Incremental Term Supplement Clause Samples
Incremental Term Supplement. The Incremental Term Supplement is amended by (i) changing any reference to “CSC Holdings, Inc.” therein to “CSC Holdings, LLC” and changing any reference therein to the Company being a Delaware corporation to a Delaware limited liability company and (ii) amending Section 4 by (A) changing any reference to “original aggregate principal amount” therein to “Original Principal Amount” and (B) deleting the last paragraph at the end of such section and replacing it in its entirety with the following: “Notwithstanding the foregoing:
(a) on the First Amended and Restated Date, the Company shall cease to repay the Incremental Term Lenders constituting Incremental B-2 Extended Term Lenders in accordance with the immediately preceding paragraph and thereafter the Company shall repay to such Lenders the aggregate principal amount of all Incremental B-2 Extended Term Loans outstanding in twenty-eight (28) consecutive quarterly installments which except for the final installment shall be due on the last day of each March, June, September and December, beginning with June 30, 2009. Subject to adjustment in connection with prepayments made pursuant to Section 2.04 of the Credit Agreement, (i) each of the first twenty-seven (27) installments shall be in the principal amount equal to 0.25% of the Original Principal Amount of the Incremental Term Loans constituting Incremental B-2 Extended Term Loans and (ii) the final principal repayment installment of the Incremental B-2 Extended Term Loans shall be due on March 29, 2016 (such date, the “Maturity Date” for the Incremental B-2 Extended Term Facility) and shall be in an amount equal to the aggregate principal amount of all Incremental B-2 Extended Term Loans outstanding on such date; and
(b) on the Extended Facility Closing Date for any Extended Facility, the Company shall cease to repay the Incremental Term Lenders constituting Extended Facility Lenders under such Extended Facility in accordance with the immediately preceding paragraph and thereafter the Company shall repay to such Lenders the aggregate principal amount of all Extended Facility Loans outstanding under such Extended Facility in accordance with the amortization schedule and maturity date set forth in the Extended Facility Agreement for such Extended Facility.”
