Common use of Amortization of Term Borrowings Clause in Contracts

Amortization of Term Borrowings. (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 March 31, 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 0.25% of the initial aggregate principal amount of such Term Loans (as adjusted from time to time pursuant to Section 2.10), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. (b) To the extent not previously irrevocably paid in full in cash, all Initial Term Loans shall be due and payable on the Initial Term Loan Maturity Date and each Extended Term Loans shall be due and payable on the applicable Extended Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Internap Network Services Corp)

AutoNDA by SimpleDocs

Amortization of Term Borrowings. (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 March 31September 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 0.25% of the initial aggregate principal amount of such Term Loans (as adjusted from time to time pursuant to Section 2.102.10 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. (b) To the extent not previously irrevocably paid in full in cash, all Initial Term Loans shall be due and payable on the Initial Term Loan Maturity Date and each Extended Term Loans shall be due and payable on the applicable Extended Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Merge Healthcare Inc)

Amortization of Term Borrowings. (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 March 31June 30, 2014, 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 0.25% of the initial aggregate principal amount of such Term Loans (as adjusted from time to time pursuant to Section 2.10), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. (b) To the extent not previously irrevocably paid in full in cash, all Initial Term Loans shall be due and payable on the Initial Term Loan Maturity Date and each any Extended Term Loans shall be due and payable on the applicable Extended Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Biglari Holdings Inc.)

AutoNDA by SimpleDocs

Amortization of Term Borrowings. (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 March 31September 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 0.25% of the initial aggregate principal amount of such Term Loans (as adjusted from time to time pursuant to Section 2.10), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. (b) To the extent not previously irrevocably paid in full in cash, all Initial Term Loans shall be due and payable on the Initial Term Loan Maturity Date and Date, each Extended Term Loans shall be due and payable on the applicable Extended Term Loan Maturity DateDate and each Other Term Loan shall be due and payable on its respective maturity date specified in its respective Refinancing Amendment.

Appears in 1 contract

Samples: Credit Agreement (Internap Corp)

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