Common use of Delayed Draw Term Loans Clause in Contracts

Delayed Draw Term Loans. The Delayed Draw Term Loans shall mature in quarterly installments payable on the dates set forth below, commencing on June 30, 2015, each such installment to be in an aggregate principal amount equal to the percentage of the Delayed Draw Term Loans made hereunder set forth opposite each such date specified below, and the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender each such installment on each such date. On the Maturity Date for the Delayed Draw Term Loans, the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender the outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts). June 30, 2015 2.50% September 27, 2015 2.50% December 27, 2015 2.50% March 27, 2016 2.50% June 30, 2016 3.125% September 25, 2016 3.125% December 25, 2016 3.125% March 26, 2017 3.125% June 30, 2017 3.75% September 24, 2017 3.75% December 24, 2017 3.75% March 25, 2018 3.75% June 30, 2018 3.75% September 30, 2018 3.75% December 23, 2018 3.75% March 24, 2019 3.75% Maturity Date for the Delayed Draw Term Loans Outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts).

Appears in 2 contracts

Samples: Credit Agreement (ARC Group Worldwide, Inc.), Credit Agreement

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Delayed Draw Term Loans. The Delayed Draw Term Loans Loan shall mature be paid, for the account of each Lender pro rata according to its Delayed Draw Term Loan Percentage thereof, in quarterly the installments payable and on the dates set forth below: September 30, commencing on 2013 0 % December 31, 2013 1.25 % March 31, 2014 1.25 % June 30, 20152014 1.25 % September 30, each such installment to be in an aggregate principal amount equal 2014 1.25 % December 31, 2014 1.875 % March 31, 2015 1.875 % June 30, 2015 1.875 % September 30, 2015 1.875 % December 31, 2015 2.50 % 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 % May 31, 2018 62.50 % Notwithstanding the foregoing, (i) to the percentage extent the Delayed Draw Term Loan is funded in full prior to the Delayed Draw Term Loan Commitment Termination Date, the scheduled amortization payments set forth above shall begin on the last day of the first fiscal quarter ended thereafter and (ii) the outstanding principal balance of the Delayed Draw Term Loans made hereunder set forth opposite each such date specified below, and the Borrowers Loan shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender each such installment be paid in full on each such date. On the Maturity Date for the Delayed Draw Term Loans, the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender the outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts). June 30, 2015 2.50% September 27, 2015 2.50% December 27, 2015 2.50% March 27, 2016 2.50% June 30, 2016 3.125% September 25, 2016 3.125% December 25, 2016 3.125% March 26, 2017 3.125% June 30, 2017 3.75% September 24, 2017 3.75% December 24, 2017 3.75% March 25, 2018 3.75% June 30, 2018 3.75% September 30, 2018 3.75% December 23, 2018 3.75% March 24, 2019 3.75% Loan Maturity Date for the Delayed Draw Term Loans Outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts)Date.

Appears in 1 contract

Samples: Credit Agreement (Granite City Food & Brewery Ltd.)

Delayed Draw Term Loans. The Delayed Draw Term Loans shall mature in quarterly installments payable on the dates set forth below, commencing on June 30, 2015, each such installment to be in an aggregate principal amount equal to the percentage of the Delayed Draw Term Loans made hereunder amount set forth opposite each such date specified below, and the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender each such installment on each such date. On the Maturity Date for the Delayed Draw Term Loans, the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender the outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts). June 30, 2015 2.50% September 27, 2015 2.50% December 27, 2015 2.50% March 27, 2016 2.50% Installment Amount June 30, 2016 3.125% $ 250,511.27 September 25, 2016 3.125% $ 250,511.27 December 25, 2016 3.125% $ 250,511.27 March 26, 2017 3.125% $ 375,766.90 June 30, 2017 3.75% $ 375,766.90 September 24, 2017 3.75% $ 375,766.90 December 24, 2017 3.75% $ 375,766.90 March 25, 2018 3.75% $ 375,766.90 June 30, 2018 3.75% $ 375,766.90 September 30, 2018 3.75% $ 375,766.90 December 23, 2018 3.75% $ 375,766.90 March 24, 2019 3.75% $ 375,766.90 Maturity Date for the Delayed Draw Term Loans Outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts).” 2.10 Addition of Section 2.05(d). Section 2.05 of the Amended and Restated Credit Agreement is hereby amended by adding the following subsection (d) at the end of such section, reading as follows:

Appears in 1 contract

Samples: Credit Agreement

Delayed Draw Term Loans. The Delayed Draw Term Loans shall mature in quarterly installments payable on the dates set forth below, commencing on June 30, 2015, each such installment to be in an aggregate principal amount equal to the percentage of the Delayed Draw Term Loans made hereunder set forth opposite each such date specified below, and the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender each such installment on each such date. On the Maturity Date for the Delayed Draw Term Loans, the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender the outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts). Installment Percentage June 30, 2015 2.50% September 27, 2015 2.50% December 27, 2015 2.50% March 27, 2016 2.50% June 30, 2016 3.125% September 25, 2016 3.125% December 25, 2016 3.125% March 26, 2017 3.125% June 30, 2017 3.75% September 24, 2017 3.75% December 24, 2017 3.75% March 25, 2018 3.75% June 30, 2018 3.75% September 30, 2018 3.75% December 23, 2018 3.75% March 24, 2019 3.75% Maturity Date for the Delayed Draw Term Loans Outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts).. 49

Appears in 1 contract

Samples: Credit Agreement

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Delayed Draw Term Loans. The Delayed Draw Term Loans shall mature in quarterly installments payable on the dates set forth below, commencing on June 30, 2015, each such installment to be in an aggregate principal amount equal to the percentage of the Delayed Draw Term Loans made hereunder set forth opposite each such date specified below, and the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender each such installment on each such date. On the Maturity Date for the Delayed Draw Term Loans, the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender the outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts). June 30, 2015 2.502.50 % September 27, 2015 2.502.50 % December 27, 2015 2.502.50 % March 27, 2016 2.502.50 % June 30, 2016 3.1253.125 % September 25, 2016 3.1253.125 % December 25, 2016 3.1253.125 % March 26, 2017 3.1253.125 % June 30, 2017 3.753.75 % September 24, 2017 3.753.75 % December 24, 2017 3.753.75 % March 25, 2018 3.753.75 % June 30, 2018 3.753.75 % September 30, 2018 3.753.75 % December 23, 2018 3.753.75 % March 24, 2019 3.753.75 % Maturity Date for the Delayed Draw Term Loans Outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts).

Appears in 1 contract

Samples: Credit Agreement (ARC Group Worldwide, Inc.)

Delayed Draw Term Loans. The Delayed Draw Term Loans shall mature in quarterly installments payable on the dates set forth below, commencing on June 30, 2015, each such installment to be in an aggregate principal amount equal to the percentage of the Delayed Draw Term Loans made hereunder amount set forth opposite each such date specified below, and the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender each such installment on each such date. On the Maturity Date for the Delayed Draw Term Loans, the Borrowers shall repay to the Administrative Agent for the ratable account of each Delayed Draw Term Lender the outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts). June 30, 2015 2.50% September 27, 2015 2.50% December 27, 2015 2.50% March 27, 2016 2.50% June 30, 2016 3.125% $ 250,511.27 September 25, 2016 3.125% $ 250,511.27 December 25, 2016 3.125% $ 250,511.27 March 26, 2017 3.125% $ 375,766.90 June 30, 2017 3.75% $ 375,766.90 September 24, 2017 3.75% $ 375,766.90 December 24, 2017 3.75% $ 375,766.90 March 25, 2018 3.75% $ 375,766.90 June 30, 2018 3.75% $ 375,766.90 September 30, 2018 3.75% $ 375,766.90 December 23, 2018 3.75% $ 375,766.90 March 24, 2019 3.75% $ 375,766.90 Maturity Date for the Delayed Draw Term Loans Outstanding principal amount of Delayed Draw Term Loans (together with all accrued and unpaid interest and other amounts).” 2.10 Addition of Section 2.05(d). Section 2.05 of the Amended and Restated Credit Agreement is hereby amended by adding the following subsection (d) at the end of such section, reading as follows:

Appears in 1 contract

Samples: Credit Agreement (ARC Group Worldwide, Inc.)

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