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: Date Principal Amortization Payment Date Principal Amortization Payment June 30, 2022 0.000% December 31, 2024 0.625% September 30, 2022 0.000% March 31, 2025 0.625% December 31, 2022 0.000% June 30, 2025 0.625% March 31, 2023 0.625% September 30, 2025 1.250% June 30, 2023 0.625% December 31, 2025 1.250% September 30, 2023 0.625% March 31, 2026 1.250% December 31, 2023 0.625% June 30, 2026 1.250% March 31, 2024 0.625% September 30, 2026 1.250% June 30, 2024 0.625% December 31, 2026 1.250% September 30, 2024 0.625% March 31, 2027 1.250% The Company shall pay the entire remaining unpaid principal amount of the Initial Term Facility on the Maturity Date.
Appears in 4 contracts
Samples: Credit Agreement (MSGE Spinco, Inc.), Credit Agreement (Madison Square Garden Entertainment Corp.), Credit Agreement (Madison Square Garden Entertainment Corp.)
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: Date Principal Amortization Payment Date Principal Amortization Payment June 30, 2022 0.000% December March 31, 2024 2020 0.625% September 30, 2022 0.0001.125% March 31June 30, 2025 2020 0.625% December 31, 2022 0.0001.125% June September 30, 2025 2020 0.625% March 31, 2023 1.875% December 31, 2020 0.625% September 30, 2025 1.250% June 30, 2023 0.6251.875% December March 31, 2025 1.2502021 1.125% September 30, 2023 0.6251.875% March 31June 30, 2026 1.2502021 1.125% December 31, 2023 0.6251.875% June September 30, 2026 1.2502021 1.125% March 31, 2024 0.6251.875% September 30December 31, 2026 1.2502021 1.125% June 30, 2024 0.6251.875% December March 31, 2026 1.2502022 1.125% September 30, 2024 0.6251.875% March 31June 30, 2027 1.2502022 1.125% The Company shall pay the entire remaining unpaid principal amount of the Initial Term Facility on the Maturity Date.Date Outstanding Principal Amount
Appears in 2 contracts
Samples: Credit Agreement (Madison Square Garden Entertainment Corp.), Credit Agreement (MSG Networks Inc.)
