Common use of Initial Term Loan Clause in Contracts

Initial Term Loan. The Parent Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing on June 28, 2019 in a quarterly installment amount equal to 1.25% of the principal amount of the Initial Term Loan on the First Amendment Effective Date, except as the amounts of individual installments may be adjusted pursuant to Section 2.5(d) hereof. If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Brinks Co), Credit Agreement (Brinks Co)

AutoNDA by SimpleDocs

Initial Term Loan. The Parent Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing on June 28, 2019 in a September 2014. Each quarterly installment shall be in an amount equal to 1.250.25% of the principal amount of the Initial Term Loan Loans made hereunder on the First Amendment Effective Closing Date, except as the amounts of individual quarterly installments may be adjusted pursuant to Section 2.5(d) 4.4 hereof. If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Us Ecology, Inc.)

Initial Term Loan. The Parent Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December December, commencing on June 28the date that is the last day of the first fiscal quarter end after the First Amendment Effective Date, 2019 in a quarterly each such installment amount equal to 1.25% of the original principal amount of the Initial Term Loan on as of the First Amendment Effective Date, except as the amounts of individual installments may be adjusted pursuant to Section 2.5(d) 4.4 hereof. If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (National Instruments Corp)

Initial Term Loan. The Parent Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing on June 28December 29, 2019 2017 in a quarterly installment amount equal to 1.25% of the principal amount of the Initial Term Loan on the First Amendment Effective Closing Date, except as the amounts of individual installments may be adjusted pursuant to Section 2.5(d) hereof. If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Brinks Co)

AutoNDA by SimpleDocs

Initial Term Loan. The Parent Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing on June 28December 31, 2019 2013 in a quarterly an installment amount equal to 1.250.25% of the principal amount of the Initial Term Loan on the First Amendment Effective Closing Date, except as the amounts of individual installments may be adjusted pursuant to Section 2.5(d) 2.4 hereof. If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Belden Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!