2.11. Interest ..............................................................................23 SECTION 2.12. Alternate Rate of Interest.............................................................24 SECTION 2.13.
Amortization of Loans. (a) The Borrower shall repay outstanding Initial Term Loans on each date set forth below in an aggregate principal amount equal to the percentage set forth opposite such date of the original aggregate principal amount of the Initial Term Loans made on the Funding Date (as such amounts may be adjusted pursuant to paragraph (c) of this Section): Date Amount September 30, 2015 1.25 % December 31, 2015 1.25 % March 31, 2016 1.25 % June 30, 2016 1.25 % September 30, 2016 2.50 % December 31, 2016 2.50 % March 31, 2017 2.50 % June 30, 2017 2.50 % September 30, 2017 3.75 % December 31, 2017 3.75 % March 31, 2018 3.75 % June 30, 2018 3.75 % The Borrower shall repay Incremental Term Loans as set forth in the applicable Incremental Facility Agreement.
(b) To the extent not previously paid, (i) all Initial Term Loans shall be due and payable on the Initial Term Loan Maturity Date and (ii) all Incremental Term Loans of any Series shall be due and payable on the Incremental Term Maturity Date applicable thereto.
(c) Any prepayment of an Initial Term Borrowing shall be applied to reduce the subsequent scheduled repayments (including the payment due at maturity) of the Initial Term Borrowing to be made pursuant to this Section in the case of voluntary prepayments pursuant to Section 2.12(a), as directed by the Borrower (or, in the absence of any direction, in direct order of maturity). Any prepayment of an Incremental Term Borrowing of any Series shall be applied to reduce the subsequent scheduled repayments of Incremental Term Borrowings of such Series to be made pursuant to this Section as shall be specified therefor in the Incremental Facility Agreement applicable to such Series.
(d) Prior to (or, in the case of any ABR Loan, at the time of) any repayment of any Borrowing of any Class under this Section, the Borrower shall select the Borrowing or Borrowings of the applicable Class to be repaid and shall notify the Administrative Agent by telephone (confirmed by hand delivery or facsimile) of such selection not later than (i) 12:00 noon, New York City time, three Business Days before the scheduled date of such repayment in the case of a Eurodollar Borrowing or (ii) 10:00 a.m., New York City time on the Business Day of such repayment, in the case of an ABR Borrowing. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Borrowings shall be accompanied by accrued interest on the amounts repaid. If no such Borro...
Amortization of Loans. No amortization shall be required prior to the Maturity Date. To the extent not previously paid, all Loans shall be due and payable on the Maturity Date.
Amortization of Loans. (a) Subject to adjustment pursuant to paragraph (d) of this Section 2.10, each Borrower Party, severally and jointly, agrees that it shall repay Term A Loan Borrowings in equal quarterly installments on the 15th day of each March, June, September and December (commencing with June 15, 2016), (i) for the first twelve quarters, an amount equal to 1.25550% of the sum of (A) the original aggregate principal amount of the Initial Term A Loans on the Effective Date, (B) the original aggregate principal amount of the Additional Term A Loans made on the First Incremental Amendment Effective Date and (C) solely with respect to any such date that is on or after September 15, 2016, the original aggregate principal amount of the Second Additional Term A Loans made on the Second Incremental Amendment Effective Date, (ii) for the succeeding four quarters, an amount equal to 2.51101% of the sum of (A) the original aggregate principal amount of the Initial Term A Loans on the Effective Date, (B) the original aggregate principal amount of the Additional Term A Loans made on the First Incremental Amendment Effective Date and (C) the original aggregate principal amount of the Second Additional Term A Loans made on the Second Incremental Amendment Effective Date and (iii) thereafter until the Term A Loan Maturity Date, an amount equal to 18.83257% of the sum of (A) the original aggregate principal amount of the Initial Term A Loans on the Effective Date, (B) the original aggregate principal amount of the Additional Term A Loans made on the First Incremental Amendment Effective Date and (C) the original aggregate principal amount of the Second Additional Term A Loans made on the Second Incremental Amendment Effective Date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment; provided that if any such date is not a Business Day, such payment shall be due on the next preceding Business Day.
(b) Subject to adjustment pursuant to paragraph (d) of this Section, each Borrower Party, severally and jointly, agrees that it shall repay (i) Term B-1 Dollar Loan Borrowings in equal quarterly installments on the 15th day of each March, June, September and December (commencing with June 15, 2016), each of which shall be in an amount equal to 0.25% of the original aggregate principal amount of the Term B-1 Dollar Loans on the Effective Date, (ii) Term B-1 Euro Loan Borrowings in equal quarterly installments on th...
Amortization of Loans. The Borrower shall repay the Loans to the extent required by Section 6.17(b).
Amortization of Loans. (a) Subject to adjustment pursuant to paragraph (g) of this Section, the Borrower shall repay Tranche 1 Borrowings and Deferred Interest thereon on each Tranche 1 Payment Date in an aggregate amount equal to 6.250% of the sum of all Tranche 1 Loans made or deemed made hereunder and all Deferred Interest thereon (including amounts previously repaid or prepaid).
(b) Subject to adjustment pursuant to paragraph (g) of this Section, the Borrower shall repay Tranche 2 Borrowings and Deferred Interest thereon on each Tranche 2 Payment Date in an aggregate amount equal to 6.250% of the sum of all Tranche 2 Loans made or deemed made hereunder and all Deferred Interest thereon (including amounts previously repaid or prepaid).
(c) Subject to adjustment pursuant to paragraph (g) of this Section, the Borrower shall repay Tranche 3 Borrowings and Deferred Interest thereon on each Tranche 3 Payment Date in an aggregate amount equal to 6.250% of the sum of all Tranche 3 Loans made or deemed made hereunder and all Deferred Interest thereon (including amounts previously repaid or prepaid)
(d) Subject to adjustment pursuant to paragraph (g) of this Section, the Borrower shall repay Tranche 4 Borrowings and Deferred Interest thereon on each Tranche 4 Payment Date in an aggregate amount equal to 6.250% of the sum of all Tranche 4 Loans made or deemed made hereunder and all Deferred Interest thereon (including amounts previously repaid or prepaid).
(e) Subject to adjustment pursuant to paragraph (g) of this Section, the Borrower shall repay Tranche 5 Borrowings and Deferred Interest thereon on each Tranche 5 Payment Date in an aggregate amount equal to 6.250% of the sum of all Tranche 5 Loans made or deemed made hereunder and all Deferred Interest thereon (including amounts previously repaid or prepaid).
(f) To the extent not previously paid, all Loans of each Class and Deferred Interest thereon shall be due and payable on the Maturity Date with respect to Loans of such Class.
(g) Any prepayment of a Borrowing (and Deferred Interest thereon, if applicable) of any Class shall be applied to reduce ratably the subsequent scheduled repayments of the Borrowings and Deferred Interest thereon of such Class to be made pursuant to this Section; provided that any prepayment of a Borrowing and Deferred Interest thereon of any Class that is made pursuant to Section 2.09(a) shall be applied to reduce the subsequent scheduled repayments of the Borrowings of such Class to be made pursuant to ...
Amortization of Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Borrowings on each Payment Date set forth below in an aggregate amount equal to the percentage set forth opposite such Payment Date multiplied by an amount equal to the sum of all Loans made during the Availability Period (whether or not previously repaid): ----------------------------------------------------------------------- Payment Date Percentage ----------------------------------------------------------------------- Each of first, second, third and fourth 2.50% ----------------------------------------------------------------------- Each of fifth, sixth, seventh and eighth 3.75% ----------------------------------------------------------------------- Each of ninth, tenth, eleventh and twelfth 5.00% ----------------------------------------------------------------------- Each of thirteenth, fourteenth, fifteenth and sixteenth 6.25% ----------------------------------------------------------------------- Each of seventeenth, eighteenth, nineteenth and twentieth 7.50% -----------------------------------------------------------------------
(b) To the extent not previously paid, all Loans shall be due and payable on the Maturity Date.
(c) Any prepayment of a Borrowing shall be applied to reduce the subsequent scheduled repayments of the Borrowings to be made pursuant to this Section in the inverse order of maturity thereof.
(d) Prior to any repayment of any Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 2:00 p.m., New York City time, three Business Days before the scheduled date of such repayment; provided that the Borrower shall select Borrowings to be repaid such that each Lender shall receive its pro rata share of such repayment as provided in Section 2.16. Each repayment of a Borrowing ------------ shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Borrowings shall be accompanied by the payment of accrued interest on the amount thereof.
Amortization of Loans. 27 Section 2.09. Prepayment of Loans . . . . . . . . . . . . . . . . . . . . . 28 Section 2.10. Fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 2.11. Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 2.12. Alternate Rate of Interest. . . . . . . . . . . . . . . . . . 30 Section 2.13.
