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 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increase, Finance shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on September 30, 2018) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: 105 Payment Date Amortization Payment September 30, 2018 $ 18,750,000 December 31, 2018 $ 18,750,000 March 31, 2019 $ 18,750,000 June 30, 2019 $ 18,750,000 September 30, 2019 $ 18,750,000 December 31, 2019 $ 18,750,000 March 31, 2020 $ 18,750,000 June 30, 2020 $ 18,750,000 September 30, 2020 $ 18,750,000 December 31, 2020 $ 18,750,000 March 31, 2021 $ 18,750,000 June 30, 2021 $ 18,750,000 September 30, 2021 $ 18,750,000 December 31, 2021 $ 18,750,000 March 31, 2022 $ 18,750,000 June 30, 2022 $ 18,750,000 September 30, 2022 $ 18,750,000 December 31, 2022 $ 18,750,000 March 31, 2023 $ 18,750,000 June 30, 2023 $ 18,750,000 September 30, 2023 $ 18,750,000 December 31, 2023 $ 18,750,000 March 31, 2024 $ 18,750,000 June 30, 2024 $ 18,750,000 September 30, 2024 $ 18,750,000 December 31, 2024 $ 18,750,000 To the extent not previously paid, all Initial Term Loans shall be due and payable on the Initial Term Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Graftech International LTD), Credit Agreement (Graftech International LTD)

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Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section 2.10 and increases in connection with fungible increases Section, the Borrower shall repay to the Administrative Agent, for the account of each Initial Term Loans to reflect the equivalent amortization for such fungible increaseLender, Finance shall repay Borrowings of Initial Term Loans Borrowings on the last day of each March, June, September and December (commencing on September 30, 2018) date set forth below in the aggregate principal amount of Initial Term Loans as follows; set forth opposite such date (provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: 105 Payment ): Date Amortization Payment September 30, 2018 $ 18,750,000 December 31, 2018 $ 18,750,000 March 31, 2019 $ 18,750,000 June 30, 2019 $ 18,750,000 September 30, 2019 $ 18,750,000 December 31, 2019 $ 18,750,000 March 31, 2020 $ 18,750,000 Amount June 30, 2020 $ 18,750,000 $1,500,000 September 30, 2020 $ 18,750,000 $1,500,000 December 31, 2020 $ 18,750,000 $1,500,000 Date Amount March 31, 2021 $ 18,750,000 $1,500,000 June 30, 2021 $ 18,750,000 $1,500,000 September 30, 2021 $ 18,750,000 $1,500,000 December 31, 2021 $ 18,750,000 $1,500,000 March 31, 2022 $ 18,750,000 $1,500,000 June 30, 2022 $ 18,750,000 $1,500,000 September 30, 2022 $ 18,750,000 $1,500,000 December 31, 2022 $ 18,750,000 $1,500,000 March 31, 2023 $ 18,750,000 $1,500,000 June 30, 2023 $ 18,750,000 $1,500,000 September 30, 2023 $ 18,750,000 $1,500,000 December 31, 2023 $ 18,750,000 $1,500,000 March 31, 2024 $ 18,750,000 $1,500,000 June 30, 2024 $ 18,750,000 $1,500,000 September 30, 2024 $ 18,750,000 $1,500,000 December 31, 2024 $ 18,750,000 To the extent not previously paid$1,500,000 March 31, all 2025 $1,500,000 June 30, 2025 $1,500,000 September 30, 2025 $1,500,000 December 31, 2025 $1,500,000 March 31, 2026 $1,500,000 June 30, 2026 $1,500,000 September 30, 2026 $1,500,000 December 31, 2026 $1,500,000 Term Maturity Date Balance of any remaining outstanding principal amount of Initial Term Loans shall be due and payable on the Initial Term Maturity Date.Loans

Appears in 2 contracts

Samples: Credit Agreement (Arconic Inc.), Credit Agreement (Arconic Rolled Products Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increaseincreases, Finance the Borrower shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on September June 30, 20182020) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: 105 Payment Date Amortization Payment September 30, 2018 $ 18,750,000 December 31, 2018 $ 18,750,000 March 31, 2019 $ 18,750,000 June 30, 2019 $ 18,750,000 September 30, 2019 $ 18,750,000 December 31, 2019 $ 18,750,000 March 31, 2020 $ 18,750,000 PAYMENT DATE AMORTIZATION PAYMENT June 30, 2020 $ 18,750,000 5,300,000 September 30, 2020 $ 18,750,000 5,300,000 December 31, 2020 $ 18,750,000 5,300,000 March 31, 2021 $ 18,750,000 5,300,000 June 30, 2021 $ 18,750,000 5,300,000 September 30, 2021 $ 18,750,000 5,300,000 December 31, 2021 $ 18,750,000 5,300,000 March 31, 2022 $ 18,750,000 5,300,000 June 30, 2022 $ 18,750,000 5,300,000 September 30, 2022 $ 18,750,000 5,300,000 December 31, 2022 $ 18,750,000 5,300,000 March 31, 2023 $ 18,750,000 5,300,000 June 30, 2023 $ 18,750,000 5,300,000 September 30, 2023 $ 18,750,000 5,300,000 December 31, 2023 $ 18,750,000 5,300,000 March 31, 2024 $ 18,750,000 5,300,000 June 30, 2024 $ 18,750,000 5,300,000 September 30, 2024 $ 18,750,000 5,300,000 December 31, 2024 $ 18,750,000 To the extent not previously paid5,300,000 March 31, all Initial Term Loans shall be due and payable on the Initial 2025 $ 5,300,000 June 30, 2025 $ 5,300,000 September 30, 2025 $ 5,300,000 December 31, 2025 $ 5,300,000 March 31, 2026 $ 5,300,000 June 30, 2026 $ 5,300,000 September 30, 2026 $ 5,300,000 Term Maturity Date.Date Remainder

Appears in 2 contracts

Samples: Credit Agreement (Sotera Health Co), Credit Agreement (Sotera Health Topco, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to 2.10, the Initial Term Loans to reflect the equivalent amortization for such fungible increase, Finance Borrower shall repay Borrowings of Initial Term Loans on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on September June 30, 20182020) in the aggregate principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately next preceding Business Day: 105 Term Loan Payment Date Amortization Payment September 30, 2018 $ 18,750,000 December 31, 2018 $ 18,750,000 March 31, 2019 $ 18,750,000 June 30, 2019 $ 18,750,000 September 30, 2019 $ 18,750,000 December 31, 2019 $ 18,750,000 March 31, 2020 $ 18,750,000 June 30, 2020 $ 18,750,000 $7023,512,500 September 30, 2020 $ 18,750,000 $7023,512,500 December 31, 2020 $ 18,750,000 $7023,512,500 March 31, 2021 $ 18,750,000 $7023,512,500 June 30, 2021 $ 18,750,000 $7023,512,500 September 30, 2021 $ 18,750,000 $7023,512,500 December 31, 2021 $ 18,750,000 $7023,512,500 March 31, 2022 $ 18,750,000 $7023,512,500 June 30, 2022 $ 18,750,000 $7023,512,500 September 30, 2022 $ 18,750,000 $7023,512,500 December 31, 2022 $ 18,750,000 $7023,512,500 March 31, 2023 $ 18,750,000 $7023,512,500 June 30, 2023 $ 18,750,000 $7023,512,500 September 30, 2023 $ 18,750,000 $7023,512,500 December 31, 2023 $ 18,750,000 $7023,512,500 March 31, 2024 $ 18,750,000 $7023,512,500 June 30, 2024 $ 18,750,000 $7023,512,500 September 30, 2024 $ 18,750,000 $7023,512,500 December 31, 2024 $ 18,750,000 To the extent not previously paid$7023,512,500 March 31, 2025 $7023,512,500 June 30, 2025 $7023,512,500 September 30, 2025 $7023,512,500 December 31, 2025 $7023,512,500 March 31, 2026 $7023,512,500 June 30, 2026 $7023,512,500 September 30, 2026 $7023,512,500 December 31, 2026 $7023,512,500 Term Maturity Date Remaining aggregate principal amount of all outstanding Initial Term Loans shall be due and payable on the Initial Term Maturity Date.Loans

Appears in 1 contract

Samples: Credit Agreement (Atlas Technical Consultants, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to 2.10, the Initial Term Loans to reflect the equivalent amortization for such fungible increase, Finance Borrower shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on September 30, 20182017) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: 105 . Payment Date Amortization Payment September 30, 2017 $ 750,000 December 31, 2017 $ 750,000 March 31, 2018 $ 18,750,000 750,000 June 30, 2018 $ 750,000 September 30, 2018 $ 750,000 December 31, 2018 $ 18,750,000 750,000 March 31, 2019 $ 18,750,000 750,000 June 30, 2019 $ 18,750,000 750,000 September 30, 2019 $ 18,750,000 750,000 December 31, 2019 $ 18,750,000 750,000 March 31, 2020 $ 18,750,000 750,000 June 30, 2020 $ 18,750,000 750,000 September 30, 2020 $ 18,750,000 750,000 December 31, 2020 $ 18,750,000 750,000 March 31, 2021 $ 18,750,000 750,000 June 30, 2021 $ 18,750,000 750,000 September 30, 2021 $ 18,750,000 750,000 December 31, 2021 $ 18,750,000 750,000 March 31, 2022 $ 18,750,000 750,000 June 30, 2022 $ 18,750,000 750,000 September 30, 2022 $ 18,750,000 750,000 December 31, 2022 $ 18,750,000 750,000 March 31, 2023 $ 18,750,000 750,000 June 30, 2023 $ 18,750,000 750,000 September 30, 2023 $ 18,750,000 750,000 December 31, 2023 $ 18,750,000 750,000 March 31, 2024 $ 18,750,000 June 30, 2024 $ 18,750,000 September 30, 2024 $ 18,750,000 December 31, 2024 $ 18,750,000 To the extent not previously paid, all Initial Term Loans shall be due and payable on the Initial Term Maturity Date.750,000

Appears in 1 contract

Samples: Term Loan Credit Agreement (Installed Building Products, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increase, Finance shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on September 30, 2018) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: 105 Payment Date Amortization Payment September 30, 2018 $ 18,750,000 28,125,000 December 31, 2018 $ 18,750,000 28,125,000 March 31, 2019 $ 18,750,000 28,125,000 June 30, 2019 $ 18,750,000 28,125,000 September 30, 2019 $ 18,750,000 28,125,000 December 31, 2019 $ 18,750,000 28,125,000 March 31, 2020 $ 18,750,000 28,125,000 June 30, 2020 $ 18,750,000 28,125,000 September 30, 2020 $ 18,750,000 28,125,000 December 31, 2020 $ 18,750,000 28,125,000 March 31, 2021 $ 18,750,000 28,125,000 June 30, 2021 $ 18,750,000 28,125,000 September 30, 2021 $ 18,750,000 28,125,000 December 31, 2021 $ 18,750,000 28,125,000 March 31, 2022 $ 18,750,000 28,125,000 June 30, 2022 $ 18,750,000 28,125,000 September 30, 2022 $ 18,750,000 28,125,000 December 31, 2022 $ 18,750,000 28,125,000 March 31, 2023 $ 18,750,000 28,125,000 June 30, 2023 $ 18,750,000 28,125,000 September 30, 2023 $ 18,750,000 28,125,000 December 31, 2023 $ 18,750,000 28,125,000 March 31, 2024 $ 18,750,000 28,125,000 June 30, 2024 $ 18,750,000 28,125,000 September 30, 2024 $ 18,750,000 28,125,000 December 31, 2024 $ 18,750,000 28,125,000 To the extent not previously paid, all Initial Term Loans shall be due and payable on the Initial Term Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Graftech International LTD)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases 2.10, the Borrower hereby agrees to the Initial repay Term Loans to reflect the equivalent amortization for such fungible increase, Finance shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on September June 30, 20182017) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately next preceding Business Day: 105 Payment Date Amortization Payment PAYMENT DATE AMORTIZATION PAYMENT June 30, 2017 $8,486,250 September 30, 2017 $8,486,250 December 31, 2017 $8,486,250 March 31, 2018 $8,486,250 June 30, 2018 $8,486,250 September 30, 2018 $ 18,750,000 $8,486,250 December 31, 2018 $ 18,750,000 $8,486,250 March 31, 2019 $ 18,750,000 $8,486,250 June 30, 2019 $ 18,750,000 $8,486,250 September 30, 2019 $ 18,750,000 $8,486,250 December 31, 2019 $ 18,750,000 $8,486,250 March 31, 2020 $ 18,750,000 $8,486,250 June 30, 2020 $ 18,750,000 $8,486,250 September 30, 2020 $ 18,750,000 $8,486,250 December 31, 2020 $ 18,750,000 $8,486,250 March 31, 2021 $ 18,750,000 $8,486,250 June 30, 2021 $ 18,750,000 $8,486,250 September 30, 2021 $ 18,750,000 $8,486,250 December 31, 2021 $ 18,750,000 $8,486,250 March 31, 2022 $ 18,750,000 June 30, 2022 $ 18,750,000 September 30, 2022 $ 18,750,000 December 31, 2022 $ 18,750,000 March 31, 2023 $ 18,750,000 June 30, 2023 $ 18,750,000 September 30, 2023 $ 18,750,000 December 31, 2023 $ 18,750,000 March 31, 2024 $ 18,750,000 June 30, 2024 $ 18,750,000 September 30, 2024 $ 18,750,000 December 31, 2024 $ 18,750,000 To the extent not previously paid, all Initial Term Loans shall be due and payable on the Initial $8,486,250 $8,486,250 $8,486,250 $8,486,250 Term Maturity Date.Date Remainder

Appears in 1 contract

Samples: Credit Agreement (Endurance International Group Holdings, Inc.)

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Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to 2.10, the Initial Term Loans to reflect the equivalent amortization for such fungible increase, Finance Borrower shall repay Borrowings of Initial Term Loans on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on September 30December 31, 20182021) in the aggregate principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately next preceding Business Day: 105 Term Loan Payment Date Amortization Payment September 30, 2018 $ 18,750,000 December 31, 2018 $ 18,750,000 March 31, 2019 $ 18,750,000 June 30, 2019 $ 18,750,000 September 30, 2019 $ 18,750,000 December 31, 2019 $ 18,750,000 March 31, 2020 $ 18,750,000 June 30, 2020 $ 18,750,000 September 30, 2020 $ 18,750,000 December 31, 2020 $ 18,750,000 March 31, 2021 $ 18,750,000 June 30, 2021 $ 18,750,000 September 30, 2021 $ 18,750,000 December 31, 2021 $ 18,750,000 2,187,500 March 31, 2022 $ 18,750,000 2,187,500 June 30, 2022 $ 18,750,000 2,187,500 September 30, 2022 $ 18,750,000 2,187,500 December 31, 2022 $ 18,750,000 2,187,500 March 31, 2023 $ 18,750,000 2,187,500 June 30, 2023 $ 18,750,000 2,187,500 September 30, 2023 $ 18,750,000 2,187,500 December 31, 2023 $ 18,750,000 2,187,500 March 31, 2024 $ 18,750,000 2,187,500 June 30, 2024 $ 18,750,000 2,187,500 September 30, 2024 $ 18,750,000 2,187,500 December 31, 2024 $ 18,750,000 To the extent not previously paid2,187,500 March 31, 2025 $ 2,187,500 June 30, 2025 $ 2,187,500 September 30, 2025 $ 2,187,500 December 31, 2025 $ 2,187,500 March 31, 2026 $ 2,187,500 June 30, 2026 $ 2,187,500 September 30, 2026 $ 2,187,500 December 31, 2026 $ 2,187,500 March 31, 2027 $ 2,187,500 June 30, 2027 $ 2,187,500 Term Maturity Date Remaining aggregate principal amount of all outstanding Initial Term Loans shall be due and payable on the Initial Term Maturity Date.Loans

Appears in 1 contract

Samples: Credit Agreement (American Public Education Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to 2.10, the Initial Term Loans to reflect the equivalent amortization for such fungible increase, Finance Borrower shall repay Borrowings of Initial Term Loans on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on September June 30, 20182020) in the aggregate principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately next preceding Business Day: 105 Term Loan Payment Date Amortization Payment September 30, 2018 $ 18,750,000 December 31, 2018 $ 18,750,000 March 31, 2019 $ 18,750,000 June 30, 2019 $ 18,750,000 September 30, 2019 $ 18,750,000 December 31, 2019 $ 18,750,000 March 31, 2020 $ 18,750,000 June 30, 2020 $ 18,750,000 702,500 September 30, 2020 $ 18,750,000 702,500 December 31, 2020 $ 18,750,000 702,500 March 31, 2021 $ 18,750,000 702,500 June 30, 2021 $ 18,750,000 702,500 September 30, 2021 $ 18,750,000 702,500 December 31, 2021 $ 18,750,000 702,500 March 31, 2022 $ 18,750,000 702,500 June 30, 2022 $ 18,750,000 702,500 September 30, 2022 $ 18,750,000 702,500 December 31, 2022 $ 18,750,000 702,500 March 31, 2023 $ 18,750,000 702,500 June 30, 2023 $ 18,750,000 702,500 September 30, 2023 $ 18,750,000 702,500 December 31, 2023 $ 18,750,000 702,500 March 31, 2024 $ 18,750,000 702,500 June 30, 2024 $ 18,750,000 702,500 September 30, 2024 $ 18,750,000 702,500 December 31, 2024 $ 18,750,000 To the extent not previously paid702,500 March 31, 2025 $ 702,500 June 30, 2025 $ 702,500 September 30, 2025 $ 702,500 December 31, 2025 $ 702,500 March 31, 2026 $ 702,500 June 30, 2026 $ 702,500 September 30, 2026 $ 702,500 December 31, 2026 $ 702,500 Term Maturity Date Remaining aggregate principal amount of all outstanding Initial Term Loans shall be due and payable on the Initial Term Maturity Date.Loans

Appears in 1 contract

Samples: Credit Agreement (Atlas Technical Consultants, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to 2.10, the Initial Term Loans to reflect the equivalent amortization for such fungible increase, Finance Borrower shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on September 30December 31, 20182015) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: 105 . Payment Date Amortization Payment December 31, 2015 $ 1,375,000 March 31, 2016 $ 1,375,000 June 30, 2016 $ 1,375,000 September 30, 2016 $ 1,375,000 December 31, 2016 $ 1,375,000 March 31, 2017 $ 1,375,000 June 30, 2017 $ 1,375,000 September 30, 2017 $ 1,375,000 December 31, 2017 $ 1,375,000 March 31, 2018 $ 1,375,000 June 30, 2018 $ 1,375,000 September 30, 2018 $ 18,750,000 1,375,000 December 31, 2018 $ 18,750,000 1,375,000 March 31, 2019 $ 18,750,000 1,375,000 June 30, 2019 $ 18,750,000 1,375,000 September 30, 2019 $ 18,750,000 1,375,000 December 31, 2019 $ 18,750,000 1,375,000 March 31, 2020 $ 18,750,000 1,375,000 June 30, 2020 $ 18,750,000 1,375,000 September 30, 2020 $ 18,750,000 1,375,000 December 31, 2020 $ 18,750,000 1,375,000 March 31, 2021 $ 18,750,000 1,375,000 June 30, 2021 $ 18,750,000 1,375,000 September 30, 2021 $ 18,750,000 1,375,000 December 31, 2021 $ 18,750,000 1,375,000 March 31, 2022 $ 18,750,000 1,375,000 June 30, 2022 $ 18,750,000 September 30, 2022 $ 18,750,000 December 31, 2022 $ 18,750,000 March 31, 2023 $ 18,750,000 June 30, 2023 $ 18,750,000 September 30, 2023 $ 18,750,000 December 31, 2023 $ 18,750,000 March 31, 2024 $ 18,750,000 June 30, 2024 $ 18,750,000 September 30, 2024 $ 18,750,000 December 31, 2024 $ 18,750,000 To the extent not previously paid, all Initial Term Loans shall be due and payable on the Initial Term Maturity Date.1,375,000

Appears in 1 contract

Samples: Term Loan (Builders FirstSource, Inc.)

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