Common use of Initial Term Loan Clause in Contracts

Initial Term Loan. The Borrowers shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments equal to $2,862,500 (as the amounts of individual installments may be adjusted pursuant to Section 4.4) on the last Business Day of each of March, June, September and December commencing December 31, 2021; provided, however, that the final principal repayment installment of the Initial Term Loan shall be repaid on the Term Loan Maturity Date in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such date, together with accrued interest thereon.

Appears in 4 contracts

Samples: Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Southwest Gas Corp)

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Initial Term Loan. The Borrowers Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments equal to $2,862,500 1,500,000 (except as the amounts of individual installments may be adjusted pursuant to Section 4.44.4 hereof) on the last Business Day of each of March, June, September and December commencing December 31September 30, 20212017; provided, however, that the final principal repayment installment of the Initial Term Loan Loans shall be repaid on the Term Loan Maturity Date in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such date, together with accrued interest thereon.

Appears in 4 contracts

Samples: Credit Agreement (Switch, Inc.), Credit Agreement (Switch, Inc.), Credit Agreement (Switch, Inc.)

Initial Term Loan. The Borrowers Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments equal to $2,862,500 (as the amounts of individual installments may be adjusted pursuant to Section 4.4) 6,250,000.00 on the last Business Day of each of March, June, September and December December, commencing December 31June 30, 2021; provided, howeverexcept as the amounts of individual installments may be adjusted pursuant to Section 2.11 hereof. If not sooner paid, that the final principal repayment installment of the Initial Term Loan shall be repaid on the Term Loan Maturity Date paid in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such datefull, together with accrued interest thereon., on the Term Loan Maturity Date. (b)

Appears in 2 contracts

Samples: Credit Agreement (Ubiquiti Inc.), Credit Agreement (Ubiquiti Inc.)

Initial Term Loan. The Borrowers Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments equal to $2,862,500 (as the amounts of individual installments may be adjusted pursuant to Section 4.4) 3,750,000.00 on the last Business Day of each of March, June, September and December commencing December March 31, 2021; provided2022, howeverexcept as the amounts of individual installments may be adjusted pursuant to Section 2.23 hereof. If not sooner paid, that the final principal repayment installment of the Initial Term Loan shall be repaid on the Term Loan Maturity Date paid in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such datefull, together with accrued interest thereon, on the Term Loan Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Fair Isaac Corp), Credit Agreement (Fair Isaac Corp)

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Initial Term Loan. The Borrowers Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments equal to $2,862,500 (as the amounts of individual installments may be adjusted pursuant to Section 4.4) 437,500 on the last Business Day of each of March, June, September and December commencing December March 31, 20212014, except as the amounts of individual installments may be adjusted pursuant to Section 2.4 hereof; provided, however, provided that the final principal repayment installment of the Initial Term Loan shall be repaid paid in full on the Term Loan Maturity Date in an amount equal to the aggregate outstanding principal amount of all the Initial Term Loans outstanding Loan on such date, date (together with all accrued interest thereon).

Appears in 1 contract

Samples: Credit Agreement (Walker & Dunlop, Inc.)

Initial Term Loan. The Borrowers shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments equal to $2,862,500 (as the amounts of individual installments may be adjusted pursuant to Section 4.4) on the last Business Day of each of March, June, September and December commencing December 31, 2021; provided, however, that 146960219_6 the final principal repayment installment of the Initial Term Loan shall be repaid on the Term Loan Maturity Date in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such date, together with accrued interest thereon.

Appears in 1 contract

Samples: Credit Agreement (Southwest Gas Corp)

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