Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Term Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: DATE AMOUNT ---- ------ September 30, 2003 $1,750,000 December 31, 2003 1,750,000 March 31, 2004 1,750,000 June 30, 2004 1,750,000 September 30, 2004 1,750,000 December 31, 2004 1,750,000 March 31, 2005 1,750,000 June 30, 2005 1,750,000 September 30, 2005 2,625,000 December 30, 2005 2,625,000 March 31, 2006 2,625,000 June 30, 2006 2,625,000 September 29, 2006 3,500,000 December 29, 2006 3,500,000 March 30, 2007 3,500,000 June 29, 2007 3,500,000 September 28, 2007 3,500,000 December 31, 2007 3,500,000 March 31, 2008 3,500,000 June 30, 2008 3,500,000 September 30, 2008 5,250,000 December 31, 2008 5,250,000 DATE AMOUNT ---- ------ March 31, 2009 5,250,000 June 30, 2009 5,250,000 November 30, 2009 66,500,000 (b) To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date. (c) Any prepayment of a Term Borrowing 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 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), to reduce the subsequent scheduled repayments of the Term Borrowings to be made pursuant to this Section ratably. (d) Prior to any repayment of any Term Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 11:00 a.m., New York City time, (i) three Business Days before the scheduled date of such repayment 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 Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.
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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 in the aggregate principal amount set forth opposite such date: DATE AMOUNT ---- ------ September 30, 2003 $1,750,000 December 31, 2003 1,750,000 March 31, 2004 1,750,000 June 30, 2004 1,750,000 September 30, 2004 1,750,000 December 31, 2004 1,750,000 March 31, 2005 1,750,000 June 30, 2005 1,750,000 September 30, 2005 2,625,000 December 30, 2005 2,625,000 March 31, 2006 2,625,000 June 30, 2006 2,625,000 September 29, 2006 3,500,000 December 29, 2006 3,500,000 March 30, 2007 3,500,000 June 29, 2007 3,500,000 September 28, 2007 3,500,000 December 31, 2007 3,500,000 March 31, 2008 3,500,000 June 30, 2008 3,500,000 September 30, 2008 5,250,000 December 31, 2008 5,250,000 DATE AMOUNT Date Amount ---- ------ March 31, 2009 5,250,000 1999 18,750,000 June 30, 2009 5,250,000 November 1999 18,750,000 September 30, 2009 66,500,0001999 18,750,000 December 31, 1999 18,750,000 March 31, 2000 37,500,000 June 30, 2000 37,500,000 September 30, 2000 37,500,000 December 31, 2000 37,500,000 March 31, 2001 56,250,000 June 30, 2001 56,250,000 September 30, 2001 56,250,000 December 31, 2001 56,250,000 March 31, 2002 75,000,000 June 30, 2002 75,000,000 September 30, 2002 75,000,000 December 31, 2002 75,000,000
(b) Subject to adjustment pursuant to paragraph (d) of this Section, the Borrower shall repay Tranche B Term Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: Date Amount ---- ------ March 31, 1999 312,500 June 30, 1999 312,500 September 30, 1999 312,500 December 31, 1999 312,500 March 31, 2000 312,500 June 30, 2000 312,500 September 30, 2000 312,500 December 31, 2000 312,500 March 31, 2001 312,500 June 30, 2001 312,500 September 30, 2001 312,500 December 31, 2001 312,500 March 31, 2002 312,500 June 30, 2002 312,500 September 30, 2002 312,500 December 31, 2002 312,500 March 31, 2003 61,250,000 June 30, 2003 61,250,000 September 30, 2003 61,250,000 December 31, 2003 61,250,000
(c) To the extent not previously paid, (i) all Tranche A Term Loans shall be due and payable on the Tranche A Maturity Date and (ii) all Tranche B Term Loan Loans shall be due and payable on the Tranche B Maturity Date.
(cd) If the initial aggregate amount of the Lenders' Term Commitments of either Class exceeds the aggregate principal amount of Term Loans of such Class that are made on the Effective Date, then the scheduled repayments of Term Borrowings of such Class 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 either 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 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), ratably to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratablySection.
(de) Prior to any repayment of any Term Borrowings of either Class 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 telecopy) of such selection not later than 11:00 a.m., New York City time, (i) three Business Days before the scheduled date of such repayment; provided that each repayment in the case of Eurodollar Term Borrowings or (ii) one Business Day of either Class shall be applied to repay any outstanding ABR Term Borrowings of such Class before the scheduled date any other Borrowings of repayment in the case of ABR Borrowingssuch Class. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.
Appears in 1 contract
Samples: Credit Agreement (Usa Networks Inc)
Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Tranche B Term Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: DATE AMOUNT ---- ------ September 30, 2003 $1,750,000 December 31, 2003 1,750,000 March 31, 2004 1,750,000 June 30, 2004 1,750,000 September 30, 2004 1,750,000 December 31, 2004 1,750,000 March 31, 2005 1,750,000 June 30, 2005 1,750,000 September 30, 2005 2,625,000 December 30, 2005 2,625,000 March 31, 2006 2,625,000 $ 1,875,000 June 30, 2006 2,625,000 $ 1,875,000 September 2930, 2006 3,500,000 $ 1,875,000 December 2931, 2006 3,500,000 $ 1,875,000 March 31, 2007 $ 1,875,000 June 30, 2007 3,500,000 June 29$ 1,875,000 September 30, 2007 3,500,000 September 28, 2007 3,500,000 $ 1,875,000 December 31, 2007 3,500,000 $ 1,875,000 March 31, 2008 3,500,000 $ 1,875,000 June 30, 2008 3,500,000 $ 1,875,000 September 30, 2008 5,250,000 $ 1,875,000 December 31, 2008 5,250,000 DATE AMOUNT ---- ------ $ 1,875,000 March 31, 2009 5,250,000 $ 1,875,000 June 30, 2009 5,250,000 November $ 1,875,000 September 30, 2009 66,500,000$ 1,875,000 December 31, 2009 $ 1,875,000 March 31, 2010 $ 1,875,000 June 30, 2010 $ 1,875,000 September 30, 2010 $ 1,875,000 December 31, 2010 $ 1,875,000 March 31, 2011 $ 1,875,000 June 30, 2011 $ 1,875,000 Tranche B Maturity Date $ 708,750,000
(b) To the extent not previously paid, all Tranche B Term Loans shall be due and payable on the Term Loan Tranche B Maturity Date.
(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 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 made pursuant to Section 2.11(a), to reduce at the remaining subsequent scheduled repayments direction of the Term Borrowings pursuant to this Section in direct order of maturity Borrower and (ii) in the case of prepayments made pursuant to Section 2.11(c) or (d), Section 2.11(dratably to the remaining amortization payments set forth in paragraph (a) or Section 6.01(a)(viii), to reduce the subsequent scheduled repayments of the Term Borrowings to be made pursuant to this Section ratablyabove.
(d) Prior to any repayment of any Term Borrowings of any Class 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 telecopy) of such selection election not later than 11:00 a.m.12:00 p.m., New York City time, (i) three Business Days before the scheduled date of such repayment in the case of Eurodollar Borrowings or (ii) one Business Day before the scheduled date of repayment in the case of ABR Borrowingsrepayment. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.
Appears in 1 contract
Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this SectionSection 2.10, the Borrower shall repay the Term Borrowings Borrowing on each date set forth below in the aggregate principal amount set forth opposite such date: DATE AMOUNT ---- ------ September 30, 2003 $1,750,000 December 31, 2003 1,750,000 March 31, 2004 1,750,000 June 30, 2004 1,750,000 September 30, 2004 1,750,000 December 31, 2004 1,750,000 March 31, 2005 1,750,000 June 30, 2005 1,750,000 September 30, 2005 2,625,000 December 30, 2005 2,625,000 $ 637,500 March 31, 2006 2,625,000 $ 637,500 June 30, 2006 2,625,000 $ 637,500 September 2930, 2006 3,500,000 $ 637,500 December 2931, 2006 3,500,000 $ 637,500 March 31, 2007 $ 637,500 June 30, 2007 3,500,000 June 29$ 637,500 September 30, 2007 3,500,000 September 28, 2007 3,500,000 $ 637,500 December 31, 2007 3,500,000 $ 637,500 March 31, 2008 3,500,000 $ 637,500 June 30, 2008 3,500,000 $ 637,500 September 30, 2008 5,250,000 $ 637,500 December 31, 2008 5,250,000 DATE AMOUNT ---- ------ $ 637,500 March 31, 2009 5,250,000 $ 637,500 June 30, 2009 5,250,000 November $ 637,500 September 30, 2009 66,500,000$ 637,500 December 31, 2009 $ 637,500 March 31, 2010 $ 637,500 June 30, 2010 $ 637,500 September 30, 2010 $ 637,500 December 31, 2010 $ 637,500 March 31, 2011 $ 637,500 June 30, 2011 $ 637,500 September 30, 2011 $ 637,500 December 31, 2011 $ 637,500 March 31, 2012 $ 637,500 June 30, 2012 $ 637,500 Term Loan Maturity Date $ 237,787,500
(b) To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date.
(c) Any mandatory prepayment of a the Term Borrowing 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 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), to reduce the subsequent scheduled repayments of the Term Borrowings Borrowing to be made pursuant to this Section first, in direct order of the next four scheduled payments to become due under Section 2.10(a), and thereafter, ratably. Any optional prepayment of the Term Loans shall be applied to the remaining installments thereof as directed by the Borrower.
(d) Prior to any repayment of any the Term Borrowings Borrowing hereunder, the Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 11:00 a.m., New York City time, (i) three Business Days before the scheduled date of such repayment in the case of Eurodollar Borrowings or (ii) one Business Day before the scheduled date of repayment in the case of ABR Borrowingsrepayment. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of the Term Borrowings Borrowing shall be accompanied by accrued interest on the amount repaid.
Appears in 1 contract
Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay B Term Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: DATE AMOUNT date (each such repayment, as the same may be reduced as provided in Sections 2.12(a) and 2.12(g), a "B Term Loan Scheduled Repayment"): Date Amount ---- ------ September 30, 2002 $ 1,062,500 December 31, 2002 $ 1,062,500 March 31, 2003 $1,750,000 $ 1,062,500 June 30, 2003 $ 1,062,500 September 30, 2003 $ 1,062,500 December 31, 2003 1,750,000 $ 1,062,500 March 31, 2004 1,750,000 $ 1,062,500 June 30, 2004 1,750,000 $ 1,062,500 September 30, 2004 1,750,000 $ 1,062,500 December 31, 2004 1,750,000 March 31, 2005 1,750,000 June 30, 2005 1,750,000 September 30, 2005 2,625,000 December 30, 2005 2,625,000 March 31, 2006 2,625,000 June 30, 2006 2,625,000 September 29, 2006 3,500,000 December 29, 2006 3,500,000 March 30, 2007 3,500,000 June 29, 2007 3,500,000 September 28, 2007 3,500,000 December 31, 2007 3,500,000 March 31, 2008 3,500,000 June 30, 2008 3,500,000 September 30, 2008 5,250,000 December 31, 2008 5,250,000 DATE AMOUNT $ 1,062,500 Date Amount ---- ------ March 31, 2009 5,250,000 2005 $ 1,062,500 June 30, 2009 5,250,000 November 2005 $ 1,062,500 September 30, 2009 66,500,0002005 $ 1,062,500 December 31, 2005 $ 1,062,500 March 31, 2006 $ 1,062,500 June 30, 2006 $ 1,062,500 September 30, 2006 $ 1,062,500 December 31, 2006 $ 1,062,500 March 31, 2007 $ 1,062,500 June 30, 2007 $ 1,062,500 September 30, 2007 $ 100,937,500 December 31, 2007 $ 100,937,500 March 31, 2008 $ 100,937,500 B Term Loan Maturity Date $ 100,937,500
(b) The Borrower shall be required to make, with respect to each Class of Incremental Term Loans, to the extent then outstanding, scheduled amortization payments of such Class of Incremental Term Loans on the dates and in the principal amounts set forth in the respective Incremental Term Loan Commitment Agreement (each such repayment, as the same may be reduced as provided in Sections 2.12(a) and 2.12(g), an "Incremental Term Loan Scheduled Repayment" and, together with the B Term Loan Scheduled Repayments, the "Term Loan Scheduled Repayments"); PROVIDED that, if any Incremental Term Loans are incurred which will be added to (and form part of) an existing Class of Term Loans, the amount of the then remaining Term Loan Scheduled Repayments of the respective Class shall be proportionally increased (with the aggregate amount of increases to the then remaining Term Loan Scheduled Repayments of such Class to equal the aggregate principal amount of such new Incremental Term Loans then being incurred) in accordance with the requirements of clause (ii) of Section 2.05(c).
(c) To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity DateDate therefor.
(c) Any prepayment of a Term Borrowing 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 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), to reduce the subsequent scheduled repayments of the Term Borrowings to be made pursuant to this Section ratably.
(d) Prior to any repayment of any Term Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 11:00 a.m., New York City time, (i) three Business Days before the scheduled date of such repayment 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 Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.
Appears in 1 contract
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 in the aggregate principal amount set forth opposite such date: DATE AMOUNT ---- ------ September 30, 2003 $1,750,000 2023 $ 1,054,687.50 December 31, 2003 1,750,000 2023 $ 1,054,687.50 March 31, 2004 1,750,000 2024 $ 1,054,687.50 June 30, 2004 1,750,000 2024 $ 1,054,687.50 September 30, 2004 1,750,000 2024 $ 1,054,687.50 December 31, 2004 1,750,000 2024 $ 1,054,687.50 March 31, 2005 1,750,000 2025 $ 1,054,687.50 June 30, 2005 1,750,000 2025 $ 1,054,687.50 September 30, 2005 2,625,000 2025 $ 1,054,687.50 December 3031, 2005 2,625,000 2025 $ 1,054,687.50 March 31, 2006 2,625,000 2026 $ 1,054,687.50 June 30, 2006 2,625,000 2026 $ 1,054,687.50 September 29, 2006 3,500,000 December 29, 2006 3,500,000 March 30, 2007 3,500,000 June 29, 2007 3,500,000 September 28, 2007 3,500,000 2026 $ 1,054,687.50 December 31, 2007 3,500,000 2026 $ 1,054,687.50 March 31, 2008 3,500,000 2027 $ 1,054,687.50 June 30, 2008 3,500,000 2027 $ 1,054,687.50 September 30, 2008 5,250,000 2027 $ 1,054,687.50 December 31, 2008 5,250,000 DATE AMOUNT ---- ------ 2027 $ 1,054,687.50 March 31, 2009 5,250,000 June 30, 2009 5,250,000 November 30, 2009 66,500,0002028 $ 1,054,687.50 Tranche A Term Maturity Date Outstanding Principal Amount of all Tranche A Term Loans
(b) To the extent not previously paid, all Tranche A Term Loans shall be due and payable on the Tranche A Term Loan Maturity Date.
(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 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), to reduce the subsequent scheduled repayments of the Term Borrowings of such Class to be made pursuant to this Section ratably(i) in the case of a prepayment pursuant to Section 2.10(a), as directed in writing by the Borrower and (ii) in the case of a prepayment pursuant to Section 2.10(c), (x) first, in direct order of 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 2.22 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 2.10(e), then such prepayment 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.
(d) Prior to any repayment of any Term Borrowings hereunderof any Class under this Section, the Borrower shall select the Borrowing or Borrowings of the applicable Class to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopyhand delivery, e-mail or facsimile) of such selection not later than 11:00 a.m., New York City time, (i) three Business Days before the scheduled date of such repayment in the case of Eurodollar Borrowings or (ii) one Business Day before the scheduled date of repayment in the case of ABR Borrowingsrepayment. 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
Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the The Borrower shall repay Tranche A Term Borrowings Loans on each date of the dates set forth below below, commencing with the first such date to occur after the Closing Date, in an amount, expressed as a percentage of the aggregate original principal amount of all Tranche A Term Loans made on or prior to such date and prior to the applicable payment date, set forth opposite such dateeach of the dates below: DATE AMOUNT ---- ------ September 30, 2003 $1,750,000 December 31, 2003 1,750,000 March 31, 2004 1,750,000 June 30, 2004 1,750,000 September 30, 2004 1,750,000 December 31, 2004 1,750,000 March 31, 2005 1,750,000 June 30, 2005 1,750,000 September 30, 2005 2,625,000 December 30, 2005 2,625,000 March 31, 2006 2,625,000 June 30, 2006 2,625,000 September 29, 2006 3,500,000 December 29, 2006 3,500,000 March 30, 2007 3,500,000 June 29, 2007 3,500,000 September 28, 2007 3,500,000 December 31, 2007 3,500,000 March 31, 2008 3,500,000 June 30, 2008 3,500,000 September 30, 2008 5,250,000 1.875% December 31, 2008 5,250,000 DATE AMOUNT ---- ------ 1.875% March 31, 2009 5,250,000 2.8125% June 30, 2009 5,250,000 November 2.8125% September 30, 2009 66,500,0002.8125% December 31, 2009 2.8125% March 31, 2010 2.8125% June 30, 2010 2.8125% September 30, 2010 2.8125% December 31, 2010 2.8125% March 31, 2011 8.1944% June 30, 2011 8.1944% September 30, 2011 8.1944% December 31, 2011 8.1944% March 31, 2012 8.1944% June 30, 2012 8.1944% September 30, 2012 8.1944% December 31, 2012 8.1944% Tranche A Maturity Date 8.1944%
(b) To the extent not previously paid, all Tranche A Term Loans shall be due and payable on the Term Loan Tranche A Maturity Date.
(c) Any prepayment of a Term Borrowing Loan 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 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 made pursuant to Section 2.11(a), to reduce at the remaining subsequent scheduled repayments direction of the Term Borrowings pursuant to this Section in direct order of maturity Borrower and (ii) in the case of prepayments made pursuant to Section 2.11(c) or (d), Section 2.11(dratably to the remaining amortization payments set forth in paragraph (a) or Section 6.01(a)(viii), to reduce the subsequent scheduled repayments of the Term Borrowings to be made pursuant to this Section ratablyabove.
(d) Prior to any repayment of any Term Borrowings Loans of any Class hereunder, the Borrower shall select the Borrowing or Borrowings of the applicable Class of Loans to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection election not later than 11:00 a.m.12:00 p.m., New York City time, (i) three Business Days before the scheduled date of such repayment in the case of Eurodollar Borrowings or (ii) one Business Day before the scheduled date of repayment in the case of ABR Borrowingsrepayment. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.
Appears in 1 contract
Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Term Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: DATE AMOUNT Date Amount ---- ------ December 31, 1997 $6,250,000 March 31, 1998 $6,250,000 June 30, 1998 $6,250,000 September 30, 1998 $6,250,000 December 31, 1998 $6,250,000 March 31, 1999 $6,250,000 June 30, 1999 $6,250,000 September 30, 1999 $6,250,000 December 31, 1999 $8,750,000 March 31, 2000 $8,750,000 June 30, 2000 $8,750,000 September 30, 2000 $8,750,000 December 31, 2000 $8,750,000 March 31, 2001 $8,750,000 June 30, 2001 $8,750,000 September 30, 2001 $8,750,000 December 31, 2001 $10,000,000 March 31, 2002 $10,000,000 June 30, 2002 $10,000,000 September 30, 2002 $10,000,000 December 31, 2002 $10,000,000 March 31, 2003 $10,000,000 June 30, 2003 $10,000,000 September 30, 2003 $1,750,000 10,000,000 December 31, 2003 1,750,000 $12,500,000 March 31, 2004 1,750,000 $12,500,000 June 30, 2004 1,750,000 September 30$12,500,000 July 25, 2004 1,750,000 December 31, 2004 1,750,000 March 31, 2005 1,750,000 June 30, 2005 1,750,000 September 30, 2005 2,625,000 December 30, 2005 2,625,000 March 31, 2006 2,625,000 June 30, 2006 2,625,000 September 29, 2006 3,500,000 December 29, 2006 3,500,000 March 30, 2007 3,500,000 June 29, 2007 3,500,000 September 28, 2007 3,500,000 December 31, 2007 3,500,000 March 31, 2008 3,500,000 June 30, 2008 3,500,000 September 30, 2008 5,250,000 December 31, 2008 5,250,000 DATE AMOUNT ---- ------ March 31, 2009 5,250,000 June 30, 2009 5,250,000 November 30, 2009 66,500,000$12,500,000
(b) To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date.
(c) If the initial aggregate amount of the Lenders' Term Loan 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 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 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), ratably to reduce the subsequent scheduled repayments of the Term Borrowings to be made pursuant to this Section ratablySection.
(d) Prior to any repayment or prepayment of any Term Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 11:00 a.m.12:00 noon, New York City time, (i) three Business Days before the scheduled date of such repayment in the case of Eurodollar Borrowings or (ii) one Business Day before the scheduled date of repayment in the case of ABR Borrowingsprepayment. Each repayment or prepayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments or prepayments of Term Borrowings shall be accompanied by accrued interest on the amount repaidrepaid or prepaid.
Appears in 1 contract
Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Term Borrowings on each date set forth below in the aggregate principal amount equal to the product of (i) $750,000,000 multiplied by (ii) the percentage set forth opposite such date: DATE AMOUNT ---- ------ Date of original September 30, 2003 $1,750,000 December 31, 2003 1,750,000 March 31, 2004 1,750,000 June 30, 2004 1,750,000 September 30, 2004 1,750,000 December 31, 2004 1,750,000 March 31, 2005 1,750,000 June 30, 2005 1,750,000 September 30, 2005 2,625,000 December 30, 2005 2,625,000 March 31, 2006 2,625,000 June 30, 2006 2,625,000 September 29, 2006 3,500,000 December 29, 2006 3,500,000 March 30, 2007 3,500,000 June 29, 2007 3,500,000 September 28, 2007 3,500,000 0.25 % December 31, 2007 3,500,000 0.25 % March 31, 2008 3,500,000 0.25 % June 30, 2008 3,500,000 0.25 % September 30, 2008 5,250,000 0.25 % December 31, 2008 5,250,000 DATE AMOUNT ---- ------ 0.25 % March 31, 2009 5,250,000 0.25 % June 30, 2009 5,250,000 November 0.25 % September 30, 2009 66,500,0000.25 % December 31, 2009 0.25 % March 31, 2010 0.25 % June 30, 2010 0.25 % September 30, 2010 0.25 % December 31, 2010 0.25 % March 31, 2011 0.25 % June 30, 2011 0.25 % September 30, 2011 0.25 % December 31, 2011 0.25 % March 31, 2012 0.25 % June 30, 2012 0.25 % September 30, 2012 0.25 % Date of original December 31, 2012 0.25 % March 31, 2013 0.25 % June 30, 2013 0.25 % September 30, 2013 23.50 % December 31, 2013 23.50 % March 31, 2014 23.50 % Term Loan Maturity Date 23.50 %
(b) To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date.
(c) Any prepayment of a Term Borrowing 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 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), to reduce the subsequent scheduled repayments of the Term Borrowings to be made pursuant to this Section ratably.
(d) Prior to any repayment of any Term Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 11:00 12:00 a.m., New York City time, (i) three Business Days before the scheduled date of such repayment in the case of Eurodollar Borrowings or (ii) one Business Day before the scheduled date of repayment in the case of ABR Borrowingsrepayment. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.
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Samples: Credit Agreement (Cumulus Media Inc)
Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Term Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date: DATE AMOUNT Date Principal Amount ---- ------ September 30, 2003 $1,750,000 December 31, 2003 1,750,000 March 31, 2004 1,750,000 June 30, 2004 1,750,000 September 30, 2004 1,750,000 December 31, 2004 1,750,000 March 31, 2005 1,750,000 ---------------- June 30, 2005 1,750,000 $ 525,000 September 30, 2005 $ 525,000 37 Date Principal Amount ---- ---------------- December 31, 2005 $ 525,000 March 31, 2006 $ 525,000 June 30, 2006 $ 525,000 September 30, 2006 $ 525,000 December 31, 2006 $ 525,000 March 31, 2007 $ 525,000 June 30, 2007 $ 2,625,000 September 30, 2007 $ 2,625,000 December 3031, 2005 2007 $ 2,625,000 March 31, 2006 2008 $ 2,625,000 June 30, 2006 2,625,000 September 29, 2006 3,500,000 December 29, 2006 3,500,000 March 30, 2007 3,500,000 June 29, 2007 3,500,000 September 28, 2007 3,500,000 December 31, 2007 3,500,000 March 31, 2008 3,500,000 June 30, 2008 3,500,000 $ 5,250,000 September 30, 2008 $ 5,250,000 December 31, 2008 $ 5,250,000 DATE AMOUNT ---- ------ March 31, 2009 $ 5,250,000 June 30, 2009 5,250,000 November $ 7,875,000 September 30, 2009 66,500,000$ 7,875,000 December 31, 2009 $ 7,875,000 March 31, 2010 $ 7,875,000 June 30, 2010 $ 10,500,000 September 30, 2010 $ 10,500,000 December 31, 2010 $ 10,500,000 March 31, 2011 $ 10,500,000 June 30, 2011 $ 25,200,000 September 30, 2011 $ 25,200,000 December 31, 2011 $ 25,200,000 Term Loan Maturity Date $ 25,200,000
(b) To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date.
(c) Any prepayment of a Term Borrowing 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 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)first, to reduce the subsequent scheduled repayments of the Term Borrowings to be made pursuant to this Section that are scheduled to be due during the 12-month period immediately following the date of such prepayment, in the chronological order that such scheduled repayments are due, and (ii) second, to reduce the subsequent scheduled repayments of the Term Borrowings to be made pursuant to this Section that are scheduled to be due after the expiration of such 12-month period, ratably; provided that any prepayment of a Term Borrowing made pursuant to Section 2.11(a) shall be applied to reduce the subsequent scheduled repayments of the Term Borrowings to be made pursuant to this Section in such manner as the Borrower shall elect by written notice to the Administrative Agent (or, in the event that the Borrower fails to make such election, in the chronological order that such scheduled repayments are due).
(d) Prior to any repayment of any Term Borrowings hereunderunder this Section 2.10, the Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 11:00 a.m.12:00 noon, New York City time, (i) three Business Days before the scheduled date of such repayment in the case of Eurodollar Borrowings or (ii) one Business Day before the scheduled date of repayment in the case of ABR Borrowingsrepayment. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.
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