Common use of Amortization of Loans Clause in Contracts

Amortization of Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.05 and except for Advance Amortization Payments, the Borrower shall repay the Borrowings on each date set forth below in the amount set forth opposite such date; provided, that, to the extent the Borrower makes a Discounted Voluntary Prepayment, the repayments due to any Lender participating in such Discounted Voluntary Prepayment shall be reduced ratably by the principal amount of Loans so prepaid (it being understood and agreed that such Discounted Voluntary Prepayment shall not in any manner affect the scheduled repayments due to the Lenders not participating in such Discounted Voluntary Prepayment): June 30, 2013 $ 3,380,927.01 September 30, 2013 $ 16,250,000 December 31, 2013 $ 16,250,000 March 31, 2014 $ 13,750,000 June 30, 2014 $ 13,750,000 September 30, 2014 $ 13,750,000 December 31, 2014 $ 13,750,000 March 31, 2015 $ 11,250,000 June 30, 2015 $ 11,250,000 September 30, 2015 $ 11,250,000 December 31, 2015 $ 11,250,000 March 31, 2016 $ 11,250,000 June 30, 2016 $ 11,250,000 September 30, 2016 $ 11,250,000 Maturity Date Remaining Outstanding Amounts (b) To the extent not previously paid all Loans shall be due and payable on the Maturity Date. (c) Any mandatory prepayment of a Borrowing or optional prepayment that is not a Discounted Voluntary Prepayment shall be applied to reduce the subsequent scheduled repayments of the Borrowings to be made pursuant to this Section ratably. (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 11:00 a.m., New York City time, three 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 amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Dex Media, Inc.)

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Amortization of Loans. (a) Subject The Borrower shall repay outstanding Initial Term Loans on each date set forth below in an aggregate principal amount equal to adjustment 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 2.05 and except for Advance Amortization Payments, the Borrower shall repay the Borrowings on each date set forth below in the amount set forth opposite such date; provided, that, to the extent the Borrower makes a Discounted Voluntary Prepayment, the repayments due to any Lender participating in such Discounted Voluntary Prepayment shall be reduced ratably by the principal amount of Loans so prepaid (it being understood and agreed that such Discounted Voluntary Prepayment shall not in any manner affect the scheduled repayments due to the Lenders not participating in such Discounted Voluntary PrepaymentSection): June 30, 2013 $ 3,380,927.01 September 30, 2013 $ 16,250,000 December 31, 2013 $ 16,250,000 March 31, 2014 $ 13,750,000 June 30, 2014 $ 13,750,000 September 30, 2014 $ 13,750,000 December 31, 2014 $ 13,750,000 March 31, 2015 $ 11,250,000 June 30, 2015 $ 11,250,000 Date Amount September 30, 2015 $ 11,250,000 1.25 % December 31, 2015 $ 11,250,000 1.25 % March 31, 2016 $ 11,250,000 1.25 % June 30, 2016 $ 11,250,000 1.25 % September 30, 2016 $ 11,250,000 Maturity Date Remaining Outstanding Amounts2.50 % 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 paid, (i) all Initial Term Loans shall be due and payable on the Initial Term Loan Maturity DateDate and (ii) all Incremental Term Loans of any Series shall be due and payable on the Incremental Term Maturity Date applicable thereto. (c) Any mandatory prepayment of a an Initial Term Borrowing or optional 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 that is not a Discounted Voluntary Prepayment of an Incremental Term Borrowing of any Series shall be applied to reduce the subsequent scheduled repayments of the Incremental Term Borrowings of such Series to be made pursuant to this Section ratablyas 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 Borrowings hereunderBorrowing 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 telecopyhand delivery or facsimile) of such selection not later than 11:00 a.m.(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 amount amounts repaid. If no such Borrowing or Borrowings shall be selected, such Borrowings shall be selected by the Administrative Agent in a manner to minimize (based on the reasonable judgment of the Administrative Agent) the payment of any breakage costs pursuant to Section 2.17.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Newmont Mining Corp /De/)

Amortization of Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.05 and except for Advance Amortization Payments, the Borrower shall repay the Borrowings on each date set forth below in the amount set forth opposite such date; provided, that, to the extent the Borrower makes a Discounted Voluntary Prepayment, the repayments due to any Lender participating in such Discounted Voluntary Prepayment shall be reduced ratably by the principal amount of Loans so prepaid (it being understood and agreed that such Discounted Voluntary Prepayment shall not in any manner affect the scheduled repayments due to the Lenders not participating in such Discounted Voluntary Prepayment): June 30, 2013 $ 3,380,927.01 9,166,752.79 September 30, 2013 $ 16,250,000 10,000,000 December 31, 2013 $ 16,250,000 10,000,000 March 31, 2014 $ 13,750,000 10,000,000 June 30, 2014 $ 13,750,000 10,000,000 September 30, 2014 $ 13,750,000 10,000,000 December 31, 2014 $ 13,750,000 10,000,000 March 31, 2015 $ 11,250,000 7,500,000 June 30, 2015 $ 11,250,000 7,500,000 September 30, 2015 $ 11,250,000 7,500,000 December 31, 2015 $ 11,250,000 7,500,000 March 31, 2016 $ 11,250,000 6,250,000 June 30, 2016 $ 11,250,000 6,250,000 September 30, 2016 $ 11,250,000 6,250,000 Maturity Date Remaining Outstanding Amounts (b) To the extent not previously paid all Loans shall be due and payable on the Maturity Date. (c) Any mandatory prepayment of a Borrowing or optional prepayment that is not a Discounted Voluntary Prepayment shall be applied to reduce the subsequent scheduled repayments of the Borrowings to be made pursuant to this Section ratably. (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 11:00 a.m., New York City time, three 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 amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Dex Media, Inc.)

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Amortization of Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.05 and except for Advance Amortization Payments, the Borrower shall repay the Borrowings on each date set forth below in the amount set forth opposite such date; provided, that, to the extent the Borrower makes a Discounted Voluntary Prepayment, the repayments due to any Lender participating in such Discounted Voluntary Prepayment shall be reduced ratably by the principal amount of Loans so prepaid (it being understood and agreed that such Discounted Voluntary Prepayment shall not in any manner affect the scheduled repayments due to the Lenders not participating in such Discounted Voluntary Prepayment): June 30, 2013 $ 3,380,927.01 17,852,945.59 September 30, 2013 $ 16,250,000 11,250,000 December 31, 2013 $ 16,250,000 11,250,000 March 31, 2014 $ 13,750,000 11,250,000 June 30, 2014 $ 13,750,000 11,250,000 September 30, 2014 $ 13,750,000 11,250,000 December 31, 2014 $ 13,750,000 11,250,000 March 31, 2015 $ 11,250,000 June 30, 2015 $ 11,250,000 September 30, 2015 $ 11,250,000 December 31, 2015 $ 11,250,000 March 31, 2016 $ 11,250,000 June 30, 2016 $ 11,250,000 September 30, 2016 $ 11,250,000 Maturity Date Remaining Outstanding Amounts (b) To the extent not previously paid all Loans shall be due and payable on the Maturity Date. (c) Any mandatory prepayment of a Borrowing or optional prepayment that is not a Discounted Voluntary Prepayment shall be applied to reduce the subsequent scheduled repayments of the Borrowings to be made pursuant to this Section ratably. (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 11:00 a.m., New York City time, three 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 amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Dex Media, Inc.)

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