Common use of Closing Date Term Loans Clause in Contracts

Closing Date Term Loans. The Borrower shall repay to the Closing Date Term Lenders the aggregate principal amount of all Closing Date Term Loans outstanding on the following dates (each such date a “Closing Date Term Loan Repayment Date”) in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05): December 31, 2012 $ 2,187,500 March 31, 2013 $ 2,187,500 June 30, 2013 $ 2,187,500 September 30, 2013 $ 2,187,500 December 31, 2013 $ 2,187,500 March 31, 2014 $ 2,187,500 June 30, 2014 $ 2,187,500 September 30, 2014 $ 2,187,500 December 31, 2014 $ 3,281,250 March 31, 2015 $ 3,281,250 June 30, 2015 $ 3,281,250 September 30, 2015 $ 3,281,250 December 31, 2015 $ 3,281,250 March 31, 2016 $ 3,281,250 June 30, 2016 $ 3,281,250 September 30, 2016 $ 3,281,250 December 31, 2016 $ 4,375,000 March 31, 2017 $ 4,375,000 June 30, 2017 $ 4,375,000 September 30, 2017 $ 4,375,000 provided, however, that the final principal repayment installment of the Closing Date Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Closing Date Term Loans outstanding on such date.

Appears in 2 contracts

Samples: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)

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Closing Date Term Loans. The Borrower shall repay to the Closing Date Term Lenders the aggregate principal amount of all Closing Date Term Loans outstanding on the following dates (each such date a “Closing Date Term Loan Repayment Date”) in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05): December 31, 2012 $ 2,187,500 March 31, 2013 $ 2,187,500 June 30, 2013 $ 2,187,500 September 30, 2013 $ 2,187,500 December 31, 2013 $ 2,187,500 March 31, 2014 $ 2,187,500 June 30, 2014 $ 2,187,500 September 30, 2014 $ 2,187,500 December 31, 2014 $ 3,281,250 3,281,2502,912,828.94 March 31, 2015 $ 3,281,250 3,281,2502,912,828.94 June 30, 2015 $ 3,281,250 3,281,2502,912,828.94 September 30, 2015 $ 3,281,250 3,281,2502,912,828.94 December 31, 2015 $ 3,281,250 3,281,2502,912,828.94 March 31, 2016 $ 3,281,250 3,281,2502,912,828.94 June 30, 2016 $ 3,281,250 3,281,2502,912,828.94 September 30, 2016 $ 3,281,250 3,281,2502,912,828.94 December 31, 2016 $ 4,375,000 4,375,0003,883,771.93 March 31, 2017 $ 4,375,000 4,375,0003,883,771.93 June 30, 2017 $ 4,375,000 4,375,0003,883,771.93 September 30, 2017 $ 4,375,000 4,375,0003,883,771.98 provided, however, that the final principal repayment installment of the Closing Date Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Closing Date Term Loans outstanding on such date.

Appears in 2 contracts

Samples: Credit Agreement (Bojangles', Inc.), Credit Agreement (Bojangles', Inc.)

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Closing Date Term Loans. The TheAs of the Amendment No. 4 Effective Date, the Borrower shall repay to the Closing Date Term Lenders the aggregate principal amount of all Closing Date Term Loans outstanding on the following dates (each such date a “Closing Date Term Loan Repayment Date”) in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05): December 31, 2012 $ 2,187,500 March 31, 2013 $ 2,187,500 June 30, 2013 $ 2,187,500 September 30, 2013 $ 2,187,500 December 31, 2013 $ 2,187,500 March 31, 2014 $ 2,187,500 June 30, 2014 $ 2,187,500 September 30, 2014 $ 2,187,500 December 31, 2014 $ 3,281,250 2,912,828.94 March 31, 2015 $ 3,281,250 2,912,828.94 June 30, 2015 $ 3,281,250 2,912,828.94 September 30, 2015 $ 3,281,250 2,912,828.94 December 31, 2015 $ 3,281,250 2,912,828.94 March 31, 2016 $ 3,281,250 2,912,828.94 June 30, 2016 $ 3,281,250 2,912,828.94 September 30, 2016 $ 3,281,250 2,912,828.942,169,624.89 December 31, 2016 $ 4,375,000 3,883,771.932,892,833.18 March 31, 2017 $ 4,375,000 3,883,771.932,892,833.18 June 30, 2017 $ 4,375,000 3,883,771.932,892,833.18 September 30, 2017 $ 4,375,000 3,883,771.982,892,833.23 December 31, 2017 $ 4,375,000.003,258,725.13 March 31, 2018 $ 4,375,000.003,258,725.13 June 30, 2018 $ 4,375,000.003,258,725.13 September 30, 2018 $ 4,375,000.003,258,725.09 provided, however, that it is acknowledged and agreed that the amounts set forth opposite the dates from September 30, 2015 through and including June 30, 2016 have been paid prior to the Amendment No. 4 Effective Date; provided, further, however, the final principal repayment installment of the Closing Date Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Closing Date Term Loans outstanding on such date.

Appears in 1 contract

Samples: Amendment No. 4 (Bojangles', Inc.)

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