Common use of Domestic Term Loans Clause in Contracts

Domestic Term Loans. WFS shall repay to the Domestic Term Loan Lenders the aggregate principal amount of all Domestic Term Loans outstanding on the following dates 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 Section 2.05(d), if applicable, and with the order of priority set forth in Section 2.05): Date Amount March 31, 2012 $0 June 30, 2012 $0 September 30, 2012 $1,000,000 December 31, 2012 $1,000,000 March 31, 2013 $1,000,000 June 30, 2013 $1,000,000 September 30, 2013 $2,000,000 December 31, 2013 $2,000,000 March 31, 2014 $2,000,000 June 30, 2014 $2,000,000 September 30, 2014 $3,000,000 December 31, 2014 $3,000,000 March 31, 2015 $3,000,000 June 30, 2015 $3,000,000 September 30, 2015 $4,000,000 December 31, 2015 $4,000,000 March 31, 2016 $4,000,000 June 30, 2016 $4,000,000 Maturity Date All remaining amounts outstanding provided, however, that the final principal repayment installment of the Domestic Term Loans shall be repaid on the Maturity Date for the Domestic Term Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of all Domestic Term Loans outstanding.

Appears in 1 contract

Samples: Credit Agreement and Joinder Agreement (World Fuel Services Corp)

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Domestic Term Loans. WFS shall repay to the Domestic Term Loan Lenders the aggregate principal amount of all Domestic Term Loans outstanding on the following dates 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 Section 2.05(d), if applicable, and with the order of priority set forth in Section 2.05): Date Amount March 31, 2012 $0 June 30, 2012 $0 September 30, 2012 $1,000,000 December 31, 2012 $1,000,000 March 31, 2013 $1,000,000 June 30, 2013 $1,000,000 September 30, 2013 $2,000,000 December 31, 2013 $2,000,000 March 31, 2014 $2,000,000 June 30, 2014 $2,000,000 September 30, 2014 2019 $3,000,000 December 31, 2014 2019 $3,000,000 March 31, 2015 2020 $3,000,000 June 30, 2015 2020 $3,000,000 September 30, 2015 2020 $4,000,000 3,000,000 December 31, 2015 2020 $4,000,000 3,000,000 March 31, 2016 2021 $4,000,000 3,000,000 June 30, 2016 2021 $4,000,000 3,000,000 September 30, 2021 $6,000,000 December 31, 2021 $6,000,000 March 31, 2022 $6,000,000 June 30, 2022 $6,000,000 September 30, 2022 $6,000,000 December 31, 2022 $6,000,000 March 31, 2023 $6,000,000 June 30, 2023 $6,000,000 September 30, 2023 $6,000,000 December 31, 2023 $6,000,000 March 31, 2024 $6,000,000 June 30, 2024 $6,000,000 Maturity Date All remaining amounts outstanding provided, however, that the final principal repayment installment of the Domestic Term Loans shall be repaid on the Maturity Date for the Domestic Term Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of all Domestic Term Loans outstandingoutstanding on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (World Fuel Services Corp)

Domestic Term Loans. WFS shall repay to the Domestic Term Loan Lenders the aggregate principal amount of all Domestic Term Loans outstanding on the following dates 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 Section 2.05(d), if applicable, and with the order of priority set forth in Section 2.05): Date Amount December 31, 2013 $0 March 31, 2012 2014 $0 59 Date Amount June 30, 2012 2014 $0 September 30, 2012 $1,000,000 December 31, 2012 $1,000,000 March 31, 2013 $1,000,000 June 30, 2013 $1,000,000 September 30, 2013 $2,000,000 December 31, 2013 $2,000,000 March 31, 2014 $2,000,000 June 30, 2014 $2,000,000 September 30, 2014 $3,000,000 0 December 31, 2014 $3,000,000 970,000 March 31, 2015 $3,000,000 970,000 June 30, 2015 $3,000,000 970,000 September 30, 2015 $4,000,000 970,000 December 31, 2015 $4,000,000 1,940,000 March 31, 2016 $4,000,000 1,940,000 June 30, 2016 $4,000,000 1,940,000 September 30, 2016 $1,940,000 December 31, 2016 $2,910,000 March 31, 2017 $2,910,000 June 30, 2017 $2,910,000 September 30, 2017 $2,910,000 December 31, 2017 $3,880,000 March 31, 2018 $3,880,000 June 30, 2018 $3,880,000 September 30, 2018 $3,880,000 Maturity Date All remaining amounts outstanding provided, however, that the final principal repayment installment of the Domestic Term Loans shall be repaid on the Maturity Date for the Domestic Term Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of all Domestic Term Loans outstanding.

Appears in 1 contract

Samples: Fourth Amended and Restated Credit Agreement (World Fuel Services Corp)

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Domestic Term Loans. WFS shall repay to the Domestic Term Loan Lenders the aggregate principal amount of all Domestic Term Loans outstanding on the following dates 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 Section 2.05(d), if applicable, and with the order of priority set forth in Section 2.05): Date Amount December 31, 2016 $0 March 31, 2012 2017 $0 June 30, 2012 2017 $0 September 30, 2012 2017 $1,000,000 0 December 31, 2012 2017 $1,000,000 3,975,000 March 31, 2013 2018 $1,000,000 3,975,000 June 30, 2013 2018 $1,000,000 3,975,000 September 30, 2013 2018 $2,000,000 3,975,000 December 31, 2013 2018 $2,000,000 7,950,000 March 31, 2014 2019 $2,000,000 7,950,000 June 30, 2014 2019 $2,000,000 7,950,000 September 30, 2014 2019 $3,000,000 7,950,000 December 31, 2014 2019 $3,000,000 11,925,000 March 31, 2015 2020 $3,000,000 11,925,000 June 30, 2015 2020 $3,000,000 11,925,000 September 30, 2015 2020 $4,000,000 11,925,000 December 31, 2015 2020 $4,000,000 15,900,000 March 31, 2016 2021 $4,000,000 15,900,000 June 30, 2016 2021 $4,000,000 15,900,000 September 30, 2021 $15,900,000 Maturity Date All remaining amounts outstanding provided, however, that the final principal repayment installment of the Domestic Term Loans shall be repaid on the Maturity Date for the Domestic Term Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of all Domestic Term Loans outstanding.

Appears in 1 contract

Samples: Credit Agreement (World Fuel Services Corp)

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