Common use of Repayment of Advances; Evidence of Debt Clause in Contracts

Repayment of Advances; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent at the Administrative Agent’s Account for the ratable account of the Lenders the outstanding principal amount of the Advances in six (6) equal semi-annual installments on each date set forth below in the aggregate principal amount (as such amount may be reduced from time to time pursuant to Sections 2.05 or 2.06) set forth opposite such date, provided, however, that the first payment date shall occur on September 30, 2014 and the last payment date shall be March 31, 2017: Payment Date Amount of Principal Due (the last Business Day of each month that is the respective number of months after the first payment date) (expressed as a percentage of the principal amount outstanding on the first principal payment date) September 30, 2014 (first payment date) 16.67% 6 16.67% 12 16.67% 18 16.67% 24 16.67% March 31, 2017 (the last payment date) 16.65% provided that the final such installment shall in any event be in an amount sufficient to pay the aggregate principal amount of the Advances in full.

Appears in 2 contracts

Samples: Agreement (Digicel Group LTD), Credit Agreement (Digicel Group LTD)

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Repayment of Advances; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent at the Administrative Agent’s Account for the ratable account of the Lenders the outstanding principal amount of the Advances in six (6) seven equal semi-annual installments on each date set forth below in the aggregate principal amount (as such amount may be reduced from time to time pursuant to Sections 2.05 2.5 or 2.062.6) set forth opposite such date, provided, however, that the first payment date shall occur on September 30March 31, 2014 and the last payment date shall be March 31, 20172015: Payment Date Amount of Principal Due (the last Business Day of each month that is the respective number of months after the first payment date) (expressed as a percentage of the principal amount outstanding on the first principal payment date) September 30Xxxxx 00, 2014 0000 (first xxxxx payment date) 16.6714.285% 6 16.6714.285% 12 16.6714.285% 18 16.6714.285% 24 16.6714.285% 30 14.285% March 31, 2017 2015 (the last payment date) 16.6514.290% provided that the final such installment shall in any event be in an amount sufficient to pay the aggregate principal amount of the Advances in full.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Digicel Group LTD)

Repayment of Advances; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent at the Administrative Agent’s Account for the ratable account of the Lenders the outstanding principal amount of the Advances in six (6) equal semi-annual installments on each date set forth below in the aggregate principal amount (as such amount may be reduced from time to time pursuant to Sections Section 2.05 or 2.06) set forth opposite such date, provided, however, that the first payment date shall occur on September 30, 2014 and the last payment date shall be March 31, 2017: Payment Date Amount of Principal Due (the last Business Day of each month that is the respective number of months after the first payment date) (expressed as a percentage of the principal amount outstanding on the first principal payment date) September 30, 2014 (first payment date) 16.6716.67 % 6 16.6716.67 % 12 16.6716.67 % 18 16.6716.67 % 24 16.6716.67 % March 31, 2017 (the last payment date) 16.6516.65 % provided that the final such installment shall in any event be in an amount sufficient to pay the aggregate principal amount of the Advances in full.

Appears in 1 contract

Samples: Credit Agreement (Digicel Group LTD)

Repayment of Advances; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent at the Administrative Agent’s Account for the ratable account of the Lenders the outstanding principal amount of the Advances in six (6) equal semi-annual installments on each date set forth below in the aggregate principal amount (as such amount may be reduced from time to time pursuant to Sections 2.05 2.5 or 2.062.6) set forth opposite such date, provided, however, that the first payment date shall occur on September 30, 2014 and the last payment date shall be March 31, 2017: Payment Date Amount of Principal Due (the last Business Day of each month that is the respective number of months after the first payment date) Amount of Principal Due (expressed as a percentage of the principal amount outstanding on the first principal payment date) September 30, 2014 (first payment date) 16.6716.67 % 6 16.6716.67 % 12 16.6716.67 % 18 16.6716.67 % 24 16.6716.67 % March 31, 2017 (the last payment date) 16.6516.65 % provided that the final such installment shall in any event be in an amount sufficient to pay the aggregate principal amount of the Advances in full.

Appears in 1 contract

Samples: Credit Agreement (Digicel Group LTD)

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Repayment of Advances; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent at the Administrative Agent’s Account for the ratable account of the Lenders the outstanding principal amount of the Advances in six (6) seven equal semi-annual installments on each date set forth below in the aggregate principal amount (as such amount may be reduced from time to time pursuant to Sections 2.05 or 2.06) set forth opposite such date, provided, however, that the first payment date shall occur on September 30March 31, 2014 2012 and the last payment date shall be March 31, 20172015: Payment Date Amount of Principal Due (the last Business Day of each month that is the respective number of months after the first payment date) Amount of Principal Due (expressed as a percentage of the principal amount outstanding on the first principal payment date) September 30Xxxxx 00, 2014 0000 (first xxxxx payment date) 16.6714.285 % 6 16.6714.285 % 12 16.6714.285 % 18 16.6714.285 % 24 16.6714.285 % 30 14.285 % March 31, 2017 2015 (the last payment date) 16.6514.290 % provided that the final such installment shall in any event be in an amount sufficient to pay the aggregate principal amount of the Advances in full.

Appears in 1 contract

Samples: Credit Agreement (Digicel Group LTD)

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