Common use of Amortization of Term Loans Clause in Contracts

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment. (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility Amendment. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 3 contracts

Samples: Credit Agreement (Vectrus, Inc.), Credit Agreement (Vectrus, Inc.), Credit Agreement (Vectrus, Inc.)

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Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cb) of this SectionSection and subject to paragraph (i) of Section 2.11, the Borrower shall repay Tranche A the Initial Term Borrowings Loans on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the an aggregate principal amount set forth opposite such datedate in the table below: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 5,500,000 September 30, 2015 $ 2,625,000 5,500,000 December 31, 2015 $ 3,500,000 5,500,000 March 31, 2016 $ 3,500,000 5,500,000 June 30, 2016 $ 3,500,000 5,500,000 September 30, 2016 $ 3,500,000 5,500,000 December 31, 2016 $ 3,500,000 5,500,000 March 31, 2017 $ 3,500,000 5,500,000 June 30, 2017 $ 3,500,000 5,500,000 September 30, 2017 $ 3,500,000 5,500,000 December 31, 2017 $ 5,250,000 5,500,000 March 31, 2018 $ 5,250,000 5,500,000 June 30, 2018 $ 5,250,000 5,500,000 September 30, 2018 $ 5,250,000 5,500,000 December 31, 2018 $ 20,125,000 5,500,000 March 31, 2019 $ 20,125,000 5,500,000 June 30, 2019 $ 20,125,000 Tranche A 5,500,000 September 30, 2019 $ 5,500,000 December 31, 2019 $ 5,500,000 March 31, 2020 $ 5,500,000 June 30, 2020 $ 5,500,000 September 30, 2020 $ 5,500,000 December 31, 2020 $ 5,500,000 March 31, 2021 $ 5,500,000 June 30, 2021 $ 5,500,000 September 30, 2021 $ 5,500,000 Term Loan Maturity Date $ 20,125,000 Subject 2,057,000,000 Without limiting the foregoing, to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment. (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A applicable Term Loan Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (cb) Any prepayment of a Term Loan Borrowing of any Class shall be applied (i) in the case of prepayments made pursuant to Section 2.11(a) or (e), to reduce the subsequent scheduled repayments of the Term Loan Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower Borrower, or as otherwise provided in any Extension Amendment, any Incremental Facility Amendment or Refinancing Amendment, and (orii) in the case of prepayments made pursuant to Section 2.11(c) or Section 2.11(d), if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Loan Borrowings of the applicable such Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments , or as otherwise provided in the applicable any Extension Amendment, any Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsor Refinancing Amendment. (dc) Prior to any repayment of any Term Loan Borrowings of any Class under this Sectionhereunder, the Borrower shall select the Borrowing or Borrowings of the applicable Class to be repaid and shall notify the Term Loan Administrative Agent by telephone (confirmed by hand delivery, facsimile or other electronic imagingtelecopy) of such selection election not later than 11:00 a.m.1:00 p.m., New York City time, three Business Days before on the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Loan Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Zebra Technologies Corp)

Amortization of Term Loans. (a) Subject to adjustment --------------------------- pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount ---- ------ March 31, 1998 $ 250,000 June 30, 1998 $ 250,000 September 30, 1998 $ 250,000 December 31, 2014 1998 $ 2,625,000 250,000 March 31, 2015 1999 $ 2,625,000 250,000 June 30, 2015 1999 $ 2,625,000 250,000 September 30, 2015 1999 $ 2,625,000 250,000 December 31, 2015 1999 $ 3,500,000 250,000 March 31, 2016 2000 $ 3,500,000 250,000 June 30, 2016 2000 $ 3,500,000 250,000 September 30, 2016 2000 $ 3,500,000 250,000 December 31, 2016 2000 $ 3,500,000 250,000 March 31, 2017 2001 $ 3,500,000 250,000 June 30, 2017 2001 $ 3,500,000 250,000 September 30, 2017 2001 $ 3,500,000 250,000 December 31, 2017 2001 $ 5,250,000 250,000 March 31, 2018 2002 $ 5,250,000 250,000 June 30, 2018 2002 $ 5,250,000 250,000 September 30, 2018 2002 $ 5,250,000 250,000 December 31, 2018 2002 $ 20,125,000 250,000 March 31, 2019 2003 $ 20,125,000 2,500,000 June 30, 2019 2003 $ 20,125,000 Tranche A 2,500,000 September 30, 2003 $ 2,500,000 December 31, 2003 $ 2,500,000 March 31, 2004 $10,000,000 June 30, 2004 $10,000,000 September 30, 2004 $10,000,000 December 31, 2004 $10,000,000 March 31, 2005 $30,000,000 June 30, 2005 $30,000,000 September 30, 2005 $30,000,000 Term Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.$30,000,000 (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) If the initial aggregate amount of the Lenders' Term Commitments exceeds the aggregate principal amount of Term Loans that are made on the Effective Date, then the scheduled repayments of Term Borrowings to be made pursuant to this Section shall be reduced ratably by an aggregate amount equal to such excess. Any prepayment of a Term Borrowing of any Class Borrowing, whether or not pursuant to this Section 2.10(c), shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by ratably; provided that any prepayment of a Term Borrowing made pursuant to -------- Section 2.11(a) may be applied, at the Borrower (orBorrower's option, if the Borrower fails to so direct the application of any such prepaymentfirst, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section during the succeeding 12 months, in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e)and, then the portion of such prepayment not so declined shall be applied second, to reduce the subsequent remaining scheduled repayments of such the Term Borrowing Borrowings to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsratably. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m., New York City time, three Business Days before the scheduled date of such repayment; provided that each repayment of Term -------- Borrowings shall be applied to repay any outstanding ABR Term Borrowings before any other Term Borrowings. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 2 contracts

Samples: Credit Agreement (Eagle Family Foods Inc), Credit Agreement (Eagle Family Foods Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the The Borrower shall repay Tranche A Initial Term Loan Borrowings on each date set forth below, beginning with the date that is the last day Business Day of the first full fiscal quarter of Holdings after the Funding Date each March, June, September and December (it being understood that the Borrower shall not be required to make payments under this Section 2.10 commencing on any date that is prior to the Funding DateDecember 31, 2019) in the aggregate principal amount set forth opposite of Initial Term Loans equal to one quarter of one percent (0.25%) of the original principal amount of such date: Date Amount Initial Term Loans made on the Effective Date, as adjusted from time to time pursuant to Section 2.11(f). The Borrower shall repay 2020 Incremental Term Loan Borrowings on the last Business Day of each March, June, September and December 31(commencing on June 30, 2014 $ 2,625,000 2020) in the principal amount of 2020 Incremental Term Loans equal to one quarter of one percent (0.25%) of the original principal amount of such 2020 Incremental Term Loans made pursuant to Amendment No. 1, as adjusted from time to time pursuant to Section 2.11(f). The Borrower shall repay 2021 Incremental Term Loan Borrowings on the last Business Day of each March, June, September and December (commencing on September 30, 2021) in the principal amount of 2021 Incremental Term Loans equal to one quarter of one percent (0.25%) of the original principal amount of such 2021 Incremental Term Loans made pursuant to Amendment No. 5, as adjusted from time to time pursuant to Section 2.11(f). The Borrower shall repay 2021-2 Incremental Term Loan Borrowings on the last Business Day of each March, June, September and December (commencing on March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c2022) in the principal amount of this Section, the Borrower shall repay 2021-2 Incremental Term Loans equal to one quarter of any Class one percent (0.25%) of the original principal amount of such 2021-2 Incremental Term Loans made pursuant to Amendment No. 6, as provided in the applicable Incremental Facility Amendment. (b) adjusted from time to time pursuant to Section 2.11(f). To the extent not previously paid, (i) all Tranche A Initial Term Loans, all 2020 Incremental Term Loans and all 2021 Incremental Term Loans shall be due and payable by the Borrower on the Tranche A Initial Term Loan Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (cb) Any prepayment of a Term Borrowing All repayment obligations under this Section 2.10 shall be reduced by the amount of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be prepayments made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, 2.11 in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsmanner specified therein. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 2 contracts

Samples: Credit Agreement (GoHealth, Inc.), Credit Agreement (GoHealth, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Dollar Term Borrowings denominated in dollars on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount of Dollar Term Loans equal to (i) the aggregate outstanding principal amount of Dollar Term Loans immediately after closing on the Effective Date multiplied by (ii) the percentage set forth below opposite such date: Date Amount March 31, 2010 1.25% June 30, 2010 1.25% September 30, 2010 1.25% December 31, 2014 $ 2,625,000 2010 1.25% March 31, 2015 $ 2,625,000 2011 2.50% June 30, 2015 $ 2,625,000 2011 2.50% September 30, 2015 $ 2,625,000 2011 2.50% December 30, 2011 2.50% March 30, 2012 2.50% June 29, 2012 2.50% September 28, 2012 2.50% December 31, 2015 $ 3,500,000 2012 2.50% March 29, 2013 6.25% June 28, 2013 6.25% September 30, 2013 6.25% December 30, 2013 6.25% March 31, 2016 $ 3,500,000 2014 12.50% June 30, 2016 $ 3,500,000 2014 12.50% September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A 2014 12.50% Term Loan Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.12.50% (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class (i) pursuant to Section 2.11(a) shall be applied to reduce the subsequent scheduled and outstanding repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower and (or, if the Borrower fails ii) pursuant to so direct the application of any such prepayment, such prepayment Section 2.11(c) or 2.11(d) shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled outstanding repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on Section, or, except as otherwise provided in any Refinancing Amendment, pursuant to the amount corresponding section of such Refinancing Amendment, (x) first, in direct order of maturity to the next four scheduled and outstanding repayments, and (y) second, ratably to the remaining scheduled and outstanding repayments. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile delivery or other electronic imagingfacsimile) of such selection election not later than 11:00 a.m.2:00 p.m., New York City timeLocal Time, three one Business Days Day before the scheduled date of such repayment. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.16. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 2 contracts

Samples: Credit Agreement (Skype S.a r.l.), Credit Agreement (Skype S.a r.l.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this SectionSection 2.10(d), the Borrower shall repay Tranche A B Term Loan Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: date (as adjusted from time to time pursuant to Section 2.10(d)): Date Amount June 30, 2007 $ 1,075,000 September 30, 2007 $ 1,075,000 December 31, 2014 2007 $ 2,625,000 1,075,000 March 30, 2008 $ 1,075,000 June 30, 2008 $ 1,075,000 September 30, 2008 $ 1,075,000 December 31, 2008 $ 1,075,000 March 31, 2015 2009 $ 2,625,000 1,075,000 June 30, 2015 2009 $ 2,625,000 1,075,000 September 30, 2015 2009 $ 2,625,000 1,075,000 December 31, 2015 2009 $ 3,500,000 1,075,000 March 31, 2016 2010 $ 3,500,000 1,075,000 June 30, 2016 2010 $ 3,500,000 1,075,000 September 30, 2016 2010 $ 3,500,000 1,075,000 December 31, 2016 2010 $ 3,500,000 1,075,000 March 31, 2017 2011 $ 3,500,000 1,075,000 June 30, 2017 2011 $ 3,500,000 1,075,000 September 30, 2017 2011 $ 3,500,000 1,075,000 December 31, 2017 2011 $ 5,250,000 1,075,000 March 31, 2018 2012 $ 5,250,000 1,075,000 June 30, 2018 2012 $ 5,250,000 1,075,000 September 30, 2018 2012 $ 5,250,000 1,075,000 December 31, 2018 2012 $ 20,125,000 1,075,000 March 31, 2019 2013 $ 20,125,000 1,075,000 June 30, 2019 2013 $ 20,125,000 1,075,000 September 30, 2013 $ 1,075,000 December 31, 2013 $ 1,075,000 Tranche A B Maturity Date $ 20,125,000 400,975,000 (b) Subject to adjustment pursuant to paragraph (c) of this SectionSection 2.10(d), the Borrower shall repay Incremental Delayed Draw Term Loans Loan Borrowings in quarterly installments equal to 0.25% per quarter on the last day of any Class each quarter after the end of the Delayed Draw Availability Period with the balance payable on the Delayed Draw Maturity Date (as provided in the applicable Incremental Facility Amendmentadjusted from time to time pursuant to Section 2.10(d)). (bc) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A Term B Maturity Date and (ii) all Incremental Delayed Draw Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDelayed Draw Maturity Date. (cd) Any mandatory prepayment of a Term Loan Borrowing of any Class shall be applied to reduce reduce, in the subsequent direct order of maturity, the scheduled repayments of the Term Loan Borrowings of such Class to be made pursuant to this Section 2.10 on the scheduled payment dates next following the date of such prepayment, unless and until each such scheduled repayment has been eliminated as a result of reductions hereunder. Any optional prepayment of a Term Loan Borrowing shall be applied as directed in writing by the Borrower to do one of the following: (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied i) to reduce in the subsequent direct order of maturity the scheduled repayments of the Term Loan Borrowings of the applicable Class to be made pursuant to this Section 2.10, (ii) to reduce in direct the inverse order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent maturity the scheduled repayments as provided in of the applicable Incremental Facility Amendment, (B) any prepayment of Term Loan Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied 2.10 or (iii) to reduce ratably the subsequent remaining scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsLoan Borrowings. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 2 contracts

Samples: Credit Agreement (United Surgical Partners International Inc), Credit Agreement (Usp Mission Hills, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this SectionSection 2.10, the Borrower shall repay Tranche A Initial Term Borrowings Loans on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date each March, June, September and December (it being understood that the Borrower shall not be required to make payments under this Section 2.10 commencing on any date that is prior to the Funding DateMarch 31, 2020) in the aggregate principal amount set forth opposite of Term Loans as follows (subject to reduction in accordance with the terms of Section 2.10(c) below); provided that if any such datedate is not a Business Day, such payment shall be due on the next preceding Business Day: Date Amount March 31, 2020 $ 0.00 June 30, 2020 $ 0.00 September 30, 2020 $ 0.00 December 31, 2014 2020 $ 2,625,000 0.00 March 31, 2015 2021 $ 2,625,000 0.00 June 30, 2015 2021 $ 2,625,000 0.00 September 30, 2015 2021 $ 2,625,000 0.00 December 31, 2015 2021 $ 3,500,000 0.00 March 31, 2016 2022 $ 3,500,000 0.00 June 30, 2016 2022 $ 3,500,000 0.00 September 30, 2016 2022 $ 3,500,000 0.00 December 31, 2016 2022 $ 3,500,000 0.00 March 31, 2017 2023 $ 3,500,000 0.00 June 30, 2017 2023 $ 3,500,000 0.00 September 30, 2017 2023 $ 3,500,000 0.00 December 31, 2017 2023 $ 5,250,000 0.00 March 31, 2018 2024 $ 5,250,000 0.00 June 30, 2018 2024 $ 5,250,000 September 300.00 provided, 2018 $ 5,250,000 December 31further, 2018 $ 20,125,000 March 31that notwithstanding the foregoing, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment as a result of adjustments made pursuant to paragraph (c) of this SectionSection 2.10 prior to the Amendment No. 4 Effective Date, the Borrower shall repay Incremental Term Loans of any Class as provided amortization payments otherwise required pursuant to the table in this Section 2.10(a) have been satisfied, and no such amortization payments following the applicable Incremental Facility AmendmentAmendment No. 4 Effective Date are required. (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class (i) pursuant to Section 2.11(a) shall be applied to reduce the subsequent scheduled and outstanding repayments of the Term Borrowings of such Class to be made pursuant to this Section 2.10 as directed in writing by the Administrative Borrower (or, if the Borrower fails and absent such direction in direct order of maturity) and (ii) pursuant to so direct the application of any such prepayment, such prepayment Section 2.11(c) or 2.11(d) shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled outstanding repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on 2.10, or, in each case except as otherwise provided in any Incremental Amendment, Refinancing Amendment or Loan Modification Agreement, pursuant to the amount corresponding section of such scheduled repaymentsIncremental Amendment, Refinancing Amendment or Loan Modification Agreement, as applicable, as directed by the Administrative Borrower and, in the absence of such direction, in direct order of maturity (including any Incremental Facility). (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, the Administrative 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, facsimile or other electronic imaging) transmission of such selection election not later than 11:00 a.m.2:00 p.m., New York City time, three one (1) Business Days Day before the scheduled date of such repayment. In the absence of a designation by the Administrative Borrower as described in the preceding sentence, the Administrative Agent shall make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.16 and shall be applied in direct order of maturity. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Repricing Amendment (Simply Good Foods Co)

Amortization of Term Loans. (a) Subject The Borrower shall repay Term Borrowings on the last day of each December, March, June and September, beginning with March 31, 2013 and ending with the last such day to adjustment occur prior to the Term Maturity Date, and on the Term Maturity Date, in an aggregate principal amount for each such date equal to the amount set forth opposite such date in the table below (as such amount may be adjusted pursuant to the next following sentence and paragraph (c) of this Section): Schedule Repayment Date Repayment Amount March 31, 2013 $ 17,500,000 June 30, 2013 17,500,000 September 30, 2013 17,500,000 December 31, 2013 17,500,000 March 31, 2014 17,500,000 June 30, 2014 17,500,000 September 30, 2014 17,500,000 December 31, 2014 17,500,000 March 31, 2015 17,500,000 June 30, 2015 17,500,000 September 30, 2015 17,500,000 December 31, 2015 17,500,000 March 31, 2016 17,500,000 June 30, 2016 17,500,000 Term Maturity Date 455,000,000 Notwithstanding the foregoing, if the aggregate principal amount of the Term Loans borrowed on or prior to the Term Commitment Expiration Date is less than $700,000,000, then the scheduled amortization payments in the table above will be automatically reduced on a pro rata basis by multiplying such amounts by a percentage, the numerator of which is the aggregate amount of such Term Loan Borrowings so made and the denominator of which is $700,000,000. The Borrower shall repay Incremental Term Loans of any Series in such amounts and on such date or dates as shall be specified therefor in the Incremental Facility Agreement establishing the Incremental Term Commitments of such Series (as such amounts may be adjusted pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment or pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable such Incremental Facility AmendmentAgreement). (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the Incremental Term Maturity Date applicable Incremental Facility Amendmentthereto. (c) Any prepayment of a Term Borrowing of any Class shall be applied applied, first, in direct order to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by during the Borrower (or, if next eight fiscal quarters following the Borrower fails to so direct the application date of any such prepayment, such prepayment shall be applied and, then, to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the remaining subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments; provided that any prepayment of a Term Borrowing of any Class made pursuant to Section 2.11(a) shall be applied to reduce the subsequent scheduled repayments of Term Borrowings of such Class to be made pursuant to this Section as directed by the Borrower. In the event that Term Loans of any Class are converted into a new Class of Term Loans pursuant to a Permitted Amendment effected pursuant to Section 2.22, then the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section will not be reduced or otherwise affected by such transaction (except to the extent that the final scheduled payment shall be reduced thereby). (d) Prior to any repayment of any Term Borrowings 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, facsimile delivery or other electronic imagingfacsimile) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount amounts repaid.

Appears in 1 contract

Samples: Credit Agreement (NCR Corp)

Amortization of Term Loans. (a) Subject The Company shall repay Term Borrowings on the last day of each September, December, March and June, beginning with June 30, 2016 and ending with the last such day to adjustment occur prior to the Term Maturity Date, and on the Term Maturity Date, in an aggregate principal amount for each such date equal to the amount set forth opposite such date in the table below (as such amount may be adjusted pursuant to the next following sentence and paragraph (c) of this Section): Schedule Repayment Date Repayment Amount June 30, 2016 $ 11,250,000 September 30, 2016 $ 11,250,000 December 31, 2016 $ 11,250,000 March 31, 2017 $ 11,250,000 June 30, 2017 $ 11,250,000 September 30, 2017 $ 11,250,000 December 31, 2017 $ 11,250,000 March 31, 2018 $ 11,250,000 June 30, 2018 $ 16,875,000 September 30, 2018 $ 16,875,000 December 31, 2018 $ 16,875,000 March 31, 2019 $ 16,875,000 June 30, 2019 $ 22,500,000 September 30, 2019 $ 22,500,000 December 31, 2019 $ 22,500,000 March 31, 2020 $ 22,500,000 June 30, 2020 $ 22,500,000 September 30, 2020 $ 22,500,000 December 31, 2020 $ 22,500,000 Term Maturity Date $ 585,000,000 Notwithstanding the foregoing, if the aggregate principal amount of the Term Loans borrowed on the Effective Date is less than $900,000,000, then the scheduled amortization payments in the table above will be automatically reduced on a pro rata basis by multiplying such amounts by a percentage, the numerator of which is the aggregate amount of such Term Borrowings so made and the denominator of which is $900,000,000. The Company shall repay Incremental Term Loans of any Series in such amounts and on such date or dates as shall be specified therefor in the Incremental Facility Agreement establishing the Incremental Term Commitments of such Series (as such amounts may be adjusted pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment or pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable such Incremental Facility AmendmentAgreement). (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the Incremental Term Maturity Date applicable Incremental Facility Amendmentthereto. (c) Any prepayment of a Term Borrowing of any Class shall be applied applied, first, in direct order to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by during the Borrower (or, if next eight fiscal quarters following the Borrower fails to so direct the application date of any such prepayment, such prepayment shall be applied and, then, to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the remaining subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments; provided that any prepayment of a Term Borrowing of any Class made pursuant to Section 2.10(a) shall be applied to reduce the subsequent scheduled repayments of Term Borrowings of such Class to be made pursuant to this Section as directed by the Company. In the event that Term Loans of any Class are converted into a new Class of Term Loans pursuant to a Permitted Amendment effected pursuant to Section 2.21, then the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section will not be reduced or otherwise affected by such transaction (except to the extent that the final scheduled payment shall be reduced thereby). (d) Prior to any repayment of any Term Borrowings of any Class under this Section, the Borrower Company 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, facsimile delivery or other electronic imagingfacsimile) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount amounts repaid.

Appears in 1 contract

Samples: Credit Agreement (NCR Corp)

Amortization of Term Loans. (a) Subject to adjustment -------------------------- pursuant to paragraph (ce) of this Section, the Borrower shall repay Tranche A B Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December 31---- ------ October 15, 2014 $ 2,625,000 March 311999 $500,000 April 15, 2015 $ 2,625,000 June 302000 $500,000 October 15, 2015 $ 2,625,000 September 302000 $500,000 April 15, 2015 $ 2,625,000 December 312001 $500,000 October 15, 2015 $ 3,500,000 March 312001 $500,000 April 15, 2016 $ 3,500,000 June 302002 $500,000 October 15, 2016 $ 3,500,000 September 302002 $500,000 April 15, 2016 $ 3,500,000 December 312003 $500,000 October 15, 2016 $ 3,500,000 March 312003 $500,000 April 15, 2017 $ 3,500,000 June 302004 $500,000 October 15, 2017 $ 3,500,000 September 302004 $30,000,000 April 15, 2017 $ 3,500,000 December 312005 $30,000,000 October 15, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 2005 $30,000,000 Tranche A B Maturity Date $ 20,125,000 $30,000,000 (i) Subject to adjustment pursuant to paragraph (ce) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided Delayed Draw I Borrowings on each date set forth below in the applicable Incremental Facility Amendment.aggregate principal amount set forth opposite such date: Date Amount ---- ------ April 15, 2000 $500,000 October 15, 2000 $500,000 April 15, 2001 $500,000 October 15, 2001 $500,000 April 15, 2002 $500,000 October 15, 2002 $500,000 April 15, 2003 $500,000 October 15, 2003 $500,000 Delayed Draw Maturity Date $46,000,000 (bii) Subject to adjustment pursuant to paragraph (e) of this Section, the Borrower shall repay Delayed Draw II Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: Date Amount ---- ------ October 15, 2001 $500,000 April 15, 2002 $500,000 October 15, 2002 $500,000 April 15, 2003 $500,000 October 15, 2003 $500,000 Delayed Draw Maturity Date $72,500,000 (c) Subject to adjustment pursuant to paragraph (e) of this Section, the Borrower shall repay Deferred Term Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: Date Amount ---- ------ October 15, 2001 $500,000 April 15, 2002 $500,000 October 15, 2002 $500,000 April 15, 2003 $500,000 October 15, 2003 $500,000 Deferred Term Maturity Date $87,500,000 (d) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A Term B Maturity Date and Date, (ii) all Incremental Deferred Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility Amendment. (c) Any prepayment of a Deferred Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.Maturity Date and

Appears in 1 contract

Samples: Credit Agreement (Advance Stores Co Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A B Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount June 30, 2010 $ 1,250,000 September 30, 2010 $ 1,250,000 December 31, 2010 $ 1,250,000 March 31, 2011 $ 1,250,000 June 30, 2011 $ 1,250,000 September 30, 2011 $ 1,250,000 December 31, 2011 $ 1,250,000 March 31, 2012 $ 1,250,000 June 30, 2012 $ 1,250,000 September 30, 2012 $ 1,250,000 December 31, 2012 $ 1,250,000 March 31, 2013 $ 1,250,000 June 30, 2013 $ 1,250,000 September 30, 2013 $ 1,250,000 December 31, 2013 $ 1,250,000 March 31, 2014 $ 1,250,000 June 30, 2014 $ 1,250,000 September 30, 2014 $ 1,250,000 December 31, 2014 $ 2,625,000 1,250,000 March 31, 2015 $ 2,625,000 1,250,000 June 30, 2015 $ 2,625,000 1,250,000 September 30, 2015 $ 2,625,000 1,250,000 December 31, 2015 $ 3,500,000 1,250,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 1,250,000 Tranche A B Term Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment. 470,000,000 (b) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A B Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any optional or mandatory prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section or, except as directed otherwise provided in writing by any Incremental Facility Amendment, pursuant to the Borrower corresponding section of such Incremental Facility Amendment, (i) first, in direct order of maturity to the scheduled repayments occurring in the twelve months following the date of such prepayment and (ii) second, ratably to the remaining scheduled repayments (or, if in the case of any optional prepayment pursuant to Section 2.11(a), as the Borrower fails to so direct may direct). If the application initial aggregate amount of any such prepaymentthe Lenders’ Tranche B Term Commitments exceeds the aggregate principal amount of Tranche B Term Loans that are made on the Effective Date, such prepayment shall be applied to reduce then the subsequent scheduled repayments of the Tranche B Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied reduced ratably by an aggregate amount equal to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsexcess. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, the Borrower shall select the Borrowing or Borrowings of the applicable Class to be repaid and shall notify the Administrative Agent by telephone (confirmed in writing by hand delivery, facsimile delivery or other electronic imagingfacsimile) of such selection election 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Concerto Software (Japan) Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (ce) of this Section, the Borrower Term Loan Borrowers shall repay Tranche A B Term Borrowings Loans on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 2006 $ 2,625,000 650,000 March 31, 2015 2007 $ 2,625,000 650,000 June 30, 2015 2007 $ 2,625,000 650,000 September 30, 2015 2007 $ 2,625,000 650,000 December 31, 2015 2007 $ 3,500,000 650,000 March 31, 2016 2008 $ 3,500,000 650,000 June 30, 2016 2008 $ 3,500,000 650,000 September 30, 2016 2008 $ 3,500,000 650,000 December 31, 2016 2008 $ 3,500,000 650,000 March 31, 2017 2009 $ 3,500,000 650,000 June 30, 2017 2009 $ 3,500,000 650,000 September 30, 2017 2009 $ 3,500,000 650,000 December 31, 2017 2009 $ 5,250,000 650,000 March 31, 2018 2010 $ 5,250,000 650,000 June 30, 2018 2010 $ 5,250,000 650,000 September 30, 2018 2010 $ 5,250,000 650,000 December 31, 2018 2010 $ 20,125,000 650,000 March 31, 2019 2011 $ 20,125,000 650,000 June 30, 2019 2011 $ 20,125,000 650,000 September 30, 2011 $ 650,000 December 31, 2011 $ 650,000 March 31, 2012 $ 650,000 June 30, 2012 $ 650,000 September 30, 2012 $ 650,000 December 31, 2012 $ 650,000 March 31, 2013 $ 650,000 June 30, 2013 $ 650,000 Tranche A B Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section242,450,000 ; provided that if the Tranche B Maturity Date becomes February 28, 2012 in accordance with the definition thereof, the Borrower amount due on such date shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendmentbe $246,350,000. (b) The Incremental Term Loans, if any, of each Incremental Lender shall mature in installments as specified in the Incremental Term Loan Activation Notice pursuant to which such Incremental Term Loans were made; provided that prior to the Tranche B Maturity Date the amounts of such installments for any twelve consecutive months shall not exceed 1% of the aggregate principal amount of such Incremental Term Loans on the date such Loans were first made. (c) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A Term B Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentMaturity Date. (cd) Any prepayment of a Term Borrowing Loan of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings Loans of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails ratably; provided that any prepayment made pursuant to so direct the application of any such prepayment, such prepayment Section 2.11(a) shall be applied applied, first, to reduce the subsequent next two scheduled repayments of the Term Borrowings Loans of the applicable such Class due to be made within the next twelve months pursuant to this Section in direct order unless and until such next scheduled repayment has been eliminated as a result of maturity); provided reductions hereunder (provided, further, that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, prepayment that may be allocated as provided in this proviso may not exceed the event that the Term Loans greater of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans 50% of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on prepayment and the amount of such two scheduled repayments). Notwithstanding the foregoing, any prepayment of Eurocurrency Term Loans made pursuant to Section 2.11(a) on a date that is (x) the last day of an Interest Period and (y) no more than five days prior to a scheduled amortization payment pursuant this Section shall be applied, first, to reduce such scheduled payment, and any excess shall be applied as required by the first sentence of this Section 2.10(d). (de) Prior to any repayment of any Term Borrowings Loans of any either Class under this Sectionhereunder, the Parent Borrower (on behalf of itself and, in the case of Tranche B Term Loans, the applicable Subsidiary Term 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, facsimile or other electronic imagingtelecopy) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings Loans shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Trimas Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with below in a principal amount equal to the date that is percentage of the aggregate principal amount of Tranche A Term Loans outstanding on the last day of the first full fiscal quarter Tranche A Availability Period set forth opposite such date: September 30, 2003 5% December 31, 2003 5% March 31, 2004 5% June 30, 2004 10% September 30, 2004 10% December 31, 2004 15% March 31, 2005 15% June 30, 2005 15% Tranche A Maturity Date 20% (b) Subject to adjustment pursuant to paragraph (d) of Holdings after the Funding Date (it being understood that this Section, the Borrower shall not be required to make payments under this Section 2.10 repay Tranche B Term Borrowings on any each date that is prior to the Funding Date) set forth below in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 2003 $ 2,625,000 375,000 March 30, 2004 $ 375,000 June 31, 2004 $ 375,000 September 30, 2004 $ 375,000 December 31, 2004 $ 375,000 March 31, 2015 2005 $ 2,625,000 375,000 June 30, 2015 2005 $ 2,625,000 375,000 September 30, 2015 2005 $ 2,625,000 375,000 December 31, 2015 2005 $ 3,500,000 375,000 March 31, 2016 2006 $ 3,500,000 375,000 June 30, 2016 2006 $ 3,500,000 375,000 September 30, 2016 2006 $ 3,500,000 375,000 December 31, 2016 2006 $ 3,500,000 36,375,000 March 31, 2017 2007 $ 3,500,000 36,375,000 June 30, 2017 2007 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 36,375,000 Tranche A B Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph 36,375,000 (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment. (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Tranche B Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility Amendment.Tranche B Maturity Date. 28 (cd) Any prepayment of a Term Borrowing of any either Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by ratably. If the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments initial aggregate amount of the Lenders’ Term Borrowings Commitments of the applicable either Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), exceeds the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce that are outstanding on the subsequent last day of the Tranche A Term Availability Period, in the case of Tranche A Term Loans, or made on the Effective Date, in the case of Tranche B Term Loans, then the scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section shall be reduced ratably based on the by an aggregate amount of equal to such scheduled repaymentsexcess. (de) Prior to any repayment of any Term Borrowings of any either Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m.12:00 noon, New York City time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Exodus Communications Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount equal to the product of (i) the percentage set forth below opposite such datedate and (ii) the sum of (A) the aggregate principal amount of the Initial Term Loans made on the Effective Date and (B) if the Aurora Effective Date shall occur, the aggregate principal amount of Delayed Draw Term Loans made on the Aurora Effective Date: Date Amount ------------------ ------ June 30, 2004 0.25% September 30, 2004 0.25% December 31, 2014 $ 2,625,000 2004 0.25% March 31, 2015 $ 2,625,000 2005 0.25% June 30, 2015 $ 2,625,000 2005 0.25% September 30, 2015 $ 2,625,000 2005 0.25% December 31, 2015 $ 3,500,000 2005 0.25% March 31, 2016 $ 3,500,000 2006 0.25% June 30, 2016 $ 3,500,000 2006 0.25% September 30, 2016 $ 3,500,000 2006 0.25% December 31, 2016 $ 3,500,000 2006 0.25% March 31, 2017 $ 3,500,000 2007 0.25% June 30, 2017 $ 3,500,000 2007 0.25% September 30, 2017 $ 3,500,000 2007 0.25% December 31, 2017 $ 5,250,000 2007 0.25% Date Amount ------------------ ------ March 31, 2018 $ 5,250,000 2008 0.25% June 30, 2018 $ 5,250,000 2008 0.25% September 30, 2018 $ 5,250,000 2008 0.25% December 31, 2018 $ 20,125,000 2008 0.25% March 31, 2019 $ 20,125,000 2009 0.25% June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section2009 0.25% September 30, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.2009 0.25% December 31, 2009 0.25% March 31, 2010 23.50% June 30, 2010 23.50% September 30, 2010 23.50% November 25, 2010 23.75% (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Loan Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class shall be applied (i) in the case of prepayments made pursuant to Section 2.11(a), to reduce the remaining subsequent scheduled repayments of the Term Borrowings pursuant to this Section as directed by the Borrower and (ii) in the case of prepayments made pursuant to Section 2.11(c) or Section 2.11(d), to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsratably. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m., New York City time, (i) three Business Days before the scheduled date of such repaymentrepayment in the case of Eurodollar Borrowings or (ii) one Business Day before the scheduled date of repayment in the case of ABR Borrowings. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Sea Coast Foods, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this SectionSection 2.10(d), the Borrower shall repay Tranche A Non-Extended Term Loan Borrowings in installments on each date set forth belowMarch 31, beginning with the date that is the last day June 30, September 30 and December 31 of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) each year, in the aggregate principal amount set forth opposite such date: equal to (i) in the case of each installment due prior to the Non-Extended Term Loan Maturity Date, 0.25% of the aggregate principal amount of the Non-Extended Term Loans outstanding on the Effective Date Amount December 31and (ii) in the case of the installment due on the Non-Extended Term Loan Maturity Date, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject the entire remaining balance of the Non-Extended Term Loans (as adjusted from time to adjustment time pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment. (b) Section 2.10(d)). To the extent not previously paid, (i) all Tranche A Non-Extended Term Loans shall be due and payable on the Tranche A Non-Extended Term Loan Maturity Date. (b) Subject to adjustment pursuant to Section 2.10(d), the Borrower shall repay Extended Term Loan Borrowings in installments on each March 31, June 30, September 30 and December 31 of each year, in the aggregate principal amount equal to (i) in the case of each installment due prior to the Extended Term Loan Maturity Date, 0.25% of the aggregate principal amount of the Extended Term Loans outstanding on the Second Amendment Effective Date and (ii) all Incremental in the case of the installment due on the Extended Term Loan Maturity Date, the entire remaining balance of the Extended Term Loans of any Class (as adjusted from time to time pursuant to Section 2.10(d)). To the extent not previously paid, all Extended Term Loans shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentExtended Term Loan Maturity Date. (c) Subject to adjustment pursuant to Section 2.10(d), the Borrower shall repay New Tranche B Term Loan Borrowings in installments on each March 31, June 30, September 30 and December 31 of each year, in the aggregate principal amount equal to (i) in the case of each installment due prior to the New Tranche B Maturity Date, 0.25% of the aggregate principal amount of the New Tranche B Term Loans outstanding on the Second Amendment Effective Date and (ii) in the case of the installment due on the New Tranche B Maturity Date, the entire remaining balance of the New Tranche B Term Loans (as adjusted from time to time pursuant to Section 2.10(d)). To the extent not previously paid, all New Tranche B Term Loans shall be due and payable on the New Tranche B Maturity Date. (d) Any mandatory prepayment of a Term Loan Borrowing shall be (A) applied, at the Borrower’s option, either (I) to the Term Borrowings of each Class on a pro rata basis based on the respective amounts of the Term Loan Borrowings of each Class (except to the extent that any Class of Term Loans established pursuant to any Incremental Facility Amendment is entitled to receive a lesser share of any such prepayment pursuant to the terms of any Incremental Facility Amendment) or (II) (i) first to the Non-Extended Term Loans and second, to the Term Loan Borrowings of each other Class shall be applied on a pro rata basis based on the respective amounts of Term Loan Borrowings of each Class (except to reduce the subsequent extent that any Class of Term Loans established pursuant to any Incremental Facility Amendment is entitled to receive a lesser share of any such prepayment pursuant to the terms of any Incremental Facility Amendment) and to reduce, in the direct order of maturity, the scheduled repayments of the Term Loan Borrowings of such Class to be made pursuant to this Section as directed in writing by 2.10 on the Borrower (or, if scheduled payment dates next following the Borrower fails to so direct the application date of any such prepayment, unless and until each such scheduled repayment has been eliminated as a result of reductions hereunder and (B) paid to the Term Lenders of each Class on a pro rata basis in accordance with their respective holdings of Term Loans. Any optional prepayment of any Term Loan Borrowing of any Class of Term Loans permitted hereunder shall be applied to reduce (A) at the subsequent scheduled repayments of Borrower’s option, either (I) to the Term Borrowings of each Class on a pro rata basis based on the applicable respective amounts of the Term Loan Borrowings of each Class (except to be made the extent that any Class of Term Loans established pursuant to any Incremental Facility Amendment is entitled to receive a lesser share of any such prepayment pursuant to the terms of any Incremental Facility Amendment) or (II) (i) first, the Non-Extended Term Loans and second, to the Term Loan Borrowings of each other Class on a pro rata basis based on the respective amounts of Term Loan Borrowings of each Class (except to the extent that any Class of Term Loans established pursuant to any Incremental Facility Amendment is entitled to receive a lesser share of any such prepayment pursuant to the terms of any Incremental Facility Amendment) and (B) the remaining scheduled installments of principal thereof pursuant to this Section 2.10 in a manner determined at the discretion of the Borrower and specified in the notice of prepayment (and absent such direction, in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Shoreline Real Estate Partnership, LLP)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cb) of this Section, the Borrower shall repay Tranche A Term B-1 Loan Borrowings and, Term B-2 Loan Borrowings and Term B-3 Loan Borrowings on each date set forth below, beginning with the date that is the last day Business Day of each of March, June, September and December (commencing on December 31, 2019 in the case of Term B-2 Loans and commencing on September 30, 2021 in the case of Term B-3 Loans) in the amount equal to (i) in the case of the first full fiscal quarter Term B-1 Loans, (A) in the case of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is each such installment due prior to the Funding Term B-1 Loan Maturity Date, 0.25% of the aggregate original principal amount of the Term B-1 Loans outstanding as of the Third Amendment Effective Date (as reduced, to the extent applicable, prior to the Effective Date pursuant to the Existing Credit Agreement) and (B) in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A case of the installment due on the Term B-1 Loan Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this SectionDate, the Borrower shall repay Incremental entire remaining balance of the Term Loans of any Class as provided in the applicable Incremental Facility Amendment. (b) To the extent not previously paidB-1 Loan, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental in the case of the Term B-2 Loans, (A) in the case of each such installment due prior to the Term B-2 Loan Maturity Date, 0.25% of the aggregate original principal amount of the Term B-2 Loans outstanding as of any Class shall be the Effective Date and (B) in the case of the installment due and payable on the maturity date set forth Term B-2 Loan Maturity Date, the entire remaining balance of the Term B-2 Loan. and (iii) in the applicable Incremental Facility Amendment.case of the Term B-3 Loans, (A) in the case of each such installment due prior to the Term B-3 Loan Maturity Date, 0.25% of the aggregate original principal amount of the Term B-3 Loans outstanding as of the Third Amendment to Credit Agreement Effective Date and (B) in the case of the installment due on the Term B-3 Loan Maturity Date, the entire remaining balance of the Term (cb) Any prepayment of a Term Loan Borrowing of any Class (i) pursuant to Section 2.11(a)(i) shall be applied to reduce the subsequent scheduled and outstanding repayments of the Term Loan Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails and absent such direction in direct order of maturity) and (ii) pursuant to so direct the application of any such prepayment, such prepayment Section 2.11(c) shall be applied to reduce the subsequent scheduled and outstanding repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Loan Borrowings of such Class to be made pursuant to this Section ratably based on Section, or, except as otherwise provided in any Refinancing Amendment or Loan Modification Offer, pursuant to the amount corresponding section of such scheduled repaymentsRefinancing Amendment or Loan Modification Offer, as applicable, in direct order of maturity. (dc) Prior to any repayment of any Term Loan Borrowings of any Class under this Sectionhereunder, 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, facsimile delivery or other electronic imagingfacsimile) of such selection election not later than 11:00 a.m.2:00 p.m., New York City time, three two Business Days Day before the scheduled date of such repayment. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.16. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Loan Borrowings shall be accompanied by accrued interest on the amount repaid. (d) Notwithstanding anything to the contrary in this Agreement, if on any date (the “Test Date”) (x) the maturity date for any of the then outstanding Other Debt shall fall within 91 days of the Test Date, (y) an amount in excess of $200,000,000 of the outstanding principal amount of such Other Debt shall remain outstanding and (z) the First Lien Leverage Ratio is in excess of 2.50 to 1.00, then each Term B-1 Loan Maturity Date shall automatically be accelerated to the Test Date and all of the Term B-1 Loans shall thereupon be due and payable on the Test Date, together with all interest and fees accrued thereon or in respect thereof and any amounts payable pursuant hereto, including Sections 2.15, 2.16 and 2.17.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

Amortization of Term Loans. (a) Subject to adjustment --------------------------- pursuant to paragraph (cd) of this Section, the Borrower shall repay Tranche A B Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December 31---- ------ October 15, 2014 1999 $ 2,625,000 March 31500,000 April 15, 2015 2000 $ 2,625,000 June 30500,000 October 15, 2015 2000 $ 2,625,000 September 30500,000 April 15, 2015 2001 $ 2,625,000 December 31500,000 October 15, 2015 2001 $ 3,500,000 March 31500,000 April 15, 2016 2002 $ 3,500,000 June 30500,000 October 15, 2016 2002 $ 3,500,000 September 30500,000 April 15, 2016 2003 $ 3,500,000 December 31500,000 October 15, 2016 2003 $ 3,500,000 March 31500,000 April 15, 2017 2004 $ 3,500,000 June 30500,000 October 15, 2017 $ 3,500,000 September 302004 $30,000,000 April 15, 2017 $ 3,500,000 December 312005 $30,000,000 October 15, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 2005 $30,000,000 Tranche A B Maturity Date $ 20,125,000 $30,000,000 (i) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided Delayed Draw I Borrowings on each date set forth below in the applicable Incremental Facility Amendment.aggregate principal amount set forth opposite such date: Date Amount ---- ------ April 15, 2000 $ 500,000 October 15, 2000 $ 500,000 April 15, 2001 $ 500,000 October 15, 2001 $ 500,000 April 15, 2002 $ 500,000 October 15, 2002 $ 500,000 April 15, 2003 $ 500,000 October 15, 2003 $ 500,000 Delayed Draw Maturity Date $46,000,000 (bii) Subject to adjustment pursuant to paragraph (d) of this Section, the Borrower shall repay Delayed Draw II Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: Date Amount ---- ------ October 15, 2001 $ 500,000 April 15, 2002 $ 500,000 October 15, 2002 $ 500,000 April 15, 2003 $ 500,000 October 15, 2003 $ 500,000 Delayed Draw Maturity Date $72,500,000 (c) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A Term B Maturity Date and (ii) all Incremental Term Delayed Draw Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDelayed Draw Maturity Date. (cd) If the initial aggregate amount of the Lenders' (i) Tranche B Commitments exceeds the aggregate principal amount of Tranche B Term Loans that are made on the Effective Date, (ii) Delayed Draw I Commitments exceeds the aggregate principal amount of Delayed Draw I Loans that are made during the Delayed Draw I Availability Period or (iii) Delayed Draw II Commitments exceeds the aggregate principal amount of Delayed Draw II Loans that are made during the Delayed Draw II Availability Period, then the scheduled repayments of Tranche B Borrowings, Delayed Draw I Borrowings or Delayed Draw II Borrowings, as the case may be, to be made pursuant to this Section shall be reduced ratably by an aggregate amount equal to such excess. Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower reverse chronological order; provided that any prepayment made pursuant to Section -------- 2.11 (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment a) shall be applied applied, first, to reduce the subsequent next scheduled repayments of the Term Borrowings of the applicable such Class to be made pursuant to this Section in direct order of maturity); provided that (A) any chronological order, to the extent such repayments are scheduled to be due within 12 months after such prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent is made, until such next scheduled repayments have been eliminated as provided in the applicable Incremental Facility Amendmenta result of reductions hereunder and, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e)second, then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsin reverse chronological order. (de) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m., New York City time, three Business Days before the scheduled date of such repayment; provided that each repayment of Term Borrowings of any Class shall be -------- applied to repay any outstanding ABR Term Borrowings of such Class before any other Borrowings of such Class. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Laralev Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this SectionSection 2.10, the Borrower shall repay Tranche Term A Term Borrowings on the last Business Day of each date set forth below, calendar quarter beginning with the date that is fiscal quarter ending September 30, 2021 in an aggregate amount equal to the last day amortization percentage set forth below of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) in the initial aggregate principal amount set forth opposite such date: Date Amount of the Term A Loan. The Borrower shall pay the entire remaining unpaid principal amount of the Term A Loan on the Term A Maturity Date. Installment Amortization Percentage September 30, 2021 1.25 % December 31, 2014 $ 2,625,000 2021 1.25 % March 31, 2015 $ 2,625,000 2022 1.25 % June 30, 2015 $ 2,625,000 2022 1.25 % September 30, 2015 $ 2,625,000 2022 1.25 % December 31, 2015 $ 3,500,000 2022 1.25 % March 31, 2016 $ 3,500,000 2023 1.25 % June 30, 2016 $ 3,500,000 2023 1.25 % September 30, 2016 $ 3,500,000 2023 1.875 % December 31, 2016 $ 3,500,000 2023 1.875 % March 31, 2017 $ 3,500,000 2024 1.875 % June 30, 2017 $ 3,500,000 2024 1.875 % September 30, 2017 $ 3,500,000 2024 1.875 % December 31, 2017 $ 5,250,000 2024 1.875 % March 31, 2018 $ 5,250,000 2025 1.875 % June 30, 2018 $ 5,250,000 2025 1.875 % September 30, 2018 $ 5,250,000 2025 2.50 % December 31, 2018 $ 20,125,000 2025 2.50 % March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche 2026 2.50 % Term A Maturity Date $ 20,125,000 Remainder (b) Subject to adjustment pursuant to paragraph (c) of this SectionSection 2.10, the Borrower shall repay Incremental Term Loans of any Class shall mature in consecutive installments (which shall be no more frequent than quarterly) as provided specified in the applicable Incremental Facility Amendment. (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Amendment pursuant to which such Incremental Term Loans of any Class were made (as such amount shall be due and payable on the maturity date set forth in the applicable Incremental Facility Amendmentadjusted pursuant to Section 2.17(b)). (c) Any optional prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied as directed by the Borrower. Any mandatory prepayment of Term Loans shall be applied pro rata among the Term Facilities then outstanding (unless any Incremental Term Facility has elected a less than ratable treatment in the applicable Incremental Amendment) and, within each Term Facility ratably to the Loans included in such prepaid Borrowing as may be directed by the repaid Term Borrowing. Repayments Borrower and, in the absence of Term Borrowings shall be accompanied by accrued interest on such direction, to the amount repaidinstallments in direct order of maturity.

Appears in 1 contract

Samples: Credit Agreement (Deluxe Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the BC Borrower shall repay Tranche A D Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount June 30, 2005 $ 2,100,000 September 30, 2005 $ 2,100,000 December 31, 2014 2005 $ 2,625,000 2,100,000 March 31, 2015 2006 $ 2,625,000 2,100,000 June 30, 2015 2006 $ 2,625,000 2,100,000 September 30, 2015 2006 $ 2,625,000 2,100,000 December 31, 2015 2006 $ 3,500,000 2,100,000 March 31, 2016 2007 $ 3,500,000 2,100,000 June 30, 2016 2007 $ 3,500,000 2,100,000 September 30, 2016 2007 $ 3,500,000 2,100,000 December 31, 2016 2007 $ 3,500,000 2,100,000 March 31, 2017 2008 $ 3,500,000 2,100,000 June 30, 2017 2008 $ 3,500,000 2,100,000 September 30, 2017 2008 $ 3,500,000 2,100,000 December 31, 2017 2008 $ 5,250,000 2,100,000 March 31, 2018 2009 $ 5,250,000 2,100,000 June 30, 2018 2009 $ 5,250,000 2,100,000 September 30, 2018 2009 $ 5,250,000 2,100,000 December 31, 2018 2009 $ 20,125,000 2,100,000 March 31, 2019 2010 $ 20,125,000 2,100,000 June 30, 2019 2010 $ 20,125,000 2,100,000 September 30, 2010 $ 2,100,000 March 31, 2011 $ 396,900,000 Tranche A D Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.396,900,000 (b) To the extent not previously paid, (i) paid all Tranche A D Term Loans shall be due and payable on the Tranche A Term D Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Tranche D Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Tranche D Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in the direct chronological order of maturity); provided that (A) any prepayment . If the initial aggregate amount of any Class the Lenders’ Tranche D Commitments exceeds the aggregate principal amount of Incremental Tranche D Term Borrowings shall be applied to subsequent scheduled repayments as provided in Loans made on the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e)First Restatement Effective Date, then the portion of such prepayment not so declined shall be applied to reduce the subsequent scheduled repayments of such Tranche D Term Borrowing Borrowings to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied reduced ratably by an aggregate amount equal to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsexcess. (d) Prior to any repayment of any Tranche D Term Borrowings of any Class under this Sectionhereunder, the BC 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, facsimile or other electronic imagingtelecopy) 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 Tranche D Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Tranche D Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Boise Cascade Holdings, L.L.C.)

Amortization of Term Loans. As of the Third Amendment Effective Date, the aggregate principal amount of the outstanding Tranche B Term Loans is $[ ]. (a) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay the Tranche A B Term Borrowings Loan on each date set forth below, beginning with below in the date that is principal amount equal to the last day aggregate amount of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) in the aggregate principal amount Tranche B Term Loans set forth opposite such date: Date Amount Installment September 30,2005 $ 475,000 December 31, 2014 2005 $ 2,625,000 475,000 March 31, 2015 2006 $ 2,625,000 475,000 June 30, 2015 2006 $ 2,625,000 475,000 September 30, 2015 2006 $ 2,625,000 475,000 December 31, 2015 2006 $ 3,500,000 475,000 March 31, 2016 2007 $ 3,500,000 475,000 June 30, 2016 2007 $ 3,500,000 475,000 September 30, 2016 2007 $ 3,500,000 475,000 December 31, 2016 2007 $ 3,500,000 475,000 March 31, 2017 2008 $ 3,500,000 475,000 June 30, 2017 2008 $ 3,500,000 475,000 September 30, 2017 2008 $ 3,500,000 475,000 December 31, 2017 2008 $ 5,250,000 475,000 March 31, 2018 2009 $ 5,250,000 475,000 June 30, 2018 2009 $ 5,250,000 475,000 September 30, 2018 2009 $ 5,250,000 [ ] December 31, 2018 2009 $ 20,125,000 [ ] March 31, 2019 2010 $ 20,125,000 [ ] Date Installment June 30, 2019 2010 $ 20,125,000 [ ] September 30, 2010 $ [ ] December 31, 2010 $ [ ] March 31, 2011 $ [ ] June 30, 2011 $ [ ] September 30, 2011 $ [ ] December 31, 2011 $ [ ] March 31, 2012 $ [ ] June 30, 2012 $ [ ] September 30, 2012 $ [ ] December 31, 2012 $ [ ] March 31, 2013 $ [ ] Tranche A B Term Loan Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.[ ] (b) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A B Term Loan Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a the Tranche B Term Borrowing of any Class Loans shall be applied to reduce the subsequent scheduled repayments of the Tranche B Term Borrowings of such Class Loans to be made pursuant to this Section as directed in writing by ratably. If the Borrower (oraggregate amount of the Lenders’ Tranche B Term Loan Commitments exceeds the aggregate principal amount of the Tranche B Term Loans that are made on the Closing Date, if then the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Tranche B Term Borrowings of the applicable Class Loans to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied reduced ratably by an aggregate amount equal to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsexcess. (d) Prior to any repayment of any the Tranche B Term Borrowings of any Class under this SectionLoans hereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m.12:00 noon, New York City time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of the Tranche B Term Borrowings Loans shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Afc Enterprises Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A B Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2007 $ 1,000,000 March 31, 2008 $ 1,000,000 June 30, 2008 $ 1,000,000 September 30, 2008 $ 1,000,000 December 31, 2008 $ 1,000,000 March 31, 2009 $ 1,000,000 June 30, 2009 $ 1,000,000 September 30, 2009 $ 1,000,000 December 31, 2009 $ 1,000,000 March 31, 2010 $ 1,000,000 June 30, 2010 $ 1,000,000 September 30, 2010 $ 1,000,000 December 31, 2010 $ 1,000,000 March 31, 2011 $ 1,000,000 June 30, 2011 $ 1,000,000 September 30, 2011 $ 1,000,000 December 31, 2011 $ 1,000,000 March 31, 2012 $ 1,000,000 June 30, 2012 $ 1,000,000 September 30, 2012 $ 1,000,000 December 31, 2012 $ 1,000,000 March 31, 2013 $ 1,000,000 June 30, 2013 $ 94,000,000 September 30, 2013 $ 94,000,000 December 31, 2013 $ 94,000,000 March 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 94,000,000 Tranche A B Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.2,000,000 (b) To the extent not previously paid, (i) paid all Tranche A B Term Loans shall be due and payable on the Tranche A Term B Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class shall be applied (i) in the case of prepayments made pursuant to Section 2.11(a), to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section or, except as otherwise provided in any Incremental Facility Amendment, pursuant to the corresponding section of such Incremental Facility Amendment, as directed in writing by the Borrower Borrower, and (orii) in the case of prepayments made pursuant to Sections 2.11(c) and (d), if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments prepayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based or, except as otherwise provided in any Incremental Facility Amendment, pursuant to the corresponding section of such Incremental Facility Amendment, in direct order of maturity to the scheduled repayments. If the initial aggregate amount of the Lenders’ Tranche B Commitments exceeds the aggregate principal amount of Tranche B Term Loans that are made on the Effective Date, then the scheduled repayments of Tranche B Term Borrowings to be made pursuant to this Section shall be reduced ratably by an aggregate amount of equal to such scheduled repaymentsexcess. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection election 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued and unpaid interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Palm Inc)

Amortization of Term Loans. (ai) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay Tranche A Term Loan Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2012 $ 6,437,500 March 31, 2013 $ 6,437,500 June 30, 2013 $ 6,437,500 September 30, 2013 $ 6,437,500 December 31, 2013 $ 12,875,000 March 31, 2014 $ 2,625,000 12,875,000 June 30, 2014 $ 12,875,000 September 30, 2014 $ 12,875,000 December 31, 2014 $ 19,312,500 March 31, 2015 $ 2,625,000 19,312,500 June 30, 2015 $ 2,625,000 19,312,500 September 30, 2015 $ 2,625,000 19,312,500 December 31, 2015 $ 3,500,000 25,750,000 March 31, 2016 $ 3,500,000 25,750,000 June 30, 2016 $ 3,500,000 25,750,000 September 30, 2016 $ 3,500,000 25,750,000 December 31, 2016 $ 3,500,000 32,187,500 March 31, 2017 $ 3,500,000 32,187,500 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 32,187,500 Tranche A Maturity Date $ 20,125,000 675,937,500 (ii) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay Incremental Tranche B Term Loan Borrowings on the last day of each March, June, September and December (commencing with December 31, 2012) in the principal amount equal to (i) the aggregate principal amount of Tranche B Term Loans of any Class as provided in outstanding immediately after closing on the applicable Incremental Facility AmendmentClosing Date multiplied by (ii) 0.25%. (b) To the extent not previously paid, paid (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Tranche B Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentTranche B Maturity Date. (c) Any prepayment of Term Loans (other than pursuant to Section 2.11(a)) shall be applied ratably to the Tranche A Term Loans and Tranche B Term Loans according to the respective outstanding principal amounts of the respective Term Loans then held by the Term Lenders. Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section or, except as otherwise provided in any Incremental Facility Amendment, pursuant to the corresponding section of such Incremental Facility Amendment, (i) in the case of prepayments pursuant to Section 2.11(a), to reduce the remaining scheduled repayments of Term Borrowings pursuant to this Section as directed in writing by the Borrower and (orii) in the case of prepayments pursuant to Section 2.11(c) or 2.11(d), if (A) first, to reduce, in direct order of maturity, the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order on the four consecutive scheduled payment dates next following the date of maturity); provided that such prepayment unless and until each such scheduled repayment has been eliminated as a result of reductions thereunder and (AB) any prepayment second, to reduce ratably the remaining scheduled repayments of the Term Borrowings. If the initial aggregate amount of the Lenders’ Term Commitments of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), exceeds the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce that are made on the subsequent Closing Date, then the scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section shall be reduced ratably based on the by an aggregate amount of equal to such scheduled repaymentsexcess. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection election 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Burger King Worldwide, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay the Tranche A B Term Borrowings Loan on each date set forth below, beginning with below in the date that is principal amount equal to the last day aggregate amount of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) in the aggregate principal amount Tranche B Term Loans set forth opposite such date: Date Amount Installment ---- ------------ September 30, 2005 $ 475,000 December 31, 2014 2005 $ 2,625,000 475,000 March 31, 2015 2006 $ 2,625,000 475,000 June 30, 2015 2006 $ 2,625,000 475,000 September 30, 2015 2006 $ 2,625,000 475,000 December 31, 2015 2006 $ 3,500,000 475,000 March 31, 2016 2007 $ 3,500,000 475,000 June 30, 2016 2007 $ 3,500,000 475,000 September 30, 2016 2007 $ 3,500,000 475,000 December 31, 2016 2007 $ 3,500,000 475,000 March 31, 2017 2008 $ 3,500,000 475,000 June 30, 2017 2008 $ 3,500,000 475,000 September 30, 2017 2008 $ 3,500,000 475,000 December 31, 2017 2008 $ 5,250,000 475,000 March 31, 2018 2009 $ 5,250,000 475,000 June 30, 2018 2009 $ 5,250,000 475,000 September 30, 2018 2009 $ 5,250,000 475,000 December 31, 2018 2009 $ 20,125,000 475,000 March 31, 2019 2010 $ 20,125,000 475,000 June 30, 2019 2010 $ 20,125,000 475,000 September 30, 2010 $ 45,125,000 December 31, 2010 $ 45,125,000 March 31, 2010 $ 45,125,000 Tranche A B Term Loan Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.45,125,000 (b) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A B Term Loan Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a the Tranche B Term Borrowing of any Class Loans shall be applied to reduce the subsequent scheduled repayments of the Tranche B Term Borrowings of such Class Loans to be made pursuant to this Section as directed in writing by ratably. If the Borrower (oraggregate amount of the Lenders' Tranche B Term Loan Commitments exceeds the aggregate principal amount of the Tranche B Term Loans that are made on the Closing Date, if then the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Tranche B Term Borrowings of the applicable Class Loans to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied reduced ratably by an aggregate amount equal to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsexcess. (d) Prior to any repayment of any the Tranche B Term Borrowings of any Class under this SectionLoans hereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m.12:00 noon, New York City time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of the Tranche B Term Borrowings Loans shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Afc Enterprises Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this SectionSection 2.10, the Borrower shall repay Tranche A C Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount date (each such date being called an “Installment Date”): September 30, 2007 $ 2,150,000 December 31, 2007 $ 2,150,000 March 31, 2008 $ 2,150,000 June 30, 2008 $ 2,150,000 September 30, 2008 $ 2,150,000 December 31, 2008 $ 2,150,000 March 31, 2009 $ 2,150,000 June 30, 2009 $ 2,150,000 September 30, 2009 $ 2,150,000 December 31, 2009 $ 2,150,000 March 31, 2010 $ 2,150,000 June 30, 2010 $ 2,150,000 September 30, 2010 $ 2,150,000 December 31, 2010 $ 2,150,000 March 31, 2011 $ 2,150,000 June 30, 2011 $ 2,150,000 September 30, 2011 $ 2,150,000 December 31, 2011 $ 2,150,000 March 31, 2012 $ 2,150,000 June 30, 2012 $ 2,150,000 September 30, 2012 $ 2,150,000 December 31, 2012 $ 2,150,000 March 31, 2013 $ 2,150,000 June 30, 2013 $ 2,150,000 September 30, 2013 $ 2,150,000 December 31, 2013 $ 2,150,000 March 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 2,150,000 Tranche A C Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph 801,950,000 (cb) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment[Reserved]. (bc) To the extent not previously paid, (i) all Tranche A C Term Loans shall be due and payable on the Tranche A Term C Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (cd) Any mandatory prepayment of a Tranche C Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Tranche C Term Borrowings of such Class to be made pursuant to this Section as directed first, in writing by direct order of the Borrower (or, if first eight scheduled payments to become due under Section 2.10(a) following the Borrower fails to so direct the application date of any such prepayment, and thereafter, ratably to the remaining scheduled payments under such section. Any optional prepayment of the Tranche C Term Loans shall be applied to reduce the subsequent scheduled repayments of remaining installments thereof as directed by the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsBorrower. (de) Prior to any repayment of any Tranche C Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Tranche C Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Hawaiian Telcom Communications, Inc.)

Amortization of Term Loans. (a) Subject The Borrower shall repay Initial Term Loan Borrowings on the last Business Day of each March, June, September and December, beginning on the last Business Day of the first full fiscal quarter to adjustment occur after the Closing Date and ending with the last such Business Day to occur prior to the Term Maturity Date, in an aggregate principal amount for each such date equal to the percentage set forth below opposite the applicable date of the aggregate principal amount of the Initial Term Loan Borrowings outstanding on the Closing Date (as such amount shall be adjusted pursuant to paragraph (c) of this SectionSection 2.10). Repayment Date — Last Business Day of the Applicable Month Repayment Percentage December 2014 0.25 % March 2015 0.25 % June 2015 0.25 % September 2015 0.25 % December 2015 0.25 % March 2016 0.25 % June 2016 0.25 % September 2016 0.25 % December 2016 0.25 % March 2017 0.25 % June 2017 0.25 % September 2017 0.25 % December 2017 1.875 % March 2018 1.875 % June 2018 1.875 % September 2018 1.875 % December 2018 1.875 % March 2019 1.875 % June 2019 1.875 % September 2019 1.875 % December 2019 1.875 % March 2020 1.875 % June 2020 1.875 % Term Maturity Date All outstanding amounts, the as set forth in clause (b) below The Borrower shall repay Tranche A Incremental Term Borrowings Loans of any Series in such amounts and on each such date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower or dates as shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) specified therefor in the aggregate principal Incremental Facility Amendment establishing the Incremental Term Commitments of such Series (as such amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment shall be adjusted pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Section 2.10 or pursuant to such Incremental Facility Amendment). (b) To the extent not previously paid, (i) all Tranche A Initial Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentTerm Maturity Date. (c) Any prepayment of a Term Borrowing Loans of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Loans of such Class to be made pursuant to this Section 2.10 as directed by the Borrower. In the event that Term Loans of any Class are repurchased pursuant to an Auction Purchase Offer, then the subsequent scheduled repayments of the Term Loan Borrowings of such Class to be made pursuant to this Section as directed in writing 2.10 shall be reduced pro rata by the Borrower aggregate principal amount of the Term Loans so repurchased (or, if it being understood the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Loan Borrowings of the applicable Class any Lender whose Term Loans are not purchased pursuant to an Auction Purchase Offer shall not be made modified pursuant to this Section in direct order of maturitysentence); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings Loans of any Class under this SectionSection 2.10, 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, facsimile delivery or other electronic imagingfacsimile) of such selection not later than 11:00 a.m.1:00 p.m., New York City timeLocal Time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing Loan shall be applied ratably to the Loans included in the repaid Term Loan Borrowing. Repayments of Term Borrowings Loans shall be accompanied by accrued interest on the amount amounts repaid.

Appears in 1 contract

Samples: Credit Agreement (Orbotech LTD)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower Borrowers shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount June 30, 2001 September 30, 2001 December 31, 2014 $ 2,625,000 2001 March 31, 2015 $ 2,625,000 2002 June 30, 2015 $ 2,625,000 2002 September 30, 2015 $ 2,625,000 2002 December 31, 2015 $ 3,500,000 2002 March 31, 2016 $ 3,500,000 2003 June 30, 2016 $ 3,500,000 2003 September 30, 2016 $ 3,500,000 2003 December 31, 2016 $ 3,500,000 2003 March 31, 2017 $ 3,500,000 2004 June 30, 2017 $ 3,500,000 2004 September 30, 2017 $ 3,500,000 2004 December 31, 2017 $ 5,250,000 2004 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 2005 (b) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower Borrowers shall repay Incremental Tranche B Term Loans of any Class as provided Borrowings on each date set forth below in the applicable Incremental Facility Amendment.aggregate principal amount set forth opposite such date: June 30, 2000 September 30, 2000 December 31, 2000 March 31, 2001 June 30, 2001 September 30, 2001 December 31, 2001 March 31, 2002 June 30, 2002 September 30, 2002 December 31, 2002 March 31, 2003 June 30, 2003 September 30, 2003 December 31, 2003 March 31, 2004 June 30, 2004 September 30, 2004 December 31, 2004 March 31, 2005 June 30, 2005 September 30, 2005 December 31, 2005 March 31, 2006 (bc) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and Date, (ii) all Incremental Tranche B Term Loans of any Class shall be due and payable on the maturity date set forth in Tranche B Maturity Date and (iii) all Interim Term Loans shall be due and payable on the applicable Incremental Facility AmendmentInterim Maturity Date. (cd) Any prepayment of a Tranche A Term Borrowing of any Class or a Tranche B Term Borrowing shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsratably. (de) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, the Borrower Company 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, facsimile or other electronic imagingtelecopy) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Bergen Brunswig Corp)

Amortization of Term Loans. (ai) Subject The Borrower shall repay Term Borrowings on the dates set forth below in an aggregate principal amount equal to adjustment the percentage set forth in the table below applied to the aggregate principal amount of the Term Loans outstanding on the Effective Date (as such amounts may be adjusted pursuant to paragraph (c) of this Section). December 31, the 2019 2.50% March 31, 2020 2.50% June 30, 2020 2.50% September 30, 2020 2.50% December 31, 2020 2.50% March 31, 2021 2.50% June 30, 2021 2.50% September 30, 2021 2.50% December 31, 2021 3.75% March 31, 2022 3.75% June 30, 2022 3.75% September 30, 2022 3.75% December 31, 2022 3.75% March 31, 2023 3.75% June 30, 2023 3.75% September 30, 2023 3.75% December 31, 2023 3.75% March 31, 2024 3.75% June 30, 2024 3.75% (ii) [Reserved]. (iii) The Borrower shall repay Tranche A Extended Term Borrowings Loans of any Series in such amounts and on each such date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower or dates as shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) specified therefore in the aggregate principal amount set forth opposite Extension Agreement establishing such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment Extended Term Loans (as such amounts may be adjusted pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment). (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing Loan of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings Loans of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any failing such prepaymentdirection, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) . In the event any prepayment of Extended Term Loans shall be established from any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility AmendmentLoans, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of any future payment pursuant to clause (a) with respect to such scheduled repayments. Furthermore, in existing Class of Loans shall be reduced on the event that date the existing Loans are converted into such Extended Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), proportion to the aggregate principal amount of such existing Class of Loans that were converted to Extended Term Loans of on such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsdate. (d) Prior to any repayment of any Term Borrowings 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 deliverydelivery or through Electronic System, facsimile or other electronic imagingif arrangements for doing so have been approved by the Administrative Agent) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount amounts repaid.

Appears in 1 contract

Samples: Term Credit Agreement (Fossil Group, Inc.)

Amortization of Term Loans. (a) [intentionally deleted] (b) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day each Borrower shall repay its ratable share of an aggregate principal amount of the first full fiscal quarter of Holdings after Tranche C Term Borrowings equal to the Funding amount set forth below opposite such date. September 30, 2002 $ 250,000 December 31, 2002 $ 250,000 March 31, 2003 $ 250,000 June 30, 2003 $ 250,000 September 30, 2003 $ 250,000 December 31, 2003 $ 250,000 March 31, 2004 $ 250,000 June 30, 2004 $ 250,000 September 30, 2004 $ 250,000 December 31, 2004 $ 250,000 March 31, 2005 $ 250,000 June 30, 2005 $ 250,000 September 30, 2005 $ 250,000 December 31, 2005 $ 250,000 March 31, 2006 $ 250,000 June 30, 2006 $ 250,000 September 30, 2006 $ 250,000 December 31, 2006 $ 250,000 March 31, 2007 $ 250,000 June 30, 2007 $ 250,000 September 30, 2007 $ 250,000 December 31, 2007 $ 250,000 March 31, 2008 $ 250,000 June 30, 2008 $ 250,000 September 30, 2008 $ 61,000,000 December 31, 2008 $ 61,000,000 March 31, 2009 $ 61,000,000 May 12, 2009 $ 61,000,000 ; provided that if the Tranche C Maturity Date (it being understood that the is May 12, 2007, each Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) in repay its ratable share of the aggregate principal amount set forth opposite of the Tranche C Term Borrowings outstanding on such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment. (bc) To the extent not previously paid, (i) all Tranche A C Term Loans shall be due and payable on the Tranche A Term C Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (cd) Any mandatory or optional prepayment of a Tranche C Term Borrowing of any Class shall be applied to reduce ratably the subsequent scheduled repayments of the Tranche C Term Borrowings to be made pursuant to this Section. If the initial aggregate amount of such Class the Lenders' Tranche C Term Commitments exceeds the aggregate principal amount of Tranche C Term Loans that are made on the Amendment Date, then the scheduled repayments of Tranche C Term Borrowings to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied reduced ratably by an aggregate amount equal to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsexcess. (de) Prior to any repayment of any Tranche C Term Borrowings of any Class under this Sectionhereunder, the Borrower Company 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m., New York City time, three Business Days before the scheduled date of such repayment; provided that each repayment of Tranche C Term Borrowings shall be applied to repay any outstanding ABR Term Borrowings before any other Borrowings. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Tranche C Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Georgia Gulf Corp /De/)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower applicable Borrowers shall repay Tranche A the principal of the Term Borrowings in 16 consecutive quarterly installments (each of which may consist of payments of one or more Term Borrowings selected by such Borrowers), the aggregate US Dollar Equivalent of each of which on each the applicable quarterly installment date set forth below, beginning with shall be the date that is the last day amount (expressed as a percentage of the first full fiscal quarter sum of Holdings after the Funding Date (it being understood that US Dollar Equivalents on the Borrower shall not be required to make payments under this Section 2.10 on any date that is fifth Business Day prior to the Funding applicable quarterly installment date of the amounts of the Term Loans made on the Effective Date) in the aggregate principal amount set forth opposite such datethe applicable quarterly installment date below: Date Amount March 28, 2003 3.75% June 27, 2003 3.75% September 26, 2003 3.75% December 3126, 2014 $ 2,625,000 2003 3.75% March 3126, 2015 $ 2,625,000 2004 5.00% June 3025, 2015 $ 2,625,000 2004 5.00% September 3024, 2015 $ 2,625,000 2004 5.00% December 3122, 2015 $ 3,500,000 2004 5.00% March 3125, 2016 $ 3,500,000 2005 6.25% June 3024, 2016 $ 3,500,000 2005 6.25% September 3023, 2016 $ 3,500,000 2005 6.25% December 3121, 2016 $ 3,500,000 2005 6.25% March 3124, 2017 $ 3,500,000 2006 10.00% June 3023, 2017 $ 3,500,000 2006 10.00% September 3022, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A 2006 10.00% Maturity Date $ 20,125,000 Subject 10.00% The Administrative Agent shall not less than five Business Days prior to adjustment pursuant each quarterly installment date deliver to paragraph (c) the Company a calculation of this Section, the Borrower shall repay Incremental Term Loans aggregate amount of any Class as provided in the applicable Incremental Facility Amendmentpayment required to be made hereunder on such quarterly installment date. (b) To the extent not previously paidrepaid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any mandatory prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount amounts thereof. Any voluntary prepayment of a Term Loans of such Class so cancelled Borrowing shall be applied to reduce the next scheduled quarterly repayment of the Term Borrowings to be made pursuant to this Section and thereafter to reduce subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on in accordance with the amounts thereof. For purposes of determining the amount by which any quarterly installment of principal is to be reduced as a result of any prepayment, the amount of such prepayment (denominated in the currency in which such prepayment shall have been made) shall be allocated as provided above in this paragraph on the next quarterly installment date among the remaining scheduled repaymentsinstallments of principal, and the US Dollar Equivalent of the amount so allocated to each scheduled installment shall be determined as of the date of determination under paragraph (a) above of the amount of the payment due on the applicable quarterly installment date. (d) Prior to any repayment of any Term Borrowings of any Class under this SectionBorrowings, the Borrower Company 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, facsimile or other electronic imagingtelecopy) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount amounts repaid.

Appears in 1 contract

Samples: Credit Agreement (Coors Adolph Co)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower The Company shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior below in an amount equal to the Funding Date) in the aggregate principal amount percentage set forth opposite such date: date of the original aggregate principal amount of the Term Loans made on the Effective Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment (as such amounts may be adjusted pursuant to paragraph (c) of this Section): Date Amount March 31, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.2015 1.25 % June 30, 2015 1.25 % September 30, 2015 1.25 % December 31, 2015 1.25 % March 31, 2016 2.50 % June 30, 2016 2.50 % September 30, 2016 2.50 % December 31, 2016 2.50 % March 31, 2017 2.50 % June 30, 2017 2.50 % September 30, 2017 2.50 % December 31, 2017 2.50 % March 31, 2018 2.50 % June 30, 2018 2.50 % September 30, 2018 2.50 % December 31, 2018 2.50 % (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the Incremental Term Maturity Date applicable Incremental Facility Amendmentthereto. (c) Any prepayment of a Tranche A Term Borrowing shall be applied to reduce the subsequent scheduled repayments (including the payment due at maturity) of the Tranche A Term Borrowings to be made pursuant to this Section (i) in the case of voluntary prepayments pursuant to Section 2.11(a), as directed by the Company and (ii) in the case of mandatory prepayments pursuant to Section 2.11(c), ratably based on the amount of such scheduled repayments. Any prepayment of an Incremental Term Borrowing of any Class Series shall be applied to reduce the subsequent scheduled repayments of the Incremental Term Borrowings of such Class Series to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce specified therefor in the subsequent scheduled repayments of Incremental Facility Agreement establishing the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any Commitments of such Series. Any prepayment of Term Borrowings of any Class contemplated by Section 2.23 2.24 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of as set forth in such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsSection. (d) Prior to (or, in the case of any ABR Loan or Swingline Loan, at the time of) any repayment of any Term Borrowings Borrowing of any Class under this Section, the Borrower Company 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, facsimile delivery or other electronic imagingfacsimile) of such selection not later than 11:00 a.m.12:00 noon, New York City time, (i) three Business Days before the scheduled date of such repayment in the case of a LIBOR or EURIBOR Borrowing or (ii) on the date of such repayment, in the case of an ABR Borrowing (including any Swingline Loan). Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term 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 2.16.

Appears in 1 contract

Samples: Credit Agreement (Knowles Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A B-3 US$ Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 2023 $2,675,000 March 31, 2015 $ 2,625,000 2024 $2,675,000 June 30, 2015 $ 2,625,000 2024 $2,675,000 September 30, 2015 $ 2,625,000 2024 $2,675,000 December 31, 2015 $ 3,500,000 2024 $2,675,000 March 31, 2016 $ 3,500,000 2025 $2,675,000 June 30, 2016 $ 3,500,000 2025 $2,675,000 September 30, 2016 $ 3,500,000 2025 $2,675,000 December 31, 2016 $ 3,500,000 2025 $2,675,000 March 31, 2017 $ 3,500,000 2026 $2,675,000 June 30, 2017 $ 3,500,000 2026 $2,675,000 September 30, 2017 $ 3,500,000 2026 $2,675,000 December 31, 2017 $ 5,250,000 2026 $2,675,000 March 31, 2018 $ 5,250,000 2027 $2,675,000 June 30, 2018 $ 5,250,000 2027 $2,675,000 September 30, 2018 $ 5,250,000 2027 $2,675,000 December 31, 2018 $ 20,125,000 2027 $2,675,000 March 31, 2019 $ 20,125,000 2028 $2,675,000 June 30, 2019 $ 20,125,000 2028 $2,675,000 Tranche A B-3 US$ Term Maturity $1,019,175,000 Date Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche B-3 Euro Term Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: Tranche B-3 Euro Term Maturity Date $ 20,125,000 € 415,000,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment. (b) To the extent not previously paid, (i) all Tranche A B-3 US$ Term Loans shall be due and payable on the Tranche A B-3 US$ Term Maturity Date, (ii) all Tranche B-3 Euro Term Loans shall be due and payable on the Tranche B-3 Euro Term Maturity Date and (iiiii) all [[6121596]] Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility Amendment. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity)Borrower; provided that (Ai) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (Bii) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (Ciii) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in If (A) the event that initial aggregate amount of the Lenders’ Tranche B-3 US$ Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), Commitments exceeds the aggregate principal amount of Tranche B-3 US$ Term Loans of such Class so cancelled shall be applied to reduce that are made on the subsequent Effective Date, then the scheduled repayments of the Tranche B-3 US$ Term Borrowings of such Class to be made pursuant to this Section ratably shall be reduced ratably, based on the amount of such scheduled repayments, by an aggregate amount equal to such excess or (B) the initial aggregate amount of the Lenders’ Tranche B-3 Euro Term Commitments exceeds the aggregate principal amount of Tranche B-3 Euro Term Loans that are made on the Effective Date, then the scheduled repayments of Tranche B-3 Euro Term Borrowings to be made pursuant to this Section shall be reduced ratably, based on the amount of such scheduled repayments, by an aggregate amount equal to such excess. (d) Prior to any repayment of any Term Borrowings 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, facsimile delivery or other electronic imagingfacsimile) of such selection not later than 11:00 a.m.1:00 p.m., New York City time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Chemours Co)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June April 30, 2015 2016 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 3,125,000 July 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 3,125,000 October 31, 2016 $ 3,500,000 March 3,125,000 January 31, 2017 $ 3,500,000 June 3,125,000 April 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 4,687,500 July 31, 2017 $ 5,250,000 March 4,687,500 October 31, 2017 $ 4,687,500 January 31, 2018 $ 5,250,000 June 4,687,500 April 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 6,250,000 July 31, 2018 $ 20,125,000 March 6,250,000 October 31, 2018 $ 6,250,000 January 31, 2019 $ 20,125,000 June 6,250,000 April 30, 2019 $ 20,125,000 Tranche A 6,250,000 July 31, 2019 $ 6,250,000 October 31, 2019 $ 6,250,000 January 31, 2020 $ 6,250,000 April 30, 2020 $ 6,250,000 July 31, 2020 $ 6,250,000 October 31, 2020 $ 6,250,000 January 31, 2021 $ 6,250,000 Term Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.143,750,000 (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section (i) in the case of a prepayment pursuant to Section 2.10(a), as directed in writing by the Borrower and (or, if ii) in the Borrower fails to so direct the application case of any such prepayment, such a prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that 2.10(c) or (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(ed), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings 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, facsimile delivery or other electronic imagingfacsimile) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by payment of accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Comtech Telecommunications Corp /De/)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A B Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 3,750,000 December 31, 2015 $ 3,500,000 3,750,000 March 31, 2016 $ 3,500,000 3,750,000 June 30, 2016 $ 3,500,000 3,750,000 September 30, 2016 $ 3,500,000 3,750,000 December 31, 2016 $ 3,500,000 3,750,000 March 31, 2017 $ 3,500,000 3,750,000 June 30, 2017 $ 3,500,000 3,750,000 September 30, 2017 $ 3,500,000 3,750,000 December 31, 2017 $ 5,250,000 3,750,000 March 31, 2018 $ 5,250,000 3,750,000 June 30, 2018 $ 5,250,000 3,750,000 September 30, 2018 $ 5,250,000 3,750,000 December 31, 2018 $ 20,125,000 3,750,000 March 31, 2019 $ 20,125,000 3,750,000 June 30, 2019 $ 20,125,000 3,750,000 September 30, 2019 $ 3,750,000 December 31, 2019 $ 3,750,000 March 31, 2020 $ 3,750,000 June 30, 2020 $ 3,750,000 September 30, 2020 $ 3,750,000 December 31, 2020 $ 3,750,000 March 31, 2021 $ 3,750,000 June 30, 2021 $ 3,750,000 September 30, 2021 $ 3,750,000 December 31, 2021 $ 3,750,000 March 31, 2022 $ 3,750,000 Tranche A B Term Maturity Date $ 20,125,000 1,398,750,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment. (b) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A B Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility Amendment. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity)Borrower; provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in If the event that initial aggregate amount of the Lenders’ Tranche B Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), Commitments exceeds the aggregate principal amount of Tranche B Term Loans of such Class so cancelled shall be applied to reduce that are made on the subsequent Effective Date, then the scheduled repayments of the Tranche B Term Borrowings of such Class to be made pursuant to this Section ratably shall be reduced ratably, based on the amount of such scheduled repayments, by an aggregate amount equal to such excess. (d) Prior to any repayment of any Term Borrowings 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, facsimile delivery or other electronic imagingfacsimile) of such selection not later than 11:00 a.m.1:00 p.m., New York City time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Chemours Co)

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Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this SectionSection 2.10, the Borrower shall repay Tranche Term A Term Borrowings on the last Business Day of each date set forth below, calendar quarter beginning with the date that is fiscal quarter ending March 31, 2025 in an aggregate amount equal to the last day amortization percentage set forth below of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) in the initial aggregate principal amount set forth opposite such date: Date Amount of the Term A Loan. The Borrower shall pay the entire remaining unpaid principal amount of the Term A Loan on the Term A Maturity Date. Installment Amortization Percentage March 31, 2025 1.875 % June 30, 2025 1.875 % September 30, 2025 1.875 % Installment Amortization Percentage December 31, 2014 $ 2,625,000 2025 1.875 % March 31, 2015 $ 2,625,000 2026 1.875 % June 30, 2015 $ 2,625,000 2026 1.875 % September 30, 2015 $ 2,625,000 2026 1.875 % December 31, 2015 $ 3,500,000 2026 1.875 % March 31, 2016 $ 3,500,000 2027 1.875 % June 30, 2016 $ 3,500,000 2027 1.875 % September 30, 2016 $ 3,500,000 2027 1.875 % December 31, 2016 $ 3,500,000 2027 1.875 % March 31, 2017 $ 3,500,000 2028 2.500 % June 30, 2017 $ 3,500,000 2028 2.500 % September 30, 2017 $ 3,500,000 2028 2.500 % December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche 2028 2.500 % Term A Maturity Date $ 20,125,000 Remainder (b) Subject to adjustment pursuant to paragraph (c) of this SectionSection 2.10, the Borrower shall repay Incremental Term Loans of any Class shall mature in consecutive installments (which shall be no more frequent than quarterly) as provided specified in the applicable Incremental Facility Amendment. (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Amendment pursuant to which such Incremental Term Loans of any Class were made (as such amount shall be due and payable on the maturity date set forth in the applicable Incremental Facility Amendmentadjusted pursuant to Section 2.17(b)). (c) Any optional prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied as directed by the Borrower. Any mandatory prepayment of Term Loans shall be applied pro rata among the Term Facilities then outstanding (unless any Incremental Term Facility has elected a less than ratable treatment in the applicable Incremental Amendment) and, within each Term Facility ratably to the Loans included in such prepaid Borrowing as may be directed by the repaid Term Borrowing. Repayments Borrower and, in the absence of Term Borrowings shall be accompanied by accrued interest on such direction, to the amount repaidinstallments in direct order of maturity.

Appears in 1 contract

Samples: Credit Agreement (Deluxe Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth belowbelow (each, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding a “Scheduled Payment Date) in the aggregate principal amount set forth opposite such date: Date Amount December October 31, 2014 2005 $ 2,625,000 March 500,000 January 31, 2015 2006 $ 2,625,000 June 500,000 April 30, 2015 2006 $ 2,625,000 September 500,000 July 31, 2006 $ 500,000 October 31, 2006 $ 500,000 January 31, 2007 $ 500,000 April 30, 2015 2007 $ 2,625,000 December 500,000 July 31, 2015 2007 $ 3,500,000 March 500,000 October 31, 2016 2007 $ 3,500,000 June 500,000 January 31, 2008 $ 500,000 April 30, 2016 2008 $ 3,500,000 September 500,000 July 31, 2008 $ 500,000 October 31, 2008 $ 500,000 January 31, 2009 $ 500,000 April 30, 2016 2009 $ 3,500,000 December 500,000 July 31, 2016 2009 $ 3,500,000 March 500,000 October 31, 2017 2009 $ 3,500,000 June 500,000 January 31, 2010 $ 500,000 April 30, 2017 2010 $ 3,500,000 September 500,000 July 31, 2010 $ 500,000 October 31, 2010 $ 47,500,000 January 31, 2011 $ 47,500,000 April 30, 2017 2011 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A 47,500,000 Term Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.47,500,000 (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class pursuant to Section 2.10 shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsratably. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile telecopy) or other electronic imaging) by telecopy of such selection not later than 11:00 a.m.(i) in the case of repayment of a Eurocurrency Borrowing, not later than 1:00 p.m., New York City time, three Business Days before the scheduled date of such repayment or (ii) in the case of repayment of an ABR Borrowing, not later than 1:00 p.m., New York City time, one Business Day before the scheduled date of repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Ssa Global Technologies, Inc)

Amortization of Term Loans. (a) Subject to adjustment --------------------------- pursuant to paragraph (cd) of this Section, the Borrower shall repay Tranche A Term Borrowings on in the principal amounts for each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior below equal to the Funding Date) in the aggregate principal amount percentage set forth opposite such datedate of the aggregate outstanding principal amount of the Tranche A Borrowings at 5:00 p.m., New York City time, on June 30, 2002: Payment Percentage ------- ---------- Date Amount June 30, 2002 3.00% September 30, 2002 3.00% December 31, 2014 $ 2,625,000 2002 3.00% March 31, 2015 $ 2,625,000 2003 3.00% June 30, 2015 $ 2,625,000 2003 5.00% September 30, 2015 $ 2,625,000 2003 5.00% December 31, 2015 $ 3,500,000 2003 10.00% March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 2004 10.00% Tranche A Maturity Date $ 20,125,000 58.00% (b) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay Incremental Tranche B Term Loans of any Class as provided Borrowings (i) in the applicable Incremental Facility Amendment.aggregate principal amounts for the four-fiscal-quarter periods ending on the dates set forth below in consecutive equal quarterly installments on each September 30, December 31, March 31 and June 30, commencing on September 30, 2001 and ending on June 30, 2006: Fiscal Period Annual ------------- ------ Ended Amounts June 30, 2002 $10,000,000 ------------- ---------- June 30, 2003 10,000,000 ------------- ---------- June 30, 2004 10,000,000 ------------- ---------- June 30, 2005 10,000,000 ------------- ---------- June 30, 2006 10,000,000 and (ii) on the dates set forth below in the respective amounts set forth for such dates: Date Amount ---- ------ September 30, 2006 $ 10,000,000 December 31, 2006 313,333,333 March 31, 2007 313,333,333 Tranche B Maturity Date 313,333,334 (bc) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Tranche B Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentTranche B Maturity Date. (cd) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails ratably; provided that any prepayment -------- made pursuant to so direct the application of any such prepayment, such prepayment Section 2.11(a) shall be applied applied, first, to reduce the subsequent next scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments repayment of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount unless and until such next scheduled repayment has been eliminated as a result of such scheduled repaymentsreductions hereunder and, second, ratably. (de) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m., New York City time, three Business Days before the scheduled date of such repayment. In the event the Borrower fails to give such notice, such repayments shall be applied first to ABR Borrowings of the applicable Class and then to Eurodollar Borrowings of such Class in the direct order of then-scheduled expiration dates of the Interest Periods then applicable thereto. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Global Crossing LTD)

Amortization of Term Loans. (a) Subject The Borrowers shall, jointly and severally, repay Initial Term Loan Borrowings on the last Business Day of each March, June, September and December, commencing on June 30, 2016 and ending with the last such Business Day to adjustment occur prior to the Term Maturity Date, in an aggregate principal amount for each such date equal to the percentage set forth below opposite the applicable date of the aggregate principal amount of the Initial Term Loan Borrowings outstanding on the Closing Date (as such amount shall be adjusted pursuant to paragraph (c) of this SectionSection 2.08). June 2016 2.50% September 2016 2.50% December 2016 2.50% March 2017 2.50% June 2017 3.75% September 2017 3.75% December 2017 3.75% March 2018 3.75% June 2018 6.25% September 2018 6.25% December 2018 6.25% Term Maturity Date All outstanding amounts, the Borrower shall repay Tranche A Term Borrowings on each date as set forth belowin clause (b) below The Borrowers shall, beginning with the jointly and severally, repay Incremental Term Loans of any Series in such amounts and on such date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower or dates as shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) specified therefor in the aggregate principal Incremental Facility Amendment establishing the Incremental Term Commitments of such Series (as such amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment shall be adjusted pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Section 2.08 or pursuant to such Incremental Facility Amendment). (b) To the extent not previously paid, (i) all Tranche A Initial Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentTerm Maturity Date. (c) Any optional prepayment of a Term Borrowing Loans of any Class pursuant to Section 2.09(a) shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings Loans of such Class to be made pursuant to this Section 2.08 as directed in writing by the Borrower Borrowers (orand absent such direction, if in direct order of maturity thereof) and may be applied to the Borrower fails Initial Term Loans or any Incremental Term Loans, in any case, as directed by the Borrowers (and absent such direction, in direct order of maturity thereof). All mandatory prepayments of Term Loans pursuant to so direct the application of any such prepayment, such prepayment Section 2.09(b) shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class Loans to be made pursuant to this Section 2.08 first to the scheduled installments thereof occurring within the next twelve months of such mandatory prepayment date in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied maturity and second ratably to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsremaining respective installments thereof. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings Loans shall be accompanied by accrued interest on the amount amounts repaid.

Appears in 1 contract

Samples: Credit Agreement (Mellanox Technologies, Ltd.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay the Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount June 30, 2007 $ 2,500,000.00 September 30, 2007 $ 2,500,000.00 December 31, 2014 2007 $ 2,625,000 2,500,000.00 March 31, 2015 2008 $ 2,625,000 2,500,000.00 June 30, 2015 2008 $ 2,625,000 2,500,000.00 September 30, 2015 2008 $ 2,625,000 2,500,000.00 December 31, 2015 2008 $ 3,500,000 2,500,000.00 March 31, 2016 2009 $ 3,500,000 2,500,000.00 June 30, 2016 2009 $ 3,500,000 2,500,000.00 September 30, 2016 2009 $ 3,500,000 2,500,000.00 December 31, 2016 2009 $ 3,500,000 2,500,000.00 March 31, 2017 2010 $ 3,500,000 2,500,000.00 June 30, 2017 2010 $ 3,500,000 2,500,000.00 September 30, 2017 2010 $ 3,500,000 2,500,000.00 December 31, 2017 2010 $ 5,250,000 2,500,000.00 March 31, 2018 2011 $ 5,250,000 2,500,000.00 June 30, 2018 2011 $ 5,250,000 2,500,000.00 September 30, 2018 2011 $ 5,250,000 2,500,000.00 December 31, 2018 2011 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 2,500,000.00 Tranche A Maturity Date $ 20,125,000 2,500,000.00 (b) Subject to adjustment pursuant to paragraph (cd) of this SectionSection 2.10, the Borrower shall repay Incremental Tranche B Term Loans of any Class as provided Borrowings on each date set forth below in the applicable Incremental Facility Amendment.aggregate principal amount set forth opposite such date: March 31, 2008 $ 7,500,000.00 March 31, 2009 $ 7,500,000.00 March 31, 2010 $ 7,500,000.00 March 31, 2011 $ 7,500,000.00 March 31, 2012 $ 7,500,000.00 Tranche B Maturity Date $ 37,500,000.00 (bc) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Tranche B Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentTranche B Maturity Date. (cd) Any prepayment of a Term Borrowing of any either Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by ratably; provided that, with respect to any voluntary prepayment of Term Borrowings, the Borrower (or, if may specify the Borrower fails to so direct the application of any manner in which such prepayment, such voluntary prepayment shall be applied to reduce in the subsequent notice of such voluntary prepayment. If the initial aggregate amount of the Lenders’ Tranche A Commitments or Tranche B Commitments exceeds the aggregate principal amount of Tranche A Term Loans or Tranche B Term Loans, respectively, that are made on the Effective Date, then the scheduled repayments of the Tranche A Term Borrowings of and Tranche B Term Borrowings, as the applicable Class case may be, to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied reduced ratably by an aggregate amount equal to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsexcess. (de) Prior to any repayment of any Term Borrowings of any either Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection election not later than 11:00 a.m.12:00 noon., New York City time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Investools Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount March 31, 2020 $3,750,000 June 30, 2020 $3,750,000 September 30, 2020 $3,750,000 December 31, 2014 $ 2,625,000 2020 $3,750,000 March 31, 2015 $ 2,625,000 2021 $5,625,000 June 30, 2015 $ 2,625,000 2021 $5,625,000 September 30, 2015 $ 2,625,000 2021 $5,625,000 December 31, 2015 $ 3,500,000 2021 $5,625,000 March 31, 2016 $ 3,500,000 2022 $5,625,000 June 30, 2016 $ 3,500,000 2022 $5,625,000 September 30, 2016 $ 3,500,000 2022 $5,625,000 December 31, 2016 $ 3,500,000 2022 $5,625,000 March 31, 2017 $ 3,500,000 2023 $5,625,000 June 30, 2017 $ 3,500,000 2023 $5,625,000 September 30, 2017 $ 3,500,000 2023 $5,625,000 December 31, 2017 $ 5,250,000 2023 $5,625,000 March 31, 2018 $ 5,250,000 2024 $5,625,000 June 30, 2018 $ 5,250,000 2024 $5,625,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 2024 $5,625,000 Tranche A Term Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) Outstanding Principal Amount of this Section, the Borrower shall repay Incremental all Tranche A Term Loans of any Class as provided in the applicable Incremental Facility Amendment.Loans (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section (i) in the case of a prepayment pursuant to Section 2.10(a), as directed in writing by the Borrower and (or, if ii) in the Borrower fails to so direct the application case of any such prepayment, such a prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section 2.10(c), (x) first, in direct order of maturity)maturity to the scheduled repayments occurring in the twenty-four months following the date of such prepayment and (y) second, ratably to the remaining scheduled repayments based on the amount of such scheduled repayments; provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 2.22 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e2.10(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings 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, facsimile e-mail or other electronic imagingfacsimile) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (YETI Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower Term Borrowers shall repay Tranche A Term Borrowings Loans on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount June 30, 2013 $2,500,000 September 30, 2013 $2,500,000 December 31, 2013 $2,500,000 March 31, 2014 $2,500,000 June 30, 2014 $2,500,000 September 30, 2014 $2,500,000 December 31, 2014 $ 2,625,000 $2,500,000 March 31, 2015 $ 2,625,000 $2,500,000 June 30, 2015 $ 2,625,000 $3,750,000 September 30, 2015 $ 2,625,000 $3,750,000 December 31, 2015 $ 3,500,000 $3,750,000 March 31, 2016 $ 3,500,000 $3,750,000 June 30, 2016 $ 3,500,000 $3,750,000 September 30, 2016 $ 3,500,000 $3,750,000 December 31, 2016 $ 3,500,000 $3,750,000 March 31, 2017 $ 3,500,000 $3,750,000 June 30, 2017 $ 3,500,000 $3,750,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 $3,750,000 Tranche A Maturity Date $ 20,125,000 $142,500,000 The Parent Borrower shall repay Incremental Term A Loans of any Series in such amounts and on such date or dates as shall be specified therefor in the Incremental Facility Agreement establishing the Incremental Term A Commitments of such Series (as such amounts may be adjusted pursuant to paragraph (d) of this Section or pursuant to such Incremental Facility Agreement). (b) Subject to adjustment pursuant to paragraph (cd) of this Section, the Term Borrowers shall repay Tranche B Term Loans on the last day of each March, June, September and December, beginning with December 31, 2012, and ending with the last such day to occur prior to the Tranche B Maturity Date, in an aggregate principal amount for each such date equal to 0.25% of the aggregate principal amount of the Tranche B Term Borrowings outstanding on the Restatement Effective Date. The Parent Borrower shall repay Incremental Term B Loans of any Class Series in such amounts and on 509265-1724-13879091 such date or dates as provided shall be specified therefor in the applicable Incremental Facility AmendmentAgreement establishing the Incremental Term B Commitments of such Series (as such amounts may be adjusted pursuant to paragraph (d) of this Section or pursuant to such Incremental Facility Agreement). (bc) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Maturity Date, (ii) all Tranche B Term Loans shall be due and payable on the Tranche B Maturity Date and (iiiii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the Incremental Term Maturity Date applicable Incremental Facility Amendmentthereto. (cd) Any mandatory prepayment of a Tranche A Term Borrowing or Tranche B Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application ratably. Any optional prepayment of a Tranche A Term Borrowing of any such prepayment, such prepayment Class or a Tranche B Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on as directed by the amount of such scheduled repaymentsParent Borrower. (de) Prior to any repayment of any Tranche A Term Borrowings of any Class under this Sectionhereunder or any Tranche B Term Borrowings of any Class hereunder, the Parent Borrower (on behalf of itself and the applicable Subsidiary Term 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, facsimile or other electronic imagingtelecopy) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Tranche A Term Borrowings and Tranche B Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Trimas Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Term Loan Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount ---- ------ June 30, 2003 $1,000,000 September 30, 2003 $1,000,000 December 31, 2014 $ 2,625,000 2003 $1,000,000 March 31, 2015 $ 2,625,000 2004 $1,000,000 June 30, 2015 $ 2,625,000 2004 $1,000,000 September 30, 2015 $ 2,625,000 2004 $1,000,000 December 31, 2015 $ 3,500,000 2004 $1,000,000 March 31, 2016 $ 3,500,000 2005 $1,000,000 June 30, 2016 $ 3,500,000 2005 $1,000,000 September 30, 2016 $ 3,500,000 2005 $1,000,000 December 31, 2016 $ 3,500,000 2005 $1,000,000 March 31, 2017 $ 3,500,000 2006 $1,000,000 June 30, 2017 $ 3,500,000 2006 $1,000,000 ------------------------------------------------------------------------ September 30, 2017 $ 3,500,000 2006 $1,000,000 December 31, 2017 $ 5,250,000 2006 $1,000,000 March 31, 2018 $ 5,250,000 2007 $1,000,000 June 30, 2018 $ 5,250,000 2007 $1,000,000 September 30, 2018 $ 5,250,000 2007 $1,000,000 December 31, 2018 $ 20,125,000 2007 $1,000,000 March 31, 2019 $ 20,125,000 2008 $1,000,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section2008 $1,000,000 September 30, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.2008 $1,000,000 December 31, 2008 $1,000,000 March 31, 2009 $1,000,000 June 30, 2009 $94,000,000 September 30, 2009 $94,000,000 December 31, 2009 $94,000,000 March 31, 2010 $94,000,000 (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Loan Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by ratably; provided that any prepayment of a Term Borrowing or Term Borrowings made pursuant to Section 2.11(a) may, at the election of the Term Loan Borrower (or, if by notice to the Borrower fails Administrative Agent prior to so direct the application date of any such prepayment), such prepayment shall be applied applied, first, to reduce the subsequent next scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order within the next 12 months after the date of maturity); provided that (A) any such prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent unless and until such next scheduled repayments have been eliminated as provided in a result of reductions hereunder and, second, ratably. If the applicable Incremental Facility Amendmentinitial aggregate amount of the Lenders' Term Commitments exceeds the aggregate principal amount of Term Loans that are made on the Term Loan Funding Date, (B) any prepayment then the scheduled repayments of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied reduced ratably by an aggregate amount equal to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsexcess. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, the Term Loan 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, facsimile or other electronic imagingfacsimile) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Fisher Scientific International Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December ---- ------ November 30, 2004 $1,125,000 February 28, 2005 $1,125,000 May 31, 2014 $ 2,625,000 March 2005 $1,125,000 August 31, 2015 $ 2,625,000 June 2005 $1,125,000 November 30, 2015 $ 2,625,000 September 2005 $1,125,000 February 28, 2006 $1,125,000 May 31, 2006 $1,125,000 August 31, 2006 $1,125,000 November 30, 2015 $ 2,625,000 December 2006 $1,125,000 February 28, 2007 $1,125,000 May 31, 2015 $ 3,500,000 March 2007 $1,125,000 August 31, 2016 $ 3,500,000 June 2007 $1,125,000 November 30, 2016 $ 3,500,000 September 2007 $1,125,000 February 28, 2008 $1,125,000 May 31, 2008 $1,125,000 August 31, 2008 $1,125,000 November 30, 2016 $ 3,500,000 December 2008 $1,125,000 44 February 28, 2009 $1,125,000 May 31, 2016 $ 3,500,000 March 2009 $1,125,000 August 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.2009 $428,625,000 (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any mandatory prepayment of a Term Borrowing of any Class made after the Restatement Effective Date shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct inverse order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory . Any prepayment of a Term Borrowing in accordance with made after the Restatement Effective Date pursuant to Section 2.11(e), then the portion of such prepayment not so declined 2.11(a) shall be applied to reduce the subsequent scheduled repayments of such the Term Borrowing Borrowings to be made pursuant to this Section ratably based on in the manner selected by the Borrower. (d) If the initial aggregate amount of such scheduled repayments. Furthermore, in the event that the Lenders' Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), Loan Commitments exceeds the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce that are made on the subsequent Restatement Effective Date, then the scheduled repayments of the Term Borrowings of such Class to be made pursuant to paragraph (a) of this Section shall be reduced ratably based on the by an aggregate amount of equal to such scheduled repayments. (d) excess. Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

Amortization of Term Loans. (a) Subject to adjustment -------------------------- pursuant to paragraph (cd) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December ---- ------ November 30, 2002 $11,000,000 May 31, 2014 $ 2,625,000 March 2003 $13,700,000 November 30, 2003 $13,700,000 May 31, 2015 $ 2,625,000 June 2004 $21,800,000 November 30, 2015 $ 2,625,000 September 2004 $21,800,000 May 31, 2005 $24,500,000 November 30, 2015 $ 2,625,000 December 2005 $24,500,000 May 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 2006 $24,500,000 Tranche A Maturity Date $ 20,125,000 $24,500,000 (b) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay Incremental Tranche B Term Loans of any Class as provided Borrowings on each date set forth below in the applicable Incremental Facility Amendment.aggregate principal amount set forth opposite such date: Date Amount ---- ------ November 30, 2002 $ 2,500,000 May 31, 2003 $ 2,500,000 November 30, 2003 $ 2,500,000 May 31, 2004 $ 2,500,000 November 30, 2004 $ 2,500,000 May 31, 2005 $ 2,500,000 November 30, 2005 $ 2,500,000 May 31, 2006 $ 2,500,000 November 30, 2006 $ 2,500,000 May 31, 2007 $ 2,500,000 Tranche B Maturity Date $280,000,000 (bc) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Tranche B Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentTranche B Maturity Date. (cd) Any prepayment of a Term Borrowing of any either Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails ratably; provided that any -------- prepayment made pursuant to so direct the application of any such prepayment, such prepayment Section 2.11(a) shall be applied applied, first, to reduce the subsequent next scheduled repayments of the Term Borrowings of the applicable such Class to be made pursuant to this Section in direct order of maturity); provided that (A) any chronological order, to the extent such repayments are scheduled to be due within 12 months after such prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent is made, until such next scheduled repayments have been eliminated as provided in the applicable Incremental Facility Amendmenta result of reductions hereunder and, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e)second, then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsratably. (de) Prior to any repayment of any Term Borrowings of any either Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m., New York City time, three Business Days before the scheduled date of such repayment; provided that each repayment of Term Borrowings of either Class shall -------- be applied to repay any outstanding ABR Term Borrowings of such Class before any other Borrowings of such Class. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Western Auto Supply Co/)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount March 31, 2005 $ 250,000 June 30, 2005 250,000 September 30, 2005 250,000 December 30, 2005 250,000 March 31, 2006 250,000 June 30, 2006 250,000 September 29, 2006 250,000 December 29, 2006 250,000 March 30, 2007 250,000 June 29, 2007 250,000 September 28, 2007 250,000 December 31, 2014 $ 2,625,000 2007 250,000 March 31, 2015 $ 2,625,000 2008 250,000 June 30, 2015 $ 2,625,000 2008 250,000 September 30, 2015 $ 2,625,000 2008 250,000 December 31, 2015 $ 3,500,000 2008 250,000 March 31, 2016 $ 3,500,000 2009 250,000 June 30, 2016 $ 3,500,000 2009 250,000 November 30, 2009 250,000 December 31, 2009 250,000 March 31, 2010 250,000 June 30, 2010 250,000 September 30, 2016 $ 3,500,000 2010 250,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.2010 94,250,000 (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Loan Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing or an Incremental Extension of any Class Credit shall be (i) in the case of prepayments made pursuant to Section 2.11(a), allocated between the Term Borrowings and the Incremental Extensions of Credit as directed by the Borrower and applied to reduce the remaining subsequent scheduled repayments of the Term Borrowings or Incremental Extensions of Credit, as applicable, pursuant to this Section in direct order of maturity and (ii) in the case of prepayments made pursuant to Section 2.11(c), Section 2.11(d) or Section 6.01(a)(viii), allocated between the Term Borrowings and Incremental Extensions of Credit ratably and applied (x) in the case of Term Borrowings, to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed within such Class ratably and (y) in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class case of Incremental Term Borrowings shall be applied to subsequent scheduled repayments Extensions of Credit, as provided agreed in the applicable Incremental Facility Amendment, (B) any prepayment Amendment implementing such Incremental Extension of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsCredit. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m., New York City time, (i) three Business Days before the scheduled date of such repaymentrepayment in the case of Eurodollar Borrowings or (ii) one Business Day before the scheduled date of repayment in the case of ABR Borrowings. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Interline Brands, Inc./De)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on the last Business Day of each date month set forth belowbelow (or, beginning with in the date that is case of the last day of repayment, on the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Term Maturity Date) in the aggregate principal amount set forth opposite such datemonth: Date Amount December 31---- ------ September, 2014 $ 2,625,000 March 311999 $125,000 December, 2015 $ 2,625,000 June 301999 $125,000 March, 2015 $ 2,625,000 September 302000 $125,000 June, 2015 $ 2,625,000 December 312000 $125,000 September, 2015 $ 3,500,000 March 312000 $125,000 December, 2016 $ 3,500,000 June 302000 $125,000 March, 2016 $ 3,500,000 September 302001 $125,000 June, 2016 $ 3,500,000 December 312001 $125,000 September, 2016 $ 3,500,000 March 312001 $125,000 December, 2017 $ 3,500,000 June 302001 $125,000 Date Amount ---- ------ March, 2017 $ 3,500,000 September 302002 $125,000 June, 2017 $ 3,500,000 December 312002 $125,000 September, 2017 $ 5,250,000 March 312002 $125,000 December, 2018 $ 5,250,000 June 302002 $125,000 March, 2018 $ 5,250,000 September 302003 $125,000 June, 2018 $ 5,250,000 December 312003 $125,000 September, 2018 $ 20,125,000 March 312003 $125,000 December, 2019 $ 20,125,000 June 302003 $125,000 March, 2019 $ 20,125,000 Tranche A 2004 $125,000 June, 2004 $125,000 September, 2004 $3,250,000 December, 2004 $3,250,000 March, 2005 $3,250,000 Term Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.$3,250,000 ---------- $15,500,000 ========== (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) If the initial aggregate amount of the Lenders' Term Commitments exceeds the aggregate principal amount of Term Loans that are made on the Effective Date, then the scheduled repayments of Term Borrowings to be made pursuant to this Section shall be reduced ratably by an aggregate amount equal to such excess. Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsratably. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m., New York City time, three Business Days before the scheduled date of such repayment, provided that each repayment of Term Borrowings shall be applied to repay any outstanding ABR Borrowings before any Eurodollar Borrowings. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.. 55

Appears in 1 contract

Samples: Credit Agreement (Donjoy LLC)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A B Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount June 30, 2006 $ 1,875,000 September 30, 2006 $ 1,875,000 December 31, 2014 2006 $ 2,625,000 1,875,000 March 31, 2015 2007 $ 2,625,000 1,875,000 June 30, 2015 2007 $ 2,625,000 1,875,000 September 30, 2015 2007 $ 2,625,000 1,875,000 December 31, 2015 2007 $ 3,500,000 1,875,000 March 31, 2016 2008 $ 3,500,000 1,875,000 June 30, 2016 2008 $ 3,500,000 1,875,000 September 30, 2016 2008 $ 3,500,000 1,875,000 December 31, 2016 2008 $ 3,500,000 1,875,000 March 31, 2017 2009 $ 3,500,000 1,875,000 June 30, 2017 2009 $ 3,500,000 1,875,000 September 30, 2017 2009 $ 3,500,000 1,875,000 December 31, 2017 2009 $ 5,250,000 1,875,000 March 31, 2018 2010 $ 5,250,000 1,875,000 June 30, 2018 2010 $ 5,250,000 1,875,000 September 30, 2018 2010 $ 5,250,000 1,875,000 December 31, 2018 2010 $ 20,125,000 1,875,000 March 31, 2019 2011 $ 20,125,000 1,875,000 June 30, 2019 2011 $ 20,125,000 1,875,000 September 30, 2011 $ 1,875,000 December 31, 2011 $ 1,875,000 Tranche A B Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment. 706,875,000 (b) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A Term B Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of except as otherwise provided in any such prepaymentIncremental Facility Amendment, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order the corresponding section of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable such Incremental Facility Amendment, (Bi) any prepayment in the case of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be prepayments made pursuant to this Section ratably based on 2.11(a), at the amount direction of such scheduled repayments. Furthermore, the Borrower and (ii) in the event that the Term Loans case of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be prepayments made pursuant to this Section 2.11(c) or (d), ratably based on to the amount of such scheduled repaymentsremaining amortization payments set forth in paragraph (a) above. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection election not later than 11:00 a.m.12:00 p.m., New York City time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Nasdaq Stock Market Inc)

Amortization of Term Loans. (a) Subject The Borrowers shall repay Tranche B Term Borrowings on the first Business Day following the last day of each January, April, July and October, beginning with January 31, 2016, and ending with the last such day to adjustment occur prior to the Tranche B Term Maturity Date, in an aggregate principal amount for each such date as follows: January 31, 2016 $ 4,500,000 April 30, 2016 $ 4,500,000 July 31, 2016 $ 4,500,000 October 31, 2016 $ 4,500,000 January 31, 2017 $ 22,500,000 April 30, 2017 $ 22,500,000 July 31, 2017 $ 22,500,000 October 31, 2017 $ 22,500,000 January 31, 2018 $ 22,500,000 April 30, 2018 $ 22,500,000 July 31, 2018 $ 22,500,000 October 31, 2018 $ 22,500,000 January 31, 2019 $ 22,500,000 April 30, 2019 $ 22,500,000 July 31, 2019 $ 22,500,000 October 31, 2019 $ 22,500,000 January 31, 2020 $ 22,500,000 April 30, 2020 $ 22,500,000 July 31, 2020 $ 22,500,000 October 31, 2020 $ 22,500,000 January 31, 2021 $ 22,500,000 April 30, 2021 $ 22,500,000 July 31, 2021 $ 22,500,000 October 31, 2021 $ 22,500,000 January 31, 2022 $ 22,500,000 April 30, 2022 $ 22,500,000 July 31, 2022 $ 22,500,000 Tranche B Term Maturity Date Remainder The Borrowers shall repay Incremental Term Loans of any Series in such amounts and on such date or dates as shall be specified therefor in the Incremental Facility Agreement establishing the Incremental Term Commitments of such Series (as such amounts may be adjusted pursuant to paragraph (c) of this Section or pursuant to such Incremental Facility Agreement). The Borrowers shall repay Extended Term Loans of any Series in such amounts and on such date or dates as shall be specified therefor in the Extension Agreement establishing such Extended Term Loans (as such amounts may be adjusted pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment). (b) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A B Term Maturity Date and (ii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the Incremental Term Maturity Date applicable Incremental Facility Amendmentthereto. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if manner set forth in Section 2.09(d). In the Borrower fails to so direct the application of event any such prepayment, such prepayment Extended Term Loans shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of established from any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility AmendmentLoans, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of any future payment pursuant to clause (a) with respect to such scheduled repayments. Furthermore, in existing Class of Loans shall be reduced on the event that the date such Extended Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), proportion to the aggregate principal amount of such existing Class of Loans that were converted to Extended Term Loans of on such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsdate. (d) Prior to any repayment of any Term Borrowings of any Class under this Section, the Borrower Borrowers shall select the Borrowing or Borrowings of the applicable Class to be repaid and shall notify the Administrative Agent by telephone (confirmed by e-mail, hand delivery, facsimile delivery or other electronic imagingfacsimile) of such selection not later than 11:00 a.m.12:00 p.m., New York City time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount amounts repaid.

Appears in 1 contract

Samples: Term Credit Agreement (Ascena Retail Group, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount equal to the product of (i) the percentage set forth opposite such datedate and (ii) the aggregate principal amount of Term Loans outstanding on the Effective Date: Date Amount DATE PERCENTAGE June 30, 2000 2.173913% December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 2000 2.173913% June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 2001 4.347826% December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 2001 4.347826% June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 2002 6.521739% December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 2002 6.521739% June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 2003 8.695652% December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 2003 8.695652% June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 2004 13.043478% December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 2004 13.043478% June 30, 2019 $ 20,125,000 Tranche A 2005 15.217392% Term Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.15.217392% (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by ratably; PROVIDED that any prepayment of a Term Borrowing made pursuant to Section 2.09(a) may be applied, at the Borrower (orBorrower's option, if the Borrower fails to so direct the application of any such prepaymentfirst, such prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section during the succeeding 12 months, in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e)and, then the portion of such prepayment not so declined shall be applied second, to reduce the subsequent remaining scheduled repayments of such the Term Borrowing Borrowings to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsratably. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, the Borrower shall select the Borrowing or Borrowings of the applicable Class to be repaid and shall notify the Administrative Local Agent by telephone (confirmed by hand delivery, facsimile or other electronic imagingtelecopy) of such selection not later than 11:00 a.m., New York City Paris time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Wright Medical Group Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount September 30, 2006 $375,000 December 31, 2014 $ 2,625,000 2006 375,000 March 31, 2015 $ 2,625,000 2007 375,000 June 30, 2015 $ 2,625,000 2007 375,000 September 30, 2015 $ 2,625,000 2007 375,000 December 31, 2015 $ 3,500,000 2007 375,000 March 31, 2016 $ 3,500,000 2008 375,000 June 30, 2016 $ 3,500,000 2008 375,000 September 30, 2016 $ 3,500,000 2008 375,000 December 31, 2016 $ 3,500,000 2008 375,000 March 31, 2017 $ 3,500,000 2009 375,000 June 30, 2017 $ 3,500,000 2009 375,000 September 30, 2017 $ 3,500,000 2009 3,750,000 December 31, 2017 $ 5,250,000 2009 3,750,000 March 31, 2018 $ 5,250,000 2010 3,750,000 June 30, 2018 $ 5,250,000 2010 3,750,000 September 30, 2018 $ 5,250,000 2010 3,750,000 December 31, 2018 $ 20,125,000 2010 3,750,000 March 31, 2019 $ 20,125,000 2011 3,750,000 June 30, 2019 $ 20,125,000 Tranche A 2011 3,750,000 September 30, 2011 3,750,000 December 31, 2011 3,750,000 March 31, 2012 3,750,000 Term Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.104,250,000 (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class shall be applied (i) to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed (i) first, in writing by direct order of maturity to the Borrower (or, if scheduled repayments occurring in the Borrower fails to so direct twelve months following the application date of any such prepayment, such prepayment shall be applied and (ii) second, ratably to reduce the subsequent remaining scheduled repayments. If the initial aggregate amount of the Lenders’ Term Commitments exceeds the aggregate principal amount of Term Loans that are made on the Effective Date, then the scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied reduced ratably by an aggregate amount equal to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsexcess. (d) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) of such selection election not later than 11:00 a.m.1:00 p.m., New York City time, three Business Days before the scheduled date of such repayment. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (RedPrairie Holding, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower The Company shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior below in an amount equal to the Funding Date) in the aggregate principal amount percentage set forth opposite such date: date of the original aggregate principal amount of the Term Loans made on the Effective Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment (as such amounts may be adjusted pursuant to paragraph (c) of this Section): Date Amount March 31, the Borrower shall repay Incremental Term Loans of any Class as provided in the applicable Incremental Facility Amendment.2015 1.25 % June 30, 2015 1.25 % September 30, 2015 1.25 % December 31, 2015 1.25 % March 31, 2016 2.50 % June 30, 2016 2.50 % September 30, 2016 2.50 % December 31, 2016 2.50 % March 31, 2017 2.50 % June 30, 2017 2.50 % September 30, 2017 2.50 % December 31, 2017 2.50 % March 31, 2018 2.50 % June 30, 2018 2.50 % September 30, 2018 2.50 % December 31, 2018 2.50 % (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the Incremental Term Maturity Date applicable Incremental Facility Amendmentthereto. (c) Any prepayment of a Tranche A Term Borrowing shall be applied to reduce the subsequent scheduled repayments (including the payment due at maturity) of the Tranche A Term Borrowings to be made pursuant to this Section (i) in the case of voluntary prepayments pursuant to Section 2.10(a), as directed by the Company and (ii) in the case of mandatory prepayments pursuant to Section 2.10(c), ratably based on the amount of such scheduled repayments. Any prepayment of an Incremental Term Borrowing of any Class Series shall be applied to reduce the subsequent scheduled repayments of the Incremental Term Borrowings of such Class Series to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application of any such prepayment, such prepayment shall be applied to reduce specified therefor in the subsequent scheduled repayments of Incremental Facility Agreement establishing the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any Commitments of such Series. Any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of as set forth in such Class to be made pursuant to this Section ratably based on the amount of such scheduled repaymentsSection. (d) Prior to (or, in the case of any ABR Loan, at the time of) any repayment of any Term Borrowings Borrowing of any Class under this Section, the Borrower Company 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, facsimile delivery or other electronic imagingfacsimile) of such selection not later than 11:00 a.m.12:00 noon, New York City time, (i) three Business Days before the scheduled date of such repayment in the case of a LIBOR or EURIBOR Borrowing or (ii) on the date of such repayment, in the case of an ABR Term Borrowing. Each repayment of a Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term 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 2.15.

Appears in 1 contract

Samples: Credit Agreement (Knowles Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche A Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount March 31, 2020 $3,750,000 June 30, 2020 $3,750,000 September 30, 2020 $3,750,000 December 31, 2014 $ 2,625,000 2020 $3,750,000 March 31, 2015 $ 2,625,000 2021 $5,625,000 June 30, 2015 $ 2,625,000 2021 $5,625,000 September 30, 2015 $ 2,625,000 2021 $5,625,000 December 31, 2015 $ 3,500,000 2021 $5,625,000 March 31, 2016 $ 3,500,000 2022 $5,625,000 June 30, 2016 $ 3,500,000 2022 $5,625,000 September 30, 2016 $ 3,500,000 2022 $5,625,000 December 31, 2016 $ 3,500,000 2022 $5,625,000 March 31, 2017 $ 3,500,000 2023 $5,625,000 June 30, 2017 $ 3,500,000 2023 $5,625,000 September 30, 2017 $ 3,500,000 2023 $5,625,000 December 31, 2017 $ 5,250,000 2023 $5,625,000 March 31, 2018 $ 5,250,000 2024 $5,625,000 June 30, 2018 $ 5,250,000 2024 $5,625,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 2024 $5,625,000 Tranche A Term Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph (c) Outstanding Principal Amount of this Section, the Borrower shall repay Incremental all Tranche A Term Loans of any Class as provided in the applicable Incremental Facility Amendment.Loans (b) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentDate. (c) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section (i) in the case of a prepayment pursuant to Section 2.10(a), as directed in writing by the Borrower and (or, if ii) in the Borrower fails to so direct the application case of any such prepayment, such a prepayment shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section 2.10(c), (x) first, in direct order of maturity)maturity to the scheduled repayments occurring in the twenty-four months following the date of such prepayment and (y) second, ratably to the remaining scheduled repayments based on the amount of such scheduled repayments; provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 2.22 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e2.10(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.e-mail or

Appears in 1 contract

Samples: Credit Agreement (YETI Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower The Company shall repay Tranche A Initial Term Loan Borrowings on the last Business Day of each date set forth belowApril, beginning July, October and January, commencing with the date that is the last day Business Day of the first full fiscal quarter of Holdings after the Funding Company following the Closing Date (it being understood that and ending with the Borrower shall not be required last such Business Day to make payments under this Section 2.10 on any date that is occur prior to the Funding Term Maturity Date) , in an aggregate principal amount for each such date equal to the percentage set forth below opposite the applicable date of the aggregate principal amount set forth opposite of the Initial Term Loan Borrowings outstanding on the Closing Date (as such date: Date Amount December 31, 2014 $ 2,625,000 March 31, 2015 $ 2,625,000 June 30, 2015 $ 2,625,000 September 30, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 Subject to adjustment amount shall be adjusted pursuant to paragraph (cd) of this Section, the Section 2.11). January 2018 0.625 % April 2018 0.625 % July 2018 0.625 % October 2018 0.625 % January 2019 1.25 % April 2019 1.25 % July 2019 1.25 % October 2019 1.25 % January 2020 1.875 % April 2020 1.875 % July 2020 1.875 % October 2020 1.875 % January 2021 3.75 % April 2021 3.75 % July 2021 3.75 % October 2021 3.75 % January 2022 3.75 % April 2022 3.75 % July 2022 3.75 % (b) The applicable Borrower shall repay Incremental Term Loans of any Class Series in such amounts and on such date or dates as provided shall be specified therefor in the applicable Incremental Facility Amendment establishing the Incremental Term Commitments of such Series (as such amount shall be adjusted pursuant to paragraph (d) of this Section 2.11 or pursuant to such Incremental Facility Amendment). (bc) To the extent not previously paid, (i) all Tranche A Initial Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the applicable Incremental Facility AmendmentTerm Maturity Date. (cd) Any optional prepayment of a Term Borrowing Loans of any Class pursuant to Section 2.12(a) shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings Loans of such Class to be made pursuant to this Section 2.11 as directed in writing by the Borrower Company (orand absent such direction, if in direct order of maturity thereof) and may be applied to the Borrower fails Initial Term Loans or any Incremental Term Loans, in any case, as directed by the Company (and absent such direction, in direct order of maturity thereof). All mandatory prepayments of Term Loans pursuant to so direct the application of any such prepayment, such prepayment Section 2.12(b) shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class Loans to be made pursuant to this Section 2.11 to the scheduled installments in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on the amount of such scheduled repayments. (d) Prior to any repayment of any Term Borrowings 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, facsimile or other electronic imaging) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Abm Industries Inc /De/)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section, the Borrower Term Borrowers shall repay Tranche A Term Borrowings Loans on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount March 31, 20142016 $ 2,187,5003,437,500 June 30, 20142016 $ 2,187,5003,437,500 September 30, 20142016 $ 2,187,5003,437,500 December 31, 2014 20142016 $ 2,625,000 2,187,5003,437,500 March 31, 2015 20152017 $ 2,625,000 2,187,5003,437,500 June 30, 2015 20152017 $ 2,625,000 2,187,5003,437,500 September 30, 2015 20152017 $ 2,625,000 2,187,5003,437,500 December 31, 2015 20152017 $ 3,500,000 2,187,5003,437,500 March 31, 2016 20162018 $ 3,500,000 2,187,5003,437,500 June 30, 2016 20162018 $ 3,500,000 2,187,5003,437,500 September 30, 2016 20162018 $ 3,500,000 2,187,5003,437,500 December 31, 2016 20162018 $ 3,500,000 2,187,5005,156,250 March 31, 2017 20172019 $ 3,500,000 3,281,2505,156,250 June 30, 2017 20172019 $ 3,500,000 3,281,2505,156,250 September 30, 2017 20172019 $ 3,500,000 3,281,2505,156,250 December 31, 2017 20172019 $ 5,250,000 3,281,2505,156,250 March 31, 2018 20182020 $ 5,250,000 3,281,2505,156,250 June 30, 2018 $ 5,250,000 3,281,250 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 3,281,250 Tranche A Maturity Date $ 20,125,000 Subject to adjustment pursuant to paragraph 125,781,250202,812,500 (cb) of this Section, the The Parent Borrower shall repay Incremental Term Loans of any Class Series in such amounts and on such date or dates as provided shall be specified therefor in the applicable Incremental Facility AmendmentAgreement establishing the Incremental Term Commitments of such Series (as such amounts may be adjusted pursuant to paragraph (d) of this Section or pursuant to such Incremental Facility Agreement). (bc) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Term Maturity Date and (ii) all Incremental Term Loans of any Class Series shall be due and payable on the maturity date set forth in the Incremental Term Maturity Date applicable Incremental Facility Amendmentthereto. (cd) Any mandatory prepayment of a Tranche A Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section as directed in writing by the Borrower (or, if the Borrower fails to so direct the application ratably. Any optional prepayment of a Tranche A Term Borrowing of any such prepayment, such prepayment Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based on as directed by the amount of such scheduled repaymentsParent Borrower. (de) Prior to any repayment of any Tranche A Term Borrowings of any Class under this Sectionhereunder, the Parent Borrower (on behalf of itself and the applicable Subsidiary Term 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, facsimile or other electronic imagingtelecopy) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Tranche A Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Replacement Facility Amendment (Trimas Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (ce) of this Section, the Borrower shall repay Tranche A B Term Borrowings on each date set forth below, beginning with the date that is the last day of the first full fiscal quarter of Holdings after the Funding Date (it being understood that the Borrower shall not be required to make payments under this Section 2.10 on any date that is prior to the Funding Date) below in the aggregate principal amount set forth opposite such date: Date Amount December 31, 2014 2005 $ 2,625,000 50,844,759.19 March 31, 2015 2006 $ 2,625,000 June 3051,135,749.86 August 4, 2015 2006 $ 2,625,000 51,135,749.87 The foregoing amortization schedule does not reflect prepayments of Tranche B Term Borrowings made on or after September 3017, 2015 $ 2,625,000 December 31, 2015 $ 3,500,000 March 31, 2016 $ 3,500,000 June 30, 2016 $ 3,500,000 September 30, 2016 $ 3,500,000 December 31, 2016 $ 3,500,000 March 31, 2017 $ 3,500,000 June 30, 2017 $ 3,500,000 September 30, 2017 $ 3,500,000 December 31, 2017 $ 5,250,000 March 31, 2018 $ 5,250,000 June 30, 2018 $ 5,250,000 September 30, 2018 $ 5,250,000 December 31, 2018 $ 20,125,000 March 31, 2019 $ 20,125,000 June 30, 2019 $ 20,125,000 Tranche A Maturity Date $ 20,125,000 2003. (b) Subject to adjustment pursuant to paragraph (ce) of this Section, the Borrower shall repay Incremental Tranche C Term Loans of any Class as provided Borrowings on each date set forth below in the applicable Incremental Facility Amendmentaggregate principal amount set forth opposite such date: September 30, 2006 $ 1,407,511.61 December 31, 2006 $ 54,494,530.48 March 31, 2007 $ 54,494,530.48 August 4, 2007 $ 54,494,530.50 The foregoing amortization schedule does not reflect prepayments of Tranche C Term Borrowings made on or after September 17, 2003. (bc) Subject to adjustment pursuant to paragraph (e) of this Section, the Borrower shall repay Tranche D Term Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: September 30, 2006 $ 835,425.81 December 31, 2006 $ 32,345,119.72 March 31, 2007 $ 32,345,119.72 August 4, 2007 $ 32,345,119.72 The foregoing amortization schedule does not reflect prepayments of Tranche D Term Borrowings made on or after September 17, 2003. (d) To the extent not previously paid, (i) all Tranche A B Term Loans shall be due and payable on the Tranche A Term B Maturity Date and Date, (ii) all Incremental Tranche C Term Loans of any Class shall be due and payable on the maturity date set forth in Tranche C Maturity Date and (iii) all Tranche D Term Loans shall be due and payable on the applicable Incremental Facility AmendmentTranche D Maturity Date. (ce) Any prepayment of a Term Borrowing of any Class shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings Borrowing of such Class to be made pursuant to this Section as directed in writing by the Borrower ratably, provided that (or, if the Borrower fails i) any prepayment made pursuant to so direct the application of any such prepayment, such prepayment Sections 2.11(c)(i) and 2.11(c)(ii) shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of the applicable Class to be made pursuant to this Section in direct order of maturity); provided that (A) any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment, (B) any prepayment of Term Borrowings of any Class contemplated by Section 2.23 shall be applied to subsequent scheduled repayments as provided in such Section and (C) if any Lender elects to decline a mandatory prepayment of a Term Borrowing in accordance with Section 2.11(e), then the portion of such prepayment not so declined shall be applied to reduce the subsequent repayments of such Term Borrowing to be made pursuant to this Section ratably based on the amount of such scheduled repayments. Furthermore, in the event that the Term Loans of any Class are cancelled in accordance with Section 9.04(e)(v), the aggregate principal amount of Term Loans of such Class so cancelled shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably based in reverse chronological order, (ii) the prepayments made pursuant to Section 2.11(c)(iv) shall be applied to reduce the scheduled repayments of Term Borrowings of such Class in chronological order and (iii) prepayments shall be applied to reduce the scheduled repayments of Term Borrowings in chronological order to the extent required by Section 2.11(e)(iii). After giving effect to all adjustments pursuant to the preceding sentence to reflect prepayments made on or prior to the Restatement Effective Date, the scheduled repayments of Tranche D Term Borrowings set forth in paragraph (c) of this Section shall be increased by an aggregate amount equal to the principal amount of Additional Term Loans made on the amount Restatement Effective Date, with such increase to be allocated ratably among the scheduled repayments due on each scheduled payment date. Promptly after the Restatement Effective Date, the Administrative Agent shall determine the amounts of the remaining scheduled repayments of the Term Loans and notify the Borrower and the Lenders of such scheduled repaymentsamounts. (df) Prior to any repayment of any Term Borrowings of any Class under this Sectionhereunder, 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, facsimile or other electronic imagingtelecopy) 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 Term Borrowing shall be applied ratably to the Loans included in the repaid Term Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (On Semiconductor Corp)

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