Initial Term Facility Sample Clauses
The Initial Term Facility clause defines the original loan or credit facility provided to a borrower at the outset of a financing agreement. It typically specifies the principal amount, interest rate, repayment schedule, and the period during which the facility is available for use. For example, a lender may agree to make a set amount of funds available to the borrower for a fixed term, such as five years, with specific conditions for drawdown and repayment. This clause is essential for establishing the foundational terms of the borrowing arrangement, ensuring both parties are clear on the scope and duration of the initial financing provided.
Initial Term Facility. The Company shall, on each date set forth below, pay a principal amount of the Initial Term Facility in an aggregate amount equal to the percentage set forth below for such date of the original principal amount of the Initial Term Facility: The Company shall pay the entire remaining unpaid principal amount of the Initial Term Facility on the Maturity Date.
Initial Term Facility. (i) The Company shall make a one-time amortization payment of $50,000,000.00 on or before March 31, 2016, and this one-time amortization payment will reduce the principal amount of the Initial Term Facility for subsequent amortization.
(ii) The Company shall, on each date set forth below, pay a principal amount of the Initial Term Facility in an aggregate amount equal to the percentage set forth below for such date of the original principal amount of the Initial Term Facility (less the principal payment made pursuant to Section 2.07(a)(i) ):
Initial Term Facility. The Company shall, on each date set forth below, pay a principal amount of the Initial Term Facility in an aggregate amount equal to the percentage set forth below for such date of the original principal amount of the Initial Term Facility: December 31, 2020 March 31, 2022 1.125% 1.125% 0.625% September 30, 2024 Date 1.875% June 30, 2023 June 30, 2022 1.875% 1.125% Maturity Date Outstanding Principal Amount June 30, 2020 (b) Revolving Credit Loans and Incremental Revolving Credit Loans. The Company shall repay to the Revolving Credit Lenders and Incremental Revolving Credit Lenders on the Maturity Date applicable to each such Facility, the aggregate principal amount of all Revolving Credit Loans and Incremental Revolving Credit Loans, as applicable, outstanding on such date.
Initial Term Facility. The Initial Term Facility will not amortize and will
Initial Term Facility. The Company shall, on the last day of each date set forth belowof March, June, September and December (commencing with September 30, 2025), pay a principal amount of the Initial Term Facility in an aggregate amount equal to the percentage set forth below for such date1.25% of the original principal amount of the Initial Term Facility: as of the Amendment No. 4
Initial Term Facility under the Initial Term Facility, in a single draw on the Closing Date; and any unused amount of the Initial Term Commitments shall be permanently canceled as of the close of business on the Closing Date and the Total Initial Term Commitments shall be permanently reduced and canceled in an equal amount (on a pro rata basis among the Initial Term Lenders based upon their respective Initial Term Commitments); provided that, after the Closing Date and subject to the other terms and conditions of this Agreement, Accommodations by way of Conversion and Rollover shall be available under each Credit Facility up to the Maturity Date for such Credit Facility.
Initial Term Facility. The Company shall, beginning with the first full Quarter ended after the Effective Date, pay a principal amount of the Initial Term Facility in an aggregate amount equal to 0.25% of the original principal amount of the Initial Term Facility on the last Business Day of each Quarter. The Company shall pay the entire remaining unpaid principal amount of the Initial Term Facility on the Maturity Date.