Common use of Repayment and Amortization of Loans; Evidence of Debt Clause in Contracts

Repayment and Amortization of Loans; Evidence of Debt. (a)The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each 2016 Revolving Lender the then unpaid principal amount of each 2016 Revolving Loan on the 2016 Maturity Date in the currency of such Loan, (ii) to the Administrative Agent for the account of each 2018 Revolving Lender the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date in the currency of such Loan and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the latest Maturity Date with respect to any Revolving Commitments and the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding. The Borrower shall repay 2016 Term A Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount March 31, 2013 $ 0 June 30, 2013 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 To the extent not previously repaid, all unpaid 2016 Term A Loans shall be paid in full in Dollars by the Borrower on the 2016 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay 2018 Term A Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid in full in Dollars by the Borrower on the 2018 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaid, all unpaid Term B Loans shall be paid in full in Dollars by the Borrower on the Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension Offer.

Appears in 1 contract

Samples: And Restatement Agreement (Endo Health Solutions Inc.)

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Repayment and Amortization of Loans; Evidence of Debt. (a)The The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each 2016 Revolving Lender the then unpaid principal amount of each 2016 Revolving Loan on the 2016 Maturity Date in the currency of such Loan, (ii) to the Administrative Agent for the account of each 2018 Revolving Lender the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date in the currency of such Loan and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the latest Maturity Date with respect to any Revolving Commitments and the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding. The Borrower shall repay 2016 Term A Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)Section 2.07): Date Amount March 31June 26, 2013 2011 $ 0 1,500,000 June 3026, 2013 2012 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 1,500,000 To the extent not previously repaidpaid, all unpaid 2016 Term A Loans shall be paid in full in Dollars by the Borrower shall pay the then unpaid principal amount of each Loan on the 2016 Maturity Date; provided that. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made or held by such Lender, including the amounts of principal and interest payable and paid to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay 2018 Term A Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted Lender from time to time hereunder. The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan, the Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. The entries made in the accounts maintained pursuant to Sections 2.11(aparagraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. Any Lender may request that its Loans be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and 2.11(d)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid in full in Dollars a form approved by the Borrower on Administrative Agent. Thereafter, the 2018 Maturity Date; provided thatLoans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) such payee and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(dits registered assigns)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaid, all unpaid Term B Loans shall be paid in full in Dollars by the Borrower on the Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension Offer.

Appears in 1 contract

Samples: Term Credit Agreement (Stepan Co)

Repayment and Amortization of Loans; Evidence of Debt. (a)The a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each 2016 the Revolving Lender Lenders the then unpaid principal amount of each 2016 Revolving Loan extended to the Borrower on the 2016 Revolving Loan Maturity Date in the currency of such Loan, Loan and (ii) to the Administrative Agent for the account of each 2018 Revolving Lender the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date in the currency of such Loan and (iii) to the applicable Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the latest Revolving Loan Maturity Date with respect and, to any Revolving Commitments and the extent the aggregate outstanding principal amount of all Swingline Loans exceeds the U.S. Dollar Amount of U.S. $10,000,000, on the first date after such the applicable Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding and the proceeds of any such Borrowing shall be applied by the Administrative Agent to repay any Swingline Loans outstanding. The Borrower shall repay 2016 the Term A Loans on the last day of each date set forth below Fiscal Quarter, commencing with the first full Fiscal Quarter ending after the first Delayed Draw Funding Date, in an amount equal to the then applicable Term A Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term A Loans initially funded on the Delayed Draw Funding Date (as adjusted from time including, for the avoidance of doubt, the Specified Term A Loans) (subject to time adjustment pursuant to Sections 2.11(a) Section 2.11 as a result of prepayments); provided that, prior to the maturity extension of the Specified Term A Loans pursuant to the definition of Term A Loan Maturity Date, the Specified Term A Loans shall not amortize pursuant to the foregoing sentence and 2.11(dthe Borrower shall continue to repay the Specified Term A Loans on the last day of each Fiscal Quarter in an amount equal to the then applicable Term A Loan Payment Percentage times the aggregate principal amount of the Specified Term A Loans (subject to adjustment pursuant to Section 2.11 as a result of prepayments)): Date Amount March 31, 2013 $ 0 June 30, 2013 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 . To the extent not previously repaidpaid, all unpaid 2016 Term A Loans shall be paid fully repaid in full in U.S. Dollars by the Borrower on the 2016 applicable Term A Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay 2018 the Term A B Loans on the last day of each date set forth below Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2019, in an amount equal to the then applicable Term B Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term B Loans initially funded on the Amendment No. 3 Effective Date (as adjusted from time subject to time adjustment pursuant to Sections 2.11(a) and 2.11(dSection 2.11 as a result of prepayments)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 . To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid in full in Dollars by the Borrower on the 2018 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaidpaid, all unpaid Term B Loans shall be paid fully repaid in full in U.S. Dollars by the Borrower on the Term B Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension Offer.

Appears in 1 contract

Samples: Credit Agreement (Quad/Graphics, Inc.)

Repayment and Amortization of Loans; Evidence of Debt. (a)The a) The Borrower hereby unconditionally promises to pay (i) repay the Initial Term Loans to the Administrative Agent for the account of each 2016 Revolving Initial Term Lender (i) commencing on December 30, 2016, and on the then unpaid last Business Day of each March, June, September and December of each calendar year thereafter, in an annual amount (divided equally among all four fiscal quarters) equal to 1.00% of the initial principal amount of each 2016 Revolving Loan the Initial Term Loans, as such payments may be reduced from time to time as a result of the application of prepayments in accordance with Section 2.11 or repurchases in accordance with a Dutch Auction or increased as a result of any increase in the amount of such Initial Term Loans pursuant to Section 2.23(a)), and (ii) on the 2016 Initial Term Loan Maturity Date Date, in an amount equal to the remainder of the principal amount of the Initial Term Loans outstanding on such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. (b) The Borrower shall repay the Additional Term Loans of any Class in such scheduled amortization installments and on such date or dates as shall be specified therefor in the currency applicable Refinancing Amendment, Incremental Facility Agreement or Extension Amendment (as such payments may be reduced from time to time as a result of the application of prepayments in accordance with Section 2.11 or repurchases in accordance with a Dutch Auction. (c) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrower to such LoanLender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. (d) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each 2018 Revolving Lender the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date Lender’s share thereof. (e) The entries made in the currency accounts maintained pursuant to paragraph (c) or (d) of such Loan and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier this Section shall be prima facie evidence of the latest Maturity Date with respect to any Revolving Commitments existence and amounts of the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding. The Borrower shall repay 2016 Term A Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount March 31, 2013 $ 0 June 30, 2013 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 To the extent not previously repaid, all unpaid 2016 Term A Loans shall be paid in full in Dollars by the Borrower on the 2016 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay 2018 Term A Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid in full in Dollars by the Borrower on the 2018 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaid, all unpaid Term B Loans shall be paid in full in Dollars by the Borrower on the Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension Offer.obligations recorded 42

Appears in 1 contract

Samples: Term Loan Credit Agreement (Global Brass & Copper Holdings, Inc.)

Repayment and Amortization of Loans; Evidence of Debt. (a)The a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each 2016 the Revolving Lender Lenders the then unpaid principal amount of each 2016 Revolving Loan extended to the Borrower on the 2016 Maturity Date in the currency of such Loan, (ii) to the Administrative Agent for the account of each 2018 Revolving Lender the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date in the currency of such Loan and (iiiii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the latest Revolving Loan Maturity Date with respect and, to any Revolving Commitments and the extent the aggregate outstanding principal amount of Swingline Loans exceeds the U.S. Dollar Amount of U.S. $10,000,000, on the first date after such the applicable Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding. The Borrower shall repay 2016 the Term A Loans on the last day of each date set forth below Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2011, in an amount equal to the then applicable Term A Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term A Loans on the Effective Date (as adjusted from time subject to time adjustment pursuant to Sections 2.11(a) and 2.11(dSection 2.11 as a result of prepayments)): Date Amount March 31, 2013 $ 0 June 30, 2013 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 . To the extent not previously repaidpaid, all unpaid 2016 Term A Loans shall be paid in full in Dollars fully repaid by the Borrower on the 2016 Term A Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay 2018 the Term A B Loans on the last day of each date set forth below Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2011, in an amount equal to the then applicable Term B Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term B Loans on the Effective Date (as adjusted from time subject to time adjustment pursuant to Sections 2.11(a) and 2.11(dSection 2.11 as a result of prepayments)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 . To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid in full in Dollars by the Borrower on the 2018 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaidpaid, all unpaid Term B Loans shall be paid in full in Dollars fully repaid by the Borrower on the Term B Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension Offer.

Appears in 1 contract

Samples: Credit Agreement (Quad/Graphics, Inc.)

Repayment and Amortization of Loans; Evidence of Debt. (a)The a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each 2016 the Revolving Lender Lenders the then unpaid principal amount of each 2016 Revolving Loan extended to the Borrower on the 2016 Revolving Loan Maturity Date in the currency of such Loan, Loan and (ii) to the Administrative Agent for the account of each 2018 Revolving Lender the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date in the currency of such Loan and (iii) to the applicable Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the latest Revolving Loan Maturity Date with respect and, to any Revolving Commitments and the extent the aggregate outstanding principal amount of all Swingline Loans exceeds the U.S. Dollar Amount of U.S. $10,000,000, on the first date after such the applicable Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding and the proceeds of any such Borrowing shall be applied by the Administrative Agent to repay any Swingline Loans outstanding. The Borrower shall repay 2016 the Term A Loans on the last day of each date set forth below Fiscal Quarter, commencing with the first full Fiscal Quarter ending June 30, 2017after the first Delayed Draw Funding Date, in an amount equal to the then applicable Term A Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term A Loans on the Effective Dateinitially funded on the Delayed Draw Funding Date (as adjusted from time including, for the avoidance of doubt, the Specified Term A Loans) (subject to time adjustment pursuant to Sections 2.11(a) Section 2.11 as a result of prepayments); provided that, prior to the maturity extension of the Specified Term A Loans pursuant to the definition of Term A Loan Maturity Date, the Specified Term A Loans shall not amortize pursuant to the foregoing sentence and 2.11(dthe Borrower shall continue to repay the Specified Term A Loans on the last day of each Fiscal Quarter in an amount equal to the then applicable Term A Loan Payment Percentage times the aggregate principal amount of the Specified Term A Loans (subject to adjustment pursuant to Section 2.11 as a result of prepayments)): Date Amount March 31, 2013 $ 0 June 30, 2013 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 . To the extent not previously repaidpaid, all unpaid 2016 Term A Loans shall be paid fully repaid in full in U.S. Dollars by the Borrower on the 2016 applicable Term A Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay 2018 the Term A B Loans on the last day of each date set forth below Fiscal Quarter, commencing with the Fiscal Quarter ending SeptemberJune 30, 20142019, in an amount equal to the then applicable Term B Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term B Loans initially funded on the Amendment No. 3 Effective Date (as adjusted from time subject to time adjustment pursuant to Sections 2.11(a) and 2.11(dSection 2.11 as a result of prepayments)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 . To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid in full in Dollars by the Borrower on the 2018 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaidpaid, all unpaid Term B Loans shall be paid fully repaid in full in U.S. Dollars by the Borrower on the Term B Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension Offer.

Appears in 1 contract

Samples: Credit Agreement (Quad/Graphics, Inc.)

Repayment and Amortization of Loans; Evidence of Debt. (a)The Borrower a) The Borrowers hereby unconditionally promises promise to pay (i) to the Administrative Agent for the account of each 2016 Revolving Lender the then unpaid principal amount of each 2016 Revolving Loan on the 2016 Revolving Credit Maturity Date in the currency of such LoanDate, and (ii) to the Administrative Agent for the account of each 2018 Revolving Lender the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date in the currency of such Loan and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the latest Revolving Credit Maturity Date with respect to any Revolving Commitments and the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) fifth Business Days Day after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Borrowing Loan is made, the Borrower Borrowers shall repay all Swingline Loans then outstanding and the proceeds of any such Revolving Loan shall be applied by the Administrative Agent to repay any Swingline Loans outstanding. The Borrower (b) Each Lender shall repay 2016 Term A Loans on maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrowers to such Lender resulting from each date set forth below in Loan made by such Lender, including the aggregate amounts of principal amount set forth opposite and interest payable and paid to such date (as adjusted Lender from time to time hereunder. (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class and Type thereof and the Interest Period applicable thereto, if any, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. (d) The entries made in the accounts maintained pursuant to Sections 2.11(aparagraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers to repay the Loans in accordance with the terms of this Agreement. (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrowers shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and 2.11(d)): Date Amount March 31, 2013 $ 0 June 30, 2013 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 To the extent not previously repaid, all unpaid 2016 Term A Loans shall be paid in full in Dollars a form approved by the Borrower on Administrative Agent. Thereafter, the 2016 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced evidenced by such promissory note and interest thereon shall at all times (but not increased) and amortization payments required with respect to Extended Term A Loans for periods including after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay 2018 Term A Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time assignment pursuant to Sections 2.11(aSection 9.04) and 2.11(d)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid represented by one or more promissory notes in full in Dollars by the Borrower on the 2018 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offersuch form. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaid, all unpaid Term B Loans shall be paid in full in Dollars by the Borrower on the Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension OfferSECTION 2.11.

Appears in 1 contract

Samples: Execution Version Credit Agreement (Lawson Products Inc/New/De/)

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Repayment and Amortization of Loans; Evidence of Debt. (a)The a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each 2016 the Revolving Lender Lenders the then unpaid principal amount of each 2016 Revolving Loan extended to the Borrower on the 2016 Revolving Loan Maturity Date in the currency of such Loan, Loan and (ii) to the Administrative Agent for the account of each 2018 Revolving Lender the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date in the currency of such Loan and (iii) to the applicable Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the latest Revolving Loan Maturity Date with respect and, to any Revolving Commitments and the extent the aggregate outstanding principal amount of all Swingline Loans exceeds the U.S. Dollar Amount of U.S. $10,000,000, on the first date after such the applicable Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding. The Borrower shall repay 2016 the Term A Loans on the last day of each date set forth below Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2017, in an amount equal to the then applicable Term A Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term A Loans on the Effective Date (as adjusted from time subject to time adjustment pursuant to Sections 2.11(a) and 2.11(dSection 2.11 as a result of prepayments)): Date Amount March 31, 2013 $ 0 June 30, 2013 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 . To the extent not previously repaidpaid, all unpaid 2016 Term A Loans shall be paid in full in Dollars fully repaid by the Borrower on the 2016 Term A Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay 2018 the Term A B Loans on the last day of each date set forth below Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2014, in an amount equal to the then applicable Term B Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term B Loans on the Effective Date (as adjusted from time subject to time adjustment pursuant to Sections 2.11(a) and 2.11(dSection 2.11 as a result of prepayments)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 . To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid in full in Dollars by the Borrower on the 2018 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaidpaid, all unpaid Term B Loans shall be paid in full in Dollars fully repaid by the Borrower on the Term B Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension Offer.

Appears in 1 contract

Samples: Credit Agreement (Quad/Graphics, Inc.)

Repayment and Amortization of Loans; Evidence of Debt. (a)The Borrower a) The Borrowers hereby unconditionally promises promise to pay (i) to the Administrative Agent for the account of each 2016 Revolving Lender the then unpaid principal amount of each 2016 Revolving Loan on the 2016 Maturity Date in the currency of such LoanDate, (ii) to the Administrative Agent for the account then unpaid amount of each 2018 Revolving Lender Protective Advance on the earlier of the Maturity Date and demand by the Administrative Agent, and (iii) to the Administrative Agent the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date in the currency of such Loan and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan Overadvance on the earlier of the latest Maturity Date with respect to any Revolving Commitments and the first date 30th day after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days after such Swingline Loan Overadvance is made; provided that on . (b) On each date that a Dollar Tranche Revolving Borrowing is madeBusiness Day during any Dominion Period, the Administrative Agent shall apply all funds credited to a Concentration Account of the Borrowers on such Business Day or the immediately preceding Business Day (at the discretion of the Administrative Agent, whether or not immediately available), first, to prepay any Protective Advances and Overadvance that may be outstanding, second, to prepay the Revolving Loans and Swingline Loans, and third, as the Borrower Representative may direct. (c) Each Lender shall repay all Swingline Loans then outstanding. The Borrower shall repay 2016 Term A Loans on maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrowers to such Lender resulting from each date set forth below in Loan made by such Xxxxxx, including the aggregate amounts of principal amount set forth opposite and interest payable and paid to such date (as adjusted Lender from time to time hereunder. (d) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. (e) The entries made in the accounts maintained pursuant to Sections 2.11(aparagraph (c) or (d) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers to repay the Loans in accordance with the terms of this Agreement. (f) Any Lender (including the Swingline Lender) may request that Loans made by it be evidenced by a promissory note. In such event, the Borrowers shall execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and 2.11(d)): Date Amount March 31, 2013 $ 0 June 30, 2013 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 To the extent not previously repaid, all unpaid 2016 Term A Loans shall be paid in full in Dollars a form approved by the Borrower on Administrative Agent. Thereafter, the 2016 Maturity Date; provided that, Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the extent specified in order of the applicable Extension Offer, amortization payments with respect payee named therein (or to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced (but not increased) such payee and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offerits registered assigns). The Borrower shall repay 2018 Term A Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid in full in Dollars by the Borrower on the 2018 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaid, all unpaid Term B Loans shall be paid in full in Dollars by the Borrower on the Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension Offer.SECTION 2.11

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Repayment and Amortization of Loans; Evidence of Debt. (a)The a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each 2016 the Revolving Lender Lenders the then unpaid principal amount of each 2016 Revolving Loan extended to the Borrower on the 2016 Maturity Date in the currency of such Loan, (ii) to the Administrative Agent for the account of each 2018 Revolving Lender the then unpaid principal amount of each 2018 Revolving Loan on the 2018 Maturity Date in the currency of such Loan and (iiiii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the latest Revolving Loan Maturity Date with respect and, to any Revolving Commitments and the extent the aggregate outstanding principal amount of Swingline Loans exceeds the U.S. Dollar Amount of U.S. $10,000,000, on the first date after such the applicable Swingline Loan is made that is the 15th or last day of a calendar month and is at least two (2) Business Days after such Swingline Loan is made; provided that on each date that a Dollar Tranche Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding. The Borrower shall repay 2016 the Term A Loans on the last day of each date set forth below Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2014, in an amount equal to the then applicable Term A Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term A Loans on the Effective Date (as adjusted from time subject to time adjustment pursuant to Sections 2.11(a) and 2.11(dSection 2.11 as a result of prepayments)): Date Amount March 31, 2013 $ 0 June 30, 2013 $ 0 September 30, 2013 $ 0 December 31, 2013 $ 0 March 31, 2014 $ 0 June 30, 2014 $ 0 September 30, 2014 $ 0 December 31, 2014 $ 0 March 31, 2015 $ 0 June 30, 2015 $ 0 September 30, 2015 $ 0 December 31, 2015 $ 0 March 31, 2016 $ 0 . To the extent not previously repaidpaid, all unpaid 2016 Term A Loans shall be paid in full in Dollars fully repaid by the Borrower on the 2016 Term A Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2016 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2016 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay 2018 the Term A B Loans on the last day of each date set forth below Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2014, in an amount equal to the then applicable Term B Loan Payment Percentage times the aggregate principal amount set forth opposite such date of the Term B Loans on the Effective Date (as adjusted from time subject to time adjustment pursuant to Sections 2.11(a) and 2.11(dSection 2.11 as a result of prepayments)): Date Amount June 30, 2013 $ 17,343,750 September 30, 2013 $ 17,343,750 December 31, 2013 $ 17,343,750 March 31, 2014 $ 17,343,750 June 30, 2014 $ 17,343,750 September 30, 2014 $ 17,343,750 December 31, 2014 $ 17,343,750 March 31, 2015 $ 26,015,625 June 30, 2015 $ 26,015,625 September 30, 2015 $ 26,015,625 December 31, 2015 $ 26,015,625 March 31, 2016 $ 34,687,500 June 30, 2016 $ 34,687,500 September 30, 2016 $ 34,687,500 December 31, 2016 $ 34,687,500 March 31, 2017 $ 52,031,250 June 30, 2017 $ 52,031,250 September 30, 2017 $ 52,031,250 December 31, 2017 $ 52,031,250 . To the extent not previously repaid, all unpaid 2018 Term A Loans shall be paid in full in Dollars by the Borrower on the 2018 Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term A Loans for periods prior to the then current Maturity Date for 2018 Term A Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term A Loans for periods after the Maturity Date for 2018 Term A Loans shall be as specified in the applicable Extension Offer. The Borrower shall repay Term B Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Sections 2.11(a) and 2.11(d)): Date Amount September 30, 2011 $ 1,750,000 December 31, 2011 $ 1,750,000 March 31, 2012 $ 1,750,000 June 30, 2012 $ 1,750,000 September 30, 2012 $ 1,750,000 December 31, 2012 $ 1,750,000 March 31, 2013 $ 1,750,000 June 30, 2013 $ 1,750,000 September 30, 2013 $ 1,750,000 December 31, 2013 $ 1,750,000 March 31, 2014 $ 1,750,000 June 30, 2014 $ 1,750,000 September 30, 2014 $ 1,750,000 December 31, 2014 $ 1,750,000 March 31, 2015 $ 1,750,000 June 30, 2015 $ 1,750,000 September 30, 2015 $ 1,750,000 December 31, 2015 $ 1,750,000 March 31, 2016 $ 1,750,000 June 30, 2016 $ 1,750,000 September 30, 2016 $ 1,750,000 December 31, 2016 $ 1,750,000 March 31, 2017 $ 1,750,000 June 30, 2017 $ 1,750,000 September 30, 2017 $ 1,750,000 December 31, 2017 $ 1,750,000 March 31, 2018 $ 1,750,000 To the extent not previously repaidpaid, all unpaid Term B Loans shall be paid in full in Dollars fully repaid by the Borrower on the Term B Loan Maturity Date; provided that, to the extent specified in the applicable Extension Offer, amortization payments with respect to Extended Term B Loans for periods prior to the then current Maturity Date for Term B Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term B Loans for periods after the Maturity Date for Term B Loans shall be as specified in the applicable Extension Offer.

Appears in 1 contract

Samples: Credit Agreement (Quad/Graphics, Inc.)

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