Amortization of Tranche A Term Loans Sample Clauses

Amortization of Tranche A Term Loans. The Borrower shall be required to repay the principal amount of the Tranche A Term Loans, to the extent then outstanding: (i) on or before the last Business Day of the Borrower's first fiscal quarter for the
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Amortization of Tranche A Term Loans. On each Principal ------------------------------------ Amortization Payment Date set forth below, the Borrower shall repay, and there shall become due and payable (together with accrued interest thereon), the aggregate principal amount of Tranche A Term Loans set forth below opposite such date, and the Tranche A Term Loans of each Lender shall be ratably repaid; provided, that in any event all amounts shall be due and payable on the Tranche -------- A Term Loan Maturity Date: ------------------------------------------------ TRANCHE A TERM LOAN TRANCHE A TERM LOAN PRINCIPAL AMORTIZATION PRINCIPAL AMORTIZATION PAYMENT DATES PAYMENT ------------------------------------------------ September 30, 2002 $ 3,000,000 ------------------------------------------------ December 31, 2002 $ 3,000,000 ------------------------------------------------ March 31, 2003 $ 3,000,000 ------------------------------------------------ June 30, 2003 $ 3,250,000 ------------------------------------------------ September 30, 2003 $ 3,250,000 ------------------------------------------------ December 31, 2003 $ 3,250,000 ------------------------------------------------ March 31, 2004 $ 3,250,000 ------------------------------------------------ June 30, 2004 $ 4,000,000 ------------------------------------------------ September 30, 2004 $ 4,000,000 ------------------------------------------------ December 31, 2004 $ 4,000,000 ------------------------------------------------ March 31, 2005 $ 4,000,000 ------------------------------------------------ June 30, 2005 $ 4,500,000 ------------------------------------------------ September 30, 2005 $ 4,500,000 ------------------------------------------------ December 31, 2005 $ 4,500,000 ------------------------------------------------ March 31, 2006 $ 4,500,000 ------------------------------------------------ June 30, 2006 $ 5,500,000 ------------------------------------------------ September 30, 2006 $ 5,500,000 ------------------------------------------------ December 31, 2006 $ 5,500,000 ------------------------------------------------ March 31, 2007 $ 5,500,000 ------------------------------------------------ June 30,2007 $ 6,000,000 ------------------------------------------------ September 30, 2007 $ 6,000,000 ------------------------------------------------ TOTAL $90,000,000 ------------------------------------------------
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Amortization of Tranche A Term Loans. Section 2.3(c) of the Credit Agreement is ---------------------------------------- amended and restated in its entirety to read as follows:
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Amortization of Tranche A Term Loans. On each Principal Quarterly Amortization Payment Date occurring during the applicable periods set forth below, the Borrower shall repay, and there shall become due and payable (together with accrued interest thereon), an amount equal to the percentage of the original aggregate principal amount of Tranche A Term Loans made on the Effective Date set forth below opposite such period, and the Tranche A Term Loans of each Lender shall be ratably repaid; provided that in any event all amounts shall be due and payable on the Tranche A Term Loan Maturity Date: TRANCHE A TERM LOAN PRINCIPAL AMORTIZATION PERIODS TRANCHE A TERM LOAN PRINCIPAL QUARTERLY AMORTIZATION PAYMENT December 31, 2005 through September 30, 2006 1.250 % December 31, 2006 through September 30, 2007 1.875 % December 31, 2007 through September 30, 2008 2.500 % December 31, 2008 through September 30, 2009 3.125 % December 31, 2009 through September 30, 2010 3.750 % December 31, 2010 through September 30, 2011 12.500 % TOTAL 100.000 % Notwithstanding the foregoing, in the event that any of the Discount Notes are outstanding as of May 1, 2011, then the outstanding Tranche A Term Loans (together with accrued interest thereon, and all other amounts outstanding in respect thereof) shall immediately become due and payable in full on such date.
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Amortization of Tranche A Term Loans. Subject to adjustment pursuant to the second sentence of this Section 2.10(b), the Borrower shall repay Tranche A Term Borrowings on the last day of each of March, June, September and December, commencing with June 2019, in a principal amount equal to the aggregate principal amount of Tranche A Term Loans outstanding on the Acquisition Funding Date multiplied by 2.50%. Any voluntary prepayment of Tranche A Term Loans shall be applied to reduce the subsequent scheduled repayments of the Tranche A Term Borrowings to be made pursuant to this Section 2.10(b), in direct order of maturity or as otherwise directed by the Borrower. Any prepayment of any Class of Incremental Term Borrowings shall be applied to subsequent scheduled repayments as provided in the applicable Incremental Facility Amendment. 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 or facsimile) 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.
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Amortization of Tranche A Term Loans. The Tranche A Term Loans shall be payable in thirteen (13) consecutive quarterly installments on the dates and in principal amount equal to the amount set forth below (together with all accrued interest thereon) opposite the applicable installment date. Installment Amount ----------- ------ March 31, 2003 $ 7,250,000 June 30, 2003 $ 250,000 September 30, 2003 $ 7,250,000 December 31, 2003 $ 250,000 March 31, 2004 $ 9,750,000 June 30, 2004 $ 250,000 September 30, 2004 $ 9,750,000 December 31, 2004 $ 250,000 March 31, 2005 $14,750,000 June 30, 2005 $ 250,000 September 30, 2005 $14,750,000 December 31, 2005 $ 250,000 March 31, 2006 $ 4,433,365 SECTION 4. TERMS OF TRANCHE B TERM LOAN COMMITMENT
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Related to Amortization of Tranche A Term Loans

  • Tranche A Term Loans Subject to the terms and conditions set forth herein, each Tranche A Term Loan Lender agrees to make a Tranche A Term Loan to the Borrower on the Effective Date in a principal amount not exceeding its Tranche A Term Loan Commitment. Amounts repaid in respect of Tranche A Term Loans may not be reborrowed hereunder.

  • Reduction of Commitment Prepayment of Loans Section 2.05 of the Financing Agreement is hereby amended as follows:

  • Tranche B Term Loans Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Borrower on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the Tranche B Term Loans. The Notice of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000; PROVIDED that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31, 2002 if the Tranche B Term Loans have not been made on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

  • Optional Repayments of Revolving Credit Loans The Borrowers shall have the right, at their election, to prepay the outstanding amount of the Revolving Credit Loans, in whole or in part, at any time without penalty or premium; provided that the outstanding amount of any Revolving Credit Loans that are LIBOR Rate Loans may not be prepaid unless the Borrowers pay any LIBOR Breakage Costs for each LIBOR Rate Loan so prepaid at the time of such prepayment. The Borrower Representative shall give the Administrative Agent, no later than 10:00 a.m., New York City time, at least two (2) Business Days' prior written notice of any prepayment pursuant to this §2.8 of any Revolving Credit Loans that are Base Rate Loans, and at least four (4) LIBOR Business Days' notice of any proposed prepayment pursuant to this §2.8 of Revolving Credit Loans that are LIBOR Rate Loans, specifying the proposed date of prepayment of Revolving Credit Loans and the principal amount to be prepaid. Each such partial prepayment of the Revolving Credit Loans shall be in an amount of $2,000,000 or integral multiple of $500,000 in excess thereof, or, if less, the outstanding balance of the Revolving Credit Loans then being repaid, shall be accompanied by the payment of all charges outstanding on all Revolving Credit Loans so prepaid and of all accrued interest on the principal prepaid to the date of payment, and shall be applied, in the absence of instruction by the Borrower Representative, first to the principal of Revolving Credit Loans that are Base Rate Loans and then to the principal of Revolving Credit Loans that are LIBOR Rate Loans, at the Administrative Agent's option.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Delayed Draw Term Loans Subject to the terms and conditions set forth in this Agreement and in the other Loan Documents (including, for avoidance of doubt, satisfaction of the conditions precedent set forth in Exhibit B attached hereto on the Closing Date and Exhibit E attached hereto on the applicable Delayed Draw Funding Date), the Initial Lender agrees to make delayed draw term loans to Borrower at any time and from time to time during the Availability Period (each, a “Delayed Draw Term Loan” and collectively, the “Delayed Draw Term Loans”); provided that the aggregate principal amount of all Delayed Draw Term Loan Notes shall not exceed the Maximum Delayed Draw Term Loan Principal Amount. Delayed Draw Term Loans may be funded at Xxxxxxxx’s request in multiple Advances made during the Availability Period and repaid in accordance with the terms of this Agreement and each Delayed Draw Term Loan Note. Whenever Borrower desires to incur a Delayed Draw Term Loan hereunder, Borrower shall give Administrative Agent at least five (5) Business Days’ (or such shorter period agreed to by Administrative Agent in its sole discretion) prior written notice of such Delayed Draw Term Loan to be incurred hereunder specifying the principal amount of such Delayed Draw Term Loan to be incurred and the date of such Advance (which shall be a Business Day). Each Delayed Draw Term Loan will be evidenced by a Delayed Draw Term Loan Note appropriately completed in accordance with the terms of the form of Delayed Draw Term Loan Note attached hereto as Exhibit G to include the applicable interest rate and required amortization payments; provided that the aggregate principal amount of all Delayed Draw Term Loan Notes shall not exceed the Maximum Delayed Draw Term Loan Principal Amount. Interest on each Delayed Draw Term Loan shall accrue commencing on the Delayed Draw Funding Date for such Delayed Draw Term Loan at a per annum rate equal to the Term SOFR Rate plus 5.95%. Xxxxxxxx agrees to repay the Delayed Draw Term Loans, with interest, in accordance with the Delayed Draw Term Loan Notes, this Agreement, and the other Loan Documents. The obligation of Borrower to repay the Delayed Draw Term Loans, together with interest as provided in this Agreement and in each Delayed Draw Term Loan Note, shall commence upon the funding of each Delayed Draw Term Loan on the Delayed Draw Funding Date for such Delayed Draw Term Loan and shall be unconditional. Borrower hereby accepts each Delayed Draw Term Loan requested by Borrower on the Delayed Draw Funding Date for such Delayed Draw Term Loan, subject to and upon the terms and conditions set forth herein.

  • Delayed Draw Term Loan The Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. (i) on the same Business Day as each Base Rate Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan (provided that the Borrower has delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Lenders in the manner set forth in Section 5.9 of this Agreement), of its intention to borrow, specifying (A) the date of such borrowing (the “Delayed Draw Funding Date”), which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (C) whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (D) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto; provided, that the Delayed Draw Term Loan shall be made in one drawing on the Delayed Draw Funding Date. Upon receipt of such Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 1:00 p.m. on the proposed Delayed Draw Funding Date, each Term Loan Lender will make available to the Administrative Agent for the account of the Borrower, at the Administrative Agent’s Office in immediately available funds, the amount of such Delayed Draw Term Loan to be made by such Term Loan Lender on the Delayed Draw Funding Date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Delayed Draw Term Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower in writing; provided that to the extent the proceeds of the Delayed Draw Term Loan funded on the Delayed Draw Funding Date, together with the Cash Contribution, exceed an amount equal to the Cash Percentage of the total Acquisition Consideration payable in accordance with the Tender Offer Document in respect of the Company Shares accepted in the Tender Offer on the Delayed Draw Funding Date plus Transaction Costs then due and payable (the “Excess Term Loan Proceeds”), such Excess Term Loan Proceeds shall be funded directly into the Escrow Account in accordance with the Escrow Agreement; it being agreed that the principal amount of each Delayed Draw Term Loan owing hereunder shall be an amount equal to 100% of the applicable Lender’s Term Loan Commitment with respect to the Delayed Draw Term Loan.

  • Mandatory Prepayments Commitment Reductions 53 2.13 Application of Prepayments/Reductions............................................................................... 55 2.14 Allocation of Certain Payments and Proceeds......................................................................... 56 2.15

  • Voluntary Prepayments Commitment Reductions (a) Prior to the Stated Maturity Date, the Borrower may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of the Loans; provided, however, that:

  • Termination or Reduction of Aggregate Revolving Commitments The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments and (iv) if, after giving effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Commitments, such sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving Commitments. Any reduction of the Aggregate Revolving Commitments shall be applied to the Revolving Commitment of each Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Revolving Commitments shall be paid on the effective date of such termination.

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