Common use of Repayment of Term Borrowings Clause in Contracts

Repayment of Term Borrowings. (a) The Borrower shall pay to the Administrative Agent, for the account of the Term Lenders, on the last Business Day of each March, June, September and December occurring prior to the Term Loan Maturity Date, commencing with December 31, 2014 (each, a “Repayment Date”), a principal amount of the Tranche B Term Loans (as adjusted from time to time pursuant to Sections 2.12 and 2.13(e)) equal to 0.25% of the original principal amount of the Tranche B Term Loans.

Appears in 3 contracts

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

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Repayment of Term Borrowings. (a) The Borrower shall pay to the Administrative Agent, for the account of the Term Lenders, (i) on the last Business Day of each March, June, September and December occurring prior to the Term Loan Maturity Date, commencing with December 31, 2014 (each, each a “Repayment Date”), a principal commencing with the first full quarter after the Funding Date, an aggregate amount of the Tranche B Term Loans (as adjusted from time to time pursuant to Sections 2.12 and 2.13(e)) equal to 0.25% of the original aggregate principal amount of all Term Loans outstanding on the Tranche B Funding Date and (ii) on the Term LoansLoan Maturity Date, the aggregate principal amount of all Term Loans outstanding on such date.

Appears in 2 contracts

Samples: Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp)

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Repayment of Term Borrowings. (a) The Borrower shall pay to the Administrative Agent, for the account of the Term Lenders, on the last Business Day of each March, June, September and December occurring Repayment Date prior to the Term Loan Maturity Date, commencing with December 31, 2014 (each, a “Repayment Date”), a principal amount of the Tranche B Term Loans (as adjusted from time to time pursuant to Sections 2.12 and 2.13(e2.13(h)) ), equal to 0.25% of the original aggregate principal amount of Term Loans made on the Tranche B Term LoansClosing 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.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Global Geophysical Services Inc), First Lien Credit Agreement (Global Geophysical Services Inc)

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