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 three (3) 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 2.5 or 2.6) set forth opposite such date and expressed as a percentage of the principal amount outstanding on the first principal payment date, provided, however, that the first payment date shall occur on March 31, 2018 and the last payment date shall be March 31, 2019: Payment Date Amount of Principal Due (expressed as a percentage of the principal amount outstanding on the first principal payment date) March 31, 2018 25 % September 30, 2018 25 % March 31, 2019 50 % 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 4 contracts

Samples: Credit Agreement (Digicel Group LTD), Credit Agreement (Digicel Group LTD), Tranche I 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 three (3) 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 2.5 2.05 or 2.62.06) set forth opposite such date and expressed as a percentage of the principal amount outstanding on the first principal payment date, provided, however, that the first payment date shall occur on March 31, 2018 and the last payment date shall be March 31, 2019: Payment Date Amount of Principal Due (expressed as a percentage of the principal amount outstanding on the first principal payment date) March 31, 2018 25 % September 30, 2018 25 % March 31, 2019 50 % 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: Common Agreement, Common Agreement (Digicel Group LTD)

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