Common use of Amortization of Term Borrowings Clause in Contracts

Amortization of Term Borrowings. f) Borrower shall pay to the Administrative Agent, for the account of the Term Loan Lenders, on each March 31, June 30, September 30 and December 31, beginning with September 30, 2014, or if any such date is not a Business Day, on the immediately following Business Day (each such date, a “Term Loan Repayment Date”), a principal amount of the Term Loans equal to 1.25% of the initial aggregate principal amount of such Term Loans (as adjusted from time to time pursuant to Section 2.10 and in connection with any Incremental Term Loans made pursuant to Section 2.19), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Merge Healthcare Inc), Credit Agreement (Merge Healthcare Inc)

AutoNDA by SimpleDocs

Amortization of Term Borrowings. f(a) Borrower The Borrowers, jointly and severally, shall pay to the Administrative Agent, for the account of the Term Loan Lenders, on each March 31, June 30, September 30 and December 31, beginning with 31 (commencing on September 30, 2014) or, or if any such date is not a Business Day, on the immediately following Business Day (each such date, a “Term Loan Repayment Date”), a principal amount of the Initial Term Loans equal to 1.250.25% of the initial aggregate principal amount of such Initial Term Loans (as adjusted from time to time pursuant to Section 2.10 and in connection with any Incremental Term Loans made pursuant to Section 2.192.10), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

Appears in 2 contracts

Samples: Credit Agreement (International Seaways, Inc.), Security Agreement (Overseas Shipholding Group Inc)

Amortization of Term Borrowings. f(a) Subject to Sections 2.19 and 2.20, Borrower shall pay to the Administrative Agent, for the account of the Term Loan Lenders, on each March 31, June 30, September 30 and December 31, beginning with September 69 30, 20142017, or if any such date is not a Business Day, on the immediately following Business Day (each such date, a “Term Loan Repayment Date”), a principal amount of the Term Loans equal to 1.250.25% of the initial aggregate principal amount of such Term Loans (as adjusted from time to time pursuant to Section 2.10 and in connection with any Incremental Term Loans made pursuant to Section 2.192.10), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

Appears in 1 contract

Samples: Credit Agreement (Internap Corp)

Amortization of Term Borrowings. f(a) Borrower The Borrowers, jointly and severally, shall pay to the Administrative Agent, for the account of the Term Loan Lenders, on each March 31, June 30, September 30 and December 31, beginning with 31 (commencing on September 30, 20142017) or, or if any such date is not a Business Day, on the immediately following Business Day (each such date, a “Term Loan Repayment Date”), a principal amount of the Initial Term Loans equal to 1.25% the Applicable Amortization Percentage of the initial aggregate principal amount of such Initial Term Loans (as adjusted from time to time pursuant to Section 2.10 and in connection with any Incremental Term Loans made pursuant to and/or Section 2.192.21), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

Appears in 1 contract

Samples: Credit Agreement (International Seaways, Inc.)

AutoNDA by SimpleDocs

Amortization of Term Borrowings. f(a) Borrower shall pay to the Administrative Agent, for the account of the Term Loan Lenders, on each March 31, June 30, September 30 and December 31, beginning with September 30, 20142013, or if any such date is not a Business Day, on the immediately following Business Day (each such date, a “Term Loan Repayment Date”), a principal amount of the Term Loans equal to 1.250.25% of the initial aggregate principal amount of such Term Loans (as adjusted from time to time pursuant to Section 2.10 and in connection with any Incremental Term Loans made pursuant to Section 2.19), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

Appears in 1 contract

Samples: Credit Agreement (Merge Healthcare Inc)

Amortization of Term Borrowings. f(a) Borrower The Borrowers, jointly and severally, shall pay to the Administrative Agent, for the account of the Term Loan Lenders, on each March 31, June 30, September 30 and December 31, beginning with 31 (commencing on September 30, 20142017) or, or if any such date is not a Business Day, on the immediately following Business Day (each such date, a “Term Loan Repayment Date”), a principal amount of the Initial Term Loans equal to 1.25% the Applicable Amortization Percentage of the initial aggregate principal amount of such Initial Term Loans (as adjusted from time to time pursuant to Section 2.10 and in connection with any Incremental Term Loans made pursuant to Section 2.192.10), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.

Appears in 1 contract

Samples: Credit Agreement (International Seaways, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!